Illinois General Assembly - Bill Status for HB2403
Illinois General Assembly

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 Bill Status of HB2403  102nd General Assembly


Short Description:  BANK AND CREDIT UNION-CANNABIS

House Sponsors
Rep. Kambium Buckner

Last Action
DateChamber Action
  1/10/2023HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Cannabis Banking and Credit Union Act. Establishes a procedure to license financial institutions to provide banking services to cannabis businesses. Sets forth provisions concerning an advisory board, application and licensure, authorizations, deposit insurance, banking services, prohibited practices, and operative conditions. Effective immediately.

Actions 
DateChamber Action
  2/17/2021HouseFiled with the Clerk by Rep. Kambium Buckner
  2/17/2021HouseFirst Reading
  2/17/2021HouseReferred to Rules Committee
  3/9/2021HouseAssigned to Executive Committee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2023HouseSession Sine Die

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