2014 House Bill 5412 / Public Act 399

Allow state bank savings promotion raffles

Introduced in the House

March 18, 2014

Introduced by Rep. Nancy Jenkins (R-57)

To allow chartered state banks to offer savings promotion raffles that offer prizes for individuals who enter the raffle by depositing a specified amount.

Referred to the Committee on Financial Services

Sept. 17, 2014

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

Sept. 23, 2014

Substitute offered by Rep. Nancy Jenkins (R-57)

The substitute passed by voice vote

Sept. 24, 2014

Passed in the House 108 to 1 (details)

Received in the Senate

Sept. 30, 2014

Referred to the Committee on Banking and Financial Institutions

Oct. 22, 2014

Reported without amendment

With the recommendation that the bill pass.

Dec. 15, 2014

Passed in the Senate 37 to 1 (details)

To allow chartered state banks to offer savings promotion raffles that offer prizes for individuals who enter the raffle by depositing a specified amount.

Signed by Gov. Rick Snyder

Dec. 24, 2014