,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #djhe  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #bc1 #bjba,mr4  
,e/es 7= himself1 ,mr4 ,danny ,k4 ,davis
 ( ,ill9ois1 ,mr4 ,la,hood1 ,mr4 ,l>son 
( ,connecticut1 ,mrs4 ,walorski1 ,mr4   
,k9d1 ,mrs4 ,wagn]1 ,mr4 ,pascrell1 ,mr4
 ,timmons1 ,mr4 ,bey]1 ,mr4 ,norman1    
,mr4 ,panetta1 & ,mr4 ,hors=d7 introduc$
 ! foll[+ bill2 :i* 0 ref]r$ to !       
,committee on ,ways & ,means  ,a ,,bill 
,to all[ = ! transf] & r$emption (      
ab&on$ sav+s bonds4  #a4 ,%ort title    
,?is ,act may be cit$ z ! ,unclaim$     
,sav+s ,bond ,act ( #bjba4  #b4 ,f9d+s  
,congress f9ds ! foll[+3 7#a7 ,t5s (    
billions ( doll>s' wor? ( sav+s bonds h 
nev] be5 r$eem$ by _! own]s1 includ+    
millions ( bonds t matur$ ye>s & ev5    
decades ago4 ,! ,dep>tm5t ( ! ,treasury 
ref]s to ^! bonds z ,matur$ ,unr$eem$   
,debt 7,,mud74  7#b7 ,! ,unit$ ,/ates   
sav+s bond program 0 creat$ to fund     
critical gov]nm5t op]ations dur+ times (
 national ne$ :ile gu>antee+ to citiz5s 

! promise ( a safe return4  7#c7 ,!     
,/ates are ! traditional cu/odians (    
ab&on$ prop]ty & are be/ position$ to   
help own]s ( ab&on$ bonds recov] !      
proce$s ( _! inve/m5t4  7#d7 ,until     
ab&on$ prop]ty is claim$1 ! ,/ates are  
able to devote unclaim$ funds to ! heal?
 & welf>e ( _! citiz5s4  7#e7 ,all[+    
,/ates to utilize ! proce$s ( ab&on$    
sav+s bonds provides !m ) liquidity & ! 
ability to s]ve _! citiz5s )\t increas+ 
! ,f$]al deficit4  #c4 ,transf] &       
r$emption ( ab&on$ sav+s bonds ,section 
#caje ( title #ca1 ,unit$ ,/ates ,code1 
is am5d$ by add+ at ! end ! foll[+3  7f7
 7#a7 ,not)/&+ any o!r ,f$]al law1 !    
own]%ip ( an applicable sav+s bond may  
be transf]r$ pursuant to a valid judgm5t
 ( es*eatm5t ve/+ a ,/ate ) title to !  
bond4 ,no?+ 9 ?is section1 or 9 any     
regulation promulgat$ by ! ,secret>y to 
implem5t ?is section1 may be con/ru$ to 
preempt ,/ate law provid+ =1 or gov]n+ !
 es*eatm5t (1 applicable sav+s bonds4   
7#b7 ,! ,secret>y %all recognize an ord]

 ( a c\rt ( compet5t jurisdiction t ve/s
 title to an applicable sav+s bond ) a  
,/ate1 reg>dless ( :e!r ! ,/ate has     
possession ( su* bond if ! ,/ate        
provides ! ,secret>y ) a c]tifi$ copy ( 
su* ord]4  7#c7 7,a7 ,if a ,/ate has    
title or is seek+ to obta9 title ?r\gh a
 judicial proce$+ to an applicable sav+s
 bond1 ! ,secret>y %all provide to !    
,/ate1 ^u reque/1 ! s]ial numb] ( su*   
bond1 & any reasonably available records
 or in=mation-- 7i7 relat+ to ! pur*ase 
or own]%ip ( su* bond1 includ+ any      
transactions involv+ su* bond2 or  7ii7 
:i* may provide o!r id5tify+ in=mation  
relat+ to su* bond4  7,b7 ,any records  
or in=mation provid$ to a ,/ate pursuant
 to subp>agraph 7,a7 %all be consid]$   
suffici5t to enable ! ,/ate to r$eem !  
applicable sav+s bond = full value1     
reg>dless :e!r ! bond is lo/1 /ol51     
de/roy$1 mutilat$1 defac$1 or o!rwise n 
9 ! ,/ate's possession4  7#d7 7,a7      
,subject to subp>agraph 7,c71 a ,/ate   
may r$eem & receive paym5t = an         

applicable sav+s bond = :i* ! ,/ate has 
title pursuant to ! same proc$ures      
e/abli%$ pursuant to regulations :i* are
 available = paym5t or r$emption ( a    
sav+s bond by any own] ( su* bond4  7,b7
 ,! ,secret>y may n prescribe any       
regulation :i* prev5ts or prohibits a   
,/ate f obta9+ title to an applicable   
sav+s bond or r$eem+ su* bond pursuant  
to ! proc$ures describ$ 9 subp>agraph   
7,a74  7,c7 ,9 ! case ( an applicable   
sav+s bond :i* is lo/1 /ol51 de/roy$1   
mutilat$1 defac$1 or o!rwise n 9 !      
possession ( ! ,/ate1 if ! ,/ate has    
reque/$ records & in=mation "u p>agraph 
7#c77;,a71 any applicable p]iod (       
limitation = paym5t or r$emption ( su*  
bond %all n beg9 to run aga9/ ! ,/ate   
until ! date on :i* ! ,secret>y has     
provid$ ! ,/ate ) ! records & in=mation 
describ$ 9 su* p>agraph4  7#e7 ,if !    
,unit$ ,/ates ,gov]nm5t makes paym5t to 
a ,/ate = an applicable sav+s bond      
pursuant to p>agraph 7#d7-- 7,a7 t ,/ate
 %all attempt to locate ! orig9al own] (

 ea* su* bond regi/]$ ) an address 9 t  
,/ate pursuant to ! same /&>ds &        
requirem5ts z exi/ "u t ,/ate's ab&on$  
prop]ty rules & regulations2  7,b7      
except z provid$ 9 subp>agraph 7,c71 !  
,unit$ ,/ates ,gov]nm5t %all n reta9 any
 fur!r obligation or liability relat+ to
 su* bond1 includ+ any obligation or    
liability ) respect to ! regi/]$ own] ( 
su* bond 7z describ$ 9 p>agraph 7#f772  
7,c7 %\ld a ,/ate t receives paym5t = an
 applicable sav+s bond pursuant to      
p>agraph 7#d7 fail to make paym5t to a  
regi/]$ own] ( su* bond 7z describ$ 9   
p>agraph 7#f77;,b77 aft] pres5tm5t ( a  
valid claim ( own]%ip pursuant to t     
,/ate's ab&on$ prop]ty rules &          
regulations1 su* own] may !n seek       
r$emption ( _! bond ?r\gh ! ,secret>y or
 any pay+ ag5t au?oriz$ by ! ,unit$     
,/ates ,gov]nm5t to make paym5ts to     
r$eem su* bonds1 & x %all be paid2 &    
7,d7 :]e ! ,unit$ ,/ates ,gov]nm5t has  
made paym5t ( an applicable sav+s bond  
"u subp>agraph 7,c71 ! respective ,/ate 

%all indemnify ! ,unit$ ,/ates = paym5ts
 made on su* bond4  7#f7 ,= purposes (  
?is subsection1 ! t]m applicable sav+s  
bond means any ,unit$ ,/ates sav+s bond 
t-- 7,a7 matur$ on or be=e ,decemb] #ca1
 #bjag2  7,b7 is regi/]$ to an own] ) a 
la/ kn[n address )9 a ,/ate claim+ title
 "u a valid es*eatm5t ord] ent]$ aft]   
,decemb] #ca1 #bjab1 & be=e ,janu>y     
#bjbf2 &  7,c7 has n be5 r$eem$ by su*  
own]4  4