Bill
Bill > SB1052
TN SB1052
As introduced, enacts the "Sweepstakes Savings Account Act of Tennessee." - Amends TCA Title 39, Chapter 17, Part 5; Title 39, Chapter 17, Part 6 and Title 45.
summary
Introduced
02/06/2019
02/06/2019
In Committee
Crossed Over
Passed
Dead
06/19/2020
06/19/2020
Introduced Session
111th General Assembly
Bill Summary
As introduced, enacts the "Sweepstakes Savings Account Act of Tennessee." - Amends TCA Title 39, Chapter 17, Part 5; Title 39, Chapter 17, Part 6 and Title 45.
AI Summary
This bill enacts the "Sweepstakes Savings Account Act of Tennessee," which amends the Tennessee Code Annotated to allow financial institutions (banks and credit unions) to conduct "savings promotion sweepstakes." These are promotional drawings where a prize is given away at no charge to participants, who must deposit a specified amount in a savings or share account to be eligible. The bill sets out definitions, requirements for advertising the sweepstakes, and gives the Department of Financial Institutions the authority to promulgate rules governing the conduct and management of these savings promotion sweepstakes.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Passed on Second Consideration, refer to Senate Commerce and Labor Committee (on 02/11/2019)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1052&ga=111 |
| BillText | http://www.capitol.tn.gov/Bills/111/Bill/SB1052.pdf |
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