Unclaimed Savings Bond Act of 2009
Latest action · Apr 3, 2009 Read twice and referred to the Committee on Finance.
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.
- IntroducedApr 3, 2009
- Passed SenateNot reached
- Passed HouseNot 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 18
Members who signed on, in the order they did. Signatures ran from Apr 3, 2009 to Feb 2, 2010, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-KS | Pat Roberts | Original | Apr 3, 2009 |
| D-VT | Patrick J. Leahy | Original | Apr 3, 2009 |
| D-NE | Ben Nelson | Apr 24, 2009 | |
| R-NE | Mike Johanns | Apr 24, 2009 | |
| D-NM | Jeff Bingaman | May 18, 2009 | |
| R-SD | John Thune | Jun 15, 2009 | |
| R-MS | Roger F. Wicker | Jun 23, 2009 | |
| D-CA | Dianne Feinstein | Jul 22, 2009 | |
| D-CA | Barbara Boxer | Jul 29, 2009 | |
| D-MA | Edward M. Kennedy | Jul 29, 2009 | |
| R-WY | Michael B. Enzi | Oct 21, 2009 | |
| D-SD | Tim Johnson | Oct 28, 2009 | |
| D-OR | Ron Wyden | Nov 5, 2009 | |
| R-ME | Olympia J. Snowe | Dec 3, 2009 | |
| D-LA | Mary L. Landrieu | Jan 27, 2010 |
Actions 2
Everything that happened, newest first.
- Apr 3, 2009Introduced in Senate
- Apr 3, 2009Read twice and referred to the Committee on Finance.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 4198 | Unclaimed Savings Bond Act of 2009 | Identical bill | Dec 3, 2009 |
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
Text 1
Each version as it was printed, newest first.
- Apr 3, 2009Introduced in Senate
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.
