Bill > S2359

This bill introduces new reporting requirements for publicly traded companies (called "covered employers") regarding their employment eligibility verification practices. The bill mandates that the principal executive officer and principal human resources officer must submit a detailed certification with their annual financial reports, affirming that they have reviewed their employment practices, established internal controls to verify workers' legal work status, and disclosed any significant deficiencies or violations related to employing unauthorized workers. These certifications must specifically address compliance with Form I-9 and E-Verify requirements under immigration law. The bill includes significant criminal penalties for false certifications, with potential fines up to $1 million and 10 years imprisonment for general violations, and enhanced penalties of up to $5 million and 20 years imprisonment for knowingly employing unauthorized aliens. Additionally, the Securities and Exchange Commission is required to develop implementation rules within one year of the Act's enactment, including guidelines for how these certifications will be publicly disclosed. The goal of the SAFE HIRE Act is to increase accountability and transparency in corporate employment verification practices, with a particular focus on preventing the hiring of undocumented workers.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2359/all-info