S 2417
Unclaimed Savings Bond Act of 2019
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Unclaimed Savings Bond Act of 2019, aims to ensure that states receive payment for matured, unredeemed savings bonds when a court order establishes their ownership. It establishes a process for the Treasury Department to transfer ownership and provide relevant records to states that have obtained title through legal proceedings. The act also clarifies procedures for redeeming these bonds and outlines responsibilities regarding outstanding obligations related to the bonds.
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Primary sponsor
Cosponsors
Angus S., Jr. King
David Perdue
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