Indiana House Bill 1235 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 13 2014 - 100% progression
Action: 2014-03-25 - Signed by the President Pro Tempore
Text: Latest bill text (Enrolled) [PDF]

Defines an "eligible depository financial institution" as a credit union that is organized or reorganized under Indiana law. Allows an eligible depository financial institution to offer and conduct a prize linked savings program that: (1) is associated with one or more qualified accounts or qualified financial programs offered by the eligible depository financial institution; and (2) offers eligible individuals one or more chances to win specified prizes. Specifies certain conditions that a prize linked savings program must meet. Provides that a prize linked savings program must allow an eligible individual to obtain an entry to win a prize only by doing either or both of the following: (1) Depositing a minimum specified amount in a qualified account. (2) Participating in one or more qualified financial programs. Provides that a prize linked savings program must be approved by: (1) the director of the department of financial institutions (director); and (2) the eligible depository financial institution's board of directors; before it is offered or promoted to eligible individuals. Permits the director to: (1) adopt rules, policies, or guidance; and (2) exercise certain enforcement powers; with respect to the conduct of prize linked savings programs by eligible depository financial institutions. Specifies that Indiana Code provisions concerning charity gaming, promotional gifts and contests, and criminal gambling do not apply to a prize linked savings program that is offered or conducted by: (1) an eligible financial institution under the new provisions; or (2) a federal credit union if the prize linked savings program is conducted by the federal credit union in the same manner as a prize linked savings program under the new provisions.

Prize linked savings programs.

Rep. Gail Riecken [D]

Sen. Eric Koch [R]

Rep. Charles Burton [R]

Rep. Justin Moed [D]

2014-03-12 - Senate - Senate - Conference Committee Report 1 adopted (Y: 32 N: 13 NV: 3 Abs: 2) [PASS]
2014-03-12 - House - House - Rules Suspended. Conference Committee Report 1 adopted (Y: 97 N: 0 NV: 1 Abs: 2) [PASS]
2014-03-04 - Senate - Senate Floor - (Y: 43 N: 4 NV: 1 Abs: 2) [PASS]
2014-02-20 - Senate - Senate Committee on Financial Institutions - Roll Call 123502 (Y: 6 N: 0 NV: 0 Abs: 0) [PASS]
2014-01-28 - House - House - Third reading: passed (Y: 94 N: 0 NV: 1 Abs: 5) [PASS]
2014-01-22 - House - House Committee on Financial Institutions - Roll Call 123501 (Y: 12 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2014-03-25	House	Signed by the President Pro Tempore
2014-03-25	House	Signed by the Governor
2014-03-18	Senate	Signed by the President of the Senate
2014-03-13	House	Signed by the Speaker
2014-03-13	House	Public Law 135
2014-03-12	House	Rules Suspended. Conference Committee Report 1 adopted; Roll Call 456: yeas 97 and nays 0
2014-03-12	Senate	Conference Committee Report 1 adopted; Roll Call 399: yeas 32 and nays 13
2014-03-06	Senate	Senator Alting added as advisor
2014-03-06	Senate	Senator Mrvan added as advisor
2014-03-06	Senate	Senator Leising added as advisor
2014-03-06	Senate	Senator Taylor added as conferee
2014-03-06	Senate	Senator Holdman added as conferee
2014-03-06	House	Representative Moed added as advisor
2014-03-06	House	Representative Koch added as advisor
2014-03-06	House	Representative Burton added as advisor
2014-03-06	House	Representative Riecken added as conferee
2014-03-06	House	Representative Dermody added as conferee
2014-03-05	House	House dissented from Senate Amendments
2014-03-04	Senate	Third reading: Passed: Roll Call 318: yeas 43 and nays 4
2014-03-04	Senate	Returned to the House with amendments
2014-03-03	Senate	Senator Leising added third sponsor.
2014-03-03	Senate	Second reading: amended, ordered engrossed.
2014-03-03	Senate	HB 1235 Amendment #2 (Leising), prevailed.
2014-02-20	Senate	Committee report: do pass, adopted.
2014-02-04	Senate	First Reading: Referred to Financial Institutions
2014-01-28	House	Referred to the Senate
2014-01-28	House	Third reading: Passed: Roll Call 88: yeas 94 and nays 0
2014-01-28	House	Senator Taylor added as second sponsor.
2014-01-28	House	Senator Holdman added as sponsor.
2014-01-27	House	Second reading: engrossed
2014-01-23	House	Committee report: amend do pass, adopted.
2014-01-14	House	First Reading: Referred to Financial Institutions
2014-01-14	House	Coauthored by Representatives Koch, Burton, Moed
2014-01-13	House	Authored by Representative Riecken.

Type	Source
Summary	https://iga.in.gov/legislative/2014/bills/house/1235/details
Text	http://iga.in.gov/static-documents/2/3/7/3/23734b5d/HB1235.01.INTR.pdf
Text	http://iga.in.gov/static-documents/c/1/0/6/c1068fe6/HB1235.02.COMH.pdf
Text	http://iga.in.gov/static-documents/1/1/2/f/112fe699/HB1235.01.INTR.pdf
Text	http://iga.in.gov/static-documents/4/7/f/f/47ffb3cf/HB1235.02.COMH.pdf
Text	http://iga.in.gov/static-documents/f/7/7/8/f778df31/HB1235.03.COMS.pdf
Text	http://iga.in.gov/static-documents/a/9/3/2/a9323b66/HB1235.03.COMS.pdf
Text	http://iga.in.gov/static-documents/1/4/c/4/14c468a3/HB1235.04.ENGS.pdf
Text	http://iga.in.gov/static-documents/f/a/2/c/fa2cbbbb/HB1235.04.ENGS.pdf
Text	http://iga.in.gov/static-documents/3/7/0/e/370ed7b8/HB1235.05.ENRH.pdf
Roll Call	http://iga.in.gov/static-documents/7/3/a/4/73a489ad/HB1235.01.INTR.pdf
Roll Call	http://iga.in.gov/static-documents/9/f/b/e/9fbef51b/HB1235.02.COMH.88.pdf
Roll Call	http://iga.in.gov/static-documents/4/d/d/b/4ddbbbfb/HB1235.02.COMH.pdf
Roll Call	http://iga.in.gov/static-documents/7/b/b/7/7bb7a4be/HB1235.04.ENGS.318.pdf
Roll Call	http://iga.in.gov/static-documents/6/0/5/1/6051048e/HB1235.04.ENGS.456.pdf
Roll Call	http://iga.in.gov/static-documents/c/c/1/8/cc18ec41/HB1235.04.ENGS.399.pdf