Illinois General Assembly - Bill Status for HB4614
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 Bill Status of HB4614  99th General Assembly

Short Description:  FINANCIAL INST CURRENCY EXCH

House Sponsors
Rep. Adam Brown

Senate Sponsors
(Sen. Michael Connelly)

Last Action
DateChamber Action
  7/15/2016HousePublic Act . . . . . . . . . 99-0549

Statutes Amended In Order of Appearance
20 ILCS 1205/16from Ch. 17, par. 117
205 ILCS 405/14from Ch. 17, par. 4823


Synopsis As Introduced
Amends the Financial Institutions Code. Creates a Supervisor of Consumer Credit and a Supervisor of Title Insurance. Removes the Supervisor of Consumer Finance Business and the Supervisor of Sales Finance Agencies. Amends the Currency Exchange Act. Removes language requiring a licensee to file an annual report, annual bonds, and insurance policies at the same time the licensee pays his or her annual license fees. Effective immediately.

House Floor Amendment No. 2
In provisions amending the Currency Exchange Act, restores provisions requiring a licensee to file an annual bond or bonds and insurance policy or policies with the Secretary of Financial and Professional Regulation.

Actions 
DateChamber Action
  1/29/2016HouseFiled with the Clerk by Rep. Adam Brown
  2/1/2016HouseFirst Reading
  2/1/2016HouseReferred to Rules Committee
  2/16/2016HouseAssigned to Financial Institutions Committee
  2/24/2016HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Adam Brown
  2/24/2016HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/1/2016HouseDo Pass / Short Debate Financial Institutions Committee; 019-000-000
  3/1/2016HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  3/2/2016HousePlaced on Calendar 2nd Reading - Short Debate
  3/3/2016HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Adam Brown
  3/3/2016HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  3/28/2016HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
  4/12/2016HouseSecond Reading - Short Debate
  4/12/2016HouseHouse Floor Amendment No. 2 Adopted
  4/12/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/13/2016HouseThird Reading - Short Debate - Passed 113-000-000
  4/14/2016SenateArrive in Senate
  4/14/2016SenatePlaced on Calendar Order of First Reading
  4/14/2016SenateChief Senate Sponsor Sen. Michael Connelly
  4/14/2016SenateFirst Reading
  4/14/2016SenateReferred to Assignments
  4/27/2016SenateAssigned to Financial Institutions
  5/5/2016SenateDo Pass Financial Institutions; 006-000-000
  5/5/2016SenatePlaced on Calendar Order of 2nd Reading May 10, 2016
  5/10/2016SenateSecond Reading
  5/10/2016SenatePlaced on Calendar Order of 3rd Reading May 11, 2016
  5/24/2016SenateThird Reading - Passed; 055-000-000
  5/24/2016HousePassed Both Houses
  6/22/2016HouseSent to the Governor
  7/15/2016HouseGovernor Approved
  7/15/2016HouseEffective Date July 15, 2016
  7/15/2016HousePublic Act . . . . . . . . . 99-0549

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