# Maine LD 1969: An Act to Amend the Maine Revised Unclaimed Property Act and Clarify the Definition of "Virtual Currency" Maine LD 1969, An Act to Amend the Maine Revised Unclaimed Property Act and Clarify the Definition of "Virtual Currency", is a 132nd Maine Legislature (2025-2026) House bill sponsored by Morgan Rielly (Democratic); status signed, last action 2026-04-13 (Signed by Governor, ACTPUB Chapter 675); PRIA reads it as touching household money (as of 2026-10-17). - Canonical: https://policyrisk.com/state-bill/ME-LD1969-132 - As of: 2026-10-17 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Maine LD 1969 - State: Maine - Session: 132nd Maine Legislature (2025-2026) - Title: An Act to Amend the Maine Revised Unclaimed Property Act and Clarify the Definition of "Virtual Currency" - Status: signed - Chamber: House - Introduced: 2025-05-13 - Last action: 2026-04-13, Signed by Governor, ACTPUB Chapter 675 - Sponsor: Morgan Rielly (Democratic) - Cosponsors: 0 - Subjects: STATE GOVERNMENT, STATE GOVERNMENT - PROPERTY - Touches household money: yes - Economic provisions PRIA read: 7 ## Summary No summary available. ## Bill overview: provisions PRIA read - Stronger notices, sale limits, and claim rights: benefit, medium. If securities or virtual currency worth $1,000 or more are at risk and the holder has your valid address, the holder must send certified mail at least 60 days before reporting. Notices must warn that your property may be sold and include steps to stop reporting or sale. The State generally waits on… - No escheat fees and stronger custody: benefit, low. Holders cannot charge or deduct an escheat or unclaimed property reporting fee from your money. On May 1 (insurance) and November 1 (other property), holders that still have presumed‑abandoned property hold it in trust for the State and are liable for the full value plus interest and penalties unti… - New filing deadlines for holders: cost, low. Life insurance unclaimed property reports are due before May 1 each year for the prior calendar year. For some issued obligations and added deposits, the key reference date moves from December 31 to June 30 of that year. - Updated timelines for unclaimed money: mixed, high. The law updates when many accounts become unclaimed. Retirement plan money is abandoned 1 year after a plan ends; IRAs and similar are abandoned 3 years after the later of returned first‑class mail and the federal required distribution date. Holders must try to confirm a reported death within 90 da… - New rules for unclaimed crypto: mixed, medium. The law defines virtual currency and a "private key." It treats crypto like money under unclaimed property rules. Crypto is presumed abandoned after 5 years with no owner activity or after mail is returned. Holders who control the keys must deliver the crypto in native form within 30 days before th… - Tighter exams and confidentiality for holders: mixed, medium. Your unclaimed property filings and exam records are confidential and not public. The administrator can share records with an agent, and with a prior or new agent, under confidentiality. If you are examined, you must use the standard confidentiality form. If you do not sign and cannot agree within… - Targeted repeals in unclaimed property law: mixed, low. The law repeals several small subsections in the unclaimed property statute: 33 MRSA §§2063(2), 2064(2), 2064(3), and §2165(4). This cleans up prior text; practical effects depend on what those subsections previously required. ## Sponsors and cosponsors - Sponsor: Morgan Rielly (Democratic), House ## Actions (9) - 2026-04-13: Signed by Governor, ACTPUB Chapter 675 - 2026-04-06: PASSED TO BE ENACTED, in concurrence. (Senate) - 2026-04-02: PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH. (House) - 2026-04-02: Report READ and ACCEPTED, in concurrence.READ ONCE.Committee Amendment "A" (H-947) READ and ADOPTED, in concurrence.Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (H-947), in concurrence.Ordered sent down forthwith. (Senate) - 2026-04-02: CONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (H-947).Sent for concurrence. ORDERED SENT FORTHWITH. (House) - 2025-06-25: Carried over, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800. (House) - 2025-05-14: The House RECEDED and CONCURRED to REFERENCE to the Committee on STATE AND LOCAL GOVERNMENT.ORDERED SENT FORTHWITH. (House) - 2025-05-13: On motion by Senator CARNEY of Cumberland REFERENCE to the Committee on STATE AND LOCAL GOVERNMENT In NON-CONCURRENCE Sent down for concurrence (Senate) - 2025-05-13: Committee on JUDICIARY suggested and ordered printed. On motion of Representative KUHN of Falmouth, the Bill was REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES.Sent for concurrence. ORDERED SENT FORTHWITH. (House) ## Bill text - Amendment C-A (H-947), adopted by House & Senate: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1313&item=2&snum=132) - Enacted: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1313&item=3&snum=132) - Introduced: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1313&item=1&snum=132) ## Related bills - LD 1522: An Act to Establish the Maine Eviction Prevention Program (failed) - LD 1665: An Act to Provide Property Tax Relief to Maine Families (failed) - LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retirement System (failed) - LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan for Retirement (failed) - LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State Employees (failed) - LD 1294: An Act to Expand the Dependent Exemption Tax Credit (failed) ## Sources - [Amendment C-A (H-947), adopted by House & Senate (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1313&item=2&snum=132) - [Enacted (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1313&item=3&snum=132) - [Introduced (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=HP1313&item=1&snum=132) ## Related - [LD 1522: An Act to Establish the Maine Eviction Prevention Program](https://policyrisk.com/state-bill/ME-LD1522-132) - [LD 1665: An Act to Provide Property Tax Relief to Maine Families](https://policyrisk.com/state-bill/ME-LD1665-132) - [LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retiremen…](https://policyrisk.com/state-bill/ME-LD1872-132) - [LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan f…](https://policyrisk.com/state-bill/ME-LD2067-132) - [LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State…](https://policyrisk.com/state-bill/ME-LD1611-132) - [LD 1294: An Act to Expand the Dependent Exemption Tax Credit](https://policyrisk.com/state-bill/ME-LD1294-132) - [Maine bills](https://policyrisk.com/states/maine/bills) - [Maine state hub](https://policyrisk.com/states/maine) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/ME-LD1969-132 (as of 2026-10-17).