94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB2844

 

Introduced 2/22/2005, by Rep. Tom Cross

 

SYNOPSIS AS INTRODUCED:
 
New Act

    Creates the College Campus Credit Card Marketing Act. Provides that each college in the State shall prohibit the advertising, marketing, or merchandising of credit cards on college campuses to students, except as provided in newspapers, magazines, or similar publications; within any banking institution located on a college campus; or pursuant to an official college credit card marketing policy.


LRB094 03937 RXD 33952 b

 

 

A BILL FOR

 

HB2844 LRB094 03937 RXD 33952 b

1     AN ACT concerning business.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 1. Short title. This Act may be cited as the
5 College Campus Credit Card Marketing Act.
 
6     Section 5. Regulation of college credit card marketing.
7 Each college in the State shall prohibit the advertising,
8 marketing, or merchandising of credit cards on college campuses
9 to students, except as provided in newspapers, magazines, or
10 similar publications; within any banking institution located
11 on a college campus; or pursuant to an official college credit
12 card marketing policy. An official college credit card
13 marketing policy may include:
14         (1) registration of on-campus credit card marketers;
15         (2) limiting credit card marketers to specific dates
16     and specific areas of the campus as designated by the
17     college;
18         (3) prohibiting credit card marketers from offering
19     gifts to a student in exchange for completing a credit card
20     application; and
21         (4) informing students about good credit management
22     practices through programs which may include workshops,
23     seminars, discussion groups, and film presentations.