Date	Chamber	Action
11/29/2006	Senate	Total Veto Stands

Statutes Amended In Order of Appearance

225 ILCS 450/0.03

from Ch. 111, par. 5500.03

225 ILCS 450/6.1

225 ILCS 450/9.01

225 ILCS 450/14.3

225 ILCS 450/16

from Ch. 111, par. 5517

225 ILCS 450/20.01

from Ch. 111, par. 5521.01

225 ILCS 450/20.1

from Ch. 111, par. 5522

225 ILCS 450/27

from Ch. 111, par. 5533

Synopsis As Introduced
Amends the Illinois Public Accounting Act. Defines "peer review program" as a review of compliance with professional standards of practice (now, generally accepted accounting principles and auditing standards and other generally accepted technical standards). Provides a definition of "Peer Review Administrator". Requires firms and sole practitioners providing accounting services under the Act to complete a peer review as a condition of renewing a license unless an exemption applies. Allows the Department of Financial and Professional Regulation to adopt rules. Provides penalties for failure to comply with remedial actions determined appropriate by the Peer Review Administrator. Requires the firm or sole practitioner to pay for the costs of the peer review. Provides that the peer review proceedings, records, reports, and other documents are privileged and provides exceptions to the privilege. Provides for the peer review year of combined or divided firms or sole practitioners. Makes other changes. Effective immediately.

House Amendment No. 1

	Adds reference to:
	225 ILCS 450/9.3 new

Deletes everything after the enacting clause. Reinserts the provisions of the bill as introduced with the following changes. Adds a provision authorizing and directing the Board of Examiners and the Department of Financial and Professional Regulation to share information with each other regarding those individuals and entities licensed or certified or applying for licensure or certification under the Illinois Public Accounting Act. Removes the provision concerning restrictions on information that may be obtained in any civil action, arbitration, or administrative proceeding. Effective immediately.

Actions 

Date	Chamber	Action
1/20/2006	Senate	Filed with Secretary by Sen. Louis S. Viverito
1/20/2006	Senate	First Reading
1/20/2006	Senate	Referred to Rules
2/8/2006	Senate	Assigned to Licensed Activities
2/16/2006	Senate	Do Pass Licensed Activities; 008-000-000
2/16/2006	Senate	Placed on Calendar Order of 2nd Reading February 22, 2006
2/22/2006	Senate	Second Reading
2/22/2006	Senate	Placed on Calendar Order of 3rd Reading February 23, 2006
2/23/2006	Senate	Third Reading - Passed; 058-000-000
2/23/2006	House	Arrived in House
2/23/2006	House	Placed on Calendar Order of First Reading
2/24/2006	House	Chief House Sponsor Rep. Kevin A. McCarthy
2/24/2006	House	First Reading
2/24/2006	House	Referred to Rules Committee
3/3/2006	House	Alternate Chief Sponsor Changed to Rep. Lovana Jones
3/3/2006	House	Added Alternate Chief Co-Sponsor Rep. Kevin A. McCarthy
3/13/2006	House	Assigned to Consumer Protection Committee
3/24/2006	House	House Amendment No. 1 Filed with Clerk by Consumer Protection Committee
3/24/2006	House	House Amendment No. 1 Adopted in Consumer Protection Committee; by Voice Vote
3/24/2006	House	Do Pass as Amended / Short Debate Consumer Protection Committee; 012-000-000
3/24/2006	House	Placed on Calendar 2nd Reading - Short Debate
3/28/2006	House	Second Reading - Short Debate
3/28/2006	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/29/2006	House	Added Alternate Chief Co-Sponsor Rep. Art Tenhouse
3/29/2006	House	Added Alternate Chief Co-Sponsor Rep. Thomas Holbrook
3/29/2006	House	Added Alternate Chief Co-Sponsor Rep. Aaron Schock
3/29/2006	House	Added Alternate Co-Sponsor Rep. Frank J. Mautino
3/29/2006	House	Added Alternate Co-Sponsor Rep. Constance A. Howard
3/29/2006	House	Added Alternate Co-Sponsor Rep. Annazette Collins
3/30/2006	House	Third Reading - Short Debate - Passed 112-000-001
3/30/2006	Senate	Secretary's Desk - Concurrence House Amendment(s) 01
3/30/2006	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 01-April 4, 2006
4/4/2006	Senate	House Amendment No. 1 Motion to Concur Filed with Secretary Sen. Louis S. Viverito
4/4/2006	Senate	House Amendment No. 1 Motion to Concur Referred to Rules
4/5/2006	Senate	House Amendment No. 1 Motion to Concur Rules Referred to Licensed Activities
4/5/2006	Senate	House Amendment No. 1 Motion To Concur Recommended Do Adopt Licensed Activities; 006-000-000
4/6/2006	Senate	House Amendment No. 1 Senate Concurs 058-000-000
4/6/2006	Senate	Passed Both Houses
5/5/2006	Senate	Sent to the Governor
6/16/2006	Senate	Governor Vetoed
11/14/2006	Senate	Placed Calendar Total Veto November 15, 2006
11/29/2006	Senate	Total Veto Stands

Back To Top