December 2023 │ Legislation & Regulation Update

The Unclaimed Property Legislative Alert

Summary of Legislation — Week Ending December 22, 2023

FLORIDA: House Bill 939. Introduced legislation prohibits a person from filing a false claims action based upon allegations or transactions arising from, or to enforce, the Florida Disposition of Unclaimed Property Act.

Summary of Legislation — Week Ending December 15, 2023

PENNSYLVANIA: Senate Bill 24. Amended legislation decreases to $100 the value of the property the Treasurer may pay to a person, regardless of whether a claim was filed, if the person was reported as the sole owner of the property.

Summary of Legislation — Week Ending December 8, 2023

WISCONSIN: Assembly Bill 742. Introduced legislation defines a financial organization loyalty card and exempts any associated funds from reporting under the Revised Uniform Unclaimed Property Act.  The expired voluntary disclosure program is reinstated and made permanent.

With The Unclaimed Property Legislative Alert Summary of Legislation and Regulation, you receive an overview of the latest information on unclaimed property legislative updates, regulatory changes, and statutory amendments across the United States and Canada. The publicly available information contained herein has been compiled by Kelmar Associates, LLC and does not constitute legal advice or analysis of any kind.  The summary information is generally compiled on a weekly basis, as applicable, and is shared on Kelmar's website each month. For more information, please refer to each state unclaimed property bill.