read builtin is not honoring -t argument

[toddbstein]

Configuration Information [Automatically generated, do not change]:
Machine: x86_64
OS: linux-gnu
Compiler: gcc
Compilation CFLAGS:  -DPROGRAM='bash' -DCONF_HOSTTYPE='x86_64' 
-DCONF_OSTYPE='linux-gnu' -DCONF_MACHTYPE='x86_64-redhat-linux-gnu' 
-DCONF_VENDOR='redhat' -DLOCALEDIR='/usr/share/locale' -DPACKAGE='bash' -DSHELL 
-DHAVE_CONFIG_H   -I.  -I. -I./include -I./lib  -D_GNU_SOURCE -DRECYCLES_PIDS 
-DDEFAULT_PATH_VALUE='/usr/local/bin:/usr/bin'  -O2 -g -pipe -Wall 
-Wp,-D_FORTIFY_SOURCE=2 -fexceptions -fstack-protector 
--param=ssp-buffer-size=4  -m64 -mtune=generic
uname output: Linux tibs6 3.11.10-200.fc19.x86_64 #1 SMP Mon Dec 2 20:28:03 UTC 
2013 x86_64 x86_64 x86_64 GNU/Linux
Machine Type: x86_64-redhat-linux-gnu

Bash Version: 4.2
Patch Level: 45
Release Status: release

Description:
        read builtin is not honoring -t argument

Repeat-By:
        Just run 'read -t1' and note that the behavior seems not different from 
simply running 'read' without arguments.