Illinois General Assembly - Bill Status for HB5569
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB5569  100th General Assembly

Short Description:  BANKING-VARIOUS

House Sponsors
Rep. C.D. Davidsmeyer

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

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.

DateChamber Action
  2/16/2018HouseFiled with the Clerk by Rep. C.D. Davidsmeyer
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  3/7/2018HouseAssigned to Financial Institutions Committee
  4/9/2018HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. C.D. Davidsmeyer
  4/9/2018HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  4/9/2018HouseDo Pass / Short Debate Financial Institutions Committee; 010-000-000
  4/9/2018HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  4/10/2018HousePlaced on Calendar 2nd Reading - Short Debate
  4/11/2018HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. C.D. Davidsmeyer
  4/11/2018HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/12/2018HouseHouse Floor Amendment No. 2 Rules Refers to Financial Institutions Committee
  4/13/2018HouseHouse Floor Amendment No. 2 Recommends Be Adopted Financial Institutions Committee; 010-000-000
  4/25/2018HouseSecond Reading - Short Debate
  4/25/2018HouseHeld on Calendar Order of Second Reading - Short Debate
  4/27/2018HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

Back To Top