109 HR 3048 IH: To require the Secretary of the Treasury to retain indefinitely records (including images) of redeemed savings bonds. U.S. House of Representatives 2005-06-23 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 109th CONGRESS 1st Session H. R. 3048 IN THE HOUSE OF REPRESENTATIVES June 23, 2005 Mr. Frank of Massachusetts introduced the following bill; which was referred to the Committee on Ways and Means A BILL To require the Secretary of the Treasury to retain indefinitely records (including images) of redeemed savings bonds.

1.

Retention of records (including images) of redeemed savings bonds

(a)

In general

Subchapter II of chapter 31 of title 31, United States Code, is amended by adding at the end the following new section:

3131.

Retention of records of redeemed bonds

The Secretary of the Treasury shall retain the records of each bond redeemed under this chapter, including the image of the front and back of each such bond, indefinitely. This information may be stored electronically.

. (b)

Clerical amendment

The analysis for subchapter II of chapter 31 of title 31 of such Code is amended by adding at the end the following new item: Sec. 3131. Retention of records of redeemed bonds . (c)

 Effective date

The amendments made by this section shall apply with respect to any obligation redeemed under chapter 31, United States Code, the image of which has not been destroyed as of the date of the enactment of this Act.