,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #efib  ,,in ,,the ,,house ,,of  
,,representatives  ,may #g1 #bjah,miss  
,gonzlez-,coln of ,puerto ,rico         
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
require financial institutions to       
deposit the principal amount of any     
unclaimed deposit held by such          
institutions into interest or           
dividend-bearing accounts1 and for other
 purposes4  #a4 ,short title ,this ,act 
may be cited as the ,promoting ,access  
to ,justice through ,unclaimed ,deposits
 ,act of #bjah4  #b4 ,requirement for   
deposits of unclaimed funds  7a7        
,interest and dividends generated on    
unclaimed funds ,each financial         
institution shall--  7#a7 deposit the   
principal amount of any unclaimed       
deposits the financial institution      
receives or holds into an interest or   
dividend-bearing account2 and  7#b7     
transfer any interest or dividend       

generated on such amount to a fund or   
account of the ,state-- 7,a7 in which   
such financial institution is located2  
and  7,b7 into which such ,state        
deposits revenues from interest on      
lawyers trust accounts4  7b7 ,interest  
and dividend ,rate ,each financial      
institution shall ensure that deposits  
into each account described in          
subsection 7a77#a7 earn the highest     
interest rate or dividend generally     
available to other customers of such    
institution if such account meets the   
same minimum balance or other minimum   
qualification for such interest rate or 
dividend4  7c7 ,regulations required    
,not later than #ij days after the date 
of enactment of this ,act1 the ,federal 
,deposit ,insurance ,corporation and the
 ,chairman of the ,national ,credit     
,union ,administration shall promulgate 
such rules as may be necessary to carry 
out this ,act4  #c4 ,definitions ,in    
this ,act3 7#a7 ,financial institution  
,the term financial institution means-- 

7,a7 a bank1 as defined in section      
#c7;a7 of the ,federal ,deposit         
,insurance ,act 7#ab ,u4,s4,c4          
#ahac7;a772 or  7,b7 a credit union1 as 
defined in section #aja7a7 of the       
,federal ,credit ,union ,act 7#ab       
,u4,s4,c4 #ageb7a774  7#b7 ,interest on 
lawyers trust account ,the term interest
 on lawyers trust account has the       
meaning given the term in section       
#bjg7k77#e77;c7 of the ,federal ,credit 
,union ,act 7#ab ,u4,s4,c4              
#aghg7k77#e77;,c774  7#c7 ,state ,the   
term ,state means any ,state of the     
,united ,states1 the ,district of       
,columbia1 and any territory or         
possession of the ,united ,states4  7#d7
 ,unclaimed deposit ,the term unclaimed 
deposit means a deposit in the          
possession of a financial institution in
 a deposit account which has become     
inactive or abandoned pursuant to ,state
 law or regulation4