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States to Recover Unclaimed Savings Bonds

This act aims to help states recover funds from unredeemed savings bonds that citizens have forgotten. This allows states to use these funds for their residents' needs, while also making it easier for original owners to reclaim their money if they come forward.
Key points
States can take ownership and redeem unredeemed savings bonds that matured before December 31, 2017.
States will receive information about bond owners to assist in locating them.
If a state fails to pay a rightful owner, the owner can still seek redemption directly from the U.S. government.
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Expired
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Additional Information
Print number: 117_HR_4085
Sponsor: Rep. Estes, Ron [R-KS-4]
Process start date: 2021-06-23
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Unclaimed Savings Bond Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4085.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-23.

What are the main provisions?

Key points include:

  • States can take ownership and redeem unredeemed savings bonds that matured before December 31, 2017.
  • States will receive information about bond owners to assist in locating them.
  • If a state fails to pay a rightful owner, the owner can still seek redemption directly from the U.S. government.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Estes, Ron [R-KS-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Courts and Law