In CommitteeFiled Apr 16, 2026
Sponsor: Rep. Liccardo, Sam T. [D-CA-16] (D)
Latest Action
Referred to the House Committee on Financial Services.
Apr 16, 2026
Summary
The bill bars financial institutions from surrendering a customer’s securities, digital assets, or investment accounts to state unclaimed‑property programs unless the owner’s death has been verified and a waiting period has passed. It applies to assets held after the law’s enactment and overrides any state rules that conflict. The aim is to protect retirees and other owners from losing assets prematurely.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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