Date	Chamber	Action
8/13/2007	House	Public Act . . . . . . . . . 95-0077

Statutes Amended In Order of Appearance

205 ILCS 5/35.2

from Ch. 17, par. 345

205 ILCS 610/2

from Ch. 17, par. 1002

205 ILCS 705/5

205 ILCS 705/10

Synopsis As Introduced
Amends the Illinois Banking Act. Provides that a state bank and its subsidiaries in compliance with Regulation W promulgated by the Board of Governors of the Federal Reserve shall be deemed to be in compliance with certain provisions of the Act concerning limitations on investments in and loans to affiliates. Amends the Banking Emergencies Act. Provides that, whenever the Commissioner becomes aware that an emergency exists, or is impending, he or she may, by proclamation, authorize any bank organized under the laws of another state, or of the United States, to open and operate offices in the State and to remain open until the Commissioner declares, by further proclamation, that the emergency or impending emergency has ended. Amends the Financial Institutions Electronic Documents and Digital Signature Act. For purposes of the Act, defines "financial institution" to include subsidiaries and affiliates of banks, savings and loan associations, savings banks, and credit unions. Provides that if a financial institution is required by law to provide or make available certain information in writing to consumers, provides that the use of an electronic record to provide or make available that information satisfies the writing requirement if the consumer consents and if certain notices are provided. Provides that oral communication or recording of oral communication does not qualify as an electronic record. Contains other provisions concerning the rights of consumers, the effect of failure to obtain electronic consent or confirmation of consent, the effect of withdrawal of consent, and prior consent. Effective immediately.

Actions 

Date	Chamber	Action
2/7/2007	House	Filed with the Clerk by Rep. John A. Fritchey
2/7/2007	House	First Reading
2/7/2007	House	Referred to Rules Committee
2/13/2007	House	Added Chief Co-Sponsor Rep. Mike Boland
2/13/2007	House	Added Chief Co-Sponsor Rep. Angelo Saviano
2/13/2007	House	Added Chief Co-Sponsor Rep. Sara Feigenholtz
2/13/2007	House	Added Chief Co-Sponsor Rep. Elizabeth Coulson
2/15/2007	House	Assigned to Financial Institutions Committee
2/21/2007	House	Added Co-Sponsor Rep. Aaron Schock
2/21/2007	House	Added Co-Sponsor Rep. Thomas Holbrook
2/21/2007	House	Added Co-Sponsor Rep. Patricia R. Bellock
2/21/2007	House	Do Pass / Short Debate Financial Institutions Committee; 020-000-000
2/22/2007	House	Placed on Calendar 2nd Reading - Short Debate
2/22/2007	House	Added Co-Sponsor Rep. Joseph M. Lyons
2/22/2007	House	Added Co-Sponsor Rep. Monique D. Davis
2/23/2007	House	Second Reading - Short Debate
2/23/2007	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/2/2007	House	Third Reading - Short Debate - Passed 109-000-001
3/6/2007	Senate	Arrive in Senate
3/6/2007	Senate	Placed on Calendar Order of First Reading
3/6/2007	Senate	Chief Senate Sponsor Sen. Don Harmon
3/6/2007	Senate	First Reading
3/6/2007	Senate	Referred to Rules
3/30/2007	Senate	Assigned to Financial Institutions
4/20/2007	Senate	Do Pass Financial Institutions; 007-000-000
4/20/2007	Senate	Placed on Calendar Order of 2nd Reading April 24, 2007
4/20/2007	Senate	Added as Alternate Chief Co-Sponsor Sen. Dan Rutherford
5/3/2007	Senate	Second Reading
5/3/2007	Senate	Placed on Calendar Order of 3rd Reading May 8, 2007
5/10/2007	Senate	Added as Alternate Chief Co-Sponsor Sen. Mike Jacobs
5/16/2007	Senate	Third Reading - Passed; 056-000-000
5/16/2007	House	Passed Both Houses
6/14/2007	House	Sent to the Governor
8/13/2007	House	Governor Approved
8/13/2007	House	Effective Date August 13, 2007
8/13/2007	House	Public Act . . . . . . . . . 95-0077

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