Fabio
82 lines
5.0 KiB
Markdown
82 lines
5.0 KiB
Markdown
---
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type: "Bill"
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title: "AN ACT TO AMEND TITLES 5 AND 11 OF THE DELAWARE CODE RELATING TO PRIZE-LINKED SAVINGS PROGRAM."
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description: "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."
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jurisdiction: "us/states/de"
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legislature: "Delaware General Assembly"
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session: "149"
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identifier: "HB 31"
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citation: "Delaware HB 31 (149)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Bryan Townsend", "Catherine Cloutier", "Helene M. Keeley", "Sean Matthews"]
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version_count: 1
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action_count: 7
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vote_count: 2
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first_action: "2017-01-11"
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last_action: "2017-05-02"
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source: "openstates"
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source_identifier: "ocd-bill/cea14763-b5cd-4f20-9101-08591c2ecef9"
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source_url: "https://legis.delaware.gov/BillDetail?LegislationId=25379"
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source_hash: "ddf11bd6f1750ac62b8e24388632bbc70e9fe97bfbdd2157edc459260cae5fd1"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-de"]
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---
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# Delaware HB 31 (149) — AN ACT TO AMEND TITLES 5 AND 11 OF THE DELAWARE CODE RELATING TO PRIZE-LINKED SAVINGS PROGRAM.
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Bill Text** (committee substitute) — [source](https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=25379&legislationTypeId=1&docTypeId=2&legislationName=HB31)
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## Votes
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- SM — **20–0** (pass) · upper
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- SM — **38–0** (pass) · lower
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## Sponsors
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- Bryan Townsend — primary (person)
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- Catherine Cloutier — primary (person)
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- Helene M. Keeley — primary (person)
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- Sean Matthews — primary (person)
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- Brian J. Bushweller — cosponsor (person)
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- Bryant L. Richardson — cosponsor (person)
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- Gerald W. Hocker — cosponsor (person)
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- Gregory F. Lavelle — cosponsor (person)
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- Harris B. McDowell — cosponsor (person)
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- John A. Kowalko — cosponsor (person)
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- John L. Mitchell — cosponsor (person)
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- John Walsh — cosponsor (person)
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- Paul S. Baumbach — cosponsor (person)
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- Quinton Johnson — cosponsor (person)
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- Ronald E. Gray — cosponsor (person)
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- Ruth Briggs King — cosponsor (person)
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- Trey Charles Paradee — cosponsor (person)
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- William J. Carson — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2017-01-11** Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House `introduction, referral-committee`
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- **2017-01-18** Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 11 On Its Merits `committee-passage`
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- **2017-03-21** Passed By House. Votes: 38 YES 3 ABSENT `passage`
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- **2017-03-21** Assigned to Banking, Business & Insurance Committee in Senate `introduction, referral-committee`
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- **2017-03-30** Reported Out of Committee (Banking, Business & Insurance) in Senate with 1 Favorable, 3 On Its Merits `committee-passage-favorable, committee-passage`
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- **2017-04-04** Passed By Senate. Votes: 20 YES 1 ABSENT `passage`
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- **2017-05-02** Signed by Governor `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/cea14763-b5cd-4f20-9101-08591c2ecef9`. Confidence: reported (aggregated from official Delaware legislature records).
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