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United States · Law · HR

H.R. 3374 (113th)

American Savings Promotion Act

enactedUnited States· United States Congress· EN

Introduced

29 October 2013

Last action

18 December 2014 · Became law

Status

Became Public Law No: 113-251.

Sponsors

Rep. Kilmer, Derek [D-WA-6], Sen. Cotton, Tom [R-AR], Rep. Tsongas, Niki [D-MA-3], James Renacci, Rep. Webster, Daniel [R-FL-11], Sen. Peters, Gary C. [D-MI], Rep. Hinojosa, Ruben [D-TX-15], Rep. Delaney, John K. [D-MD-6], Rep. Pitts, Joseph R. [R-PA-16], Rep. Carney, John C., Jr. [D-DE-At Large], Rep. DeFazio, Peter A. [D-OR-4], Rep. Heck, Denny [D-WA-10], Rep. Foster, Bill [D-IL-11], Rep. Cooper, Jim [D-TN-5], Rep. Grimm, Michael G. [R-NY-11], Rep. Kildee, Daniel T. [D-MI-5], Rep. Stivers, Steve [R-OH-15], Rep. Ellison, Keith [D-MN-5], Rep. Pocan, Mark [D-WI-2], Rep. Polis, Jared [D-CO-2], Sen. Young, Todd [R-IN], Rep. Ross, Dennis A. [R-FL-15], Rep. Perlmutter, Ed [D-CO-7], Rep. Moore, Gwen [D-WI-4], Sen. Sinema, Kyrsten [I-AZ], Rep. Himes, James A. [D-CT-4], Rep. Meeks, Gregory W. [D-NY-5], Rep. Smith, Adam [D-WA-9], Rep. Bucshon, Larry [R-IN-8], Rep. Brooks, Susan W. [R-IN-5], Rep. Terry, Lee [R-NE-2], Rep. Takano, Mark [D-CA-39]

Subjects

Discovery layer

Source updated

5 December 2025

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 29 October 2013

    Introduced

    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.

    Source: IntroReferral

  2. 29 October 2013

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 29 October 2013

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 9 January 2014

    Referred

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

    Source: Committee

  5. 15 July 2014

    Committee

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

    Source: Committee

  6. 15 September 2014

    Passed

    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)

    Source: Floor

  7. 15 September 2014

    Floor

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

    Source: Floor

  8. 15 September 2014

    Floor

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

    Source: Floor

  9. 15 September 2014

    Floor

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

    Source: Floor

  10. 15 September 2014

    Passed

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

    Source: Floor

  11. 15 September 2014

    Passed

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

    Source: Floor

  12. 16 September 2014

    Introduced

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

    Source: IntroReferral

  13. 10 December 2014

    Passed

    Passed Senate without amendment by Unanimous Consent.

    Source: Floor

  14. 10 December 2014

    Passed

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

    Source: Floor

  15. 10 December 2014

    Discharge

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

    Source: Discharge

  16. 10 December 2014

    Committee

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

    Source: Committee

  17. 11 December 2014

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  18. 12 December 2014

    Floor

    Presented to President.

    Source: Floor

  19. 12 December 2014

    President

    Presented to President.

    Source: President

  20. 18 December 2014

    Became law

    Signed by President.

    Source: BecameLaw

  21. 18 December 2014

    President

    Signed by President.

    Source: President

  22. 18 December 2014

    Became law

    Became Public Law No: 113-251.

    Source: President

Votes

No vote records are attached yet.

Versions

Documents

14 official files

Enrolled Bill (text)

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  • 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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