Bill Status of HB 3050   97th General Assembly

Short Description:  IL CREDIT UNION-HEARING REQ

House Sponsors
Rep. Joseph M. Lyons-Brandon W. Phelps-Franco Coladipietro-Thomas Holbrook

Senate Sponsors
(Sen. David Koehler)


Last Action  View All Actions

DateChamber Action
  7/14/2011HousePublic Act . . . . . . . . . 97-0133

Statutes Amended In Order of Appearance
205 ILCS 305/1.1from Ch. 17, par. 4402
205 ILCS 305/2from Ch. 17, par. 4403
205 ILCS 305/3from Ch. 17, par. 4404
205 ILCS 305/4from Ch. 17, par. 4405
205 ILCS 305/7from Ch. 17, par. 4408
205 ILCS 305/8from Ch. 17, par. 4409
205 ILCS 305/9from Ch. 17, par. 4410
205 ILCS 305/9.1
205 ILCS 305/11from Ch. 17, par. 4412
205 ILCS 305/12from Ch. 17, par. 4413
205 ILCS 305/13from Ch. 17, par. 4414
205 ILCS 305/14from Ch. 17, par. 4415
205 ILCS 305/15from Ch. 17, par. 4416
205 ILCS 305/16from Ch. 17, par. 4417
205 ILCS 305/16.1
205 ILCS 305/19from Ch. 17, par. 4420
205 ILCS 305/20from Ch. 17, par. 4421
205 ILCS 305/21from Ch. 17, par. 4422
205 ILCS 305/22from Ch. 17, par. 4423
205 ILCS 305/23from Ch. 17, par. 4424
205 ILCS 305/24from Ch. 17, par. 4425
205 ILCS 305/25from Ch. 17, par. 4426
205 ILCS 305/26from Ch. 17, par. 4427
205 ILCS 305/27from Ch. 17, par. 4428
205 ILCS 305/28from Ch. 17, par. 4429
205 ILCS 305/30from Ch. 17, par. 4431
205 ILCS 305/31from Ch. 17, par. 4432
205 ILCS 305/32from Ch. 17, par. 4433
205 ILCS 305/33from Ch. 17, par. 4434
205 ILCS 305/34from Ch. 17, par. 4435
205 ILCS 305/35from Ch. 17, par. 4436
205 ILCS 305/36from Ch. 17, par. 4437
205 ILCS 305/37from Ch. 17, par. 4438
205 ILCS 305/38from Ch. 17, par. 4439
205 ILCS 305/39from Ch. 17, par. 4440
205 ILCS 305/40from Ch. 17, par. 4441
205 ILCS 305/41from Ch. 17, par. 4442
205 ILCS 305/43.1
205 ILCS 305/44from Ch. 17, par. 4445
205 ILCS 305/45from Ch. 17, par. 4446
205 ILCS 305/46from Ch. 17, par. 4447
205 ILCS 305/47from Ch. 17, par. 4448
205 ILCS 305/48from Ch. 17, par. 4449
205 ILCS 305/49from Ch. 17, par. 4450
205 ILCS 305/51from Ch. 17, par. 4452
205 ILCS 305/52from Ch. 17, par. 4453
205 ILCS 305/53from Ch. 17, par. 4454
205 ILCS 305/54from Ch. 17, par. 4455
205 ILCS 305/55from Ch. 17, par. 4456
205 ILCS 305/56from Ch. 17, par. 4457
205 ILCS 305/57from Ch. 17, par. 4458
205 ILCS 305/58from Ch. 17, par. 4459
205 ILCS 305/59from Ch. 17, par. 4460
205 ILCS 305/60from Ch. 17, par. 4461
205 ILCS 305/61from Ch. 17, par. 4462
205 ILCS 305/62from Ch. 17, par. 4463
205 ILCS 305/63from Ch. 17, par. 4464
205 ILCS 305/64from Ch. 17, par. 4465
205 ILCS 305/65from Ch. 17, par. 4466
205 ILCS 305/66from Ch. 17, par. 4467
205 ILCS 305/67from Ch. 17, par. 4468
205 ILCS 305/68from Ch. 17, par. 4469
205 ILCS 305/69from Ch. 17, par. 4470
205 ILCS 305/69.1from Ch. 17, par. 4470.1
205 ILCS 305/70from Ch. 17, par. 4471
205 ILCS 305/71from Ch. 17, par. 4472

Synopsis As Introduced
Amends the Illinois Credit Union Act. Provides that if a credit union requests a hearing in response to an order of a fine, the Secretary of Financial and Professional Regulation shall schedule a hearing within 30 days after the request and the order shall be stayed until the final administrative order is entered. Makes changes in provisions concerning reciprocity, the powers and duties of the Secretary, powers of a credit union, and vacancies in the board of directors. Makes other changes. Also makes technical changes concerning the capitalization of "articles of incorporation," "board of directors," "credit committee," "chairman," and other terms. Effective January 1, 2012.

House Committee Amendment No. 1
Adds reference to:
205 ILCS 305/10from Ch. 17, par. 4411
205 ILCS 305/10.1

Further amends the Illinois Credit Union Act. In provisions throughout the Act that relate to rulemaking, replaces certain references to "the Secretary" with "the Secretary and the Director". Provides that the credit union shall register with the office (instead of the Secretary) prior to operating in the State, on a form specified by the Secretary. Makes other changes. Also makes technical changes.

Actions 
DateChamber Action
  2/23/2011HouseFiled with the Clerk by Rep. Joseph M. Lyons
  2/23/2011HouseFirst Reading
  2/23/2011HouseReferred to Rules Committee
  2/28/2011HouseAssigned to Financial Institutions Committee
  3/4/2011HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Joseph M. Lyons
  3/4/2011HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/8/2011HouseHouse Committee Amendment No. 1 Rules Refers to Financial Institutions Committee
  3/8/2011HouseHouse Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
  3/8/2011HouseDo Pass as Amended / Short Debate Financial Institutions Committee; 021-000-000
  3/9/2011HousePlaced on Calendar 2nd Reading - Short Debate
  3/9/2011HouseAdded Chief Co-Sponsor Rep. Brandon W. Phelps
  3/9/2011HouseAdded Chief Co-Sponsor Rep. Franco Coladipietro
  3/9/2011HouseAdded Chief Co-Sponsor Rep. Thomas Holbrook
  3/17/2011HouseSecond Reading - Short Debate
  3/17/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/30/2011HouseThird Reading - Short Debate - Passed 116-000-000
  3/31/2011SenateArrive in Senate
  3/31/2011SenatePlaced on Calendar Order of First Reading
  3/31/2011SenateChief Senate Sponsor Sen. David Koehler
  3/31/2011SenateFirst Reading
  3/31/2011SenateReferred to Assignments
  4/27/2011SenateAssigned to Financial Institutions
  5/5/2011SenateDo Pass Financial Institutions; 011-000-000
  5/5/2011SenatePlaced on Calendar Order of 2nd Reading May 6, 2011
  5/6/2011SenateSecond Reading
  5/6/2011SenatePlaced on Calendar Order of 3rd Reading May 10, 2011
  5/12/2011SenateThird Reading - Passed; 057-000-000
  5/12/2011HousePassed Both Houses
  6/10/2011HouseSent to the Governor
  7/14/2011HouseGovernor Approved
  7/14/2011HouseEffective Date January 1, 2012
  7/14/2011HousePublic Act . . . . . . . . . 97-0133

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