Unclaimed Savings Bond Act of 2009
Latest action · Dec 3, 2009 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedDec 3, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Unclaimed Savings Bond Act of 2009 - Directs the Secretary of the Treasury to conduct a demonstration program to: (1) identify and locate the owners of specified unredeemed U.S. savings bonds; and (2) provide bondholder location and assistance grants to states for the purpose of bond owner location and notification activities.
Requires the Secretary to attempt to locate owners of specified unredeemed savings bonds for which the registered address: (1) is located in a state not participating in the demonstration program in the fiscal year in which such bond would otherwise have been referred to such state; or (2) is not located in any state.
Requires the Secretary to deduct and withhold from the proceeds of any matured outstanding U.S. savings bond, on the later of the date of maturity of such bond or the date of the enactment of this Act, a tax in an amount equal to the applicable percentage of the amount which, if such bond were redeemed, would constitute interest. Includes the deemed interest amount in the bondholder's gross income.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Dec 3, 2009 to May 6, 2010; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NV | Dina Titus | Original | Dec 3, 2009 |
| R-OR | Greg Walden | Original | Dec 3, 2009 |
| R-TX | Kevin Brady | Original | Dec 3, 2009 |
| R-KS | Lynn Jenkins | Original | Dec 3, 2009 |
| R-NE | Adrian Smith | Jan 20, 2010 | |
| D-ME | Chellie Pingree | Jan 27, 2010 | |
| R-NE | Lee Terry | May 6, 2010 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Dec 3, 2009 |
Actions 2
Everything that happened, newest first.
- Dec 3, 2009Introduced in House
- Dec 3, 2009Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 827 | Unclaimed Savings Bond Act of 2009 | Identical bill | Apr 3, 2009 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To establish a program to reunite bondholders with matured unredeemed United States savings bonds.
- Short Titles as Introduced
- Unclaimed Savings Bond Act of 2009
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
Text 1
Each version as it was printed, newest first.
- Dec 3, 2009Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
