Illinois General Assembly - Bill Status for HB0742
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 Bill Status of HB0742  104th General Assembly

Short Description:  REGULATION-TECH

House Sponsors
Rep. Margaret Croke - Curtis J. Tarver, II - Nicholas K. Smith - Jennifer Gong-Gershowitz - Daniel Didech, Amy Briel, Hoan Huynh, Eva-Dina Delgado, Lawrence "Larry" Walsh, Jr., Angelica Guerrero-Cuellar, Martha Deuter, Matt Hanson, Natalie A. Manley, Joyce Mason, Harry Benton, Katie Stuart, Dave Vella, Gregg Johnson, Dagmara Avelar, Rick Ryan, Sharon Chung, Jaime M. Andrade, Jr., Michael J. Kelly, Amy Elik, Travis Weaver, Bradley Fritts, Regan Deering, Kevin Schmidt, Charles Meier, Dan Swanson, Wayne A. Rosenthal, Terra Costa Howard, Jay Hoffman, Mary Gill, Ryan Spain, Dan Ugaste, Jackie Haas and John M. Cabello

Senate Sponsors
(Sen. Mark L. Walker, Mike Simmons, Laura Ellman, Mike Porfirio, Adriane Johnson, Robert Peters, Mary Edly-Allen, Rachel Ventura, Karina Villa, Linda Holmes and Graciela Guzmán)

Last Action
DateChamber Action
  6/16/2025HousePublic Act . . . . . . . . . 104-0004

Statutes Amended In Order of Appearance
205 ILCS 5/1from Ch. 17, par. 301


Synopsis As Introduced
Amends the Illinois Banking Act. Makes a technical change in a Section concerning the short title.

House Floor Amendment No. 2
Deletes reference to:
205 ILCS 5/1
Adds reference to:
New Act
5 ILCS 140/7.5
30 ILCS 105/5.1030 new
205 ILCS 5/2from Ch. 17, par. 302
205 ILCS 5/30from Ch. 17, par. 337
205 ILCS 620/1-5.08from Ch. 17, par. 1551-5.08
205 ILCS 620/2-1from Ch. 17, par. 1552-1
205 ILCS 620/Art. IIA heading new
205 ILCS 620/2A-1 new
205 ILCS 620/2A-2 new
205 ILCS 620/2A-3 new
205 ILCS 620/2A-4 new
205 ILCS 620/4-1from Ch. 17, par. 1554-1
205 ILCS 620/4-2from Ch. 17, par. 1554-2
205 ILCS 620/4-5from Ch. 17, par. 1554-5
205 ILCS 620/4A-15
205 ILCS 620/5-1from Ch. 17, par. 1555-1
815 ILCS 505/2HHHH new

Replaces everything after the enacting clause. Creates the Digital Assets and Consumer Protection Act. Provides that the Department of Financial and Professional Regulation shall regulate digital asset business activity in the State. Sets forth provisions concerning: applicability; the powers and duties of the Department; funds; customer protections; custody and protection of customer assets; covered exchanges; compliance; registration; supervision; records; additional procedural provisions; confidentiality; violations; enforcement; rulemaking authority; and severability. Creates the Special Purpose Trust Company Article in the Corporate Fiduciary Act. Sets forth provisions concerning certificates of authority; rulemaking and organization; certificates of authority for foreign corporate fiduciaries; eligibility; fees; and certificates of reciprocity. Makes other changes to various Acts. Effective immediately.

Senate Floor Amendment No. 1
Deletes reference to:
New Act
5 ILCS 140/7.5
30 ILCS 105/5.1030 new
205 ILCS 5/2
205 ILCS 5/30
205 ILCS 620/1-5.08
205 ILCS 620/2-1
205 ILCS 620/Art. IIA heading new
205 ILCS 620/2A-1 new
205 ILCS 620/2A-2 new
205 ILCS 620/2A-3 new
205 ILCS 620/2A-4 new
205 ILCS 620/4-1
205 ILCS 620/4-2
205 ILCS 620/4-5
205 ILCS 620/4A-15
205 ILCS 620/5-1
815 ILCS 505/2HHHH new
Adds reference to:
815 ILCS 151/999-99

Replaces everything after the enacting clause. Amends the Interchange Fee Prohibition Act by changing the effective date of the Act to July 1, 2026 (currently, July 1, 2025). Effective immediately.

Actions 
DateChamber Action
  12/17/2024HousePrefiled with Clerk by Rep. Emanuel "Chris" Welch
  1/9/2025HouseFirst Reading
  1/9/2025HouseReferred to Rules Committee
  3/4/2025HouseAssigned to Executive Committee
  3/12/2025HouseDo Pass / Short Debate Executive Committee; 012-000-000
  3/12/2025HousePlaced on Calendar 2nd Reading - Short Debate
  3/20/2025HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Edgar González, Jr.
  3/20/2025HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  3/25/2025HouseHouse Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
  3/25/2025HouseChief Sponsor Changed to Rep. Edgar González, Jr.
  3/26/2025HouseSecond Reading - Short Debate
  3/26/2025HouseHeld on Calendar Order of Second Reading - Short Debate
  4/7/2025HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Edgar González, Jr.
  4/7/2025HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/7/2025HouseHouse Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee
  4/8/2025HouseHouse Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000
  4/10/2025HouseHouse Floor Amendment No. 2 Adopted
  4/10/2025HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/10/2025HouseChair Rules placed on Standard Debate
  4/10/2025HouseThird Reading - Short Debate - Passed 074-037-001
  4/10/2025HouseHouse Floor Amendment No. 1 Tabled
  4/10/2025HouseMotion Filed to Reconsider Vote Rep. John M. Cabello
  4/10/2025HouseAdded Co-Sponsor Rep. Amy Briel
  4/10/2025HouseMotion to Reconsider Vote - Lost 038-073-000
  4/10/2025HouseAdded Co-Sponsor Rep. Hoan Huynh
  4/14/2025SenateArrive in Senate
  4/14/2025SenatePlaced on Calendar Order of First Reading
  4/14/2025SenateChief Senate Sponsor Sen. Don Harmon
  4/14/2025SenateFirst Reading
  4/14/2025SenateReferred to Assignments
  4/29/2025SenateAssigned to Executive
  4/29/2025SenateAlternate Chief Sponsor Changed to Sen. Mark L. Walker
  5/9/2025SenateRule 2-10 Committee Deadline Established As May 23, 2025
  5/14/2025SenateAdded as Alternate Co-Sponsor Sen. Mike Simmons
  5/14/2025SenateAdded as Alternate Co-Sponsor Sen. Laura Ellman
  5/14/2025SenateAdded as Alternate Co-Sponsor Sen. Mike Porfirio
  5/14/2025SenateAdded as Alternate Co-Sponsor Sen. Adriane Johnson
  5/15/2025SenateDo Pass Executive; 009-004-000
  5/15/2025SenateSecond Reading
  5/15/2025SenatePlaced on Calendar Order of 3rd Reading May 20, 2025
  5/15/2025SenateAdded as Alternate Co-Sponsor Sen. Robert Peters
  5/16/2025SenateAdded as Alternate Co-Sponsor Sen. Mary Edly-Allen
  5/16/2025SenateAdded as Alternate Co-Sponsor Sen. Rachel Ventura
  5/16/2025SenateAdded as Alternate Co-Sponsor Sen. Karina Villa
  5/23/2025SenateRule 2-10 Third Reading/Passage Deadline Established As June 1, 2025
  5/26/2025SenateAdded as Alternate Co-Sponsor Sen. Linda Holmes
  5/27/2025SenateAdded as Alternate Co-Sponsor Sen. Graciela Guzmán
  5/31/2025SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker
  5/31/2025SenateSenate Floor Amendment No. 1 Referred to Assignments
  5/31/2025HouseChief Sponsor Changed to Rep. Margaret Croke
  5/31/2025HouseAdded Chief Co-Sponsor Rep. Curtis J. Tarver, II
  5/31/2025HouseAdded Chief Co-Sponsor Rep. Nicholas K. Smith
  5/31/2025HouseAdded Chief Co-Sponsor Rep. Jennifer Gong-Gershowitz
  5/31/2025HouseAdded Chief Co-Sponsor Rep. Daniel Didech
  5/31/2025HouseAdded Co-Sponsor Rep. Eva-Dina Delgado
  5/31/2025HouseAdded Co-Sponsor Rep. Lawrence "Larry" Walsh, Jr.
  5/31/2025HouseAdded Co-Sponsor Rep. Angelica Guerrero-Cuellar
  5/31/2025HouseAdded Co-Sponsor Rep. Martha Deuter
  5/31/2025HouseAdded Co-Sponsor Rep. Matt Hanson
  5/31/2025HouseAdded Co-Sponsor Rep. Natalie A. Manley
  5/31/2025HouseAdded Co-Sponsor Rep. Joyce Mason
  5/31/2025HouseAdded Co-Sponsor Rep. Harry Benton
  5/31/2025HouseAdded Co-Sponsor Rep. Katie Stuart
  5/31/2025HouseAdded Co-Sponsor Rep. Dave Vella
  5/31/2025HouseAdded Co-Sponsor Rep. Gregg Johnson
  5/31/2025HouseAdded Co-Sponsor Rep. Dagmara Avelar
  5/31/2025HouseAdded Co-Sponsor Rep. Rick Ryan
  5/31/2025HouseAdded Co-Sponsor Rep. Sharon Chung
  5/31/2025HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
  5/31/2025HouseAdded Co-Sponsor Rep. Michael J. Kelly
  5/31/2025HouseAdded Co-Sponsor Rep. Amy Elik
  5/31/2025HouseAdded Co-Sponsor Rep. Travis Weaver
  5/31/2025HouseAdded Co-Sponsor Rep. Bradley Fritts
  5/31/2025HouseAdded Co-Sponsor Rep. Regan Deering
  5/31/2025HouseAdded Co-Sponsor Rep. Kevin Schmidt
  5/31/2025HouseAdded Co-Sponsor Rep. Charles Meier
  5/31/2025HouseAdded Co-Sponsor Rep. Dan Swanson
  5/31/2025HouseAdded Co-Sponsor Rep. Wayne A. Rosenthal
  5/31/2025HouseAdded Co-Sponsor Rep. Terra Costa Howard
  5/31/2025HouseAdded Co-Sponsor Rep. Jay Hoffman
  5/31/2025HouseAdded Co-Sponsor Rep. Mary Gill
  5/31/2025HouseAdded Co-Sponsor Rep. Ryan Spain
  5/31/2025HouseAdded Co-Sponsor Rep. Dan Ugaste
  5/31/2025SenateSenate Floor Amendment No. 1 Be Approved for Consideration Assignments
  6/1/2025SenateRecalled to Second Reading
  6/1/2025SenateSenate Floor Amendment No. 1 Adopted; Walker
  6/1/2025SenatePlaced on Calendar Order of 3rd Reading
  6/1/2025Senate3/5 Vote Required
  6/1/2025SenateThird Reading - Passed; 052-004-000
  6/1/2025HouseArrived in House
  6/1/2025HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
  6/1/2025HouseSenate Floor Amendment No. 1 Motion Filed Concur Rep. Margaret Croke
  6/1/2025HouseSenate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
  6/1/2025HouseSenate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000
  6/1/2025HouseAdded Co-Sponsor Rep. Jackie Haas
  6/1/2025HouseMotion Filed to Suspend House Rule(s) for Immediate Consideration Rep. Robyn Gabel
  6/1/2025HouseMotion Prevailed to Suspend Rule 074-038-000
  6/1/2025HouseSenate Floor Amendment No. 1 House Concurs 103-009-000
  6/1/2025HousePassed Both Houses
  6/4/2025HouseAdded Co-Sponsor Rep. John M. Cabello
  6/9/2025HouseSent to the Governor
  6/16/2025HouseGovernor Approved
  6/16/2025HouseEffective Date June 16, 2025
  6/16/2025HousePublic Act . . . . . . . . . 104-0004

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