,,ii  #aafth ,,congress  #ast ,session  
,s4 #bdag  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #a1    
#bjai ,mr4 ,kennedy 7for himself1 ,mr4  
,moran1 and ,mr4 ,cassidy7 introduced   
the following bill2 which was read twice
 and referred to the ,committee on      
,finance  ,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 ,payment to ,states with 
title to undelivered savings bonds      
,section #caje of title #ca1 ,united    
,states ,code1 is amended by adding at  
the end the following3  7f7 7#a7 ,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--  7,a7 such order is     
entered after ,december #ca1 #bjab1 and 

before ,january #a1 #bjbf2 and  7,b7 the
 ,state provides the ,secretary with a  
certified copy of such order4  7#b7 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 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 the serial number or 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#c7 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#b77;,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#d7 7,a7 ,if the ,united   

,states ,government makes payment to a  
,state for an applicable savings bond   
pursuant to paragraph 7#c77;,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#e77;,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#e7    
,for purposes of this subsection1 the   
term applicable savings bond means a    
matured savings bond1 and all payment of
 such bond1 including interest1 for     
which such bond--  7,a7 was originally  
in paper1 paperless1 or electronic form2
  7,b7 is registered to an owner with a 
last known address that is within the   
,state described in paragraph 7#a72 and 
7,c7 has not been redeemed by such      
owner4  4