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H.R. 8172 (119th Congress)Committee
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Federal Benefits Repatriation Verification Act of 2026

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Summary

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This bill restricts noncitizens receiving federal benefits from transferring more than $1,000 per year to foreign accounts or individuals, and establishes a centralized Treasury database to monitor and enforce this limit. Financial institutions, money services, and cryptocurrency exchanges would be required to report all such transfers by covered individuals and verify compliance before processing transactions. Violations would result in suspension of federal benefits and potential recoupment of improper payments; institutions failing to comply could face civil penalties up to $25,000 per violation.

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