L. 113–251 (text) (PDF)) is a United States federal statute that authorizes some financial institutions to conduct a contest, known as a "savings promotion raffle," in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or program, where each ticket or entry has an equal chance of being drawn.

In October 2013, there were eight states that had laws which allowed banks and credit unions to run contests that rewarded customers who saved money.

[1] The bill excludes such a "savings promotion raffle" from the prohibition against a covered financial institution's dealing in "lottery" tickets.

[1] The bill also amends the federal criminal code to exempt savings promotion raffles conducted by a covered financial institution from specified prohibitions against interstate and foreign travel or transportation in aid of racketeering enterprises.

[1] The American Savings Promotion Act was introduced into the United States House of Representatives on October 29, 2013 by Rep. Derek Kilmer (D, WA-6).