Date	Chamber	Action
8/14/2018	Senate	Public Act . . . . . . . . . 100-0888

Statutes Amended In Order of Appearance

205 ILCS 5/18

from Ch. 17, par. 325

205 ILCS 5/48.3

from Ch. 17, par. 360.2

205 ILCS 205/8015

from Ch. 17, par. 7308-15

205 ILCS 205/9012

from Ch. 17, par. 7309-12

Synopsis As Introduced
Amends the Illinois Banking Act and the Savings Bank Act. Replaces "Commissioner" with "Secretary" to update references to the Secretary of Financial and Professional Regulation. Provides that before any person or persons may cause a change of control of a State bank or a savings bank, the Secretary shall be of the opinion and find that the future prospects of the institution will not jeopardize the financial stability of the State bank or the savings bank or prejudice the interests of the depositors of the State bank or the interests of the members of the savings bank. Provides that the provisions of this Act do not apply to an established holding company acquiring control of a State bank or a savings bank if the transaction is subject to approval under specified provisions of federal law. Provides that a State bank or a savings bank may disclose confidential supervisory information to any attorney, accountant, consultant, or other professional as needed to comply with any enforcement action issued by the Secretary. Makes other changes. Effective immediately.

Senate Floor Amendment No. 1

	Adds reference to:
	205 ILCS 5/48.1	from Ch. 17, par. 360

Replaces everything after the enacting clause. Reinserts the introduced bill with the following changes: Further amends the Illinois Banking Act. In provisions requiring a bank to be reimbursed for costs that are reasonably necessary and that have been directly incurred in searching for, reproducing, or transporting certain data of a customer required or requested to be produced pursuant to a subpoena, summons, warrant, citation to discover assets, or court order, removes the requirement that the certain data be of a customer. Effective immediately.

Actions 

Date	Chamber	Action
2/16/2018	Senate	Filed with Secretary by Sen. Paul Schimpf
2/16/2018	Senate	First Reading
2/16/2018	Senate	Referred to Assignments
2/27/2018	Senate	Assigned to Financial Institutions
4/11/2018	Senate	Do Pass Financial Institutions; 007-000-000
4/11/2018	Senate	Placed on Calendar Order of 2nd Reading April 12, 2018
4/13/2018	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Paul Schimpf
4/13/2018	Senate	Senate Floor Amendment No. 1 Referred to Assignments
4/17/2018	Senate	Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
4/18/2018	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 005-000-000
4/19/2018	Senate	Senate Floor Amendment No. 1 Adopted; Schimpf
4/19/2018	Senate	Second Reading
4/19/2018	Senate	Placed on Calendar Order of 3rd Reading April 23, 2018
4/23/2018	Senate	Third Reading - Passed; 043-000-000
4/24/2018	House	Arrived in House
4/24/2018	House	Chief House Sponsor Rep. C.D. Davidsmeyer
4/24/2018	House	First Reading
4/24/2018	House	Referred to Rules Committee
5/2/2018	House	Assigned to Financial Institutions Committee
5/8/2018	House	Do Pass / Short Debate Financial Institutions Committee; 012-000-000
5/9/2018	House	Placed on Calendar 2nd Reading - Short Debate
5/16/2018	House	Second Reading - Short Debate
5/16/2018	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/21/2018	House	Third Reading - Short Debate - Passed 101-000-000
5/21/2018	Senate	Passed Both Houses
6/19/2018	Senate	Sent to the Governor
8/14/2018	Senate	Governor Approved
8/14/2018	Senate	Effective Date August 14, 2018
8/14/2018	Senate	Public Act . . . . . . . . . 100-0888

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