"Payroll savings plan administrator"

Sec. 3. As used in this chapter, "payroll savings plan administrator" means an organization that: (1) has been qualified by the Federal Reserve Bank or the Bureau of the Public Debt under 31 CFR Part 317 to sell United States savings bonds; and (2) operates payroll savings plans on behalf of employers for the purchase of United States savings bonds. As added by P.L.141-2005, SEC.27.