arrow_back Civic Audit
Share share

States to Recover Unclaimed Savings Bonds for Citizens

This act aims to help states recover billions of dollars in unclaimed savings bonds. States can then use these funds for public services, while also providing a clear path for original owners to reclaim their money if they come forward.
Key points
States can now take ownership of and redeem abandoned savings bonds.
The U.S. Treasury will provide states with necessary information to facilitate bond redemption.
If an original owner comes forward, the state must pay them according to its abandoned property laws.
The law applies to bonds that matured by December 31, 2017, and remain unredeemed.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 117_S_2854
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2021-09-27
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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_S_2854.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-09-27.

What are the main provisions?

Key points include:

  • States can now take ownership of and redeem abandoned savings bonds.
  • The U.S. Treasury will provide states with necessary information to facilitate bond redemption.
  • If an original owner comes forward, the state must pay them according to its abandoned property laws.
  • The law applies to bonds that matured by December 31, 2017, and remain unredeemed.
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 Sen. Kennedy, John [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Courts and Law Public Investments