What does Preamble of Federal Benefits Repatriation Verification Act of 2026 do?

This bill aims to restrict the repatriation of funds by noncitizens who receive Federal benefits. It mandates verification and certification of compliance related to these restrictions. The bill proposes establishing a centralized database within the Department of the Treasury. The database will be used for monitoring, enforcement, and reporting purposes.

What does SHORT TITLE. of Federal Benefits Repatriation Verification Act of 2026 do?

This bill is formally titled the Federal Benefits Repatriation Verification Act of 2026.

What does DEFINITIONS. of Federal Benefits Repatriation Verification Act of 2026 do?

This section defines key terms used within the Act. A 'covered individual' is defined as a noncitizen receiving Federal benefits. 'Federal benefits' encompass monetary or in-kind assistance from Federal agencies, including Social Security, SNAP, TANF, Medicaid, housing assistance, and unemployment insurance. A 'noncitizen' is any individual who is not a U.S. citizen or national. 'Repatriation of funds' refers to the transfer of monetary assets from the U.S. to foreign entities, utilizing various methods. The 'Treasury Repatriation Verification Database' is a secure system established under section 5.

What does RESTRICTION ON REPATRIATION OF FUNDS BY COVERED INDIVIDUALS. of Federal Benefits Repatriation Verification Act of 2026 do?

This section restricts the transfer of monetary assets by noncitizens receiving federal public benefits. Noncitizens may not transfer more than $1,000 to another noncitizen, entity, or account outside the U.S. within a 12-month period while receiving federal benefits. Compliance with this repatriation limit is a condition for continued eligibility for federal benefits. Noncitizens must annually certify their compliance with the repatriation limit as part of their benefits eligibility review. Federal agencies administering benefits must coordinate with the Department of the Treasury to verify compliance. Failure to submit a certification of compliance results in ineligibility for federal public benefits.

What does DUTIES OF FINANCIAL AND REMITTANCE INSTITUTIONS. of Federal Benefits Repatriation Verification Act of 2026 do?

Financial institutions, money service businesses, remittance providers, and cryptocurrency exchanges operating in the United States are required to report repatriation transactions made by covered individuals to the Department of the Treasury. Institutions must query the Treasury Repatriation Verification Database to verify if a proposed transfer would cause a covered individual to exceed the repatriation limit. If the database indicates that the limit has or would be exceeded, institutions must deny the transaction and report the attempted transfer. The Secretary of the Treasury will issue regulations to define the reporting and verification procedures, including format, frequency, and method.

What does ESTABLISHMENT OF THE TREASURY REPATRIATION VERIFICATION of Federal Benefits Repatriation Verification Act of 2026 do?

This section establishes the "Treasury Repatriation Verification Database." The Secretary of the Treasury is responsible for creating and maintaining this database. The database will contain identification data for covered individuals, records of repatriation transactions, real-time totals, and compliance/eligibility indicators. Authorized Federal and State agencies, as well as financial and remittance institutions subject to section 4, will have privacy-compliant access to the database. Data collection and sharing must adhere to Federal privacy laws and cybersecurity standards, including encryption and access controls.

What does ENFORCEMENT AND PENALTIES. of Federal Benefits Repatriation Verification Act of 2026 do?

This section outlines enforcement and penalty provisions. Individuals violating section 3 may have their federal benefits suspended until compliance is reestablished. Federal agencies can recover improper payments made during periods of noncompliance. Institutions failing to comply with section 4 may face civil penalties up to $25,000 per violation. Additional penalties may be imposed on institutions for willful or repeated violations, as determined by the Secretary of the Treasury.

What does RULEMAKING. of Federal Benefits Repatriation Verification Act of 2026 do?

This section requires the Secretary of the Treasury to issue regulations to carry out the Act. The regulations must be issued within 12 months of the Act's enactment. The Secretary of the Treasury must consult with Federal benefit-administering agencies when issuing these regulations.

What does EFFECTIVE DATE. of Federal Benefits Repatriation Verification Act of 2026 do?

This Act will become effective two years after its enactment. The Secretary of the Treasury is authorized to commence regulatory and database development activities immediately.

Back to bills

Federal Benefits Repatriation Verification Act of 2026

Last updated: 4/2/2026 · Introduced: 4/2/2026

Author: Michelle Fischbach (R-MN)

TL;DR (AI)

This bill restricts noncitizens receiving federal benefits from transferring more than $1,000 annually to foreign entities, requiring annual certification of compliance to maintain benefits eligibility.
It establishes a 'Treasury Repatriation Verification Database' to monitor these transactions, accessible to federal and state agencies, financial institutions, and remittance providers.
Financial institutions and remittance providers are mandated to report repatriation transactions and verify compliance with the limit using the database, facing potential penalties for non-compliance.

119th Congressin committeeOfficial page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

Includes provisions on preamble, short title., and 7 more.

9 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account