Illinois General Assembly - Bill Status for SB2885
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 Bill Status of SB2885  100th General Assembly

Short Description:  STATE BANK-BOARD

Senate Sponsors
Sen. William E. Brady

House Sponsors
(Rep. Natalie A. Manley)

Last Action
DateChamber Action
  1/9/2019SenateSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 5/16from Ch. 17, par. 323
205 ILCS 5/35from Ch. 17, par. 343
205 ILCS 5/80.5 new

Synopsis As Introduced
Amends the Illinois Banking Act. Provides that a State bank that has been in existence for 10 years or more and has less than $50,000,000 (rather than $20,000,000) in assets may have a minimum of 3 directors. Extends the exemptions from loan and investment limits described in specified provisions of this Act to any department, bureau, board, commission, or establishment of the United States, including any corporation wholly owned by the United States. Provides that the Secretary shall provide information relating to the prior fiscal year upon the request of the State Banking Board.

DateChamber Action
  2/14/2018SenateFiled with Secretary by Sen. Chris Nybo
  2/14/2018SenateFirst Reading
  2/14/2018SenateReferred to Assignments
  2/21/2018SenateAssigned to Financial Institutions
  4/11/2018SenateDo Pass Financial Institutions; 008-000-000
  4/11/2018SenatePlaced on Calendar Order of 2nd Reading April 12, 2018
  4/18/2018SenateSecond Reading
  4/18/2018SenatePlaced on Calendar Order of 3rd Reading April 19, 2018
  4/23/2018SenateThird Reading - Passed; 045-000-000
  4/23/2018HouseArrived in House
  5/9/2018HouseChief House Sponsor Rep. Natalie A. Manley
  5/9/2018HouseFirst Reading
  5/9/2018HouseReferred to Rules Committee
  5/9/2018HouseAssigned to Financial Institutions Committee
  5/18/2018HouseRule 19(a) / Re-referred to Rules Committee
  11/15/2018SenateChief Sponsor Changed to Sen. William E. Brady
  1/9/2019SenateSession Sine Die

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