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 Bill Status of HB2514  100th General Assembly


Short Description:  BANKS-FEDERAL HOME LOAN BANK

House Sponsors
Rep. Lou Lang - Patricia R. Bellock - Randy E. Frese

Senate Sponsors
(Sen. Chris Nybo - Pamela J. Althoff)

Last Action
DateChamber Action
  6/16/2017HouseSent to the Governor

Statutes Amended In Order of Appearance
205 ILCS 5/48.3from Ch. 17, par. 360.2
205 ILCS 205/9012from Ch. 17, par. 7309-12
205 ILCS 305/9.1


Synopsis As Introduced
Amends the Illinois Banking Act and the Savings Bank Act. Replaces "Commissioner" with "Secretary" in provisions related to the disclosure of information in order to update references to the Secretary of Financial and Professional Regulation. Provides that the Secretary may furnish confidential supervisory information to a Federal Home Loan Bank in connection with any bank that is a member of the Federal Home Loan Bank or in connection with any application by the bank before the Federal Home Loan Bank. Provides that a bank or other financial institution or its officers, agents, and employees may disclose confidential supervisory information to a Federal Home Loan Bank of which it is a member. Amends the Illinois Credit Union Act. Provides that relevant confidential supervisory information may be disclosed under specified circumstances to other agencies or entities having a legitimate regulatory interest, including, but not limited to, a Federal Home Loan Bank. Effective immediately.

Actions 
DateChamber Action
  2/7/2017HouseFiled with the Clerk by Rep. Lou Lang
  2/8/2017HouseFirst Reading
  2/8/2017HouseReferred to Rules Committee
  2/22/2017HouseAssigned to Financial Institutions Committee
  3/7/2017HouseDo Pass / Short Debate Financial Institutions Committee; 010-000-000
  3/8/2017HousePlaced on Calendar 2nd Reading - Short Debate
  3/9/2017HouseSecond Reading - Short Debate
  3/9/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/15/2017HouseThird Reading - Short Debate - Passed 109-000-000
  3/15/2017HouseAdded Chief Co-Sponsor Rep. Patricia R. Bellock
  3/16/2017SenateArrive in Senate
  3/16/2017SenatePlaced on Calendar Order of First Reading March 28, 2017
  3/29/2017SenateChief Senate Sponsor Sen. Chris Nybo
  3/29/2017SenateFirst Reading
  3/29/2017SenateReferred to Assignments
  4/6/2017HouseAdded Chief Co-Sponsor Rep. Randy E. Frese
  4/25/2017SenateAssigned to Financial Institutions
  5/2/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff
  5/10/2017SenateDo Pass Financial Institutions; 007-000-000
  5/10/2017SenatePlaced on Calendar Order of 2nd Reading May 11, 2017
  5/12/2017SenateSecond Reading
  5/12/2017SenatePlaced on Calendar Order of 3rd Reading May 15, 2017
  5/19/2017SenateThird Reading - Passed; 052-000-000
  5/19/2017HousePassed Both Houses
  6/16/2017HouseSent to the Governor

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