[Congressional Record Volume 166, Number 117 (Thursday, June 25, 2020)]
[Senate]
[Page S3463]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  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.''.
                                 ______