88th General Assembly · Iowa Funnel one-pager · Wednesday, November 11, 2026
HSB 62: HSB 62
Died when the session ended · The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.
What it does
This bill allows a financial institution or multiple financial institutions to conduct savings promotion drawings without a license under specified conditions. The bill defines “financial institution” to mean a state or federally chartered credit union or bank which is located in Iowa. The bill defines “savings promotion drawing” to mean a drawing conducted by a financial institution or group of financial institutions in which a designated prize or prizes may be won by the deposit of a specified amount of money in a savings account, time deposit, or other savings program.
Sponsors
Not listed
Cost
No fiscal note
House subcommittee · named January 29, 2020
- Rep. Shannon Lundgren (R) · shannon.lundgren@legis.iowa.gov
- Rep. Jacob Bossman (R) · jacob.bossman@legis.iowa.gov
- Rep. Amy Nielsen (D) · amy.nielsen@legis.iowa.gov
Lobbying · 3 for, 2 against
For: Iowa Credit Union League; Iowa Institute for Cooperatives; United Way of Central Iowa
Against: Community Bankers of Iowa; Iowa Bankers Association
In plain words
- January 24, 2019House subcommittee named: Sorensen, Bacon and Cohoon
- January 29, 2020House subcommittee named: Lundgren, Bossman and Nielsen
- February 12, 2020Subcommittee recommended passing it with changes
From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Wednesday, November 11, 2026. https://iowafunnel.com/bills/88/HSB62