REGULATION-TECH Senate SponsorsSen. Deanna Demuzio House Sponsors(Rep. Angelo Saviano) 8/23/2007SenatePublic Act . . . . . . . . . 95-0386 225 ILCS 450/0.01from Ch. 111, par. 5500.01 Amends the Illinois Public Accounting Act. Makes a technical change in a Section concerning the short title.Senate Floor Amendment No. 1 Deletes reference to:225 ILCS 450/0.01Adds reference to:225 ILCS 450/1from Ch. 111, par. 5501225 ILCS 450/4from Ch. 111, par. 5505225 ILCS 450/5.2 new225 ILCS 450/9from Ch. 111, par. 5510225 ILCS 450/9.01225 ILCS 450/9.02225 ILCS 450/13from Ch. 111, par. 5514225 ILCS 450/14from Ch. 111, par. 5515225 ILCS 450/14.3225 ILCS 450/30.2from Ch. 111, par. 5535.2225 ILCS 450/9.1 rep.Deletes everything after the enacting clause. Amends the Illinois Public Accounting Act. Sets forth a provision concerning substantial equivalency, which affords individuals who meet certain qualifications practice privileges in the State, whether in person or by mail, telephone, or electronic means, without the requirement of licensure or registration under the Act. Removes a provision prohibiting a person from holding himself or herself out as a registered certified public accountant without being registered under the Act and from using or incorporating the title "certified public accountant" without being licensed or registered under the Act. Makes changes to provisions concerning qualifications for licensure and additional requirements for firms. Makes a technical change in a Section concerning contributory fault. Makes other changes. Repeals a Section concerning temporary practice under the Act. Effective January 1, 2008.Senate Floor Amendment No. 2 In the Section concerning substantial equivalency, provides that practice privileges granted shall be those of a person licensed under the Illinois Public Accounting Act as a licensed certified public accountant (instead of a certified public accountant). Provides that an individual licensee of another state (instead of just an individual) who is exercising the privilege afforded under the Section and the CPA firm that employs such individual, as a condition of the grant of practice privileges, simultaneously consents to certain conditions, including the appointment of the state board that issued the individual's or the CPA firm's license as the agent upon which process may be served in any action or proceeding by the Department of Financial and Professional Regulation against the individual (instead of requiring the issuing state board's consent for the appointment). Provides for the imposition of a civil penalty upon any person who holds himself or herself out to the public as a certified public accountant (instead of a licensed certified public accountant) in this State by using a certain title, abbreviation, or any words or letters that indicate such. 2/8/2007SenateFiled with Secretary by Sen. Deanna Demuzio 2/8/2007SenateFirst Reading 2/8/2007SenateReferred to Rules 3/7/2007SenateAssigned to Licensed Activities 3/15/2007SenateDo Pass Licensed Activities; 006-000-000 3/15/2007SenatePlaced on Calendar Order of 2nd Reading March 20, 2007 3/22/2007SenateSecond Reading 3/22/2007SenatePlaced on Calendar Order of 3rd Reading March 27, 2007 3/23/2007SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Deanna Demuzio 3/23/2007SenateSenate Floor Amendment No. 1 Referred to Rules 3/23/2007SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Deanna Demuzio 3/23/2007SenateSenate Floor Amendment No. 2 Referred to Rules 3/27/2007SenateSenate Floor Amendment No. 1 Rules Refers to Licensed Activities 3/27/2007SenateSenate Floor Amendment No. 2 Rules Refers to Licensed Activities 3/28/2007SenateSenate Floor Amendment No. 1 Recommend Do Adopt Licensed Activities; 006-000-000 3/28/2007SenateSenate Floor Amendment No. 2 Recommend Do Adopt Licensed Activities; 006-000-000 3/30/2007SenateRecalled to Second Reading 3/30/2007SenateSenate Floor Amendment No. 1 Adopted; Demuzio 3/30/2007SenateSenate Floor Amendment No. 2 Adopted; Demuzio 3/30/2007SenatePlaced on Calendar Order of 3rd Reading 3/30/2007SenateThird Reading - Passed; 055-000-000 4/2/2007HouseArrived in House 4/2/2007HousePlaced on Calendar Order of First Reading 4/2/2007HouseChief House Sponsor Rep. Angelo Saviano 4/9/2007HouseFirst Reading 4/9/2007HouseReferred to Rules Committee 4/30/2007HouseAssigned to Registration and Regulation Committee 5/10/2007HouseDo Pass / Short Debate Registration and Regulation Committee; 021-000-000 5/10/2007HousePlaced on Calendar 2nd Reading - Short Debate 5/24/2007HouseSecond Reading - Short Debate 5/24/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/29/2007HouseThird Reading - Short Debate - Passed 116-000-000 5/29/2007SenatePassed Both Houses 6/27/2007SenateSent to the Governor 8/23/2007SenateGovernor Approved 8/23/2007SenateEffective Date January 1, 2008 8/23/2007SenatePublic Act . . . . . . . . . 95-0386