Louisiana senator: Treasury to boost work on savings bonds
BATON ROUGE, La. (AP) - Louisiana's U.S. Sen. John Kennedy says the federal Treasury Department will expand its work to pay out nearly $26 billion in unclaimed savings bonds.
The Republican senator pressed the federal agency to do more to get people the money that belongs to them. That includes about $340 million in U.S. savings bonds for people in Louisiana that haven't been paid out.
The Advocate reports that a Treasury Department spokesman confirmed the agency intends to create an online tool letting people to check whether they have unredeemed savings bonds dated after 1974.
The information also will be shared with state treasurers to promote through Unclaimed Property Program websites.
Treasury also has agreed to study how to digitize information on older savings bonds so that information can eventually be shared.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Community leaders gather at old state capitol to condemn police brutality
Over 522,000 Louisianians have received unemployment benefits since pandemic start
La. woman has been fighting COVID-19 for nearly 2 months
Wild video shows moment suspect smashed vehicle into Hammond Target
BRPD motorcycle officer involved in crash on Scenic Highway