Palazzo Introduces Bill to Allow Americans to Purchase Border Wall Bonds

Washington, D.C-  U.S. Rep. Steven Palazzo (MS-4) , Vice Chairman of the House Homeland Security Appropriations Subcommittee, introduced the Border Bonds for America Act of 2018 on Monday (Dec. 17, 2018), which allows American citizens the opportunity to purchase revenue bonds to help finance the construction of a southern border wall.

           

 Palazzo said in a statement, “This bill is a safe investment into the infrastructure and security of our country. During World War II, 85 million Americans purchased $185 billion in war bonds and financially supported our troops while they were defending our country. This legislation would allow for the patriots of today’s era to help support American security in the same way as previous generations.  The American people are fed up with the political games fueled by the Democrats’ inaction to secure our borders and protect our citizens.  In November of 2016, Americans voted for better border security and as Vice-Chairman of the Homeland Security Appropriations Subcommittee, I believe this legislation allows new alternatives for our citizens to support their values and defend our homeland.”

           

The Border Bonds for America Act directs the Secretary of the Treasury to issue government savings bonds, known as "Border Bonds," specifically for the construction of a physical barrier on the United States border with Mexico, as well as related technology, and improved infrastructure.

           

This legislation also establishes the “Border Bonds Trust Fund” in the Treasury of the United States.

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