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HB 5569 Illinois House · 100th Regular Session

BANKING-VARIOUS

Summary
Amends the Illinois Banking Act and the Savings Bank Act. Replaces "Commissioner" with "Secretary" to update references to the Secretary of Financial and Professional Regulation. Provides that before any person or persons may cause a change of control of a State bank or a savings bank, the Secretary shall be of the opinion and find that the future prospects of the institution will not jeopardize the financial stability of the State bank or the savings bank or prejudice the interests of the depositors of the State bank or the interests of the members of the savings bank. Provides that the provisions of this Act do not apply to an established holding company acquiring control of a State bank or a savings bank if the transaction is subject to approval under specified provisions of federal law. Provides that a State bank or a savings bank may disclose confidential supervisory information to any attorney, accountant, consultant, or other professional as needed to comply with any enforcement action issued by the Secretary. Makes other changes. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2018
Committee Review
Floor Vote
Governor
Introduced Feb 16, 2018 Last action Jan 8, 2019
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
17
Key actions
3
Committee
8
Amendments
3
Apr 27, 2018
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 13, 2018
Lower · Passed
House Floor Amendment No. 2 Recommends Be Adopted Financial Institutions Committee; 010-000-000
lower
Apr 12, 2018
Lower · Passed
House Floor Amendment No. 2 Rules Refers to Financial Institutions Committee
lower
Apr 11, 2018
Committee
House Floor Amendment No. 2 Referred to Rules Committee
lower
Apr 11, 2018
Introduced
House Floor Amendment No. 2 Filed with Clerk by Rep. C.D. Davidsmeyer
lower
Apr 9, 2018
Amended
House Committee Amendment No. 1 Tabled Pursuant to Rule 40
lower
Apr 9, 2018
Lower · Passed
Do Pass / Short Debate Financial Institutions Committee; 010-000-000
lower
Apr 9, 2018
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Apr 9, 2018
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. C.D. Davidsmeyer
lower
Mar 7, 2018
Committee
Assigned to Financial Institutions Committee
lower
Feb 16, 2018
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.