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Texas House Committee Action on Prize-Linked Savings Accounts
Wednesday, April 5, 2017 6:40 AM

HJR 37 and HB 471, by Rep. Eric Johnson (D-Dallas), which allow credit unions and other financial institutions to offer members chances to receive prizes for adding to their savings accounts, have been voted favorably from the House Investments and Financial Services Committee yesterday on a 6-0 vote.

The Texas Credit Union Association supported both bills and testified at the committee hearing held March 21, 2017. TXCUA also provided Johnson with suggested changes to HB 471 for the committee substitute.

For more information, please contact Texas Credit Union Association President Jeff Huffman at 469-385-6488 or jhuffman@txcua.coop.