<prompt> Human: The American Savings Promotion Act is a bill that has been introduced in both chambers of Congress and has support from across the political spectrum. I figured this was the right subreddit to share with and ask for feedback. Linked below is an article, published today, I wrote with one of the bills House sponsors, Representative Tom Cotton. I hope youll give it a read and share your thoughts.more information: bill text: update: Id first like to thank everyone who commented and provided some support, advice, and criticism. Reddit can be a very powerful tool to enhance democracy. After reviewing most of the comments, it seems that many of the bills critics are saying that this legislation does too little to address poverty, stagnant wages, low interest rates, and more. To that, I say: youre right. This bill is by no means the answer to all of our nations economic problems. It is, however, an idea that can substantially improve one piece of the larger puzzle. Perhaps most importantly, the American Savings Promotion Act has the broad bipartisan political support needed to make it through a divided Congress. While we may not be able to solve everything, that doesnt mean we shouldnt solve anything. If youd like to help, I encourage you to get in touch with your Congressional representatives and ask them to support this legislation. As of today, there are 21 House cosponsors and 3 Senate cosponsors. Lets see if we can increase those numbers. update II: The House of Representatives passed HR3374 on 9142014.  <response>: I like the idea of prize-linked savings accounts, though of course I never would use them myself. They dont get interest but honestly anything that could encourage Americans to save would be great.Freakonomics did a 2-part podcast on them:Part 1: Could a Lottery Be the Answer to Americas Poor Savings Rate?Part 2: Who Could Say No to a No-Lose Lottery? 