Illinois General Assembly - Bill Status for SB3182
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 Bill Status of SB3182  100th General Assembly

Short Description:  BANKING-VARIOUS

Senate Sponsors
Sen. Paul Schimpf

House Sponsors
(Rep. C.D. Davidsmeyer)

Last Action
DateChamber Action
  8/14/2018SenatePublic Act . . . . . . . . . 100-0888

Statutes Amended In Order of Appearance
205 ILCS 5/18from Ch. 17, par. 325
205 ILCS 5/48.3from Ch. 17, par. 360.2
205 ILCS 205/8015from Ch. 17, par. 7308-15
205 ILCS 205/9012from Ch. 17, par. 7309-12

Synopsis As Introduced
Amends the Illinois Banking Act and the Savings Bank Act. Replaces "Commissioner" with "Secretary" to update references to the Secretary of Financial and Professional Regulation. Provides that before any person or persons may cause a change of control of a State bank or a savings bank, the Secretary shall be of the opinion and find that the future prospects of the institution will not jeopardize the financial stability of the State bank or the savings bank or prejudice the interests of the depositors of the State bank or the interests of the members of the savings bank. Provides that the provisions of this Act do not apply to an established holding company acquiring control of a State bank or a savings bank if the transaction is subject to approval under specified provisions of federal law. Provides that a State bank or a savings bank may disclose confidential supervisory information to any attorney, accountant, consultant, or other professional as needed to comply with any enforcement action issued by the Secretary. Makes other changes. Effective immediately.

Senate Floor Amendment No. 1
Adds reference to:
205 ILCS 5/48.1from Ch. 17, par. 360

Replaces everything after the enacting clause. Reinserts the introduced bill with the following changes: Further amends the Illinois Banking Act. In provisions requiring a bank to be reimbursed for costs that are reasonably necessary and that have been directly incurred in searching for, reproducing, or transporting certain data of a customer required or requested to be produced pursuant to a subpoena, summons, warrant, citation to discover assets, or court order, removes the requirement that the certain data be of a customer. Effective immediately.

DateChamber Action
  2/16/2018SenateFiled with Secretary by Sen. Paul Schimpf
  2/16/2018SenateFirst Reading
  2/16/2018SenateReferred to Assignments
  2/27/2018SenateAssigned to Financial Institutions
  4/11/2018SenateDo Pass Financial Institutions; 007-000-000
  4/11/2018SenatePlaced on Calendar Order of 2nd Reading April 12, 2018
  4/13/2018SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Paul Schimpf
  4/13/2018SenateSenate Floor Amendment No. 1 Referred to Assignments
  4/17/2018SenateSenate Floor Amendment No. 1 Assignments Refers to Financial Institutions
  4/18/2018SenateSenate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 005-000-000
  4/19/2018SenateSenate Floor Amendment No. 1 Adopted; Schimpf
  4/19/2018SenateSecond Reading
  4/19/2018SenatePlaced on Calendar Order of 3rd Reading April 23, 2018
  4/23/2018SenateThird Reading - Passed; 043-000-000
  4/24/2018HouseArrived in House
  4/24/2018HouseChief House Sponsor Rep. C.D. Davidsmeyer
  4/24/2018HouseFirst Reading
  4/24/2018HouseReferred to Rules Committee
  5/2/2018HouseAssigned to Financial Institutions Committee
  5/8/2018HouseDo Pass / Short Debate Financial Institutions Committee; 012-000-000
  5/9/2018HousePlaced on Calendar 2nd Reading - Short Debate
  5/16/2018HouseSecond Reading - Short Debate
  5/16/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/21/2018HouseThird Reading - Short Debate - Passed 101-000-000
  5/21/2018SenatePassed Both Houses
  6/19/2018SenateSent to the Governor
  8/14/2018SenateGovernor Approved
  8/14/2018SenateEffective Date August 14, 2018
  8/14/2018SenatePublic Act . . . . . . . . . 100-0888

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