Restriction on repatriation of funds by covered individuals

(a) Repatriation limit A noncitizen may not transfer any monetary asset from within the United States to any other noncitizen, entity, or account outside of the United States in an amount that exceeds $1,000 during any 12-month period during which the noncitizen is a recipient of a Federal public benefit. (b) Condition of benefit eligibility Compliance with subsection (a) shall be a condition of continued eligibility for any Federal benefit program. A noncitizen who violates subsection (a) shall be ineligible to receive any Federal public benefit. (c) Certification requirement Covered individuals shall annually certify compliance with the repatriation limit as part of their continued benefits eligibility review. On an annual basis, a noncitizen who is a recipient of a Federal public benefit shall certify to the relevant agency, as part of verification of their eligibility, that the individual has not violated subsection (a). A noncitizen who fails to submit such a certification shall be ineligible to receive the Federal public benefit. (d) Verification requirement Federal agencies administering benefits shall coordinate with the Department of the Treasury to verify that covered individuals are in compliance with subsection (a). The Secretary of the Treasury shall coordinate with the head of each Federal agency that administers a Federal public benefit in carrying out this section.