To require the Secretary of the Treasury to provide States with information regarding unredeemed matured savings bonds.

SA 1987. Mr. KENNEDY submitted an amendment intended to be proposed
by him to the bill S. 4049, to authorize appropriations for fiscal year
2021 for military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. PROVIDING INFORMATION TO STATES REGARDING
UNDELIVERED SAVINGS BONDS.

Section 3105 of title 31, United States Code, is amended by
adding at the end the following:
``(f)(1) Notwithstanding any other law to the contrary, the
Secretary shall provide each State, as digital or other
electronically searchable forms become available (including
digital images), with sufficient information to identify the
registered owner of any applicable savings bond with a
registration address that is within such State, including the
serial number of the bond, the name and registered address of
such owner, and any registered beneficiaries.
``(2) The Secretary shall prescribe such regulations or
other guidance as may be necessary to carry out the purposes
of this subsection, including rules to--
``(A) protect the privacy of the owners of applicable
savings bonds;
``(B) ensure that any information provided to a State under
this subsection shall be used solely to locate such owners
and assist them in redeeming such bonds with the United
States Treasury; and
``(C) ensure that owners of applicable savings bonds
seeking to redeem such bonds with the United States Treasury
are able to do so in an expeditious manner.
``(3) Not later than 12 months after the date of enactment
of this subsection, and annually thereafter, the Secretary
shall submit to the Committee on Appropriations and the
Committee on Finance of the Senate a report assessing all
efforts to satisfy the requirement under paragraph (1).
``(4) For purposes of this subsection, the term `applicable
savings bond' means a matured and unredeemed savings bond.''.
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