88th General Assembly · Iowa Funnel one-pager · Wednesday, November 11, 2026
SSB 1191: SSB 1191
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
Senate subcommittee · named February 21, 2019
- Sen. Chris Cournoyer (R)
- Sen. Claire Celsi (D)
- Sen. Roby Smith (R)
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
- February 21, 2019Senate subcommittee named: Cournoyer, Celsi, Smith and R.
- February 26, 2019Subcommittee 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/SSB1191