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(vii) any deposit or other transaction 
with a depository institution (as defined in 
section 3(c) of the Federal Deposit Insur-
ance Act); 
(viii) any participation in a simulation 
sports game or an educational game or 
contest that—
(I) is not dependent solely on the 
outcome of any single sporting event 
or nonparticipant’s singular individual 
performance in any single sporting 
event; 
(II) has an outcome that reflects 
the relative knowledge and skill of the 
participants with such outcome deter-
mined predominantly by accumulated 
statistical results of sporting events; 
and 
(III) offers a prize or award to a 
participant that is established in ad-
vance of the game or contest and is 
not determined by the number of par-
ticipants or the amount of any fees 
paid by those participants; and
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(ix) any lawful transaction with a 
business licensed or authorized by a State. 
(3) 
DESIGNATED
PAYMENT
SYSTEM
DE-
FINED.—The term ‘‘designated payment system’’ 
means any system utilized by any creditor, credit 
card issuer, financial institution, operator of a ter-
minal at which an electronic fund transfer may be 
initiated, money transmitting business, or inter-
national, national, regional, or local network utilized 
to effect a credit transaction, electronic fund trans-
fer, or money transmitting service, or any partici-
pant in such network, that the Federal functional 
regulators determine, by regulation or order, could 
be utilized in connection with, or to facilitate, any 
restricted transaction. 
(4) FEDERAL FUNCTIONAL REGULATOR.—The 
term ‘‘Federal functional regulator’’ has the same 
meaning as in section 509(2) of the Gramm-Leach-
Bliley Act. 
(5) INTERNET.—The term ‘‘Internet’’ means 
the international computer network of interoperable 
packet switched data networks. 
(6) UNLAWFUL
INTERNET
GAMBLING.—The 
term ‘‘unlawful Internet gambling’’ means to place, 
receive, or otherwise transmit a bet or wager by any
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means which involves the use, at least in part, of the 
Internet where such bet or wager is unlawful under 
any applicable Federal or State law in the State in 
which the bet or wager is initiated, received, or oth-
erwise made. 
(7) OTHER TERMS.—
(A) CREDIT; 
CREDITOR; 
AND
CREDIT 
CARD.—The terms ‘‘credit’’, ‘‘creditor’’, and 
‘‘credit card’’ have the meanings given such 
terms in section 103 of the Truth in Lending 
Act. 
(B) ELECTRONIC FUND TRANSFER.—The 
term ‘‘electronic fund transfer’’—
(i) has the meaning given such term 
in section 903 of the Electronic Fund 
Transfer Act; and 
(ii) includes any fund transfer covered 
by Article 4A of the Uniform Commercial 
Code, as in effect in any State. 
(C) FINANCIAL
INSTITUTION.—The term 
‘‘financial institution’’—
(i) has the meaning given such term 
in section 903 of the Electronic Fund 
Transfer Act; and
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(ii) includes any financial institution, 
as defined in section 509(3) of the 
Gramm-Leach-Bliley Act. 
(D) MONEY TRANSMITTING BUSINESS AND 
MONEY
TRANSMITTING
SERVICE.—The terms 
‘‘money transmitting business’’ and ‘‘money 
transmitting service’’ have the meanings given 
such terms in section 5330(d) of title 31, 
United States Code. 
SEC. 5. COMMON SENSE RULE OF CONSTRUCTION. 
No provision of this Act shall be construed as alter-
ing, limiting, extending, changing the status of, or other-
wise affecting any law relating to, affecting, or regulating 
gambling within the United States.
Passed the House of Representatives June 10, 2003. 
Attest: 
JEFF TRANDAHL, 
Clerk.