Illinois General Assembly - Bill Status for HB3296

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Bill Status of HB3296 103rd General Assembly

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Short Description: CREDIT UNION REGULATORY FEES

House Sponsors
Rep. Margaret Croke, Dagmara Avelar and Kam Buckner

Senate Sponsors
(Sen. Laura Ellman)

Last Action

Date	Chamber	Action
6/27/2023	House	Public Act . . . . . . . . . 103-0107

Statutes Amended In Order of Appearance

205 ILCS 305/12

from Ch. 17, par. 4413

Synopsis As Introduced
Amends the Illinois Credit Union Act. Provides that the regulatory fee schedule shall not be increased if the amount remaining in the Credit Union Fund at the end of any fiscal year is greater than 25% of that fiscal year's total initial appropriations, or the most recent fiscal year for which there is an initial appropriations, relating to the administration and enforcement of the provisions and other related laws, rules, and regulations (rather than the total actual and operational expenses incurred by the State in administering and enforcing the provisions and other laws, rules, and regulations as may apply to the administration and enforcement of laws, rules, and regulations for the preceding fiscal year). Provides that when the balance in the Credit Union Fund at the end of a fiscal year exceeds 25% of that fiscal year's total initial appropriations relating to the administration and enforcement of the provisions and other related laws, rules, and regulations (rather than the total administrative and operational expenses incurred by the State in administering and enforcing the provisions), the excess shall be credited to credit unions and applied against their regulatory fees for the subsequent fiscal year. Provides that the amount credited to each credit union shall be in the same proportion as the regulatory fee paid by that credit union for the fiscal year in which the excess is produced bears to the aggregate amount of all regulatory fees (rather than fees) collected by the Department of Financial and Professional Regulation under the provisions for the same fiscal year. Removes a regulatory fee cap of $141,875. Makes other changes.

House Floor Amendment No. 3
Replaces everything after the enacting clause. Amends the Illinois Credit Union Act. Provides that an annual regulatory fee paid by a credit union to the Department of Financial and Professional Regulation shall not be more than $210,000 (rather than $141,875). Effective immediately.

Actions

Date	Chamber	Action
2/17/2023	House	Filed with the Clerk by Rep. Margaret Croke
2/17/2023	House	First Reading
2/17/2023	House	Referred to Rules Committee
2/23/2023	House	Assigned to Financial Institutions and Licensing Committee
3/7/2023	House	Do Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000
3/8/2023	House	Placed on Calendar 2nd Reading - Short Debate
3/20/2023	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Margaret Croke
3/20/2023	House	House Floor Amendment No. 1 Referred to Rules Committee
3/22/2023	House	House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
3/22/2023	House	Added Co-Sponsor Rep. Dagmara Avelar
3/22/2023	House	Second Reading - Short Debate
3/22/2023	House	Held on Calendar Order of Second Reading - Short Debate
3/23/2023	House	Added Co-Sponsor Rep. Kam Buckner
3/23/2023	House	House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-003-000
3/27/2023	House	Rule 19(a) / Re-referred to Rules Committee
3/27/2023	House	House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
4/20/2023	House	Third Reading Deadline Extended-Rule May 19, 2023
4/20/2023	House	Approved for Consideration Rules Committee; 005-000-000
4/20/2023	House	Placed on Calendar 2nd Reading - Short Debate
4/20/2023	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Margaret Croke
4/20/2023	House	House Floor Amendment No. 2 Referred to Rules Committee
4/20/2023	House	House Floor Amendment No. 3 Filed with Clerk by Rep. Margaret Croke
4/20/2023	House	House Floor Amendment No. 3 Referred to Rules Committee
4/25/2023	House	House Floor Amendment No. 3 Rules Refers to Financial Institutions and Licensing Committee
4/25/2023	House	House Floor Amendment No. 3 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000
5/2/2023	House	House Floor Amendment No. 3 Adopted
5/2/2023	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/2/2023	House	Third Reading - Short Debate - Passed 068-040-000
5/3/2023	Senate	Arrive in Senate
5/3/2023	Senate	Placed on Calendar Order of First Reading
5/3/2023	Senate	Chief Senate Sponsor Sen. Laura Ellman
5/3/2023	Senate	First Reading
5/3/2023	Senate	Referred to Assignments
5/9/2023	Senate	Assigned to Financial Institutions
5/9/2023	Senate	Rule 2-10 Committee Deadline Established As May 19, 2023
5/11/2023	Senate	Rule 2-10 Third Reading Deadline Established As May 25, 2023
5/11/2023	Senate	Rule 2-10 Committee Deadline Established As May 21, 2023
5/12/2023	Senate	Rule 2-10 Third Reading Deadline Established As May 19, 2023
5/16/2023	Senate	Do Pass Financial Institutions; 005-000-000
5/16/2023	Senate	Placed on Calendar Order of 2nd Reading
5/16/2023	Senate	Second Reading
5/16/2023	Senate	Placed on Calendar Order of 3rd Reading May 17, 2023
5/17/2023	Senate	Third Reading - Passed; 040-017-000
5/17/2023	House	Passed Both Houses
6/15/2023	House	Sent to the Governor
6/27/2023	House	Governor Approved
6/27/2023	House	Public Act . . . . . . . . . 103-0107
6/27/2023	House	Effective Date June 27, 2023