Bill Status of HB 2426   103rd General Assembly


Short Description:  CURRENCY EXCHANGE ACT-LICENSES

House Sponsors
Rep. Camille Y. Lilly

Last Action  View All Actions

DateChamber Action
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
205 ILCS 405/10from Ch. 17, par. 4817
205 ILCS 405/9 rep.

Synopsis As Introduced
Amends the Currency Exchange Act. Requires that an applicant for a license to operate a currency exchange must provide a statement that the business is in good standing with the State of Illinois and in compliance with the Department of Revenue. Repeals a provision that prohibits community currency exchanges and ambulatory currency exchanges from issuing tokens to be used instead of money for the purchase of goods or services from any enterprise.

Actions 
DateChamber Action
  2/14/2023HouseFiled with the Clerk by Rep. Camille Y. Lilly
  2/15/2023HouseFirst Reading
  2/15/2023HouseReferred to Rules Committee
  2/28/2023HouseAssigned to Financial Institutions and Licensing Committee
  3/10/2023HouseRule 19(a) / Re-referred to Rules Committee

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