Rep. Jehan A. Gordon

Filed: 3/15/2011





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2    AMENDMENT NO. ______. Amend House Bill 3469 by replacing
3everything after the enacting clause with the following:
4    "Section 5. The Illinois Banking Act is amended by adding
5Section 48.8 as follows:
6    (205 ILCS 5/48.8 new)
7    Sec. 48.8. Loan reporting.
8    (a) Beginning on January 1, 2012, a banking house, branch,
9branch bank, or branch office shall annually report to the
10Secretary the number and value of loans made to small
11businesses as defined in the Small Business Advisory Act.
12    (b) The Department of Financial and Professional
13Regulation shall adopt rules to implement this Section. The
14rules shall minimize the administrative burden on banks by
15considering the data previously disclosed to State and federal
16regulators related to small business lending.



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1    (c) The Department shall publish the reports on its
3    Section 99. Effective date. This Act takes effect upon
4becoming law.".