Illinois General Assembly - Bill Status for HB3543

Illinois General Assembly - Bill Status for HB3543

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Bill Status of HB3543 99th General Assembly

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Short Description: SAVINGS BANK ACT

House Sponsors
Rep. Adam Brown

Senate Sponsors
(Sen. Chris Nybo)

Last Action

Date	Chamber	Action
7/14/2015	House	Public Act . . . . . . . . . 99-0039

Statutes Amended In Order of Appearance

205 ILCS 5/48.05

from Ch. 17, par. 390

205 ILCS 205/9002.5

205 ILCS 205/10085

205 ILCS 205/12201

Synopsis As Introduced
Amends the Illinois Banking Act. Provides that the Secretary of Financial and Professional Regulation may assess reasonable receivership fees against any State bank that does not maintain insurance with the Federal Deposit Insurance Corporation. Provides that members of the State Banking Board of Illinois cease to be eligible to serve on the Board once they no longer meet the requirements of their original appointment; however a member from a State Bank shall not be disqualified solely due to a change in the bank's asset size. Amends the Savings Bank Act. Provides that savings banks and service corporations shall pay specified fees in quarterly installments. Removes a provision concerning a fee that is levied as an adjustment to the supervisory fee. Provides that the Secretary may assess reasonable receivership fees against any savings bank operating under the Act that does not maintain insurance with the Federal Deposit Insurance Corporation. Provides that if the funds in the estate of the savings bank are insufficient to cover the expenses that arise from the administration of a receivership, the Secretary may pay such expenses from the Non-insured Institutions Receivership account. Provides that members of the Board of Savings Banks cease to be eligible to serve on the Board once they no longer meet the requirements of their original appointment.

Actions

Date	Chamber	Action
2/26/2015	House	Filed with the Clerk by Rep. Adam Brown
2/26/2015	House	First Reading
2/26/2015	House	Referred to Rules Committee
3/19/2015	House	Assigned to Business & Occupational Licenses Committee
3/25/2015	House	Do Pass / Short Debate Business & Occupational Licenses Committee; 009-000-000
3/26/2015	House	Placed on Calendar 2nd Reading - Short Debate
4/14/2015	House	Second Reading - Short Debate
4/14/2015	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/15/2015	House	Third Reading - Short Debate - Passed 114-000-001
4/15/2015	Senate	Arrive in Senate
4/15/2015	Senate	Placed on Calendar Order of First Reading April 16, 2015
4/15/2015	Senate	Chief Senate Sponsor Sen. Chris Nybo
4/16/2015	Senate	First Reading
4/16/2015	Senate	Referred to Assignments
4/22/2015	Senate	Assigned to Financial Institutions
4/29/2015	Senate	Do Pass Financial Institutions; 007-000-000
4/29/2015	Senate	Placed on Calendar Order of 2nd Reading April 30, 2015
5/18/2015	Senate	Second Reading
5/18/2015	Senate	Placed on Calendar Order of 3rd Reading May 19, 2015
5/19/2015	Senate	Third Reading - Passed; 056-000-000
5/19/2015	House	Passed Both Houses
6/17/2015	House	Sent to the Governor
7/14/2015	House	Governor Approved
7/14/2015	House	Effective Date January 1, 2016
7/14/2015	House	Public Act . . . . . . . . . 99-0039