The Bureau of the Fiscal Service, part of the U.S. Department of the Treasury, is implementing new regulations under the SECURE 2.0 Act of 2022. These regulations require the Treasury to provide states with information about unredeemed U.S. savings bonds to help locate their owners. However, the information can only be used for locating bond owners, not for claiming ownership through state escheatment laws, which attempt to take control of unclaimed property. The regulations also include privacy protections and prevent states from publicly sharing the information without Treasury's consent to avoid fraud and misuse.
Simple Explanation
The government wants to help find people who own special bonds they haven't collected yet by sharing information with States, but this info can only be used for finding bond owners and not for keeping the bonds. They also want to keep this info private to stop bad guys from cheating.