Overview

• President Trump signed the One Big Beautiful Bill into law on July 4, 2025, advancing his agenda on border security and remittances.
• Starting January 1, 2026, a 1% levy will apply only to cash, money orders or cashier’s checks used for remittances while bank and card transfers remain exempt.
• The legislation provides $150 billion over four years for border barriers, expanded detention centers and 18,000 new ICE and Border Patrol officers.
• Immigration application fees will rise sharply, including $1,000 for asylum requests, $550 for work permits, $900 for appeals and a tenfold increase for TPS applications.
• Cuts to Medicaid, SNAP and clean energy funding will finance the enforcement boost and fee hikes, fueling concerns about strains on low-income and immigrant households.