Harris and Palazzo Introduce Border Bonds Legislation
Washington, DC: Representatives Steven Palazzo (MS-04) and Andy Harris, M.D. (MD-01) Members of the House Appropriations Committee introduced the Border Bonds for America Act of 2019 to authorize the Secretary of the Treasury to sell revenue bonds that will financially support construction of the southern border wall and improve security infrastructure at the southern border.
"Border security is national security. We can't afford to let political games get in the way of protecting our nation and its citizens. Our bill allows bonds to be purchased by American citizens in order to fund the border wall," Palazzo said. "It also allows the Administration to utilize financial resources, including donations by the American people, for the wall that Democrats refuse to provide. Historically, we've seen Americans rise to the occasion to support the defense of our country, and this is no different."
“This bill will create Border Bonds to fund the immediate construction of the wall to help our nation confront the growing humanitarian and security crisis created by failed open border policies," Harris said. "We must do everything we can to secure our borders as failure is not an option.”
The legislation establishes the Border Bonds Trust Fund within the Department of the Treasury.
The Border Bonds for America Act of 2019 would allow private citizens to purchase Border Bonds from the U.S. The proceeds of those sales would then go directly to the border bonds trust fund established by the bill. The trust fund is designed as a lockbox to ensure these funds are only used to build the southern border wall.
During the 115th Congress, Palazzo and Harris introduced separate legislation that would allow for Americans to purchase Border Wall Bonds to help finance the construction of the border wall and improve infrastructure at the southern border.
Julia Nista (Harris)
Colleen Kennedy (Palazzo)