Illinois General Assembly - Bill Status for HB0823
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 Bill Status of HB0823  100th General Assembly

Short Description:  BANKS-COMMUNITY REINVESTMENT

House Sponsors
Rep. La Shawn K. Ford

Senate Sponsors
(Sen. Mattie Hunter - Jacqueline Y. Collins - Donne E. Trotter - Napoleon Harris, III)

Last Action
DateChamber Action
  8/24/2017HousePublic Act . . . . . . . . . 100-0304

Statutes Amended In Order of Appearance
20 ILCS 3205/6.2 new


Synopsis As Introduced
Amends the Division of Banking Act. Requires the Division of Banking to implement a program intended to encourage financial institutions to help meet the credit needs of the communities in which they serve, including low and moderate-income neighborhoods, consistent with safe and sound banking practices. Provides that the State shall not enter into a contract or renew a contract with a financial institution that does not participate in the program.

House Committee Amendment No. 1
Replaces everything after the enacting clause. Amends the Division of Banking Act. Provides that the Division of Banking of the Department of Financial and Professional Regulation shall review the federal Community Reinvestment Act performance evaluations of any financial institution regulated by the Division to monitor the efforts State chartered banks are making to meet the credit needs of the communities in which they serve, including low-income and moderate-income neighborhoods, consistent with safe and sound banking practice. Provides that the Department may electronically publish an annual report to provide the performance evaluations of State chartered banks.

Actions 
DateChamber Action
  1/30/2017HouseFiled with the Clerk by Rep. La Shawn K. Ford
  1/31/2017HouseFirst Reading
  1/31/2017HouseReferred to Rules Committee
  2/8/2017HouseAssigned to Business Incentives for Local Communities Committee
  3/3/2017HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. La Shawn K. Ford
  3/3/2017HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/8/2017HouseHouse Committee Amendment No. 1 Rules Refers to Business Incentives for Local Communities Committee
  3/9/2017HouseHouse Committee Amendment No. 1 Adopted in Business Incentives for Local Communities Committee; by Voice Vote
  3/9/2017HouseDo Pass as Amended / Short Debate Business Incentives for Local Communities Committee; 012-000-000
  3/9/2017HousePlaced on Calendar 2nd Reading - Short Debate
  3/15/2017HouseSecond Reading - Short Debate
  3/15/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/16/2017HouseThird Reading - Short Debate - Passed 105-000-002
  3/17/2017SenateArrive in Senate
  3/17/2017SenatePlaced on Calendar Order of First Reading
  3/21/2017SenateChief Senate Sponsor Sen. Mattie Hunter
  3/22/2017SenateFirst Reading
  3/22/2017SenateReferred to Assignments
  4/25/2017SenateAssigned to Financial Institutions
  5/10/2017SenateDo Pass Financial Institutions; 007-000-000
  5/10/2017SenatePlaced on Calendar Order of 2nd Reading May 11, 2017
  5/12/2017SenateSecond Reading
  5/12/2017SenatePlaced on Calendar Order of 3rd Reading May 15, 2017
  5/26/2017SenateRule 2-10 Third Reading Deadline Established As May 31, 2017
  5/29/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
  5/29/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Donne E. Trotter
  5/29/2017SenateAdded as Alternate Chief Co-Sponsor Sen. Napoleon Harris, III
  5/29/2017SenateThird Reading - Passed; 055-000-000
  5/29/2017HousePassed Both Houses
  6/27/2017HouseSent to the Governor
  8/24/2017HouseGovernor Approved
  8/24/2017HouseEffective Date January 1, 2018
  8/24/2017HousePublic Act . . . . . . . . . 100-0304

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