[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1914 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 1914

  To allow holders of unclaimed Postal Savings System certificates of 
             deposit to file claims for such certificates.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

              March 9 (legislative day, February 22), 1994

   Mr. Simon introduced the following bill; which was read twice and 
               referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
  To allow holders of unclaimed Postal Savings System certificates of 
             deposit to file claims for such certificates.

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

SECTION 1. PAYMENT OF CLAIMS OF HOLDERS OF POSTAL SAVINGS SYSTEM 
              CERTIFICATES.

    Section 1322(c)(3) of title 31, United States Code, is amended by 
striking ``more than one'' and all that follows through the period and 
inserting ``after December 31, 1998.''.

SEC. 2. PUBLICITY REGARDING THE PAYMENT OF CLAIMS.

    (a) Policy of Congress.--It is the policy of the Congress that 
every individual holding unclaimed Postal Savings System certificates 
of deposit should be able to redeem those certificates. Since these 
certificates are more than 26 years old and most of the individuals 
owning the certificates are elderly, it is vital that information 
relating to the ability to file claims pursuant to this Act be 
disseminated as widely as possible.
    (b) Publicity Campaign.--In furtherance of the policy set forth in 
subsection (a), the Secretary of the Treasury shall prepare a plan 
relating to the dissemination of information on the payment of claims 
filed pursuant to this Act. The plan shall be designed so that the 
information will reach those individuals most likely to own Postal 
Savings System certificates of deposit. The Secretary of the Treasury 
shall consult with representatives of senior citizen organizations in 
the design of this plan. The plan shall be put into operation no later 
than 6 months after the date of the enactment of this Act.

SEC. 3. TECHNICAL AMENDMENT.

    Section 1322(c) of title 31, United States Code, is amended by 
striking paragraph (4).

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