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SB 1332 Illinois Senate · 101st Regular Session

ILLINOIS BANK ON INITIATIVE

Summary
Amends the State Comptroller Act. Creates the Illinois Bank On Initiative to increase the use of Certified Financial Products and reduce reliance on alternative financial products. Provides that the Illinois Bank On Initiative shall be administered by the Comptroller, and the Comptroller shall be responsible for specified ongoing activities of the Initiative. Creates the Illinois Bank On Initiative Commission and provides for membership of the Commission. Provides for requirements and duties of the Commission. Requires the Comptroller and the Commission to annually prepare and make available on the Controller's website a report concerning the progress of the Illinois Bank On Initiative. Provides that the Comptroller may adopt rules necessary to implement provisions concerning the Illinois Bank On Initiative and Commission. Defines terms. Effective immediately. Senate Floor Amendment No. 2 Modifies the membership requirements of the Illinois Bank On Initiative Commission. Modifies the definition of "Certified Financial Product" and defines "financial institution".
Bill status signed all 5 stages cleared
Introduction
Apr 2019
Committee Review
May 2019
Senate Passage
May 2019
House Passage
May 2019
Signed into Law
Aug 2019
Introduced Apr 4, 2019 Signed Aug 19, 2019
Floor votes · Senate Apr 4, 2019 · House May 22, 2019

How they voted

42–0
Passed · 6 other
Total votes 48
Apr 4, 2019
D Democratic30
28 Yea 2
93% Yea
R Republican18
14 Yea 4
77% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
84
Key actions
6
Committee
8
Amendments
8
Aug 19, 2019
Signed into law
Governor Approved
upper
May 22, 2019
Upper · Passed
Passed Both Houses
upper
May 1, 2019
Lower · Passed
Do Pass / Short Debate State Government Administration Committee; 010-000-000
lower
Apr 24, 2019
Committee
Assigned to State Government Administration Committee
lower
Apr 4, 2019
Committee
Referred to Rules Committee
lower
Apr 4, 2019
Introduced
Arrived in House
lower
Apr 4, 2019
Amended
Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
upper
Apr 4, 2019
Senate · Passed
Senate Vote: pass (42-0-6)
senate
Mar 20, 2019
Upper · Passed
Senate Floor Amendment No. 2 Adopted; Castro
upper
Mar 20, 2019
Introduced
Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 007-000-000
upper
Mar 20, 2019
Introduced
Senate Floor Amendment No. 1 Postponed - Financial Institutions
upper
Mar 19, 2019
Introduced
Senate Floor Amendment No. 2 Assignments Refers to Financial Institutions
upper
Mar 15, 2019
Committee
Senate Floor Amendment No. 2 Referred to Assignments
upper
Mar 15, 2019
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Cristina Castro
upper
Mar 13, 2019
Introduced
Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
upper
Mar 12, 2019
Committee
Senate Floor Amendment No. 1 Referred to Assignments
upper
Mar 12, 2019
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Cristina Castro
upper
Feb 20, 2019
Upper · Passed
Do Pass Financial Institutions; 009-000-000
upper
Feb 13, 2019
Committee
Assigned to Financial Institutions
upper
Feb 7, 2019
Committee
Referred to Assignments
upper
0 primary · 48 co-sponsors

Sponsors

No sponsor information available.