Federal lawmakers target states' use of unclaimed property after California investigation
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The Bottom Line
Federal lawmakers are addressing how states handle unclaimed property after an investigation into California's practices.
How This Affects You
This could affect how quickly and easily you can recover your unclaimed investments and assets held by state governments.
AI Summary
Federal lawmakers are moving to stop states from profiting off people's unclaimed property, following a CBS News California investigation. The investigation revealed how states have been quietly using these funds, which are often people's investments. This bipartisan attention from federal lawmakers aims to address concerns about states' handling of these assets. The legislative push seeks to reform practices related to unclaimed property across the country.
What's Being Done
Federal lawmakers are moving to stop states from profiting off people's unclaimed investments.
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