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 Bill Status of SB2433  100th General Assembly


Short Description:  CURRENCY EXCHANGE - CHECKS

Senate Sponsors
Sen. Jacqueline Y. Collins - Wm. Sam McCann - Napoleon Harris, III - Kimberly A. Lightford - Iris Y. Martinez, Cristina Castro, Linda Holmes, Daniel Biss, Laura M. Murphy, Bill Cunningham, Melinda Bush, Toi W. Hutchinson, Patricia Van Pelt, Omar Aquino, Emil Jones, III, Andy Manar, Scott M. Bennett, Mattie Hunter, James F. Clayborne, Jr., William R. Haine, Heather A. Steans, John G. Mulroe, Kwame Raoul, Steve Stadelman, Michael E. Hastings, Elgie R. Sims, Jr., Julie A. Morrison, David Koehler, Pat McGuire, Jennifer Bertino-Tarrant, Martin A. Sandoval, Terry Link, Antonio Muñoz, Don Harmon and Ira I. Silverstein

House Sponsors
(Rep. La Shawn K. Ford - Sonya M. Harper - Camille Y. Lilly - Robert W. Pritchard - Lou Lang, Sara Feigenholtz, André Thapedi, Gregory Harris, Elizabeth Hernandez, Silvana Tabares, Theresa Mah, LaToya Greenwood and Rita Mayfield)

Last Action
DateChamber Action
  5/18/2018SenatePassed Both Houses

Statutes Amended In Order of Appearance
205 ILCS 405/1from Ch. 17, par. 4802
205 ILCS 405/19.3from Ch. 17, par. 4838


Synopsis As Introduced
Amends the Currency Exchange Act. Defines "government assistance check", "government check", "payroll check", "printed", and "protected class". Provides additional considerations by the Secretary of Financial and Professional Regulation for determining the maximum rate schedules that can be charged for check cashing and writing of money orders by community currency exchanges and ambulatory currency exchanges. Provides that the Department of Financial and Professional Regulation's authority to establish rate schedules for check cashing is subject to specified rate caps. Makes other changes. Effective June 1, 2019.

Senate Committee Amendment No. 1
Deletes reference to:
205 ILCS 405/1

Replaces everything after the enacting clause. Amends the Currency Exchange Act. In the list of things the Secretary of Financial and Professional Regulation shall take into account in determining the maximum rate schedules that can be charged for check cashing and writing of money orders by community currency exchanges and ambulatory currency exchanges, adds the impact on consumers and whether the rate schedule will disproportionately impact anyone on the basis of any protected characteristic or category listed and defined in specified provisions of the Illinois Human Rights Act. Effective June 1, 2019.

Actions 
DateChamber Action
  1/30/2018SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  1/30/2018SenateFirst Reading
  1/30/2018SenateReferred to Assignments
  2/6/2018SenateAdded as Chief Co-Sponsor Sen. Napoleon Harris, III
  2/6/2018SenateAdded as Chief Co-Sponsor Sen. Kimberly A. Lightford
  2/7/2018SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
  2/7/2018SenateAdded as Co-Sponsor Sen. Cristina Castro
  2/8/2018SenateAdded as Co-Sponsor Sen. Linda Holmes
  2/9/2018SenateAdded as Co-Sponsor Sen. Daniel Biss
  2/13/2018SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  2/13/2018SenateAdded as Co-Sponsor Sen. Bill Cunningham
  2/13/2018SenateAdded as Co-Sponsor Sen. Melinda Bush
  2/13/2018SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
  2/14/2018SenateAdded as Co-Sponsor Sen. Toi W. Hutchinson
  2/15/2018SenateAdded as Co-Sponsor Sen. Patricia Van Pelt
  2/20/2018SenateAdded as Co-Sponsor Sen. Omar Aquino
  2/21/2018SenateAdded as Co-Sponsor Sen. Emil Jones, III
  2/21/2018SenateAdded as Co-Sponsor Sen. Andy Manar
  2/21/2018SenateAdded as Co-Sponsor Sen. Scott M. Bennett
  2/21/2018SenateAdded as Co-Sponsor Sen. Mattie Hunter
  2/21/2018SenateAdded as Chief Co-Sponsor Sen. Wm. Sam McCann
  2/21/2018SenateAdded as Co-Sponsor Sen. James F. Clayborne, Jr.
  2/21/2018SenateAdded as Co-Sponsor Sen. William R. Haine
  2/27/2018SenateAdded as Co-Sponsor Sen. Heather A. Steans
  2/27/2018SenateAdded as Co-Sponsor Sen. John G. Mulroe
  2/27/2018SenateAdded as Co-Sponsor Sen. Kwame Raoul
  2/27/2018SenateAdded as Co-Sponsor Sen. Steve Stadelman
  2/27/2018SenateAdded as Co-Sponsor Sen. Michael E. Hastings
  2/27/2018SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr.
  2/27/2018SenateAdded as Co-Sponsor Sen. Julie A. Morrison
  2/27/2018SenateAdded as Co-Sponsor Sen. David Koehler
  2/27/2018SenateAdded as Co-Sponsor Sen. Pat McGuire
  2/27/2018SenateAdded as Co-Sponsor Sen. Jennifer Bertino-Tarrant
  2/28/2018SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  2/28/2018SenateAdded as Co-Sponsor Sen. Terry Link
  2/28/2018SenateAdded as Co-Sponsor Sen. Antonio Muñoz
  2/28/2018SenateAdded as Co-Sponsor Sen. Don Harmon
  3/14/2018SenateAdded as Co-Sponsor Sen. Ira I. Silverstein
  4/4/2018SenateAssigned to Financial Institutions
  4/4/2018SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
  4/4/2018SenateSenate Committee Amendment No. 1 Referred to Assignments
  4/10/2018SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions
  4/11/2018SenateSenate Committee Amendment No. 1 Adopted
  4/11/2018SenateDo Pass as Amended Financial Institutions; 008-000-000
  4/11/2018SenatePlaced on Calendar Order of 2nd Reading April 12, 2018
  4/18/2018SenateSecond Reading
  4/18/2018SenatePlaced on Calendar Order of 3rd Reading April 19, 2018
  4/19/2018SenateThird Reading - Passed; 054-000-000
  4/19/2018HouseArrived in House
  4/19/2018HouseChief House Sponsor Rep. La Shawn K. Ford
  4/19/2018HouseFirst Reading
  4/19/2018HouseReferred to Rules Committee
  4/25/2018HouseAdded Alternate Chief Co-Sponsor Rep. Robert W. Pritchard
  4/26/2018HouseAssigned to Financial Institutions Committee
  5/7/2018HouseAdded Alternate Co-Sponsor Rep. Sara Feigenholtz
  5/7/2018HouseAdded Alternate Co-Sponsor Rep. André Thapedi
  5/8/2018HouseAdded Alternate Chief Co-Sponsor Rep. Lou Lang
  5/8/2018HouseAdded Alternate Co-Sponsor Rep. Gregory Harris
  5/8/2018HouseDo Pass / Short Debate Financial Institutions Committee; 012-000-000
  5/9/2018HousePlaced on Calendar 2nd Reading - Short Debate
  5/10/2018HouseAdded Alternate Chief Co-Sponsor Rep. Sonya M. Harper
  5/10/2018HouseAdded Alternate Chief Co-Sponsor Rep. Camille Y. Lilly
  5/10/2018HouseAdded Alternate Co-Sponsor Rep. Elizabeth Hernandez
  5/10/2018HouseAdded Alternate Co-Sponsor Rep. Silvana Tabares
  5/16/2018HouseSecond Reading - Short Debate
  5/16/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/18/2018HouseAdded Alternate Co-Sponsor Rep. Theresa Mah
  5/18/2018HouseThird Reading - Short Debate - Passed 101-000-000
  5/18/2018SenatePassed Both Houses
  5/18/2018HouseAdded Alternate Co-Sponsor Rep. LaToya Greenwood
  5/18/2018HouseAdded Alternate Co-Sponsor Rep. Rita Mayfield

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