Prevents premature seizure of securities, digital assets, or investment accounts under State escheatment laws.

The SAFER Act of 2026 aims to prevent the premature seizure of an individual’s securities, digital assets, or investment accounts held by a financial institution under State escheatment laws. It prohibits financial institutions from yielding custody of covered assets unless specific conditions are met, such as confirming the death of the asset owner or lack of contact for a certain period. The act preempts conflicting State laws and allows asset owners to seek remedies for mishandling. It applies to assets held or beneficially owned by a person or entity on or after the enactment date.

Prevents premature seizure of securities, digital assets, or investment accounts under State escheatment laws.

The SAFER Act of 2026 aims to prevent the premature seizure of an individual’s securities, digital assets, or investment accounts held by a financial institution under State escheatment laws. It prohibits financial institutions from yielding custody of covered assets unless specific conditions are met, such as confirming the death of the asset owner or lack of contact for a certain period. The act preempts conflicting State laws and allows asset owners to seek remedies for mishandling. It applies to assets held or beneficially owned by a person or entity on or after the enactment date.