I 
115TH CONGRESS 
2D SESSION 
H. R. 5692 
To require financial institutions to deposit the principal amount of any un-
claimed deposit held by such institutions into interest or dividend-bearing 
accounts, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 7, 2018 
Miss GONZA´LEZ-COLO´N of Puerto Rico introduced the following bill; 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 institu-
tions into interest or dividend-bearing accounts, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Promoting Access to 
Justice through Unclaimed Deposits Act of 2018’’. 
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SEC. 2. REQUIREMENT FOR DEPOSITS OF UNCLAIMED 
FUNDS. 
(a) INTEREST AND DIVIDENDS GENERATED ON UN-
CLAIMED FUNDS.—Each financial institution shall— 
(1) deposit the principal amount of any un-
claimed deposits the financial institution receives or 
holds into an interest or dividend-bearing account; 
and 
(2) transfer any interest or dividend generated 
on such amount to a fund or account of the State— 
(A) in which such financial institution is 
located; and 
(B) into which such State deposits reve-
nues from interest on lawyers trust accounts. 
(b) INTEREST AND DIVIDEND RATE.—Each financial 
institution shall ensure that deposits into each account de-
scribed in subsection (a)(1) earn the highest interest rate 
or dividend generally available to other customers of such 
institution if such account meets the same minimum bal-
ance or other minimum qualification for such interest rate 
or dividend. 
(c) REGULATIONS REQUIRED.—Not later than 90 
days after the date of enactment of this Act, 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 Act. 
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SEC. 3. DEFINITIONS. 
In this Act: 
(1) FINANCIAL
INSTITUTION.—The term ‘‘fi-
nancial institution’’ means— 
(A) a bank, as defined in section 3(a) of 
the Federal Deposit Insurance Act (12 U.S.C. 
1813(a)); or 
(B) a credit union, as defined in section 
101(1) of the Federal Credit Union Act (12 
U.S.C. 1752(1)). 
(2) INTEREST ON LAWYERS TRUST ACCOUNT.— 
The term ‘‘interest on lawyers trust account’’ has 
the meaning given the term in section 207(k)(5)(c) 
of the Federal Credit Union Act (12 U.S.C. 
1787(k)(5)(C)). 
(3) STATE.—The term ‘‘State’’ means any 
State of the United States, the District of Columbia, 
and any territory or possession of the United States. 
(4) UNCLAIMED
DEPOSIT.—The term ‘‘un-
claimed 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 regulation. 
Æ 
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