[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 465 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 465

 To authorize the Secretary of the Treasury to enter into contracts to 
 procure services for locating Federal amounts in dormant accounts in 
                        financial institutions.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 1993

Mr. Lewis of Florida introduced the following bill; which was referred 
               to the Committee on Government Operations

_______________________________________________________________________

                                 A BILL


 
 To authorize the Secretary of the Treasury to enter into contracts to 
 procure services for locating Federal amounts in dormant accounts in 
                        financial institutions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CONTRACTS FOR LOCATION OF FEDERAL AMOUNTS IN DORMANT 
              ACCOUNTS.

    (a) In General.--Notwithstanding any other provision of law and 
subject to subsections (b) and (c), the Secretary of the Treasury may 
enter contracts to procure services for locating Federal amounts in 
dormant accounts in financial institutions.
    (b) Payments.--Payments to a contractor under this section shall be 
limited to a percentage of Federal amounts in dormant accounts located 
by the contractor pursuant to the contract, as such percentage is 
specified in the contract.
    (c) Procedure.--Title III of the Federal Property and 
Administrative Services Act of 1949 (41 U.S.C. 251 et seq.) shall apply 
to procurements conducted pursuant to this section.

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