US SB2002

Imposes a 15% excise tax on all remittance transfers (money sent to foreign recipients), with the sender responsible for payment and remittance transfer providers required to collect and remit the tax quarterly to the Treasury

Exempts U.S. citizens and nationals from the tax when using "qualified remittance transfer providers" that have entered agreements with the Treasury to verify citizenship status

Creates a refundable income tax credit allowing U.S. citizens and nationals who paid the remittance tax to claim a full refund, provided they include their Social Security number and meet substantiation requirements

Requires remittance transfer providers to report transfer data to the IRS, including aggregate transfer numbers and values for exempt transfers, and sender identification information for those claiming the tax credit

Applies to transfers made after December 31, 2025, with the tax credit provisions applying to taxable years ending after that date