Sign Up
HB 2969 Illinois House · 98th Regular Session

SECURITIES SUIT TIME LIMIT

Summary
Amends language in the Illinois Securities Law of 1953 providing that the 3-year period for seeking specified relief under the Act begins to run on the earlier of the date the party bringing the action has actual knowledge of the alleged violation or the date the party bringing the action has notice of facts which in the exercise of reasonable diligence would lead to actual knowledge of the alleged violation. Deletes language providing that the period of limitation may not be extended more than 2 years beyond the expiration of the 3-year period. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2013
Committee Review
May 2013
House Passage
May 2013
Senate Passage
May 2013
Signed into Law
Aug 2013
Introduced Apr 16, 2013 Signed Aug 5, 2013
Floor votes · Senate May 22, 2013 · House Apr 15, 2013

How they voted

46–6
Passed · 1 other
Total votes 53
May 22, 2013
D Democratic35
34 Yea 1
97% Yea
R Republican18
12 Yea 6 Nay
66% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
32
Key actions
6
Committee
6
Aug 5, 2013
Signed into law
Governor Approved
lower
May 22, 2013
Lower · Passed
Passed Both Houses
lower
May 22, 2013
Senate · Passed
Senate Vote: pass (46-6-1)
senate
May 8, 2013
Upper · Passed
Do Pass Judiciary; 012-000-000
upper
May 1, 2013
Committee
Assigned to Judiciary
upper
May 1, 2013
Committee
Referred to Assignments
upper
Apr 16, 2013
Introduced
Arrive in Senate
upper
Apr 15, 2013
House · Passed
House Vote: pass (85-17-4)
house
Mar 13, 2013
Lower · Passed
Do Pass / Short Debate State Government Administration Committee; 018-002-000
lower
Mar 4, 2013
Committee
Assigned to State Government Administration Committee
lower
Feb 26, 2013
Committee
Referred to Rules Committee
lower
0 primary · 2 co-sponsors

Sponsors

No sponsor information available.