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Prize Linked Savings Accounts Bill Set for Debate in Texas House
Tuesday, May 12, 2015 6:50 AM

HB 1628 by Rep. Eric Johnson (D-Dallas), which would allow prize-linked savings accounts in Texas, has been scheduled on the House consent calendar for May 12, 2015. The bill allows savings promotion raffles to be conducted by credit unions or other financial institutions without running afoul of the anti-raffle laws.

The bill, which is supported by the Texas Credit Union Association, was heard in the House Investments and Financial Services committee several weeks ago.

Contact Jeff Huffman, president, Texas Credit Union Association, at 469-385-6488 or jhuffman@txcua.coop for more information.