Delaware House Bill 31 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Slight Partisan Bill (Democrat 12-6)
Status: Passed on May 2 2017 - 100% progression
Action: 2017-05-02 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

This bill authorizes the use of prize-linked savings accounts in the State of Delaware. These accounts have been used in a number of countries and several U.S. states to promote savings, especially among persons with low-income and first-time savers. A deposit into the program makes the entrant eligible for a prize. The principal in the account remains untouched. The first large-scale program of this nature in the U.S. was launched in Michigan about 6 years ago, and the program has subsequently expanded to Nebraska, North Carolina and Washington. At the end of 2014, federal legislation was passed allowing federally charted banks and credit unions to offer this type of savings account in any state that does not prohibit it. This bill explicitly authorizes such programs in Delaware and clarifies that such programs do not constitute prohibited gambling or lottery practices.

An Act To Amend Titles 5 And 11 Of The Delaware Code Relating To Prize-linked Savings Program.

Rep. Sean Matthews [D]	Sen. Catherine Cloutier [R]	Sen. Bryan Townsend [D]	Rep. Helene Keeley [D]
Sen. Brian Bushweller [D]	Sen. Gerald Hocker [R]	Sen. Gregory Lavelle [R]	Sen. Harris McDowell [D]
Sen. Bryant Richardson [R]	Sen. Jack Walsh [D]	Rep. Paul Baumbach [D]	Rep. Ruth Briggs King [R]
Rep. William Carson [D]	Rep. Ronald Gray [R]	Rep. Quinton Johnson [D]	Rep. John Kowalko [D]
Rep. John Mitchell [D]	Sen. Charles Paradee [D]

2017-04-04 - Senate - Senate Third Reading (Y: 20 N: 0 NV: 0 Abs: 1) [PASS]
2017-03-21 - House - House Third Reading (Y: 38 N: 0 NV: 0 Abs: 3) [PASS]

Date	Chamber	Action
2017-05-02		Signed by Governor
2017-04-04	Senate	Passed By Senate. Votes: 20 YES 1 ABSENT
2017-03-30	Senate	Reported Out of Committee (Banking, Business & Insurance) in Senate with 1 Favorable, 3 On Its Merits
2017-03-21	Senate	Assigned to Banking, Business & Insurance Committee in Senate
2017-03-21	House	Passed By House. Votes: 38 YES 3 ABSENT
2017-01-18	House	Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 11 On Its Merits
2017-01-11	House	Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House

Type	Source
Summary	http://legis.delaware.gov/BillDetail?LegislationId=25379
Text	http://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=25379&legislationTypeId=1&docTypeId=2&legislationName=HB31
Roll Call	http://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#18330
Roll Call	http://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#18410