Most savings bonds have an initial maturity of 20- to 40-years. Kennedy’s speech on Unclaimed Savings Bonds: Video 1, Video 2 S.2417, the Unclaimed Savings Bond Act of 2019, proposes to empower the states to act on behalf of the Bureau to find owners of matured unredeemed savings bonds and facilitate the payment of their claims.Īccess a copy of the legislation as well as sponsorship information: S. The Bureau does not have an active program to locate the bondholders and reunite them with the proceeds of their bonds. Approximately $26 billion in savings bonds have reached final maturity and ceased to pay interest. Treasury’s Bureau of the Public Debt has issued more than six billion savings bonds worth more than $600 billion.
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