,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #ebfi  ,,in ,,the ,,house ,,of  
,,representatives  ,november #bf1       
#bjai,mr4 ,estes 7for himself1 ,mr4     
,danny ,k4 ,davis of ,illinois1 ,mr4    
,timmons1 ,mr4 ,mc,adams1 ,mr4 ,smith of
 ,missouri1 ,mr4 ,beyer1 ,mr4 ,la,hood1 
and ,ms4 ,snchez7 introduced the        
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to provide for payment of      
proceeds from savings bonds to a ,state 
with title to such bonds pursuant to the
 judgment of a court4  #a4 ,short title 
,this ,act may be cited as the          
,unclaimed ,savings ,bond ,act of #bjai4
  #b4 ,transfer and redemption of       
abandoned savings bonds ,section #caje  
of title #ca1 ,united ,states ,code1 is 
amended by adding at the end the        
following3  7f7  7#a7 ,notwithstanding  
any other ,federal law1 the ownership of
 an applicable savings bond may be      
transferred pursuant to a valid judgment
 of escheatment vesting a ,state with   

title to the bond4 ,nothing in this     
section1 or in any regulation           
promulgated by the ,secretary to        
implement this section1 may be construed
 to preempt ,state law providing for1 or
 governing the escheatment of1          
applicable savings bonds4  7#b7 ,the    
,secretary shall recognize an order of a
 court of competent jurisdiction that   
vests title to an applicable savings    
bond with a ,state1 regardless of       
whether the ,state has possession of    
such bond1 if the ,state provides the   
,secretary with a certified copy of such
 order4  7#c7  7,a7 ,if a ,state has    
title or is seeking to obtain title     
through a judicial proceeding to an     
applicable savings bond1 the ,secretary 
shall provide to the ,state1 upon       
request1 the serial number of such bond1
 and any reasonably available records or
 information-- 7i7 relating to the      
purchase or ownership of such bond1     
including any transactions involving    
such bond2 or  7ii7 which may provide   

other identifying information relating  
to such bond4  7,b7 ,any records or     
information provided to a ,state        
pursuant to subparagraph 7,a7 shall be  
considered sufficient to enable the     
,state to redeem the applicable savings 
bond for full value1 regardless of      
whether the bond is lost1 stolen1       
destroyed1 mutilated1 defaced1 or       
otherwise not in the possession of the  
,state4  7#d7  7,a7 ,subject to         
subparagraph 7,c71 a ,state may redeem  
and receive payment for an applicable   
savings bond for which the ,state has   
title pursuant to the same procedures   
established pursuant to regulations     
which are available for payment or      
redemption of a savings bond by any     
owner of such bond4  7,b7 ,the          
,secretary may not prescribe any        
regulation which prevents or prohibits a
 ,state from obtaining title to an      
applicable savings bond or redeeming    
such bond pursuant to the procedures    
described in subparagraph 7,a74  7,c7   

,in the case of an applicable savings   
bond which is lost1 stolen1 destroyed1  
mutilated1 defaced1 or otherwise not in 
the possession of the ,state1 if the    
,state has requested records and        
information under paragraph 7#c77;,a71  
any applicable period of limitation for 
payment or redemption of such bond shall
 not begin to run against the ,state    
until the date on which the ,secretary  
has provided the ,state with the records
 and information described in such      
paragraph4  7#e7 7,a7 ,if the ,united   
,states ,government makes payment to a  
,state for an applicable savings bond   
pursuant to paragraph 7#d77;,a7--  7i7  
the ,united ,states ,government shall   
not retain any further obligation or    
liability relating to such bond1        
including any obligation or liability   
with respect to the registered owner of 
such bond 7as described in paragraph    
7#g77;,b772 and  7ii7 such bond shall   
not be redeemable by the ,secretary or  
any paying agent authorized to make     

payments to redeem such bonds4  7#f7    
,this subsection shall apply to an      
applicable savings bond issued before1  
on1 or after the date of the enactment  
of this subsection4  7#g7 ,for purposes 
of this subsection1 the term applicable 
savings bond means a matured savings    
bond1 and all payment of such bond1     
including interest1 that--  7,a7 was    
originally in paper1 paperless1 or      
electronic form2  7,b7 is registered to 
an owner with a last known address      
within a ,state claiming title under a  
valid escheatment order entered after   
,december #ca1 #bjab1 and before        
,january #bjbf2 and  7,c7 has not been  
redeemed by such owner4  4  #c4         
,application to pending enforcement     
actions ,neither the ,attorney ,general 
nor the ,secretary of the ,treasury may 
proceed in any civil action or other    
enforcement proceeding that is pending  
on the date of the enactment of this    
,act that arose out of the efforts of a 
,state to redeem one or more applicable 

savings bonds if the position of the    
,government is inconsistent with the    
amendments made by this ,act4