A proposed bill in Georgia could help return billions of dollars in unclaimed money to residents, but the effort is facing challenges at the State Capitol.

Lawmakers say the state is currently holding more than $3 billion in unclaimed property, which includes things like uncashed checks, old bank accounts, refunds, and other funds that belong to individuals.

The legislation would allow the Georgia Department of Revenue to automatically match records and send checks directly to residents, especially for smaller amounts, without requiring people to file a claim.

Supporters say the goal is to make it easier for Georgians to get their money back faster, cutting down on paperwork and making the process more efficient. However, the proposal has raised concerns among some lawmakers because parts of the bill could allow the state to take ownership of certain funds if they remain unclaimed for long periods of time.

The bill has already passed the State Senate but has stalled in a House committee, leaving its future uncertain as the legislative session continues.