Introduced by Rep. Aric Nesbitt (R) on April 26, 2012 To reduce from 10 years to five years the time that the holder of unclaimed property must retain records of the property after it is presumed to have been abandoned. Official Text and Analysis.
Referred to the House Commerce Committee on April 26, 2012
Reported in the House on May 22, 2012 With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on May 30, 2012
The substitute passed by voice vote in the House on May 30, 2012