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SB 2433 Illinois Senate · 100th Regular Session

CURRENCY EXCHANGE - CHECKS

Summary
Amends the Currency Exchange Act. Defines "government assistance check", "government check", "payroll check", "printed", and "protected class". Provides additional considerations by the Secretary of Financial and Professional Regulation for determining the maximum rate schedules that can be charged for check cashing and writing of money orders by community currency exchanges and ambulatory currency exchanges. Provides that the Department of Financial and Professional Regulation's authority to establish rate schedules for check cashing is subject to specified rate caps. Makes other changes. Effective June 1, 2019.
Bill status signed all 5 stages cleared
Introduction
Apr 2018
Committee Review
May 2018
Senate Passage
May 2018
House Passage
May 2018
Signed into Law
Aug 2018
Introduced Apr 19, 2018 Signed Aug 3, 2018
Floor votes · Senate Apr 19, 2018 · House May 18, 2018

How they voted

43–0
Passed · 5 other
Total votes 48
Apr 19, 2018
D Democratic28
25 Yea 3
89% Yea
R Republican20
18 Yea 2
90% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
76
Key actions
7
Committee
8
Amendments
2
Aug 3, 2018
Signed into law
Governor Approved
upper
May 18, 2018
Upper · Passed
Passed Both Houses
upper
May 8, 2018
Lower · Passed
Do Pass / Short Debate Financial Institutions Committee; 012-000-000
lower
Apr 26, 2018
Committee
Assigned to Financial Institutions Committee
lower
Apr 19, 2018
Committee
Referred to Rules Committee
lower
Apr 19, 2018
Introduced
Arrived in House
lower
Apr 19, 2018
Senate · Passed
Senate Vote: pass (43-0-5)
senate
Apr 11, 2018
Upper · Passed
Do Pass as Amended Financial Institutions; 008-000-000
upper
Apr 11, 2018
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Apr 10, 2018
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
upper
Apr 4, 2018
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Apr 4, 2018
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
upper
Apr 4, 2018
Committee
Assigned to Financial Institutions
upper
Jan 30, 2018
Committee
Referred to Assignments
upper
0 primary · 8 co-sponsors

Sponsors

No sponsor information available.