,,ii  #aac? ,,congress  #a/ ,session    
,s4 #aeig  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #bi1 #bjac ,mr4
 ,moran 7= himself & ,mr4 ,br[n7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to provide = ! use ( sav+s     
promotion raffle products by f9ancial   
in/itutions to enc\rage sav+s1 & = o!r  
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,am]ican ,sav+s ,promotion 
,act4  #b4 ,f9d+s ,congress f9ds t--    
7#a7 ! annual sav+s rate 9 ! ,unit$     
,/ates 0 #d4a p]c5t 9 #bjab2  7#b7 m ?an
 #dj p]c5t ( ,am]ican h\seholds lack !  
sav+s to cov] basic exp5ses = #c mon?s1 
if an unexpect$ ev5t leads to a loss (  
/able income2  7#c7 p]sonal sav+s       
provide ,am]icans ) ! f9ancial res\rces 
to meet future ne$s1 includ+ high]      
education & home[n]%ip1 :ile also       
provid+ a safety net to wea!r unexpect$ 
f9ancial %ocks2  7#d7 prize-l9k$ sav+s  
products are typical sav+s products (f]$

 by f9ancial in/itutions1 l sav+s       
acc\nts1 c]tificates ( deposit1 & sav+s 
bonds1 ) ! add$ feature ( (f]+ *ances to
 w9 prizes bas$ on deposit activity2    
7#e7 ! ,/ate ( ,mi*igan 0 ! fir/ ,/ate  
to all[ cr$it unions to (f] prize-l9k$  
sav+s products1 & 9 #bjji laun*$ ! fir/ 
l>ge-scale prize-l9k$ sav+s product 9 ! 
,unit$ ,/ates2  7#f7 ! ,/ates (         
,connecticut1 ,mi*igan1 ,ma9e1 ,m>yl&1  
,nebraska1 ,nor? ,c>ol9a1 ,rhode ,isl&1 
& ,wa%+ton all h laws t all[ f9ancial   
in/itutions to (f] prize-l9k$ sav+s     
products2  7#g7 9 ! ,/ates ( ,mi*igan & 
,nebraska1 m ?an #db1jjj individuals h  
op5$ prize-l9k$ sav+s acc\nts & sav$ m  
?an #gb1jjj1jjj2  7#h7 prize-l9k$ sav+s 
products h be5 %[n to successfully      
attract non-sav]s1 ! asset poor1 &      
l[-to-mod]ate income gr\ps1 provid+     
individuals ) a new tool to build       
p]sonal sav+s2 &  7#i7 enc\rag+ p]sonal 
sav+s is 9 ! national int]e/ ( ! ,unit$ 
,/ates4  #c4 ,am5dm5t to def9itions (   
lott]y  7a7 ,national banks ,section    

#eacf;,b7c7 ( ! ,revis$ ,/atutes ( !    
,unit$ ,/ates 7#ab ,u4,s4,c4 #be;a7c77  
is am5d$--  7#a7 9 p>agraph 7#b71 by    
ins]t+ 1 o!r ?an a sav+s promotion      
raffle1 be=e :]eby2 &  7#b7 by add+ at !
 end ! foll[+3  7#d7 ,! t]m sav+s       
promotion raffle means a conte/ 9 :i* ! 
sole consid]ation requir$ = a *ance (   
w9n+ designat$ prizes is obta9$ by !    
deposit ( a specifi$ am\nt ( money 9 a  
sav+s acc\nt or o!r sav+s program1 :]e  
ea* ticket or entry has an equal *ance (
 be+ drawn1 su* conte/ be+ subject to   
regulations t may f "t to "t be         
promulgat$ by ! appropriate prud5tial   
regulator 7z def9$ 9 section #ajjb ( !  
,consum] ,f9ancial ,protection ,act (   
#bjaj 7#ab ,u4,s4,c4 #edha774  4  7b7   
,f$]al res]ve banks ,section #i;,a7c7 ( 
! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4    
#cci7;c77 is am5d$--  7#a7 9 p>agraph   
7#b71 by ins]t+ 1 o!r ?an a sav+s       
promotion raffle1 be=e :]eby2 &  7#b7 by
 add+ at ! end ! foll[+3  7#d7 ,! t]m   
sav+s promotion raffle means a conte/ 9 

:i* ! sole consid]ation requir$ = a     
*ance ( w9n+ designat$ prizes is obta9$ 
by ! deposit ( a specifi$ am\nt ( money 
9 a sav+s acc\nt or o!r sav+s program1  
:]e ea* ticket or entry has an equal    
*ance ( be+ drawn1 su* conte/ be+       
subject to regulations t may f "t to "t 
be promulgat$ by ! appropriate prud5tial
 regulator 7z def9$ 9 section #ajjb ( ! 
,consum] ,f9ancial ,protection ,act (   
#bjaj 7#ab ,u4,s4,c4 #edha774  4  7c7   
,insur$ depository in/itutions ,section 
#bj7;c7 ( ! ,f$]al ,deposit ,insurance  
,act 7#ab ,u4,s4,c4 #ahbi;a7c77 is      
am5d$--  7#a7 9 p>agraph 7#b71 by ins]t+
 1 o!r ?an a sav+s promotion raffle1    
be=e :]eby2 &  7#b7 by add+ at ! end !  
foll[+3  7#d7 ,! t]m sav+s promotion    
raffle means a conte/ 9 :i* ! sole      
consid]ation requir$ = a *ance ( w9n+   
designat$ prizes is obta9$ by ! deposit 
( a specifi$ am\nt ( money 9 a sav+s    
acc\nt or o!r sav+s program1 :]e ea*    
ticket or entry has an equal *ance ( be+
 drawn1 su* conte/ be+ subject to       

regulations t may f "t to "t be         
promulgat$ by ! appropriate prud5tial   
regulator 7z def9$ 9 section #ajjb ( !  
,consum] ,f9ancial ,protection ,act (   
#bjaj 7#ab ,u4,s4,c4 #edha774  4  7d7   
,f$]al sav+s & loan associations        
,section #d7;e77#c7 ( ! ,home ,own]s'   
,loan ,act 7#ab ,u4,s4,c4 #adfc7;e77#c77
 is am5d$--  7#a7 9 subp>agraph 7,b71 by
 ins]t+ 1 o!r ?an a sav+s promotion     
raffle1 aft] arrangem5t2 &  7#b7 by add+
 at ! end ! foll[+3  7,d7 ,sav+s        
promotion raffle ,! t]m sav+s promotion 
raffle means a conte/ 9 :i* ! sole      
consid]ation requir$ = a *ance ( w9n+   
designat$ prizes is obta9$ by ! deposit 
( a specifi$ am\nt ( money 9 a sav+s    
acc\nt or o!r sav+s program1 :]e ea*    
ticket or entry has an equal *ance ( be+
 drawn1 su* conte/ be+ subject to       
regulations t may f "t to "t be         
promulgat$ by ! appropriate prud5tial   
regulator 7z def9$ 9 section #ajjb ( !  
,consum] ,f9ancial ,protection ,act (   
#bjaj 7#ab ,u4,s4,c4 #edha774  4  #d4   

,crim9al provisions  7a7 ,9 g5]al ,*apt]
 #fa ( title #ah1 ,unit$ ,/ates ,code1  
is am5d$ by add+ at ! end ! foll[+3     
#acjh4 ,limitation ( applicability  7a7 
,limitation ( applicability ,sections   
#acja1 #acjb1 #acjc1 #acjd1 & #acjf %all
 n apply--  7#a7 to a sav+s promotion   
raffle conduct$ by an insur$ depository 
in/itution or an insur$ cr$it union2 or 
7#b7 to any activity conduct$ 9         
connection ) any su* sav+s promotion    
raffle1 includ+1 )\t limitation1 to !-- 
7,a7 transmission ( any adv]tisem5t1 li/
 ( prizes1 or o!r in=mation conc]n+ !   
sav+s promotion raffle2  7,b7 (f]+1     
facilitation1 & acceptance ( deposits1  
)drawals1 or o!r transactions 9         
connection ) ! sav+s promotion raffle2  
7,c7 transmission ( any in=mation relat+
 to ! sav+s promotion raffle1 includ+   
acc\nt balance & transaction in=mation2 
&  7,d7 deposit or transmission ( prizes
 aw>d$ 9 ! sav+s promotion raffle z well
 z notification or publication !re(4    
7b7 ,def9itions ,9 ?is section--  7#a7 !

 t]m insur$ cr$it union %all h ! mean+  
giv5 ! t]m 9 section #aja ( ! ,f$]al    
,cr$it ,union ,act 7#ab ,u4,s4,c4       
#ageb72  7#b7 ! t]m insur$ depository   
in/itution %all h ! mean+ giv5 ! t]m 9  
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac72 &
  7#c7 ! t]m sav+s promotion raffle     
means a conte/ 9 :i* ! sole consid]ation
 requir$ = a *ance ( w9n+ designat$     
prizes is obta9$ by ! deposit ( a       
specifi$ am\nt ( money 9 a sav+s acc\nt 
or o!r sav+s program1 :]e ea* ticket or 
entry has an equal *ance ( be+ drawn1   
su* conte/ be+ subject to regulations t 
may f "t to "t be promulgat$ by !       
appropriate prud5tial regulator 7z def9$
 9 section #ajjb ( ! ,consum] ,f9ancial 
,protection ,act ( #bjaj 7#ab ,u4,s4,c4 
#edha774  4  7b7 ,te*nical & con=m+     
am5dm5t ,! table ( sections = *apt] #fa 
( title #ah1 ,unit$ ,/ates ,code1 is    
am5d$ by add+ aft] ! item relat+ to     
section #acjg ! foll[+3  #acjh4         
,limitation ( applicability4  4  #e4    

,rackete]+ ,*apt] #ie ( title #ah1      
,unit$ ,/ates ,code1 is am5d$--  7#a7 9 
section #aieb1 by add+ at ! end !       
foll[+3  7e7  7#a7 ,?is section %all n  
apply to a sav+s promotion raffle       
conduct$ by an insur$ depository        
in/itution or an insur$ cr$it union4    
7#b7 ,9 ?is subsection--  7,a7 ! t]m    
insur$ cr$it union %all h ! mean+ giv5 !
 t]m 9 section #aja ( ! ,f$]al ,cr$it   
,union ,act 7#ab ,u4,s4,c4 #ageb72  7,b7
 ! t]m insur$ depository in/itution %all
 h ! mean+ giv5 ! t]m 9 section #c ( !  
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahac72 &  7,c7 ! t]m sav+s   
promotion raffle means a conte/ 9 :i* ! 
sole consid]ation requir$ = a *ance (   
w9n+ designat$ prizes is obta9$ by !    
deposit ( a specifi$ am\nt ( money 9 a  
sav+s acc\nt or o!r sav+s program1 :]e  
ea* ticket or entry has an equal *ance (
 be+ drawn1 su* conte/ be+ subject to   
regulations t may f "t to "t be         
promulgat$ by ! appropriate prud5tial   
regulator 7z def9$ 9 section #ajjb ( !  

,consum] ,f9ancial ,protection ,act (   
#bjaj 7#ab ,u4,s4,c4 #edha774  2  7#b7 9
 section #aiec--  7,a7 9 subsection 7b71
 by /rik+ or 7#e7 & ins]t+ 7#e7         
equipm5t1 tickets1 or mat]ials us$ or   
design$ = use 9 a sav+s promotion raffle
 op]at$ by an insur$ depository         
in/itution or an insur$ cr$it union1 or 
7#f72 &  7,b7 by /rik+ subsections 7d7 &
 7e7 & ins]t+ ! foll[+3  7d7 ,= purposes
 ( ?is section--  7#a7 ! t]m =eign      
c\ntry means any empire1 c\ntry1        
dom9ion1 colony1 or protectorate1 or any
 subdivision !re( 7o!r ?an ! ,unit$     
,/ates1 its t]ritories or possessions72 
7#b7 ! t]m insur$ cr$it union %all h !  
mean+ giv5 ! t]m 9 section #aja ( !     
,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4
 #ageb72  7#c7 ! t]m insur$ depository  
in/itution %all h ! mean+ giv5 ! t]m 9  
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac72  
7#d7 ! t]m lott]y--  7,a7 means ! pool+ 
( proce$s d]iv$ f ! sale ( tickets or   
*ances & allott+ ^? proce$s or p>ts !re(

 by *ance to "o or m *ance tak]s or     
ticket pur*as]s2 &  7,b7 does n include 
! plac+ or accept+ ( bets or wag]s on   
sport+ ev5ts or conte/s2  7#e7 ! t]m    
sav+s promotion raffle means a conte/ 9 
:i* ! sole consid]ation requir$ = a     
*ance ( w9n+ designat$ prizes is obta9$ 
by ! deposit ( a specifi$ am\nt ( money 
9 a sav+s acc\nt or o!r sav+s program1  
:]e ea* ticket or entry has an equal    
*ance ( be+ drawn1 su* conte/ be+       
subject to regulations t may f "t to "t 
be promulgat$ by ! appropriate prud5tial
 regulator 7z def9$ 9 section #ajjb ( ! 
,consum] ,f9ancial ,protection ,act (   
#bjaj 7#ab ,u4,s4,c4 #edha772 &  7#f7 ! 
t]m ,/ate means a ,/ate ( ! ,unit$      
,/ates1 ! ,di/rict ( ,columbia1 !       
,commonweal? ( ,pu]to ,rico1 or any     
t]ritory or possession ( ! ,unit$       
,/ates4  2 &  7#c7 9 section #aiee--    
7,a7 9 subsection 7b7--  7i7 by         
r$esignat+ p>agraph 7#b7 z p>agraph     
7#d72  7ii7 by r$esignat+ p>agraph 7#c7 
z p>agraph 7#f72  7iii7 by ins]t+ aft]  

p>agraph 7#a7 ! foll[+3  7#b7 insur$    
cr$it union %all h ! mean+ giv5 ! t]m 9 
section #aja ( ! ,f$]al ,cr$it ,union   
,act 7#ab ,u4,s4,c4 #ageb74  7#c7 insur$
 depository in/itution %all h ! mean+   
giv5 ! t]m 9 section #c ( ! ,f$]al      
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahac74  2 &  7iv7 by ins]t+ aft]       
p>agraph 7#d71 z r$esignat$1 ! foll[+3  
7#e7 sav+s promotion raffle means a     
conte/ 9 :i* ! sole consid]ation requir$
 = a *ance ( w9n+ designat$ prizes is   
obta9$ by ! deposit ( a specifi$ am\nt (
 money 9 a sav+s acc\nt or o!r sav+s    
program1 :]e ea* ticket or entry has an 
equal *ance ( be+ drawn1 su* conte/ be+ 
subject to regulations t may f "t to "t 
be promulgat$ by ! appropriate prud5tial
 regulator 7z def9$ 9 section #ajjb ( ! 
,consum] ,f9ancial ,protection ,act (   
#bjaj 7#ab ,u4,s4,c4 #edha774  4