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HB 5139 Illinois House · 100th Regular Session

REGULATORY SANDBOX ACT

Summary
Creates the Regulatory Sandbox Act. Creates the regulatory sandbox to enable persons to obtain limited access to the Illinois marketplace in order to test innovations in financial products or services. Provides requirements for approval to enter the regulatory sandbox, the application fee, and approval or denial time. Provides requirements for operating an innovation in the regulatory sandbox and extending a test period. Contains provisions regarding rules and judicial review of the administration of this Act. Makes conforming changes in the State Finance Act. Effective January 1, 2019.
Bill status failed 3 of 5 stages cleared
Introduction
May 2018
Committee Review
May 2018
House Passage
Apr 2018
Senate Passage
Governor
Introduced May 1, 2018 Last action Jan 8, 2019
Floor votes · House Apr 27, 2018

How they voted

85–3
Passed · 16 other
Total votes 104
Apr 27, 2018
D Democratic61
50 Yea 3 Nay 8
81% Yea
R Republican43
35 Yea 8
81% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
34
Key actions
6
Committee
11
Amendments
4
May 11, 2018
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
May 10, 2018
Upper · Passed
Do Pass Licensed Activities and Pensions; 004-006-000
upper
May 2, 2018
Committee
Assigned to Licensed Activities and Pensions
upper
May 1, 2018
Committee
Referred to Assignments
upper
May 1, 2018
Introduced
Arrive in Senate
upper
Apr 27, 2018
Amended
House Floor Amendment No. 1 Tabled Pursuant to Rule 40
lower
Apr 27, 2018
Lower · Passed
House Floor Amendment No. 2 Adopted
lower
Apr 27, 2018
House · Passed
House Vote: pass (85-3-16)
house
Apr 25, 2018
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted Cybersecurity, Data Analytics, & IT Committee; 008-001-001
lower
Apr 24, 2018
Lower · Passed
House Floor Amendment No. 2 Rules Refers to Cybersecurity, Data Analytics, & IT Committee
lower
Apr 23, 2018
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
Apr 23, 2018
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. David S. Olsen
lower
Apr 11, 2018
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
Apr 11, 2018
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. David S. Olsen
lower
Mar 8, 2018
Lower · Passed
Do Pass / Short Debate Cybersecurity, Data Analytics, & IT Committee; 009-000-000
lower
Feb 26, 2018
Committee
Assigned to Cybersecurity, Data Analytics, & IT Committee
lower
Feb 16, 2018
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.