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31 CFR 359.67

§ 359.67 Does Fiscal Service prohibit the issuance of Series I savings bonds in a chain letter scheme?

United States · 31 CFR — Money and Finance: Treasury · Status: effective

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31 CFR 359.67, § 359.67 Does Fiscal Service prohibit the issuance of Series I savings bonds in a chain letter scheme?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/140408
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Full text

We do not permit bonds to be issued in a chain letter or pyramid scheme. We authorize an issuing agent to refuse to issue a bond or accept a purchase order if there is reason to believe that a purchase is connected with a chain letter. The agent's decision is final.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.