Federal Benefits Repatriation Verification Act of 2026
Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The bill stops non‑citizen recipients of federal aid from transferring more than $1,000 abroad in a 12‑month period and requires them to certify yearly that they have complied. It also obligates banks, money‑transfer services and crypto exchanges to report such transfers and to check a new Treasury database before processing them, with penalties for violations.
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