Bill Text: SC H5272 | 2025-2026 | 126th General Assembly | Introduced
Bill Title: Remittances and Citizenship Verification
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced) 2026-02-26 - Referred to Committee on Labor, Commerce and Industry [H5272 Detail]
Download: South_Carolina-2025-H5272-Introduced.html
South Carolina General Assembly
126th Session, 2025-2026
Bill 5272
Indicates Matter Stricken
Indicates New Matter
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
A bill
TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 34-3-120 SO AS TO REQUIRE FINANCIAL INSTITUTIONS TO VERIFY THAT INDIVIDUALS ARE CITIZENS OF THE UNITED STATES BEFORE WIRING OR REMITTING FUNDS TO FOREIGN COUNTRIES, AND TO EITHER REQUIRE A FEE OR PROHIBIT THE TRANSFER IF THE INDIVIDUAL IS NOT A UNITED STATES CITIZEN.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 3, Title 34 of the S.C. Code is amended by adding:
Section 34-3-120. A financial institution shall verify if an individual is a citizen of the United States before wiring or remitting funds to a foreign country. If the individual is not a United States citizen, the financial institution shall either prohibit the transfer of funds or shall charge a fee of one thousand dollars which must be remitted to the general fund of the State.
SECTION 2. This act takes effect upon approval by the Governor.
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This web page was last updated on February 26, 2026 at 11:14 AM
