Illinois General Assembly - Bill Status for HB5569

Illinois General Assembly - Bill Status for HB5569

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Bill Status of HB5569 100th General Assembly

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Short Description: BANKING-VARIOUS

House Sponsors
Rep. C.D. Davidsmeyer

Last Action

Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

from Ch. 17, par. 325

205 ILCS 5/48.3

from Ch. 17, par. 360.2

205 ILCS 205/8015

from Ch. 17, par. 7308-15

205 ILCS 205/9012

from Ch. 17, par. 7309-12

Synopsis As Introduced
Amends the Illinois Banking Act and the Savings Bank Act. Replaces "Commissioner" with "Secretary" to update references to the Secretary of Financial and Professional Regulation. Provides that before any person or persons may cause a change of control of a State bank or a savings bank, the Secretary shall be of the opinion and find that the future prospects of the institution will not jeopardize the financial stability of the State bank or the savings bank or prejudice the interests of the depositors of the State bank or the interests of the members of the savings bank. Provides that the provisions of this Act do not apply to an established holding company acquiring control of a State bank or a savings bank if the transaction is subject to approval under specified provisions of federal law. Provides that a State bank or a savings bank may disclose confidential supervisory information to any attorney, accountant, consultant, or other professional as needed to comply with any enforcement action issued by the Secretary. Makes other changes. Effective immediately.

Actions

Date	Chamber	Action
2/16/2018	House	Filed with the Clerk by Rep. C.D. Davidsmeyer
2/16/2018	House	First Reading
2/16/2018	House	Referred to Rules Committee
3/7/2018	House	Assigned to Financial Institutions Committee
4/9/2018	House	House Committee Amendment No. 1 Filed with Clerk by Rep. C.D. Davidsmeyer
4/9/2018	House	House Committee Amendment No. 1 Referred to Rules Committee
4/9/2018	House	Do Pass / Short Debate Financial Institutions Committee; 010-000-000
4/9/2018	House	House Committee Amendment No. 1 Tabled Pursuant to Rule 40
4/10/2018	House	Placed on Calendar 2nd Reading - Short Debate
4/11/2018	House	House Floor Amendment No. 2 Filed with Clerk by Rep. C.D. Davidsmeyer
4/11/2018	House	House Floor Amendment No. 2 Referred to Rules Committee
4/12/2018	House	House Floor Amendment No. 2 Rules Refers to Financial Institutions Committee
4/13/2018	House	House Floor Amendment No. 2 Recommends Be Adopted Financial Institutions Committee; 010-000-000
4/25/2018	House	Second Reading - Short Debate
4/25/2018	House	Held on Calendar Order of Second Reading - Short Debate
4/27/2018	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2019	House	Session Sine Die