90th General Assembly
Status of SB1694
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PARKER-PHILIP-MYERS,J-MAHAR, LUECHTEFELD, HALVORSON, 
   OBAMA AND KEHOE.

(MULLIGAN-SCHOENBERG-COULSON-WOOD-GASH)

   815 ILCS 5/2.9            from Ch. 121 1/2, par. 137.2-9                    
   815 ILCS 5/2.10a new                                                        
   815 ILCS 5/2.12b          from Ch. 121 1/2, par. 137.2-12b                  
   815 ILCS 5/2.30                                                             
   815 ILCS 5/8b new                                                           
   815 ILCS 5/14             from Ch. 121 1/2, par. 137.14                     

        Amends the Illinois Securities Law of 1953.  Provides that,  with      
   respect  to  a federal covered investment adviser, "investment adviser      
   representative"  means  any  person  who  is  an  investment   adviser      
   representative  with  a  place of business in this State as such terms      
   are defined pursuant to the federal Investment Advisers Act  of  1940.      
   Prohibits  unsolicited   telephone  calls  to offer or sell securities      
   unless the caller identifies himself or herself and the purpose of the      
   call and unless the call is made within certain time periods.  Makes a      
   violation of certain provisions of the Law by use of a plan,  program,      
   or  campaign  that  is  conducted using one or more telephones for the      
   purpose of inducing the purchase or  sale  of  securities  a  Class  2      
   felony.    Makes  inducement,  in  the  course  of  violating  certain      
   provisions of the Law, of a  person  60  years  of  age  or  older  to      
   purchase or sell securities a Class 2 felony.  Effective immediately.       
   98-02-20  S  FIRST READING                                                  
   98-02-20  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   98-02-25  S       ASSIGNED TO COMMITTEE               FIN INST              
   98-03-03  S  ADDED AS A CHIEF CO-SPONSOR              MYERS,J               
   98-03-03  S  ADDED AS A CO-SPONSOR                    LUECHTEFELD           
   98-03-04  S  ADDED AS A CHIEF CO-SPONSOR              MAHAR                 
   98-03-05  S       DO PASS                             007-000-000   SFIC    
   98-03-05  S  PLACED ON CALENDAR ORDER OF 2ND READING  98-03-10              
   98-03-05  S  ADDED AS A CO-SPONSOR                    HALVORSON             
   98-03-10  S  ADDED AS A CO-SPONSOR                    REA                   
   98-03-10  S  SECOND READING                                                 
   98-03-10  S  PLACED ON CALENDAR ORDER OF 3RD READING  98-03-11              
   98-03-25  S  ADDED AS A CO-SPONSOR                    OBAMA                 
   98-03-26  S  ADDED AS A CO-SPONSOR                    KEHOE                 
   98-03-30  S  FILED WITH SECRETARY                                           
   98-03-30  S                             AMENDMENT NO. 01-PARKER             
   98-03-30  S                     AMENDMENT REFERRED TO SRUL                  
   98-03-31  S  MOTION TO TABLE AMENDMENT - PREVAILED    PARKER/01             
   98-03-31  S                             AMENDMENT NO. 01-PARKER             
   98-03-31  S                                    TABLED                       
   98-04-01  S  THIRD READING - PASSED                   059-000-000           
   98-04-01  H  ARRIVE IN HOUSE                                                
   98-04-01  H  HOUSE SPONSOR                            SCHOENBERG            
   98-04-01  H  ADDED AS A JOINT SPONSOR                 MULLIGAN              
   98-04-01  H  FIRST READING                                                  
   98-04-01  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   98-04-22  H  ALTERNATE PRIMARY SPONSOR CHANGED TO     MULLIGAN              
   98-04-22  H       ASSIGNED TO COMMITTEE               FIN INSTIT            
   98-04-28  H  ADDED AS A JOINT SPONSOR                 SCHOENBERG            
   98-04-28  H  ADDED AS A JOINT SPONSOR                 COULSON               
   98-04-28  H  ADDED AS A JOINT SPONSOR                 WOOD                  
   98-04-29  H  DO PASS/SHORT DEBATE                     024-000-000   HFIN    
   98-04-29  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   98-04-30  H  SECOND READING-SHORT DEBATE                                    
   98-04-30  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   98-04-30  H  ADDED AS A JOINT SPONSOR                 GASH                  
   98-05-06  H  THIRD READING/SHORT DEBATE/PASSED        116-000-000           
   98-05-06  S  PASSED BOTH HOUSES                                             
   98-06-04  S  SENT TO THE GOVERNOR                                           
   98-07-30  S  GOVERNOR APPROVED                                              
   98-07-30  S                            EFFECTIVE DATE 98-07-30              
   98-07-30  S  PUBLIC ACT.............................. 90-0667               

   END OF INQUIRY 



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