Federal Benefits Repatriation Verification Act of 2026

The Federal Benefits Repatriation Verification Act of 2026 restricts noncitizens receiving federal benefits from sending more than $1,000 in monetary assets to foreign accounts or individuals within any 12-month period. To enforce this limit, the bill requires noncitizen recipients to annually certify their compliance and mandates that financial institutions, including banks and cryptocurrency exchanges, check a new Treasury database before processing transfers. If a noncitizen exceeds the limit or fails to provide certification, they become ineligible for programs such as Social Security, SNAP, and Medicaid, while financial institutions face civil penalties for non-compliance. The legislation also directs the Treasury to create a secure database to track these transactions and share data with benefit agencies to verify eligibility in real time.