Loading chat...
SC H5272
Bill
Status
Introduced
2/26/2026
Primary Sponsor
Steven Long
Click for details
AI Summary
-
Financial institutions must verify whether an individual is a United States citizen before wiring or remitting funds to a foreign country
-
Non-citizens attempting to transfer funds abroad face either a complete prohibition on the transfer or a mandatory $1,000 fee
-
The $1,000 fee, if charged, must be remitted to South Carolina's general fund
-
Adds new Section 34-3-120 to Chapter 3, Title 34 of the South Carolina Code of Laws
-
Takes effect upon approval by the Governor
Legislative Description
Remittances and Citizenship Verification
Last Action
Referred to Committee on Labor, Commerce and Industry
2/26/2026
Committee Referrals
Labor, Commerce and Industry2/26/2026
Full Bill Text
No bill text available