{"longTitle":"A Bill to make provision for, and in connection with, using money from dormant bank and building society accounts for social or environmental purposes.","summary":"<p>This Bill provides the legal and administrative framework for distributing assets from dormant cash accounts.  Dormant is defined in the Bill as a period of 15 years during which the customer has not initiated any activity on an account. Assets will be distributed by the Big Lottery Fund on a national basis.  </p><p><strong>Key areas</strong></p><ul><li>In England, the assets will be spent with three aims in mind: providing opportunities for young people; improving financial capability and supporting institutions involved in social lending </li><li>The relevant Devolved Authority will set the priorities for other countries </li><li>Individuals will retain their rights to any accounts that have been distributed, if they make subsequent claims.</li></ul>","sponsors":[{"member":{"memberId":987,"name":"Lord Davies of Oldham","party":"Labour","partyColour":"d50000","house":"Lords","memberPhoto":"https://members-api.parliament.uk/api/Members/987/Thumbnail","memberPage":"https://members.parliament.uk/member/987/contact","memberFrom":"Life peer"},"organisation":{"name":"HM Treasury","url":"https://www.gov.uk/government/organisations/hm-treasury"},"sortOrder":1},{"member":{"memberId":491,"name":"Angela Eagle","party":"Labour","partyColour":"d50000","house":"Commons","memberPhoto":"https://members-api.parliament.uk/api/Members/491/Thumbnail","memberPage":"https://members.parliament.uk/member/491/contact","memberFrom":"Wallasey"},"organisation":{"name":"HM Treasury","url":"https://www.gov.uk/government/organisations/hm-treasury"},"sortOrder":2}],"promoters":[],"petitioningPeriod":null,"petitionInformation":null,"agent":null,"billId":187,"shortTitle":"Dormant Bank and Building Society Accounts Act 2008","formerShortTitle":null,"currentHouse":"Unassigned","originatingHouse":"Lords","lastUpdate":"2009-02-25T12:01:56","billWithdrawn":null,"isDefeated":false,"billTypeId":1,"introducedSessionId":21,"includedSessionIds":[21],"isAct":true,"currentStage":{"id":1934,"stageId":11,"sessionId":21,"description":"Royal Assent","abbreviation":"RA","house":"Unassigned","stageSittings":[{"id":1801,"stageId":11,"billStageId":1934,"billId":187,"date":"2008-11-26T00:00:00"}],"sortOrder":16}}