Illinois General Assembly - Bill Status for HB5139
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 Bill Status of HB5139  100th General Assembly

Short Description:  REGULATORY SANDBOX ACT

House Sponsors
Rep. David S. Olsen - Jonathan Carroll - Mike Fortner - Michael J. Zalewski - Keith R. Wheeler

Senate Sponsors
(Sen. Dan McConchie - Michael Connelly)

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/6z-26


Synopsis As Introduced
Creates the Regulatory Sandbox Act. Creates the regulatory sandbox to enable persons to obtain limited access to the Illinois marketplace in order to test innovations in financial products or services. Provides requirements for approval to enter the regulatory sandbox, the application fee, and approval or denial time. Provides requirements for operating an innovation in the regulatory sandbox and extending a test period. Contains provisions regarding rules and judicial review of the administration of this Act. Makes conforming changes in the State Finance Act. Effective January 1, 2019.

House Floor Amendment No. 2
Provides that nothing in the Act shall be construed to limit the remedies provided under the Code of Civil Procedure.

Actions 
DateChamber Action
  2/15/2018HouseFiled with the Clerk by Rep. David S. Olsen
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  2/26/2018HouseAssigned to Cybersecurity, Data Analytics, & IT Committee
  3/8/2018HouseAdded Chief Co-Sponsor Rep. Jonathan Carroll
  3/8/2018HouseAdded Chief Co-Sponsor Rep. Mike Fortner
  3/8/2018HouseAdded Chief Co-Sponsor Rep. Michael J. Zalewski
  3/8/2018HouseAdded Chief Co-Sponsor Rep. Keith R. Wheeler
  3/8/2018HouseDo Pass / Short Debate Cybersecurity, Data Analytics, & IT Committee; 009-000-000
  3/8/2018HousePlaced on Calendar 2nd Reading - Short Debate
  4/11/2018HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. David S. Olsen
  4/11/2018HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/23/2018HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. David S. Olsen
  4/23/2018HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/24/2018HouseHouse Floor Amendment No. 2 Rules Refers to Cybersecurity, Data Analytics, & IT Committee
  4/25/2018HouseHouse Floor Amendment No. 2 Recommends Be Adopted Cybersecurity, Data Analytics, & IT Committee; 008-001-001
  4/25/2018HouseSecond Reading - Short Debate
  4/25/2018HouseHeld on Calendar Order of Second Reading - Short Debate
  4/27/2018HouseHouse Floor Amendment No. 2 Adopted
  4/27/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/27/2018HouseThird Reading - Short Debate - Passed 093-004-000
  4/27/2018HouseHouse Floor Amendment No. 1 Tabled Pursuant to Rule 40
  5/1/2018SenateArrive in Senate
  5/1/2018SenatePlaced on Calendar Order of First Reading
  5/1/2018SenateChief Senate Sponsor Sen. Dan McConchie
  5/1/2018SenateFirst Reading
  5/1/2018SenateReferred to Assignments
  5/1/2018SenateAdded as Alternate Chief Co-Sponsor Sen. Michael Connelly
  5/2/2018SenateAssigned to Licensed Activities and Pensions
  5/10/2018SenateDo Pass Licensed Activities and Pensions; 004-006-000
  5/10/2018SenatePostponed - Licensed Activities and Pensions
  5/11/2018SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2019HouseSession Sine Die

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