,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #fafb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #bb1        
#bjaf,mr4 ,tipton introduc$ ! foll[+    
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to am5d 
! ,f$]al ,deposit ,insurance ,act to    
ensure t prepaid funds deposit$ 9 an    
insur$ depository in/itution satisfy !  
requirem5ts ( ! prim>y purpose exclusion
 to ! def9ition ( deposit brok]1 & = o!r
 purposes4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,protect ,prepaid       
,acc\nts ,act ( #bjaf4  #b4 ,limit$     
exclusion = prepaid c>d deposits  7a7 ,9
 g5]al ,section #bi ( ! ,f$]al ,deposit 
,insurance ,act 7#ab ,u4,s4,c4 #ahca;f7 
is am5d$ by add+ at ! end ! foll[+ new  
subsection3  7i7 ,limit$ exclusion =    
prepaid c>d deposits  7#a7 ,9 g5]al     
,prepaid funds deposit$ by an ag5t or   
nom9ee 9 an insur$ depository in/itution
 %all satisfy ! requirem5ts ( ! prim>y  
purpose exclusion to ! def9ition (      
deposit brok] set =? 9 subsection       

7g77#b77;,i7 ( ?is section1 unless su*  
ag5t or nom9ee controls ! deposits & has
 ! contractual "r to cause ! transf] (  
su* deposits f ! insur$ depository      
in/itution !n hold+ ! deposits to ano!r 
insur$ depository in/itution select$ by 
su* ag5t or nom9ee4  7#b7 ,def9itions ,9
 ?is subsection1 ! foll[+ def9itions    
%all apply3 7,a7 ,prepaid funds ,! t]m  
prepaid funds means--  7i7 funds        
deposit$ ?r\gh a prepaid program 7z     
def9$ 9 #ajaj4ajj7;ff77#d77;iii7 ( title
 #ca1 ,code ( ,f$]al ,regulations72 or  
7ii7 funds available f a c>d1 code1 or  
o!r device t is n o!rwise an acc\nt 7z  
def9$ 9 #ajje4b7;b77#a7 ( title #ca1    
,code ( ,f$]al ,regulations7 t is       
e/abli%$ prim>ily = p]sonal1 h\sehold1  
or family purposes1 :]e su* c>d1 code1  
or o!r device is--  7,i7 issu$ on a     
prepaid basis to a consum] 9 a specifi$ 
am\nt1 or is n issu$ on a prepaid basis 
b capable ( be+ load$ ) funds !reaft]2 &
  7,,ii7 r$eemable at multiple          
unaffiliat$ m]*ants = goods or s]vices1 

usable at automat$ tell] ma*9es1 or     
usable = p]son-to-p]son transf]s4  4    
7b7 ,applicability ,no?+ 9 ?is ,act or !
 am5dm5t made by ?is ,act %all be       
con/ru$ to limit ! application ( any    
provision ( ! ,f$]al ,deposit ,insurance
 ,act1 o!r ?an section #bi ( su* ,act   
7#ab ,u4,s4,c4 #ahca;f71 to an insur$   
depository in/itution 7z def9$ 9 section
 #c7;c7 ( su* ,act 7#ab ,u4,s4,c4       
#ahac7;c7774