SAFE HIRE Act mandates employment eligibility compliance certification in annual reports of securities issuers.
The SAFE HIRE Act, or Strengthening Accountability for Employers Hiring Individuals and Reforming Enforcement Act, amends the Securities Exchange Act of 1934 to require principal executive and human resources officers of covered employers to certify compliance with employment eligibility verification. This includes ensuring internal controls for Form I-9 compliance and E-Verify, identifying fraudulent documentation, and reporting violations. Violations carry penalties of up to $1,000,000 fine, 10 years imprisonment, or both, with enhanced penalties for unauthorized alien employment.
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