HB 5886 Illinois House · 98th Regular Session

VIRTUAL CURRENCY

Summary
Amends the Transmitters of Money Act. Provides that virtual currency does not have legal tender status. Defines "virtual currency" as a medium of exchange that operates like currency in some environments, but does not have all the attributes of real currency. Effective immediately.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2014
Committee Review
Floor Vote
Governor
Introduced Feb 14, 2014 Last action Dec 3, 2014
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Full legislative history

Actions timeline

Total actions
6
Key actions
0
Committee
3
Mar 28, 2014
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 6, 2014
Committee
Assigned to Financial Institutions Committee
lower
Feb 14, 2014
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

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