Illinois General Assembly - Bill Status for SB3566
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 Bill Status of SB3566  9th General Assembly

Short Description:  REGULATION-TECH

Senate Sponsors
Sen. Don Harmon - Terry Link - Antonio Muñoz - Patricia Van Pelt, Napoleon Harris, III, Michael E. Hastings, Toi W. Hutchinson and Martin A. Sandoval

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 405/3from Ch. 17, par. 4804
205 ILCS 405/3.3from Ch. 17, par. 4807
205 ILCS 405/4.1from Ch. 17, par. 4809
205 ILCS 405/5from Ch. 17, par. 4812
205 ILCS 405/8from Ch. 17, par. 4815
205 ILCS 405/9from Ch. 17, par. 4816
205 ILCS 405/10from Ch. 17, par. 4817
205 ILCS 405/11from Ch. 17, par. 4819
205 ILCS 405/15from Ch. 17, par. 4824
205 ILCS 405/18from Ch. 17, par. 4834

Synopsis As Introduced
Amends the Currency Exchange Act. Provides that a currency exchange is not prohibited from accepting any check without regard to the date imprinted on the check, as long as the check is immediately cashed, deposited, and processed in the ordinary course of business. Further provides that a community or ambulatory currency exchange is permitted to place self-service automated terminals on its premises, engage in and charge a fee for the transmission of information upon the request of a consumer, advertise and distribute materials concerning legal services and products on its premises, and provide access to third-party travel reservation and ticketing services. Makes changes to provisions concerning community currency exchanges and the Secretary of Financial and Professional Regulation's authority to fine a licensee or suspend or revoke licenses under the Act. Makes other changes.

Senate Committee Amendment No. 1
Deletes reference to:
205 ILCS 405/3
205 ILCS 405/3.3
205 ILCS 405/4.1
205 ILCS 405/5
205 ILCS 405/8
205 ILCS 405/9
205 ILCS 405/10
205 ILCS 405/11
205 ILCS 405/15
205 ILCS 405/18
Adds reference to:
205 ILCS 405/0.1

Replaces everything after the enacting clause. Amends the Currency Exchange Act. Makes a technical change in a Section concerning the short title.

DateChamber Action
  2/14/2014SenateFiled with Secretary by Sen. Don Harmon
  2/14/2014SenateFirst Reading
  2/14/2014SenateReferred to Assignments
  3/5/2014SenateAssigned to Financial Institutions
  3/25/2014SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
  3/25/2014SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/25/2014SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions
  3/26/2014SenateSenate Committee Amendment No. 1 Adopted
  3/26/2014SenateDo Pass as Amended Financial Institutions; 008-000-000
  3/26/2014SenatePlaced on Calendar Order of 2nd Reading March 27, 2014
  3/27/2014SenateAdded as Chief Co-Sponsor Sen. Terry Link
  4/1/2014SenateAdded as Co-Sponsor Sen. Napoleon Harris, III
  4/8/2014SenateSecond Reading
  4/8/2014SenatePlaced on Calendar Order of 3rd Reading April 9, 2014
  4/10/2014SenateAdded as Chief Co-Sponsor Sen. Antonio Muñoz
  4/11/2014SenateRule 2-10 Third Reading Deadline Established As May 1, 2014
  5/1/2014SenateAdded as Chief Co-Sponsor Sen. Patricia Van Pelt
  5/2/2014SenateAdded as Co-Sponsor Sen. Michael E. Hastings
  5/7/2014SenateAdded as Co-Sponsor Sen. Toi W. Hutchinson
  5/16/2014SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  7/1/2014SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/13/2015SenateSession Sine Die

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