Consequences for Social Security Fraud ActThis bill adds additional criminal offences to the grounds upon which a non-U.S. national (alien under federal law) may be barred from admission into the United States or deported. Specifically, an individual who has been convicted of, or admits to committing, Social Security fraud, identification document fraud, or fraud related to COVID-19 financial assistance programs is inadmissible or deportable under the bill.
To amend the Internal Revenue Code of 1986 to provide special rules for purposes of determining if financial guaranty insurance companies are qualifying insurance corporations under the passive foreign investment company rules.