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ILLINOIS TREASURER MICHAEL FRERICHS IS URGING CONGRESS AND THE PRESIDENT TO HELP REUNITE PEOPLE WITH OLD SAVINGS BONDS. 

 

THE U-S TREASURY HAS A RECORD OF ALL BOND RECIPIENTS AND WHEN THEY STOPPED EARNING INTEREST SAYS TREASURER FRERICHS.

 

 

UNDER CURRENT LAW, FRERICHS SAYS THE TREASURY IS NOT MANDATED TO TRACK DOWN BOND OWNERS. 

 

ILLINOIS CONGRESSMAN DANNY DAVIS IS SPONSORING LEGISLATION REQUIRING THE FEDERAL GOVERNMENT TO RELEASE THE BONDS TO INDIVIDUAL STATES, SO THEY CAN EVENTUALLY BE RETURNED.  IT’S ESTIMATED THERE ARE ABOUT A BILLION DOLLARS IN BONDS DUE ILLINOISANS.

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