Sec. 6003. Providing information to States regarding undelivered savings bonds
238 words·~1 min read·
/bill/116/s/4049/es/section-6003·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 3105 of title 31, United States Code, is amended by adding at the end the following: Notwithstanding any other law to the contrary, the Secretary shall provide each State, as digital or other electronically searchable forms become available (including digital images), with sufficient information to identify the registered owner of any applicable savings bond with a registration address that is within such State, including the serial number of the bond, the name and registered address of such owner, and any registered beneficiaries.
The Secretary shall prescribe such regulations or other guidance as may be necessary to carry out the purposes of this subsection, including rules to— protect the privacy of the owners of applicable savings bonds; ensure that any information provided to a State under this subsection shall be used solely to locate such owners and assist them in redeeming such bonds with the United States Treasury; and ensure that owners of applicable savings bonds seeking to redeem such bonds with the United States Treasury are able to do so in an expeditious manner.
Not later than 12 months after the date of enactment of this subsection, and annually thereafter, the Secretary shall submit to the Committee on Appropriations and the Committee on Finance of the Senate a report assessing all efforts to satisfy the requirement under paragraph (1). For purposes of this subsection, the term applicable savings bond means a matured and unredeemed savings bond. .