American Savings Promotion Act

Summary

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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Documents

14 official files

• Enrolled Bill (text)

  Enrolled Bill · EN

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• Enrolled Bill (PDF)

  Enrolled Bill · EN

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• Public Law (text)

  Public Law · EN · 19 December 2014

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• Public Law (PDF)

  Public Law · EN · 19 December 2014

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• Public Law

  summary · EN · 18 December 2014

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• Passed Senate without amendment

  summary · EN · 10 December 2014

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• Referred in Senate (text)

  Referred in Senate · EN · 16 September 2014

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• Referred in Senate (PDF)

  Referred in Senate · EN · 16 September 2014

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• Engrossed in House (text)

  Engrossed in House · EN · 15 September 2014

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• Engrossed in House (PDF)

  Engrossed in House · EN · 15 September 2014

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• Passed House amended

  summary · EN · 15 September 2014

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• Introduced in House (text)

  Introduced in House · EN · 29 October 2013

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• Introduced in House (PDF)

  Introduced in House · EN · 29 October 2013

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• Introduced in House

  summary · EN · 29 October 2013

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