<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HR 295    </title>
<shortdesc>URGE PREDATORY LENDING REFORM</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Kenneth Dunkin</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<SynopsisText>     Urges sponsors of HR1214, the Payday Loan Reform Act, to (i) withdraw their support of the legislation's current provisions; (ii) support reforms that will be effective in stopping the payday lending cycle of debt; and (iii) only support proposals that do not undermine state efforts to reform the payday lending practice. Also urges members of Congress to enact a cap on annual interest rates of 36%.</SynopsisText></synopsis>
<actions>
<statusdate>4/22/2009</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Kenneth Dunkin</action>
<statusdate>4/23/2009</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>5/15/2009</statusdate><chamber>House</chamber><action>Assigned to Financial Institutions Committee</action>
<statusdate>12/1/2009</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

