Illinois General Assembly - Bill Status for HB6747
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 Bill Status of HB6747  93rd General Assembly


Short Description:  FIN REG-SAVINGS BANK

House Sponsors
Rep. Eddie Washington - Thomas Holbrook

Senate Sponsors
(Sen. William R. Haine)

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 205/9015from Ch. 17, par. 7309-15
205 ILCS 205/11003from Ch. 17, par. 7311-3


Synopsis As Introduced
Amends the Savings Bank Act. Provides that a violation of the Investments Article of the Act is deemed to be an unsafe and unsound practice. In provisions pertaining to the Commissioner's ability to remove or prohibit current or former officers, directors, employees, or agents of a savings bank operating under this Act who are the subject of final orders, adds the Board of Governors of the Federal Reserve, a Federal Reserve Bank, the U.S. Office of Thrift Supervision, the National Credit Union Administration, or other federal financial institution regulators to the list of regulated entities that issue final orders.

House Committee Amendment No. 1
Deletes reference to:
205 ILCS 205/9015

Removes a provision pertaining to unsafe and unsound practices; orders of prohibition and removal.

 Fiscal Note ((H-AM 1) Office of Banks and Real Estate)
 No fiscal impact.

Actions 
DateChamber Action
  2/9/2004HouseFiled with the Clerk by Rep. Eddie Washington
  2/9/2004HouseFirst Reading
  2/9/2004HouseReferred to Rules Committee
  2/18/2004HouseAssigned to Financial Institutions Committee
  3/3/2004HouseHouse Committee Amendment No. 1 Filed with Clerk by Financial Institutions Committee
  3/3/2004HouseHouse Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
  3/3/2004HouseDo Pass as Amended / Short Debate Financial Institutions Committee; 018-000-000
  3/3/2004HousePlaced on Calendar 2nd Reading - Short Debate
  3/3/2004HouseAdded Chief Co-Sponsor Rep. Thomas Holbrook
  3/19/2004HouseFiscal Note Filed As Amended by HA 1
  3/29/2004HouseSecond Reading - Short Debate
  3/29/2004HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/30/2004HouseThird Reading - Short Debate - Passed 116-000-000
  3/31/2004SenateArrive in Senate
  3/31/2004SenatePlaced on Calendar Order of First Reading April 1, 2004
  4/22/2004SenateChief Senate Sponsor Sen. William R. Haine
  4/22/2004SenateFirst Reading
  4/22/2004SenateReferred to Rules
  1/11/2005HouseSession Sine Die

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