Bill Status of SB0812  100th General Assembly


Short Description:  FINANCIAL INSTITUTION-REPORT

Senate Sponsors
Sen. Martin A. Sandoval

Last Action
DateChamber Action
  8/4/2017SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments

Statutes Amended In Order of Appearance
205 ILCS 5/1from Ch. 17, par. 301


Synopsis As Introduced
Amends the Illinois Banking Act. Makes a technical change in a Section concerning the short title.

Senate Committee Amendment No. 1
Deletes reference to:
205 ILCS 5/1
Adds reference to:
30 ILCS 235/6.3 new
205 ILCS 5/47.5 new
205 ILCS 205/9008.5 new
205 ILCS 305/9.5 new

Replaces everything after the enacting clause. Amends the Public Funds Investment Act, the Illinois Banking Act, the Savings Bank Act, and the Illinois Credit Union Act. Requires any financial institution or other entity receiving public funds, State bank, savings bank, and credit union with assets of at least $100,000,000 to submit an annual report on its voluntary supplier diversity program to the Department of Financial and Professional Regulation. Sets forth provisions on what the report must include and how and when the report must be submitted. Provides that, for each report, the Department shall publish the results on its Internet website for 5 years after submission. Requires the Department to hold an annual supplier diversity workshop in February of 2019 and every February thereafter to discuss the reports with representatives of the financial institutions, State banks, savings banks, or credit unions and vendors. Provides that the Department shall prepare a template for voluntary supplier diversity reports. Effective immediately.

Actions 
DateChamber Action
  2/1/2017SenateFiled with Secretary by Sen. Martin A. Sandoval
  2/1/2017SenateFirst Reading
  2/1/2017SenateReferred to Assignments
  3/8/2017SenateAssigned to Financial Institutions
  3/10/2017SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Martin A. Sandoval
  3/10/2017SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/14/2017SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions
  3/15/2017SenateSenate Committee Amendment No. 1 Adopted
  3/15/2017SenateDo Pass as Amended Financial Institutions; 007-001-000
  3/15/2017SenatePlaced on Calendar Order of 2nd Reading March 16, 2017
  4/28/2017SenateRule 2-10 Third Reading Deadline Established As May 31, 2017
  8/4/2017SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments