Illinois General Assembly - Bill Status for HB 3486

Amends the Illinois Funeral or Burial Funds Act. Limits certain provisions concerning payment under pre-need contracts to pre-need contracts entered into prior to the effective date of the amendatory Act. Makes changes to the definition of "seller". Provides that, before a seller and purchaser enter into a pre-need contract or pre-need sales contract, the seller must disclose and fully explain certain funding options. Provides that, if a pre-need contract includes the sale of funeral services and merchandise: (1) the seller must be a funeral director licensed under the Funeral Directors and Embalmers Licensing Code who is employed at the time of the sale of the contract by the funeral establishment through which the funeral services and merchandise will be provided, (2) the contract must be filled out by a funeral director licensed under the Funeral Directors and Embalmers Licensing Code, and (3) the contract may only be executed by a funeral director licensed under the Funeral Directors and Embalmers Licensing Code. Amends the Illinois Pre-Need Cemetery Sales Act. Provides that sellers of pre-need sales contracts must be licensed by the Department of Financial and Professional Regulation, and requires specified continuing education. Limits certain provisions concerning payment under pre-need contracts to pre-need contracts entered into prior to the effective date of the amendatory Act. Provides that, before a seller and purchaser enter into a pre-need contract or pre-need sales contract, the seller must disclose and fully explain certain funding options. Makes other changes. Effective immediately.

Date	Chamber	Action
1/8/2019	House	Session Sine Die

Date	Chamber	Action
2/10/2017	House	Filed with the Clerk by Rep. Daniel V. Beiser
2/10/2017	House	First Reading
2/10/2017	House	Referred to Rules Committee
2/10/2017	House	Chief Sponsor Changed to Rep. Dan Brady
2/22/2017	House	Assigned to Executive Committee
3/7/2017	House	Re-assigned to Business & Occupational Licenses Committee
3/7/2017	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Dan Brady
3/7/2017	House	House Committee Amendment No. 1 Referred to Rules Committee
3/9/2017	House	House Committee Amendment No. 1 Rules Refers to Business & Occupational Licenses Committee
3/22/2017	House	Recommends Do Pass Subcommittee/ Business & Occupational Licenses Committee; 002-001-000
3/22/2017	House	Remains in Business & Occupational Licenses Committee
3/22/2017	House	House Committee Amendment No. 1 Adopted in Business & Occupational Licenses Committee; by Voice Vote
3/22/2017	House	Do Pass as Amended / Short Debate Business & Occupational Licenses Committee; 006-003-000
3/23/2017	House	Placed on Calendar 2nd Reading - Short Debate
4/24/2017	House	Second Reading - Short Debate
4/24/2017	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/24/2017	House	Recalled to Second Reading - Short Debate
4/24/2017	House	Held on Calendar Order of Second Reading - Short Debate
4/24/2017	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Dan Brady
4/24/2017	House	House Floor Amendment No. 2 Referred to Rules Committee
4/25/2017	House	House Committee Amendment No. 1 Fiscal Note Requested as Amended by Rep. Marcus C. Evans, Jr.
4/26/2017	House	House Floor Amendment No. 2 Rules Refers to Business & Occupational Licenses Committee
4/27/2017	House	House Floor Amendment No. 2 Recommends Be Adopted Business & Occupational Licenses Committee; 005-002-000
4/27/2017	House	House Committee Amendment No. 1 Fiscal Note Filed as Amended
4/27/2017	House	House Committee Amendment No. 1 Fiscal Note Filed as Amended
4/28/2017	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2019	House	Session Sine Die

	Fiscal Note, House Committee Amendment No. 1 (Office of the Comptroller)
	HB 3486 (H-AM 1) will have no direct fiscal impact on the Office of the Comptroller. In regards to allowing for pre-need sales funds to be deposited without corporate fiduciary protections, we believe this change would put funds at greater risk and potentially expose consumers to higher or hidden fees associated with these deposits. Therefore, there would be a negative fiscal impact on consumers.

	Fiscal Note, House Committee Amendment No. 1 (Financial & Professional Regulation)
	The Illinois Department of Financial and Professional Regulation anticipates HB 3486 (H-AM 1) to have a fiscal impact of $207,238 based off costs projected for additional staffing needs.