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HB 497 Illinois House · 95th Regular Session

BANK ACT-AFFILIATE-COMM ACTIV

Summary
Amends the Illinois Banking Act. Prohibits banks from establishing a branch on or adjacent to the premises of an affiliate of the bank if the affiliate engages in commercial activity that could not lawfully be conducted by a bank holding company, a financial holding company, or their subsidiaries. Provides that if an entity attempts to locate an office of an affiliate on or adjacent to the premises of the bank office or branch, then the entity must cease to operate its bank office or branch at that location. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Mar 2007
Committee Review
Jun 2007
House Passage
Jun 2007
Senate Passage
May 2007
Signed into Law
Aug 2007
Introduced Mar 6, 2007 Signed Aug 28, 2007
Floor votes · Senate May 30, 2007 · House Jun 1, 2007

How they voted

47–0
Passed
Total votes 47
May 30, 2007
D Democratic29
29 Yea
100% Yea
R Republican18
18 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
80
Key actions
14
Committee
20
Amendments
13
Aug 28, 2007
Signed into law
Governor Approved
lower
Jun 1, 2007
Lower · Passed
Passed Both Houses
lower
Jun 1, 2007
Introduced
Senate Floor Amendment No. 3 House Concurs 104-000-003
lower
Jun 1, 2007
Lower · Passed
Senate Committee Amendment No. 2 House Concurs 104-000-003
lower
May 31, 2007
Lower · Passed
Senate Floor Amendment No. 3 Motion to Concur Recommends be Adopted Financial Institutions Committee; 018-000-000
lower
May 31, 2007
Lower · Passed
Senate Committee Amendment No. 2 Motion to Concur Recommends be Adopted Financial Institutions Committee; 018-000-000
lower
May 31, 2007
Committee
Senate Floor Amendment No. 3 Motion to Concur Rules Referred to Financial Institutions Committee
lower
May 31, 2007
Committee
Senate Committee Amendment No. 2 Motion to Concur Rules Referred to Financial Institutions Committee
lower
May 30, 2007
Committee
Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee
lower
May 30, 2007
Committee
Senate Committee Amendment No. 2 Motion to Concur Referred to Rules Committee
lower
May 30, 2007
Introduced
Senate Floor Amendment No. 3 Motion Filed Concur Rep. Joseph M. Lyons
lower
May 30, 2007
Lower · Passed
Senate Committee Amendment No. 2 Motion Filed Concur Rep. Joseph M. Lyons
lower
May 30, 2007
Introduced
Placed on Calendar Order of Concurrence Senate Amendment(s) 2,3
lower
May 30, 2007
Introduced
Arrived in House
lower
May 30, 2007
Amended
Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
upper
May 30, 2007
Upper · Passed
Senate Floor Amendment No. 3 Adopted; Link
upper
May 30, 2007
Senate · Passed
Senate Vote: pass (47-0)
senate
May 24, 2007
Introduced
Senate Floor Amendment No. 3 Recommend Do Adopt Financial Institutions; 006-000-000
upper
May 23, 2007
Introduced
Senate Floor Amendment No. 3 Rules Refers to Financial Institutions
upper
May 18, 2007
Committee
Senate Floor Amendment No. 3 Referred to Rules
upper
May 18, 2007
Introduced
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Terry Link
upper
May 15, 2007
Committee
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules
upper
May 15, 2007
Upper · Passed
Do Pass as Amended Financial Institutions; 007-000-000
upper
May 15, 2007
Upper · Passed
Senate Committee Amendment No. 2 Adopted
upper
May 9, 2007
Upper · Passed
Senate Committee Amendment No. 2 Rules Refers to Financial Institutions
upper
May 8, 2007
Committee
Senate Committee Amendment No. 2 Referred to Rules
upper
May 8, 2007
Introduced
Senate Committee Amendment No. 2 Filed with Secretary by Sen. Terry Link
upper
May 2, 2007
Upper · Passed
Senate Committee Amendment No. 1 Rules Refers to Financial Institutions
upper
May 1, 2007
Committee
Senate Committee Amendment No. 1 Referred to Rules
upper
May 1, 2007
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Terry Link
upper
Mar 30, 2007
Committee
Assigned to Financial Institutions
upper
Mar 8, 2007
Committee
Referred to Rules
upper
Mar 6, 2007
Introduced
Arrive in Senate
upper
Feb 21, 2007
Lower · Passed
Do Pass as Amended / Short Debate Financial Institutions Committee; 019-000-001
lower
Feb 21, 2007
Lower · Passed
House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
lower
Feb 21, 2007
Introduced
House Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
lower
Feb 7, 2007
Committee
Assigned to Financial Institutions Committee
lower
Feb 1, 2007
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.