Illinois General Assembly - Bill Status for HB5886
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 Bill Status of HB5886  98th General Assembly


Short Description:  VIRTUAL CURRENCY

House Sponsors
Rep. Elizabeth Hernandez

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 657/110 new


Synopsis As Introduced
Amends the Transmitters of Money Act. Provides that virtual currency does not have legal tender status. Defines "virtual currency" as a medium of exchange that operates like currency in some environments, but does not have all the attributes of real currency. Effective immediately.

Actions 
DateChamber Action
  2/14/2014HouseFiled with the Clerk by Rep. Elizabeth Hernandez
  2/14/2014HouseFirst Reading
  2/14/2014HouseReferred to Rules Committee
  3/6/2014HouseAssigned to Financial Institutions Committee
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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