Bill Status of HB2426  103rd General Assembly

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Short Description:  CURRENCY EXCHANGE ACT-LICENSES

House Sponsors
Rep. Camille Y. Lilly

Last Action

Date	Chamber	Action
3/10/2023	House	Rule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance

205 ILCS 405/10

from Ch. 17, par. 4817

205 ILCS 405/9 rep.

Synopsis As Introduced
Amends the Currency Exchange Act. Requires that an applicant for a license to operate a currency exchange must provide a statement that the business is in good standing with the State of Illinois and in compliance with the Department of Revenue. Repeals a provision that prohibits community currency exchanges and ambulatory currency exchanges from issuing tokens to be used instead of money for the purchase of goods or services from any enterprise.

Actions 

Date	Chamber	Action
2/14/2023	House	Filed with the Clerk by Rep. Camille Y. Lilly
2/15/2023	House	First Reading
2/15/2023	House	Referred to Rules Committee
2/28/2023	House	Assigned to Financial Institutions and Licensing Committee
3/10/2023	House	Rule 19(a) / Re-referred to Rules Committee