Date	Chamber	Action
1/10/2017	Senate	Session Sine Die

Statutes Amended In Order of Appearance

205 ILCS 5/48.3

from Ch. 17, par. 360.2

205 ILCS 205/9012

from Ch. 17, par. 7309-12

205 ILCS 305/9.1

Synopsis As Introduced
Amends the Illinois Banking Act and the Savings Bank Act. Replaces "Commissioner" with "Secretary" in provisions related to the disclosure of information in order to update references to the Secretary of Financial and Professional Regulation. Allows the Secretary to provide confidential supervisory information to the Federal Home Loan Bank of Chicago under certain circumstances. Amends the Illinois Credit Union Act. Includes the Federal Home Loan Bank of the Federal Home Loan Bank System district in which the credit union is located as an entity that confidential supervisory information may be disclosed to by the Secretary if it has a legitimate regulatory interest. Effective immediately.

Senate Committee Amendment No. 1
In provisions amending the Illinois Banking Act and the Savings Bank Act, removes references to the Federal Home Loan Bank of Chicago. Provides that the Secretary may furnish confidential supervisory information to a Federal Home Loan Bank in connection with any bank that is a member of the Federal Home Loan Bank or in connection with any application by the bank before the Federal Home Loan Bank. Provides that a bank or other financial institution or its officers, agents, and employees may disclose confidential supervisory information to a Federal Home Loan Bank of which it is a member. In provisions amending the Illinois Credit Union Act, removes the reference to the Federal Home Loan Bank of the Federal Home Loan Bank System district in which the credit union is located. Provides that relevant confidential supervisory information may be disclosed under specified circumstances to other agencies or entities having a legitimate regulatory interest, including, but not limited to, a Federal Home Loan Bank.

Actions 

Date	Chamber	Action
2/3/2016	Senate	Filed with Secretary by Sen. Chris Nybo
2/3/2016	Senate	First Reading
2/3/2016	Senate	Referred to Assignments
2/16/2016	Senate	Assigned to Financial Institutions
2/24/2016	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Chris Nybo
2/24/2016	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/1/2016	Senate	Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
3/9/2016	Senate	Senate Committee Amendment No. 1 Adopted
3/9/2016	Senate	Do Pass as Amended Financial Institutions; 008-000-000
3/9/2016	Senate	Placed on Calendar Order of 2nd Reading March 10, 2016
3/10/2016	Senate	Second Reading
3/10/2016	Senate	Placed on Calendar Order of 3rd Reading March 16, 2016
4/12/2016	Senate	Third Reading - Passed; 052-000-000
4/12/2016	House	Arrived in House
4/12/2016	House	Chief House Sponsor Rep. Patricia R. Bellock
4/12/2016	House	First Reading
4/12/2016	House	Referred to Rules Committee
1/10/2017	Senate	Session Sine Die

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