Depository institutions; authority to sponsor savings promotions. (SB737)

Introduced By

Sen. John Cosgrove (R-Chesapeake) with support from co-patron Del. Marcus Simon (D-Falls Church)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Depository institutions; savings promotions. Authorizes banks, savings institutions, and credit unions to sponsor savings promotions, which are contests or promotions (i) conducted for the purposes of encouraging depositors to build and maintain savings deposits and (ii) in which depositors are provided a chance of winning designated prizes. Read the Bill »


Bill Has Passed


12/16/2014Prefiled and ordered printed; offered 01/14/15 15101709D
12/16/2014Referred to Committee on Commerce and Labor
01/08/2015Impact statement from SCC (SB737)
01/19/2015Reported from Commerce and Labor with amendments (14-Y 0-N) (see vote tally)
01/21/2015Constitutional reading dispensed (38-Y 0-N) (see vote tally)
01/22/2015Read second time
01/22/2015Reading of amendments waived
01/22/2015Committee amendments agreed to
01/22/2015Engrossed by Senate as amended SB737E
01/22/2015Printed as engrossed 15101709D-E
01/23/2015Read third time and passed Senate (40-Y 0-N) (see vote tally)
01/28/2015Impact statement from SCC (SB737E)
01/30/2015Placed on Calendar
01/30/2015Read first time
01/30/2015Referred to Committee on Commerce and Labor
02/10/2015Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
02/11/2015Read second time
02/12/2015Read third time
02/12/2015Passed House BLOCK VOTE (99-Y 0-N)
02/12/2015VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/16/2015Bill text as passed Senate and House (SB737ER)
02/16/2015Impact statement from SCC (SB737ER)
02/16/2015Signed by Speaker
02/19/2015Signed by President
02/20/2015Enrolled Bill Communicated to Governor on 2/20/15
02/20/2015G Governor's Action Deadline Midnight, Friday, February 27, 2015
02/26/2015G Approved by Governor-Chapter 12 (effective 7/1/15)
02/26/2015G Acts of Assembly Chapter text (CHAP0012)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 40 seconds.