HR 3374 113th Congress House 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

American Savings Promotion Act

Introduced: October 29, 2013 See on congress.gov

Everywhere this bill has been 19 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 18, 2014

Became Public Law No: 113-251.

Dec 18, 2014

Signed by President.

Dec 12, 2014

Presented to President.

Dec 11, 2014

Message on Senate action sent to the House.

Dec 10, 2014

Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S6580)

Dec 10, 2014

Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.

Dec 10, 2014

Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.(consideration: CR S6580)

Dec 10, 2014

Passed Senate without amendment by Unanimous Consent.

Sep 16, 2014

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sep 15, 2014

Motion to reconsider laid on the table Agreed to without objection.

Sep 15, 2014

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7504-7505)

Sep 15, 2014

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)

Sep 15, 2014

DEBATE - The House proceeded with forty minutes of debate on H.R. 3374.

Sep 15, 2014

Considered under suspension of the rules. (consideration: CR H7504-7506)

Sep 15, 2014

Mr. Fitzpatrick moved to suspend the rules and pass the bill, as amended.

Jul 15, 2014

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

Jan 9, 2014

Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.

Oct 29, 2013

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.

Oct 29, 2013

Introduced in House

Plain-English summary Congressional Research Service

(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.

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.

What's happening now December 18, 2014

Became Public Law No: 113-251.

Committees of jurisdiction 5