SAFER Act of 2026

This bill limits when banks, brokers, transfer agents, and crypto exchanges can turn over a person's securities, digital assets, or investment accounts to a state under unclaimed property laws. For an individual, the institution could only turn over the assets if it confirmed the person's death at least 3 years earlier and no estate representative had shown interest in the assets for 3 years. For a business or other entity, the institution must have had no contact with a representative for at least 5 years. For account holders of retirement age with no contact for 5 years, institutions would have to check government death records every 5 years. The bill overrides conflicting state laws but does not cover employer benefit plans under federal retirement law.

Full text and official record on Congress.gov

Sponsors

• Sam T. Liccardo Democrat sponsor
• 7 cosponsors