Sign Up
SB 1500 Illinois Senate · 93rd Regular Session

BANKS HOLD OWN STOCK

Summary
Amends the Illinois Banking Act. Excludes from the prohibition against a bank making loans secured by the bank's own securities, the acquisition of its securities, after notice to the Commissioner of Banks and Real Estate, to prevent loss on an existing debt. Effective immediately.
Bill status failed 3 of 5 stages cleared
Introduction
Mar 2003
Committee Review
May 2003
Senate Passage
Mar 2003
House Passage
Governor
Introduced Mar 26, 2003 Last action Jan 11, 2005
Floor votes · Senate Mar 26, 2003

How they voted

46–1
Passed · 2 other
Total votes 49
Mar 26, 2003
D Democratic27
27 Yea
100% Yea
R Republican22
19 Yea 1 Nay 2
86% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
30
Key actions
5
Committee
9
Amendments
6
May 2, 2003
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 2, 2003
Committee
Assigned to Executive Committee
lower
Mar 31, 2003
Committee
Referred to Rules Committee
lower
Mar 26, 2003
Introduced
Arrived in House
lower
Mar 26, 2003
Senate · Passed
Senate Vote: pass (46-1-2)
senate
Mar 25, 2003
Upper · Passed
Senate Floor Amendment No. 2 Adopted; Link
upper
Mar 25, 2003
Introduced
Senate Floor Amendment No. 2 Be Approved for Consideration Financial Institutions; 007-000-000
upper
Mar 24, 2003
Introduced
Senate Floor Amendment No. 2 Rules Refers to Financial Institutions
upper
Mar 20, 2003
Committee
Senate Floor Amendment No. 2 Referred to Rules
upper
Mar 20, 2003
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Terry Link
upper
Mar 6, 2003
Upper · Passed
Do Pass as Amended Financial Institutions; 009-000-000
upper
Mar 6, 2003
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Mar 5, 2003
Upper · Passed
Senate Committee Amendment No. 1 Rules Refers to Financial Institutions
upper
Mar 5, 2003
Committee
Senate Committee Amendment No. 1 Referred to Rules
upper
Mar 5, 2003
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Terry Link
upper
Feb 27, 2003
Committee
Assigned to Financial Institutions
upper
Feb 20, 2003
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.