Palonek Reports That The Senate Passes The Leahy-Collins Bill
Every day thousands of people lose track of their bank accounts, cash, stocks, bonds, refunds, safe deposit boxes and gift cards. Edward Palonek of foundmoney.com is helping people just like you reunite with their unclaimed cash.
- (1888PressRelease) November 19, 2010 - It was unanimous, the Senate had passed a bipartisan bill that was sponsored by Senator Patrick J. Leahy [VT] and cosponsored by Senator Daniel K. Akaka [HI] and Senator Susan M. Collins [ME].
This bill will make veterans groups eligible to receive surplus property donations which includes unclaimed property from the federal government.
This new Bill now clears the way for the House of Representatives to consider Formerly Owned Resources for Veterans to Express Thanks for Service Act of 2010 or FOR VETS Act of 2010 - and would include organizations whose membership comprises substantially of veterans among the nonprofit educational or public health institutions or organizations to which federal surplus property shall be transferred through state agencies for purposes of education or public health. These materials include such things as computers, trucks, and home appliances.
The bipartisan FOR VETS Act is supported by the American Legion and the Veterans of Foreign Wars.
The General Services Administration (GSA) currently oversees the distribution of surplus federal property to eligible organizations, such as medical institutions, organizations that support the homeless, universities, and childcare facilities. The Leahy-Collins bill would amend existing law to include veterans groups among the list of groups eligible to apply to receive surplus goods.
"I am pleased with the Senate's quick passage of this bill," said Senator Collins. "We should always look for ways to demonstrate our gratitude for the sacrifices our veterans have made on behalf of our nation. This legislation would allow veterans' groups, which enhance the lives of countless servicemen and women each day, to enjoy the same access to surplus government property that other groups do. It's one more way to say "thank you" to those Americans who have worn the uniform and to their families."
"While it is only a small token of appreciation, this legislation gives back to veterans groups by allowing them access to a large inventory of goods that they could not otherwise access," said Senator Leahy. "I appreciate the Senate acting swiftly to consider this bill. The FOR VETS Act is legislation for and about American veterans."
Senator Collins goes on to say that "we should always look for ways to demonstrate our gratitude for the sacrifices our veterans have made on behalf of our nation. This legislation would help ensure that veterans' groups, which enhance the lives of countless servicemen and women each day, enjoy the same access to surplus government property as other groups. It's one more way to say "thank you" to those Americans who have worn the uniform and to their families."
Said Senator Leahy: "The sacrifices that members of our armed forces make every day for this country cannot be overstated, and I welcome any opportunity to recognize their services. The FOR VETS Act will enable military veterans to receive surplus goods donations through the federal government's property distribution program. Given the surplus of available goods, military veterans' groups are simply being added into this pool of recipients for goods that might otherwise go unused."
According GSA, abandoned or other Unclaimed Property, such as personal property, if not disposed of through independent statutory authority, should be reported to GSA. Abandoned or other unclaimed property may be retained for official use or processed for transfer, donation or disposal. Reimbursement equivalent to the estimated fair market value or actual sales proceeds, less costs of care and handling, must be deposited in a special account by the finding or transferor agency to reimburse former owners if they file a proper claim within three years.
"There is over $32 billion dollars in more than 115 million unclaimed accounts waiting for the rightful owners to come forward and make a claim to some of this money across North America, with the help of websites such as foundmoney.com, re-uniting owners of these lost and forgotten assets couldn't be more fun or easier, says Palonek, founder of Foundmoney.com, who helps reunite people with their lost or forgotten money and was the first company on the Internet to do so.
To search for your name or company name visit FoundMoney.com's website where you may find that unexpected cash.
Contact
Foundmoney at www.foundmoney.com
Edward Palonek at www.edwardpalonek.org
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam