MISLEADING PRACTICES PENALTY
Summary
Amends the Illinois Banking Act. In provisions concerning the penalty for misleading practices and names, changes the civil penalty that may be imposed to the maximum amount otherwise permitted under specified provisions, $100,000 for each violation (rather than $10,000 for each violation). Provides that the remedies provided in those provisions are in addition to, not to the exclusion of, any other remedies available under the law. Defines terms. Makes other changes.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 7, 2025
Last action Apr 11, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
14
Key actions
3
Committee
6
Amendments
2
Apr 11, 2025
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 18, 2025
Lower · Passed
Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 008-004-000
lower
Mar 18, 2025
Lower · Passed
House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote
lower
Mar 12, 2025
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
lower
Mar 11, 2025
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 11, 2025
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Margaret Croke
lower
Mar 11, 2025
Committee
Assigned to Financial Institutions and Licensing Committee
lower
Feb 18, 2025
Committee
Referred to Rules Committee
lower
1 primary · 1 co-sponsor
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 3553
Scope: IL
Hi! I can help you understand HB 3553. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline