SCHOENBERG-LEITCH-TENHOUSE AND HOEFT. 205 ILCS 616/47 new Amends the Electronic Fund Transfer Act. Provides that an entity whose principal place of business is not in Illinois may not process interchange transactions in Illinois unless entities with their principal place of business in Illinois may process interchange transactions in that other state. Provides that the Commissioner of Banks and Trust Companies has the authority to make determinations regarding reciprocity. Does not prohibit or affect arrangements in effect before the effective date of this amendatory Act. Effective immediately. FISCAL NOTE (Dpt. Financial Institutions) There would be no fiscal impact on the Department. STATE MANDATES FISCAL NOTE (DCCA) HB1777 fails to create a State mandate. HOME RULE NOTE HB1777 does not affect units of local gov't. and does not preempt home rule authority. 97-03-06 H FIRST READING 97-03-06 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-03-11 H ASSIGNED TO COMMITTEE FIN INSTIT 97-03-19 H DO PASS/SHORT DEBATE 020-007-000 HFIN 97-03-19 H PLACED CALENDAR 2ND READING-SHORT DEBATE 97-03-20 H FISCAL NOTE REQUESTED BLACK 97-03-20 H STATE MANDATES FISCAL NOTE REQUESTED BLACK 97-03-20 H FISCAL NOTE FILED 97-03-20 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-03-25 H ADDED AS A JOINT SPONSOR LEITCH 97-03-25 H ADDED AS A CO-SPONSOR TENHOUSE 97-04-07 H STATE MANDATES FISCAL NOTE FILED 97-04-07 H CALENDAR ORDER 2ND READING-SHORT DEBATE 97-04-12 H SECOND READING-SHORT DEBATE 97-04-12 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 97-04-15 H HOME RULE NOTE REQUESTED MAUTINO 97-04-15 H CALENDAR ORDER 3RD READING-SHORT DEBATE 97-04-18 H HOME RULE NOTE FILED 97-04-18 H CALENDAR ORDER 3RD READING-SHORT DEBATE 97-04-24 H ADDED AS A CO-SPONSOR HOEFT 97-04-25 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary