COVENANT BANK-DEADLINE
Summary
Urges the Secretary of Financial and Professional Regulation to grant an extension to Covenant Bank in Chicago, Illinois, for the correction to the impairment of its capital until February 1, 2013 and to continue the extension unless the bank becomes critically undercapitalized. Urges the Secretary of Financial and Professional Regulation to grant the maximum initial term of 180 days to take corrective action to any community bank that has received a Section 51 order, unless that bank is critically undercapitalized.
Bill status
failed
1 of 4 stages cleared
Introduction
Nov 2012
Committee Review
Floor Vote
Governor
Introduced Nov 26, 2012
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jan 8, 2013
House · Failed
Session Sine Die
Nov 27, 2012
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
La Shawn Ford
DDemocratic
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