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SB 3084 Illinois Senate · 100th Regular Session

MONEY TRANSMITTER-SURETY BOND

Summary
Amends the Transmitters of Money Act. Provides that a money transmitter applicant or a money transmitter licensee shall post a bond in the amount of $50,000 or an amount equal to 1% of all Illinois-based activity, whichever is greater (rather than the greater of $100,000 or an amount equal to the daily average of outstanding payment instruments for the preceding 12 months or operational history). Effective immediately.
Bill status failed 3 of 5 stages cleared
Introduction
Apr 2018
Committee Review
Apr 2018
Senate Passage
Apr 2018
House Passage
Governor
Introduced Apr 18, 2018 Last action Jan 9, 2019
Floor votes · Senate Apr 18, 2018

How they voted

46–0
Passed · 2 other
Total votes 48
Apr 18, 2018
D Democratic28
26 Yea 2
92% Yea
R Republican20
20 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
15
Key actions
2
Committee
4
Apr 19, 2018
Committee
Referred to Rules Committee
lower
Apr 18, 2018
Introduced
Arrived in House
lower
Apr 18, 2018
Senate · Passed
Senate Vote: pass (46-0-2)
senate
Mar 1, 2018
Upper · Passed
Do Pass Licensed Activities and Pensions; 010-000-000
upper
Feb 21, 2018
Committee
Assigned to Licensed Activities and Pensions
upper
Feb 15, 2018
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.