Americans to be reunited unclaimed savings bonds

President Donald Trump has issued an executive order based on Sen. John Kennedy’s (R-La.) legislation requiring the Treasury Secretary to provide states with information to help their residents claim approximately $26 billion in unredeemed savings bonds.

“Government is always delighted to collect taxes, but it’s not often that Big Brother goes out of its way to reunite people with their hard-earned money. I’m thankful that the president’s executive order does just that by making the government pay up on matured savings bonds, even if the original investors have passed away.

“People in Louisiana and all over the country are pinching pennies to make it through this pandemic. It’s common sense and basic decency that the Treasury would help men and women find unclaimed savings bonds that rightfully belong to them and their families, and they can thank President Trump for this massive step forward. I look forward to seeing the Treasury right this wrong—right away,” said Kennedy.

 

 

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