SAFER Act of 2026
Sponsored by Liccardo, Sam T. (Democrat-CA-16) · House · Introduced Apr 16, 2026
AI-assisted analysis: Summaries and rider analysis are generated using AI and reviewed for accuracy. This tool is for informational purposes only. Always verify with official sources before making decisions.Learn about our methodology.
Plain-English Summary (AI-assisted)
This bill aims to protect individuals' financial accounts from being taken over by states under escheatment laws—rules that allow states to claim property believed to be abandoned. The legislation would prevent states from seizing securities, digital assets, and investment accounts prematurely, presumably by requiring stronger proof of abandonment or longer waiting periods.
Legislative Status Timeline
Introduced
Apr 16, 2026
In Committee
Apr 16, 2026
Passed House
Pending
Passed Senate
Pending
Presidential Action
Pending
Sponsor
Liccardo, Sam T.
Independent · CA-16
Want to know when this bill's status changes?
Get notified about 119-hr-8338 and other CA legislation.