Illinois General Assembly - Bill Status for HB2542
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 Bill Status of HB2542  99th General Assembly

Short Description:  BANKING-BUSINESS CREDIT

House Sponsors
Rep. Monique D. Davis - Cynthia Soto - Barbara Flynn Currie - Mary E. Flowers - La Shawn K. Ford, Camille Y. Lilly, William Davis, Kenneth Dunkin, Esther Golar, Will Guzzardi, Elgie R. Sims, Jr., Arthur Turner, Litesa E. Wallace, Rita Mayfield, Elizabeth Hernandez, Martin J. Moylan, Carol Ammons, Eddie Lee Jackson, Sr., Jehan Gordon-Booth, Pamela Reaves-Harris, Emanuel Chris Welch and Christian L. Mitchell

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 5/47.5 new
205 ILCS 305/9.5 new


Synopsis As Introduced
Amends the Illinois Banking Act and the Illinois Credit Union Act. Requires financial institutions and credit unions to maintain and submit a record of applications for credit from women-owned businesses, minority-owned businesses, or small businesses. Provides requirements for the maintenance and collection of those records. Authorizes the Department of Financial and Professional Regulation to adopt rules necessary to implement the provisions. Provides that the provisions shall be operative only until the effective date of the federal regulations implementing a specified provision of the federal Dodd-Frank Wall Street Reform and Consumer Protection Act. Effective immediately.

Actions 
DateChamber Action
  2/18/2015HouseFiled with the Clerk by Rep. Monique D. Davis
  2/18/2015HouseFirst Reading
  2/18/2015HouseReferred to Rules Committee
  3/2/2015HouseAssigned to Financial Institutions Committee
  3/17/2015HouseDo Pass / Standard Debate Financial Institutions Committee; 013-006-000
  3/18/2015HousePlaced on Calendar 2nd Reading - Standard Debate
  3/26/2015HouseAdded Co-Sponsor Rep. Camille Y. Lilly
  4/14/2015HouseAdded Chief Co-Sponsor Rep. Cynthia Soto
  4/14/2015HouseAdded Chief Co-Sponsor Rep. Barbara Flynn Currie
  4/14/2015HouseAdded Chief Co-Sponsor Rep. Mary E. Flowers
  4/14/2015HouseAdded Chief Co-Sponsor Rep. La Shawn K. Ford
  4/14/2015HouseSecond Reading - Standard Debate
  4/14/2015HouseHeld on Calendar Order of Second Reading - Standard Debate
  4/16/2015HousePlaced on Calendar Order of 3rd Reading - Standard Debate
  4/17/2015HouseAdded Co-Sponsor Rep. William Davis
  4/17/2015HouseAdded Co-Sponsor Rep. Kenneth Dunkin
  4/17/2015HouseAdded Co-Sponsor Rep. Esther Golar
  4/17/2015HouseAdded Co-Sponsor Rep. Will Guzzardi
  4/17/2015HouseAdded Co-Sponsor Rep. Elgie R. Sims, Jr.
  4/17/2015HouseAdded Co-Sponsor Rep. Arthur Turner
  4/17/2015HouseAdded Co-Sponsor Rep. Litesa E. Wallace
  4/17/2015HouseAdded Co-Sponsor Rep. Rita Mayfield
  4/20/2015HouseThird Reading - Consideration Postponed
  4/20/2015HousePlaced on Calendar - Consideration Postponed
  4/20/2015HouseAdded Co-Sponsor Rep. Elizabeth Hernandez
  4/20/2015HouseAdded Co-Sponsor Rep. Martin J. Moylan
  4/20/2015HouseAdded Co-Sponsor Rep. Carol Ammons
  4/20/2015HouseAdded Co-Sponsor Rep. Eddie Lee Jackson, Sr.
  4/20/2015HouseAdded Co-Sponsor Rep. Jehan Gordon-Booth
  4/20/2015HouseAdded Co-Sponsor Rep. Pamela Reaves-Harris
  4/20/2015HouseAdded Co-Sponsor Rep. Emanuel Chris Welch
  4/20/2015HouseAdded Co-Sponsor Rep. Christian L. Mitchell
  4/24/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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