Escheat Rule Agreement

GGD-95-116R: Mar 27, 1995

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Shirley A. Jones
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Office of Public Affairs
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Pursuant to a congressional request, GAO reviewed certain issues associated with the proposed Equitable Escheatment Act. GAO noted that: (1) since the introduction of the act, the principal recipients of the disputed funds have agreed to pay the remaining 47 states and the District of Columbia part of the unclaimed funds; (2) in return, the intervening parties have agreed not to pursue or support legislation to change current escheat rules; (3) a Supreme Court decision held that the unclaimed securities distributions should escheat to the state in which the financial intermediary is incorporated; and (4) the proposed legislation would have adopted a special master's recommendation that the distributions should escheat to the state in which the security's issuer has its principle domestic executive office.

Mar 22, 2018

Mar 20, 2018

Mar 19, 2018

  • Ampcus, Inc.
    We deny the protest.
  • AMAR Health IT, LLC
    We dismiss the protest because our Office does not have jurisdiction to entertain protests of task orders issued under civilian agency multiple-award, indefinite-delivery, indefinite-quantity (IDIQ) contracts that are valued at less than $10 million.
  • Centurum, Inc.--Costs
    We grant the request.

Mar 15, 2018

  • ORBIS Sibro, Inc.
    We sustain the protest in part and deny it in part.

Mar 14, 2018

Mar 13, 2018

  • Interoperability Clearinghouse
    We dismiss the protest because the protester, a not-for-profit entity, is not an interested party to challenge this sole-source award to an Alaska Native Corporation under the Small Business Administration's (SBA) 8(a) program.

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