American Savings Promotion Act

3.0.0 3374 2023-03-22T18:49:18Z 2023-03-22T18:49:18Z House H HR 2013-10-29 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KILMER:H.R. 3374.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1: ``The Congress shall havePower to lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defense andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States.''Article I, Section 8, Clause 3: ``To regulate Commerce withforeign Nations, and among the several States, and with theIndian Tribes.''Article I, Section 8, Clause 18: ``To make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.''[Page H6902]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Discharged from 2014-12-11T00:50:26Z Referred to 2014-09-16T19:28:42Z hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2014-07-15T13:17:56Z Referred to 2013-10-29T14:02:05Z hsju00 Judiciary Committee House Standing hsju08 Crime and Federal Government Surveillance Subcommittee Referred to 2014-01-09T18:28:28Z Referred to 2013-10-29T14:02:10Z American Savings Promotion Act 113 1597 S 2013-10-29 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Identical bill CRS 2014-12-18 Became Public Law No: 113-251. President E40000 2 House floor actions 2014-12-18 Became Public Law No: 113-251. BecameLaw 36000 9 Library of Congress 2014-12-18 Signed by President. President E30000 2 House floor actions 2014-12-18 Signed by President. BecameLaw 36000 9 Library of Congress 2014-12-12 Presented to President. Floor E20000 2 House floor actions 2014-12-12 Presented to President. President 28000 9 Library of Congress 2014-12-11 Senate Message on Senate action sent to the House. Floor 2014-12-10 Senate Passed Senate without amendment by Unanimous Consent. Floor 2014-12-10 Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. Floor 17000 9 Library of Congress 2014-12-10 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S6580) Discharge 2014-12-10 Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.(consideration: CR S6580) Committee 14500 9 Library of Congress ssbk00 Banking, Housing, and Urban Affairs Committee 2014-09-16 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2014-09-15 20:19:25 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2014-09-15 20:19:22 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7504-7505) Floor H37300 2 House floor actions 2014-09-15 20:19:22 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7504-7505) Floor 8000 9 Library of Congress 2014-09-15 20:11:22 DEBATE - The House proceeded with forty minutes of debate on H.R. 3374. Floor H8D000 2 House floor actions 2014-09-15 20:11:20 Considered under suspension of the rules. (consideration: CR H7504-7506) Floor H30000 2 House floor actions 2014-09-15 20:11:04 Mr. Fitzpatrick moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2014-07-15 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. Committee 2014-01-09 hsju08 Crime and Federal Government Surveillance Subcommittee 1 House committee actions Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations. Committee 2013-10-29 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2013-10-29 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-10-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-10-29 Introduced in House IntroReferral 1000 9 Library of Congress K000381 Rep. Kilmer, Derek [D-WA-6] Derek Kilmer D WA 6 N C001095 Rep. Cotton, Tom [R-AR-4] Tom Cotton R AR 4 2013-10-29 True T000465 Rep. Tsongas, Niki [D-MA-3] Niki Tsongas D MA 3 2013-10-29 True R000586 Rep. Renacci, James B. [R-OH-16] James Renacci R OH B. 16 2013-11-13 False W000806 Rep. Webster, Daniel [R-FL-10] Daniel Webster R FL 10 2013-11-13 False P000595 Rep. Peters, Gary C. [D-MI-14] Gary Peters D MI 14 2013-11-20 False H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2013-11-20 False D000620 Rep. Delaney, John K. [D-MD-6] John Delaney D MD K. 6 2013-11-21 False P000373 Rep. Pitts, Joseph R. [R-PA-16] JOSEPH PITTS R PA R. 16 2013-11-21 False C001083 Rep. Carney, John C., Jr. [D-DE-At Large] John Carney D DE C. 0 2013-12-02 False D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2013-12-10 False H001064 Rep. Heck, Denny [D-WA-10] Denny Heck D WA 10 2014-01-08 False F000454 Rep. Foster, Bill [D-IL-11] Bill Foster D IL 11 2014-01-16 False C000754 Rep. Cooper, Jim [D-TN-5] JAMES COOPER D TN H. 5 2014-02-10 False G000569 Rep. Grimm, Michael G. [R-NY-11] Michael Grimm R NY G. 11 2014-02-10 False K000380 Rep. Kildee, Daniel T. [D-MI-5] Daniel Kildee D MI T. 5 2014-02-10 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2014-02-10 False E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2014-03-04 False P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2014-04-09 False P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2014-05-06 False Y000064 Rep. Young, Todd [R-IN-9] Todd Young R IN C. 9 2014-05-20 False R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2014-05-28 False P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2014-07-07 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2014-07-07 False S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2014-07-07 False H001047 Rep. Himes, James A. [D-CT-4] James Himes D CT A. 4 2014-07-10 False M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2014-07-14 False S000510 Rep. Smith, Adam [D-WA-9] ADAM SMITH D WA 9 2014-07-17 False B001275 Rep. Bucshon, Larry [R-IN-8] Larry Bucshon R IN 8 2014-07-17 False B001284 Rep. Brooks, Susan W. [R-IN-5] Susan Brooks R IN W. 5 2014-07-22 False T000459 Rep. Terry, Lee [R-NE-2] LEE TERRY R NE 2 2014-07-29 False T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2014-09-10 False Public Law 113-251 Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Consumer Financial Protection Bureau Gambling Marketing and advertising Organized crime Postal service Finance and Financial Sector

00 2013-10-29 Introduced in House 2014-01-09T14:59:03Z American Savings Promotion Act - Amends the Revised Statutes of the United States, the Federal Reserve Act, the Federal Deposit Insurance Act, and the Home Owners' Loan Act to authorize covered financial institutions to conduct a contest, known as a "savings promotion raffle," in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or program, where each ticket or entry has an equal chance of being drawn. Subjects such a drawing contest to regulations promulgated by the appropriate prudential regulator.

Excludes such a "savings promotion raffle" from the prohibition against a covered financial institution's dealing in "lottery" tickets.

Amends the federal criminal code to exempt savings promotion raffles conducted by an insured depository institution or an insured credit union from specified prohibitions against interstate and foreign travel or transportation in aid of racketeering enterprises.

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36 2014-09-15 Passed House amended 2014-10-22T14:53:31Z American Savings Promotion Act - Amends the Revised Statutes of the United States, the Federal Reserve Act, the Federal Deposit Insurance Act, and the Home Owners' Loan Act to authorize covered financial institutions to conduct a contest, known as a "savings promotion raffle," in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or program, where each ticket or entry has an equal chance of being drawn. Subjects such a drawing contest to regulations promulgated by the appropriate prudential regulator.

Excludes such a "savings promotion raffle" from the prohibition against a covered financial institution's dealing in "lottery" tickets.

Amends the federal criminal code to exempt: (1) savings promotion raffles conducted by an insured depository institution or an insured credit union from specified prohibitions against interstate and foreign travel or transportation in aid of racketeering enterprises, and (2) any savings promoton raffle from the prohibition against illegal gambling businesses.

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82 2014-12-10 Passed Senate without amendment 2014-12-15T22:12:26Z (This measure has not been amended since it was passed by the House on September 15, 2014. The summary of that version is repeated here.)

American Savings Promotion Act - Amends the Revised Statutes of the United States, the Federal Reserve Act, the Federal Deposit Insurance Act, and the Home Owners' Loan Act to authorize covered financial institutions to conduct a contest, known as a "savings promotion raffle," in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or program, where each ticket or entry has an equal chance of being drawn. Subjects such drawing contest to regulations promulgated by the appropriate prudential regulator.

Excludes such "savings promotion raffle" from the prohibition against a covered financial institution's dealing in "lottery" tickets.

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49 2014-12-18 Public Law 2015-01-05T16:34:55Z (This measure has not been amended since it was passed by the House on September 15, 2014. The summary of that version is repeated here.)

Excludes such "savings promotion raffle" from the prohibition against a covered financial institution's dealing in "lottery" tickets.

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American Savings Promotion Act Display Title American Savings Promotion Act Official Title as Introduced To provide for the use of savings promotion raffle products by financial institutions to encourage savings, and for other purposes. Introduced in House IH Short Titles as Introduced American Savings Promotion Act Short Titles as Passed House American Savings Promotion Act H House Short Titles as Passed Senate American Savings Promotion Act S Senate Short Titles as Enacted American Savings Promotion Act Enrolled Bill https://www.govinfo.gov/content/pkg/BILLS-113hr3374enr/xml/BILLS-113hr3374enr.xml Referred in Senate 2014-09-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr3374rfs/xml/BILLS-113hr3374rfs.xml Engrossed in House 2014-09-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr3374eh/xml/BILLS-113hr3374eh.xml Introduced in House 2013-10-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr3374ih/xml/BILLS-113hr3374ih.xml 2014-12-19T04:59:59Z https://www.govinfo.gov/content/pkg/PLAW-113publ251/uslm/PLAW-113publ251.xml Public Law 2014-12-18 Became Public Law No: 113-251. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.