Stat. Comp. Sec. 3 — AMENDMENT TO DEFINITIONS OF “LOT…

## SEC. 3 AMENDMENT TO DEFINITIONS OF “LOTTERY” ###

(a)National Banks Section 5136B(c) of the Revised Statutes of the United States (12 U.S.C. 25a(c)) is amended— ####

(1)in paragraph (2), by inserting “, other than a savings promotion raffle,” before “whereby”; and ####

(2)by adding at the end the following: > > #### “(4) > > The term ‘savings promotion raffle’ means a contest in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or other savings program, where each ticket or entry has an equal chance of being drawn, such contest being subject to regulations that may from time to time be promulgated by the appropriate prudential regulator (as defined in section 1002 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5481)).” > . ###

(b)Federal Reserve Banks Section 9A(c) of the Federal Reserve Act (12 U.S.C. 339(c)) is amended— ####

(1)in paragraph (2), by inserting “, other than a savings promotion raffle,” before “whereby”; and ####

(2)by adding at the end the following: > > #### “(4) > > The term ‘savings promotion raffle’ means a contest in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or other savings program, where each ticket or entry has an equal chance of being drawn, such contest being subject to regulations that may from time to time be promulgated by the appropriate prudential regulator (as defined in section 1002 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5481)).” > . ###

(c)Insured Depository Institutions Section 20(c) of the Federal Deposit Insurance Act (12 U.S.C. 1829a(c)) is amended— ####

(1)in paragraph (2), by inserting “, other than a savings promotion raffle,” before “whereby”; and ####

(2)by adding at the end the following: > > #### “(4) > > The term ‘savings promotion raffle’ means a contest in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or other savings program, where each ticket or entry has an equal chance of being drawn, such contest being subject to regulations that may from time to time be promulgated by the appropriate prudential regulator (as defined in section 1002 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5481)).” > . ###

(d)Federal Savings and Loan Associations Section 4(e)(3) of the Home Owners’ Loan Act (12 U.S.C. 1463(e)(3)) is amended— ####

(1)in subparagraph (B), by inserting “, other than a savings promotion raffle,” after “arrangement”; and ####

(2)by adding at the end the following: > > ##### “(D) Savings promotion raffle > > The term ‘savings promotion raffle’ means a contest in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or other savings program, where each ticket or entry has an equal chance of being drawn, such contest being subject to regulations that may from time to time be promulgated by the appropriate prudential regulator (as defined in section 1002 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5481)).” > .

Sec. 3. AMENDMENT TO DEFINITIONS OF “LOTTERY”