other · Fiscal Service · Rule · Published 2024-12-18 · Effective 2024-12-18 · 89 FR 102735
Document
Document number
2024-29988
Federal Register citation
89 FR 102735
CFR reference
31 CFR 323
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Fiscal Service
Publication date
2024-12-18
Effective date
2024-12-18
Treasury docket
FISCAL-2023-0002
Abstract
The Bureau of the Fiscal Service (Fiscal Service) within the Department of the Treasury (Treasury) is issuing regulations to implement statutory requirements under the SECURE 2.0 Act of 2022 that require Treasury to provide certain U.S. savings bond information to States. A State receiving the information with respect to an applicable savings bond may use the information to locate the owner of the bond pursuant to Treasury's regulations and the State's own standards and requirements under abandoned property rules and regulations of the State. Under the SECURE 2.0 Act of 2022, Treasury is required to issue regulations or guidance to protect the privacy of savings bond owners, prevent fraud, and ensure that information disclosed to a State is used solely to locate savings bond owners.