Date	Chamber	Action
4/16/2008	House	Tabled By Sponsor Rep. Marlow H. Colvin

Statutes Amended In Order of Appearance

720 ILCS 250/1

from Ch. 17, par. 5901

Synopsis As Introduced
Amends the Illinois Credit Card and Debit Card Act. Makes a technical change in a Section concerning the short title.

House Amendment No. 1

	Deletes reference to:
	720 ILCS 250/1

	Adds reference to:
	205 ILCS 616/10

205 ILCS 616/10.1 new

Deletes the title and everything after the enacting clause. Amends the Electronic Fund Transfer Act. Defines "breach of the security of the system", "card security code", "magnetic stripe data", "microprocessor chip data", "PIN", "PIN verification code number", and "service provider". In the definition of "access device", provides that an "access device" contains a magnetic stripe, microprocessor chip, or other means for storage information that includes, but is not limited to, a credit card, debit card, or stored value card. Prohibits a person or entity that accepts an access device in connection with an electronic fund transfer transaction from: (1) retaining the card security code data; (2) retaining the PIN verification code number; (3) retaining the full contents of any track of magnetic stripe data, subsequent to the authorization of the transaction of in the case of a PIN debit transaction, subsequent to 48 hours after authorization of the transaction on days the issuing bank is open for settlement; or (4) storing any payment-related data that is not needed for business purposes. Provides that it is a violation for a person or entity, if its service provider retains such data subsequent to the authorization of the transaction or in the case of a PIN debit transaction, subsequent to 48 hours after authorization of the transaction. Provides that, whenever there is a breach of the security of the system of a person or entity in violation of the listed Section, or that person's or entity's service provider, that person or entity shall reimburse the financial institution that issued any access devices affected by the breach for consequential damages and costs for reasonable actions undertaken by the financial institution as a result of the breach.

Actions 

Date	Chamber	Action
2/14/2008	House	Filed with the Clerk by Rep. Marlow H. Colvin
2/14/2008	House	First Reading
2/14/2008	House	Referred to Rules Committee
3/11/2008	House	Assigned to Consumer Protection Committee
3/11/2008	House	Motion to Suspend Rule 25 - Prevailed
3/11/2008	House	House Amendment No. 1 Filed with Clerk by Consumer Protection Committee
3/11/2008	House	House Amendment No. 1 Adopted in Consumer Protection Committee; by Voice Vote
3/11/2008	House	Do Pass as Amended / Short Debate Consumer Protection Committee; 012-000-000
3/12/2008	House	Placed on Calendar 2nd Reading - Short Debate
4/2/2008	House	Added Co-Sponsor Rep. Jack D. Franks
4/2/2008	House	Added Co-Sponsor Rep. Linda Chapa LaVia
4/8/2008	House	Removed Co-Sponsor Rep. Jack D. Franks
4/16/2008	House	Tabled By Sponsor Rep. Marlow H. Colvin

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