HB 742 Illinois House · 104th Regular Session

REGULATION-TECH

HB 742 makes a technical amendment to the Illinois Banking Act. Specifically, it modifies a section related to the short title of the Act.

Bill status signed all 5 stages cleared

Introduction

Apr 2025

Committee Review

Jun 2025

House Passage

Jun 2025

Senate Passage

Jun 2025

Signed into Law

Jun 2025

Introduced Apr 10, 2025 Signed Jun 16, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed → Enrolled · 3 edits · Jun 16, 2025

MINOR

The bill text was converted from the 'Engrossed' version to the 'Enrolled' version, which is the final form ready for the Governor's signature. The substantive policy content regarding digital asset regulations remains unchanged, but the effective dates for specific articles were updated to reflect the final legislative timeline.

Scope change

The scope of the bill's applicability remains the same; no new entities are included or excluded, and no regulatory requirements were added or removed.

TECHNICAL

The header was updated from 'Engrossed' to 'Enrolled', indicating the bill has passed all legislative stages and is final.

Minor formatting adjustments were made to the spacing and line breaks throughout the text to align with official enrolled standards.

TIMELINE

The effective date section was updated to clarify that most of the bill takes effect upon becoming law, while specific articles (such as those regarding consumer protection and licensing) have fixed future start dates ranging from July 2024 to July 2026.

Floor votes · Senate May 31, 2025 · House Apr 10, 2025

How they voted

51–4

Passed · 3 other

Total votes 58

May 31, 2025

D Democratic39

36 Yea 3

92% Yea

R Republican19

15 Yea 4 Nay

78% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

101

Key actions

Committee

Amendments

Jun 16, 2025

Signed into law

Governor Approved

lower

Jun 1, 2025

Lower · Passed

Passed Both Houses

lower

Jun 1, 2025

Introduced

Senate Floor Amendment No. 1 House Concurs 103-009-000

lower

Jun 1, 2025

Introduced

Motion Filed to Suspend House Rule(s) for Immediate Consideration Rep. Robyn Gabel

lower

Jun 1, 2025

Lower · Passed

Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000

lower

Jun 1, 2025

Committee

Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee

lower

Jun 1, 2025

Introduced

Senate Floor Amendment No. 1 Motion Filed Concur Rep. Margaret Croke

lower

Jun 1, 2025

Introduced

Placed on Calendar Order of Concurrence Senate Amendment(s) 1

lower

Jun 1, 2025

Introduced

Arrived in House

lower

Jun 1, 2025

Upper · Passed

Third Reading - Passed; 052-004-000

upper

Jun 1, 2025

Upper · Passed

Senate Floor Amendment No. 1 Adopted; Walker

upper

May 31, 2025

Introduced

Senate Floor Amendment No. 1 Be Approved for Consideration Assignments

upper

May 31, 2025

Committee

Senate Floor Amendment No. 1 Referred to Assignments

upper

May 31, 2025

Introduced

Senate Floor Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker

upper

May 31, 2025

Senate · Passed

Senate Vote: pass (51-4-3)

senate

May 15, 2025

Upper · Passed

Do Pass Executive; 009-004-000

upper

May 9, 2025

Upper · Passed

Rule 2-10 Committee Deadline Established As May 23, 2025

upper

Apr 29, 2025

Committee

Assigned to Executive

upper

Apr 14, 2025

Committee

Referred to Assignments

upper

Apr 14, 2025

Introduced

Arrive in Senate

upper

Apr 10, 2025

Introduced

Motion Filed to Reconsider Vote Rep. John M. Cabello

lower

Apr 10, 2025

Amended

House Floor Amendment No. 1 Tabled

lower

Apr 10, 2025

Lower · Passed

Third Reading - Short Debate - Passed 074-037-001

lower

Apr 10, 2025

Lower · Passed

House Floor Amendment No. 2 Adopted

lower

Apr 8, 2025

Lower · Passed

House Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000

lower

Apr 7, 2025

Lower · Passed

House Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee

lower

Apr 7, 2025

Committee

House Floor Amendment No. 2 Referred to Rules Committee

lower

Apr 7, 2025

Introduced

House Floor Amendment No. 2 Filed with Clerk by Rep. Edgar González, Jr.

lower

Mar 25, 2025

Lower · Passed

House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee

lower

Mar 20, 2025

Committee

House Floor Amendment No. 1 Referred to Rules Committee

lower

Mar 20, 2025

Introduced

House Floor Amendment No. 1 Filed with Clerk by Rep. Edgar González, Jr.

lower

Mar 12, 2025

Lower · Passed

Do Pass / Short Debate Executive Committee; 012-000-000

lower

2 primary · 45 co-sponsors