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SB 2710 Illinois Senate · 93rd Regular Session

FIN REG-OUT OF STATE BANKS

Summary
Amends the Illinois Banking Act. Provides that no out-of-state bank and no national bank whose main banking premises located outside of Illinois may establish a branch in Illinois unless the out-of-state or national bank obtains a certificate of authority and a written confirmation from the Commissioner of Banks and Real Estate in the manner provided in this Section. Provides that out-of-state banks or national banks with main banking premises in a state other than Illinois may merge with Illinois banks subject to certain conditions. In provisions pertaining to the power of the Banks and Trust Companies Board, provides that the Board may make recommendations to the Commissioner regarding whether the laws of another state are reciprocal with the laws of Illinois. Requires the Commissioner to report to the Board if the Commissioner determines whether the laws of another state are reciprocal with the laws of Illinois.
Bill status signed all 5 stages cleared
Introduction
Mar 2004
Committee Review
May 2004
Senate Passage
May 2004
House Passage
May 2004
Signed into Law
Aug 2004
Introduced Mar 29, 2004 Signed Aug 20, 2004
Floor votes · Senate May 25, 2004 · House May 11, 2004

How they voted

43–0
Passed · 2 other
Total votes 45
May 25, 2004
D Democratic25
25 Yea
100% Yea
R Republican20
18 Yea 2
90% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
49
Key actions
10
Committee
13
Amendments
9
Aug 20, 2004
Signed into law
Governor Approved
upper
May 25, 2004
Upper · Passed
Passed Both Houses
upper
May 25, 2004
Upper · Passed
House Committee Amendment No. 1 Senate Concurs 057-000-000
upper
May 25, 2004
Upper · Passed
House Committee Amendment No. 1 Motion to Concur Be Adopted Financial Institutions; 007-000-000
upper
May 20, 2004
Committee
House Committee Amendment No. 1 Motion to Concur Rules Referred to Financial Institutions
upper
May 13, 2004
Committee
House Committee Amendment No. 1 Motion to Concur Referred to Rules
upper
May 11, 2004
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 01-May 12, 2004.
upper
May 11, 2004
Introduced
Secretary's Desk - Concurrence House Amendment(s) 01
upper
May 11, 2004
House · Passed
House Vote: pass (88-0-5)
house
Apr 28, 2004
Lower · Passed
Do Pass as Amended / Short Debate Financial Institutions Committee; 011-000-000
lower
Apr 28, 2004
Lower · Passed
House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
lower
Apr 28, 2004
Introduced
House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
lower
Apr 20, 2004
Committee
Assigned to Financial Institutions Committee
lower
Mar 29, 2004
Committee
Referred to Rules Committee
lower
Mar 29, 2004
Introduced
Arrived in House
lower
Mar 25, 2004
Amended
Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
upper
Mar 24, 2004
Upper · Passed
Senate Floor Amendment No. 2 Adopted; Lightford
upper
Mar 24, 2004
Upper · Passed
Senate Floor Amendment No. 2 Be Adopted Financial Institutions; 008-000-000
upper
Mar 24, 2004
Introduced
Senate Floor Amendment No. 2 Rules Refers to Financial Institutions
upper
Mar 23, 2004
Committee
Senate Floor Amendment No. 2 Referred to Rules
upper
Mar 23, 2004
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Kimberly A. Lightford
upper
Feb 27, 2004
Committee
Senate Floor Amendment No. 1 Referred to Rules
upper
Feb 27, 2004
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Kimberly A. Lightford
upper
Feb 26, 2004
Upper · Passed
Do Pass Financial Institutions; 009-000-000
upper
Feb 18, 2004
Committee
Assigned to Financial Institutions
upper
Feb 4, 2004
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.