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SB 1578 Illinois Senate · 96th Regular Session

CREDIT AGREEMENTS ACT-TECH

Summary
Amends the Credit Agreements Act. Provides that specified provisions shall not constitute a defense to a claim that arises out of bad faith conduct intended to unjustly benefit a creditor or a third party. Provides that the mere failure by a creditor to enter into a credit agreement with or to provide a written commitment to a debtor, without more, shall not constitute bad faith under specified provisions. Provides for the legislative intent of the General Assembly and that certain provisions apply to pending actions as well as actions commenced on or after the effective date of the amendatory Act. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2009
Committee Review
Mar 2010
Senate Passage
Mar 2010
House Passage
Mar 2010
Signed into Law
Apr 2010
Introduced Apr 3, 2009 Signed Apr 13, 2010
Floor votes · Senate Mar 25, 2010 · House Mar 24, 2010

How they voted

47–0
Passed · 2 other
Total votes 49
Mar 25, 2010
D Democratic30
28 Yea 2
93% Yea
R Republican19
19 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
101
Key actions
10
Committee
13
Amendments
10
Apr 13, 2010
Signed into law
Governor Approved
upper
Mar 25, 2010
Upper · Passed
Passed Both Houses
upper
Mar 25, 2010
Upper · Passed
House Committee Amendment No. 1 Senate Concurs 057-000-000
upper
Mar 24, 2010
Upper · Passed
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 012-001-000
upper
Mar 24, 2010
Committee
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive
upper
Mar 24, 2010
Committee
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
upper
Mar 24, 2010
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 1 - March 25, 2010
upper
Mar 24, 2010
Introduced
Secretary's Desk - Concurrence House Amendment(s) 1
upper
Mar 24, 2010
House · Passed
House Vote: pass (94-0-1)
house
Mar 18, 2010
Lower · Passed
Do Pass as Amended / Short Debate Revenue & Finance Committee; 012-000-000
lower
Mar 18, 2010
Lower · Passed
House Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote
lower
Mar 18, 2010
Introduced
House Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee
lower
Mar 12, 2010
Committee
Assigned to Revenue & Finance Committee
lower
May 31, 2009
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
May 8, 2009
Lower · Passed
Committee/Final Action Deadline Extended-9(b) May 22, 2009
lower
Apr 20, 2009
Committee
Assigned to Executive Committee
lower
Apr 6, 2009
Committee
Referred to Rules Committee
lower
Apr 3, 2009
Introduced
Arrived in House
lower
Apr 2, 2009
Amended
Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
upper
Mar 31, 2009
Upper · Passed
Senate Floor Amendment No. 2 Adopted; Wilhelmi
upper
Mar 31, 2009
Introduced
Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 007-000-000
upper
Mar 30, 2009
Introduced
Senate Floor Amendment No. 2 Assignments Refers to Judiciary
upper
Mar 25, 2009
Committee
Senate Floor Amendment No. 2 Referred to Assignments
upper
Mar 25, 2009
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. A. J. Wilhelmi
upper
Mar 25, 2009
Committee
Senate Floor Amendment No. 1 Referred to Assignments
upper
Mar 25, 2009
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. A. J. Wilhelmi
upper
Mar 11, 2009
Upper · Passed
Do Pass Judiciary; 008-000-000
upper
0 primary · 32 co-sponsors

Sponsors

No sponsor information available.