HOUSE BILL No. 5518


     December 12, 2001, Introduced by Reps. McConico, Koetje, Toy, Julian, Bishop, Caul, Van Woerkom, Mead, Gosselin, Gilbert, Faunce, Meyer,
Hummel, Woronchak, Birkholz, Newell, Voorhees, Tabor, Rocca, Neumann, Bernero, Middaugh, George, Bisbee, Shackleton, Richardville, Lockwood,
Ruth Johnson, Schauer, Ehardt, Kowall, Pumford, Jelinek, Allen, Pestka, Basham, Sheltrown, DeVuyst, Callahan, Rivet, Hager, Shulman, Kuipers,
Zelenko, Lipsey, Raczkowski, Phillips, Frank, Jacobs, Whitmer, Cassis and Pappageorge and referred to the Committee on Insurance and Financial
Services.


        A bill to amend 1980 PA 307, entitled

   "Savings and loan act of 1980,"

   (MCL 491.102 to 491.1202) by adding section 1135.

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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           SEC. 1135.  (1) IF A PERSON OR ORGANIZATION HAS RECEIVED A

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      TERRORIST DESIGNATION UNDER SECTION 219 OF CHAPTER 2 OF TITLE II

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      OF THE IMMIGRATION AND NATIONALITY ACT, CHAPTER 477, 110

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      STAT. 1248, 8 U.S.C. 1189, AN ASSOCIATION SHALL FREEZE ALL FUNDS

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      AND ASSETS DEPOSITED WITH OR HELD BY THE ASSOCIATION ON BEHALF OF

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      THAT PERSON OR ORGANIZATION.

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           (2) UPON APPLICATION BY THE ATTORNEY GENERAL, A COURT MAY

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      ORDER AN ASSOCIATION TO FREEZE ALL FUNDS AND ASSETS DEPOSITED

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      WITH OR HELD BY THE ASSOCIATION ON BEHALF OF AN ACCOUNT HOLDER

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      THE ATTORNEY GENERAL HAS PROBABLE CAUSE TO BELIEVE HAS COMMITTED

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      OR IS ABOUT TO COMMIT A TERRORIST ACT OR AN ACCOUNT HOLDER


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      INVOLVED WITH PROVIDING MATERIAL SUPPORT OR RESOURCES TO ANOTHER

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      PERSON WHO HAS COMMITTED OR IS ABOUT TO COMMIT A TERRORIST ACT.

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           (3) AS USED IN THIS SECTION:

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           (A) "MATERIAL SUPPORT OR RESOURCES" MEANS ANY KIND OF FINAN-

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      CIAL SUPPORT, LODGING, TRAINING, FALSE DOCUMENTATION, COMMUNICA-

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      TION EQUIPMENT, WEAPONS, TRANSPORTATION, OR ANY OTHER ASSET OR

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      RESOURCE.

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           (B) "TERRORIST ACT" MEANS ANY UNLAWFUL ACT INVOLVING THE USE

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      OF ANY WEAPON, DEVICE, OR INSTRUMENT TO CAUSE INJURY OR DAMAGE TO

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      PERSONS OR PROPERTY FOR POLITICAL OR FINANCIAL GAIN OR TO CAUSE

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      THE IMPAIRMENT OR INTERRUPTION OF PUBLIC COMMUNICATIONS, TRANS-

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      PORTATION, UTILITIES, OR ANY OTHER PUBLIC SERVICE.
































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