Illinois General Assembly - Bill Status for HB2825
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 Bill Status of HB2825  101st General Assembly


House Sponsors
Rep. Michael J. Zalewski and Mark Batinick

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/6z-26

Synopsis As Introduced
Creates the Regulatory Sandbox Act. Creates the regulatory sandbox to enable persons to obtain limited access to the Illinois marketplace in order to test innovations in financial products or services. Provides requirements for approval to enter the regulatory sandbox, the application fee, and approval or denial time. Provides requirements for operating an innovation in the regulatory sandbox and extending a test period. Contains provisions regarding rules and judicial review of the administration of this Act. Makes conforming changes in the State Finance Act. Effective immediately.

DateChamber Action
  2/14/2019HouseFiled with the Clerk by Rep. Michael J. Zalewski
  2/14/2019HouseFirst Reading
  2/14/2019HouseReferred to Rules Committee
  2/19/2019HouseAdded Co-Sponsor Rep. Mark Batinick
  2/26/2019HouseAssigned to Executive Committee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  3/3/2020HouseAssigned to Executive Committee
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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