# 119-hr-8338: SAFER Act of 2026

119-hr-8338, SAFER Act of 2026, is a 119th Congress bill sponsored by Rep. Liccardo, Sam T. [D-CA-16] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-10-03).

- Canonical: https://policyrisk.com/legislation/119-hr-8338
- As of: 2026-10-03
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8338
- Congress: 119
- Title: SAFER Act of 2026
- Status: introduced
- Introduced: 2026-04-16
- Sponsor: Rep. Liccardo, Sam T. [D-CA-16] (D-CA)
- Cosponsors: 7
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-03

## Summary

**Prevents premature escheatment of covered securities, digital assets, and investment accounts.** This bill would set a federal baseline requiring custodians to confirm death or meet specified conditions before yielding custody and would preempt conflicting state escheat laws. - Owners and beneficiaries: Would stop states from taking custody of covered assets unless a custodian completes death verification or other specified procedures. Applies to assets held or beneficially owned on or after enactment. - Custodians and custodial venues: Would require national banks, transfer agents, centralized digital-asset exchanges, and similar custodians to run death confirmations and annual or multi-year inactivity checks before escheat can occur. - States and escheat agencies: Would limit state power to escheat covered assets by preempting inconsistent state rules while preserving owners' rights to pursue remedies under state or federal law. Employee benefit plans governed by ERISA are excluded from the bill's coverage.

## Cosponsors (7)

- Rep. Sherman, Brad [D-CA-32] (D-CA), 2026-10-01T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-04-16T00:00:00.000Z
- Rep. Correa, J. Luis [D-CA-46] (D-CA), 2026-06-03T00:00:00.000Z
- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), 2026-06-10T00:00:00.000Z
- Rep. Fitzgerald, Scott [R-WI-5] (R-WI), 2026-07-13T00:00:00.000Z
- Rep. Meuser, Daniel [R-PA-9] (R-PA), 2026-07-23T00:00:00.000Z
- Rep. Salazar, Maria Elvira [R-FL-27] (R-FL), 2026-07-23T00:00:00.000Z

## Provisions PRIA read

- Protects investors from state escheat: benefit, medium. If enacted, this bill would set a federal rule that stops custodians from turning covered assets over to States unless federal conditions are met. It would apply to assets you own on or after enactment unless custody already passed to a State. Covered assets would include securities, digital assets…
- Regular death checks for retirement accounts: benefit, low. If enacted, financial institutions would compare records for retirement-age account holders with State or Federal death databases. The check would occur at the end of the five-year period after the institution last had contact and every five years after that. Retirement age is the age in IRC sectio…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-1340: More Homes on the Market Act
- 119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act
- 119-hr-1330: Smithsonian National Museum of the American Latino Act
- 119-hr-2253: Puppy Protection Act of 2025

## Sources
- [119-hr-8338 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8338)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-1340: More Homes on the Market Act](https://policyrisk.com/legislation/119-hr-1340)
- [119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act](https://policyrisk.com/legislation/119-hr-4382)
- [119-hr-1330: Smithsonian National Museum of the American Latino Act](https://policyrisk.com/legislation/119-hr-1330)
- [119-hr-2253: Puppy Protection Act of 2025](https://policyrisk.com/legislation/119-hr-2253)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8338 (as of 2026-10-03).