3.0.0 1597 2023-01-11T13:23:53Z 2023-01-11T13:23:53Z Senate S S 2013-10-29 113 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2013-10-29T16:11:49Z American Savings Promotion Act 113 3374 HR 2014-12-18 Became Public Law No: 113-251. Identical bill CRS 2013-10-29 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2013-10-29 Introduced in Senate IntroReferral 10000 9 Library of Congress M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS N B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2013-10-29 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2014-02-24 False H.R.3374 https://www.congress.gov/bill/113th-congress/house-bill/3374 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 Senate 2014-01-09T14:59:59Z 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.

]]> American Savings Promotion Act Display Title American Savings Promotion Act Official Title as Introduced A bill to provide for the use of savings promotion raffle products by financial institutions to encourage savings, and for other purposes. Introduced in Senate IS Short Titles as Introduced American Savings Promotion Act Introduced in Senate 2013-10-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s1597is/xml/BILLS-113s1597is.xml 2013-10-29 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.