BUGIELSKI-MEYER-CAPPARELLI-BIGGINS-BURKE AND SHARP. (O'MALLEY-REA) New Act 205 ILCS 5/5 from Ch. 17, par. 311 205 ILCS 5/5e 205 ILCS 5/48.1 from Ch. 17, par. 360 Creates the Banking on Illinois Act. Declares that laws regulating banks in Illinois should be liberally construed to encourage the chartering and operating of financial institutions that locate and maintain their main banking premises in Illinois. Amends the Illinois Banking Act to provide that the provisions of the Illinois Business Corporation Act of 1983 may be relied upon for guidance in matters of corporate governance not controlled by the Illinois Banking Act. Provides that banks may offer any product offered by an out-of-state bank. Provides that the establishment of account service charges is a business decision to be made by a bank. Provides that financial statements customers provide to banks are confidential. Effective immediately. FISCAL NOTE (Department of Financial Institutions) There would be no fiscal impact on the Department. 99-02-19 H FIRST READING 99-02-19 H ADDED AS A JOINT SPONSOR MEYER 99-02-19 H ADDED AS A JOINT SPONSOR CAPPARELLI 99-02-19 H ADDED AS A JOINT SPONSOR BIGGINS 99-02-19 H ADDED AS A JOINT SPONSOR BURKE 99-02-19 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-24 H ASSIGNED TO COMMITTEE FIN INSTIT 99-03-03 H DO PASS/SHORT DEBATE 018-000-000 HFIN 99-03-03 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-03-09 H FISCAL NOTE FILED 99-03-09 H SECOND READING-SHORT DEBATE 99-03-09 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-03-11 H THIRD READING/SHORT DEBATE/PASSED 106-004-005 99-03-12 H ADDED AS A CO-SPONSOR SHARP 99-03-16 S ARRIVE IN SENATE 99-03-16 S PLACED CALENDAR ORDER OF FIRST READING 99-03-17 99-03-16 S CHIEF SPONSOR O'MALLEY 99-03-17 S FIRST READING 99-03-17 S REFERRED TO SENATE RULES COMMITTEE RULES 99-03-22 S ADDED AS A CHIEF CO-SPONSOR REA 99-03-25 S ASSIGNED TO COMMITTEE FIN INST 99-04-29 S DO PASS 009-000-000 SFIC 99-04-29 S PLACED ON CALENDAR ORDER OF 2ND READING 99-05-04 99-05-04 S SECOND READING 99-05-04 S PLACED ON CALENDAR ORDER OF 3RD READING 99-05-05 99-05-11 S THIRD READING - PASSED 050-002-005 99-05-11 H PASSED BOTH HOUSES 99-06-09 H SENT TO THE GOVERNOR 99-07-29 H GOVERNOR APPROVED 99-07-29 H EFFECTIVE DATE 99-07-29 99-07-29 H PUBLIC ACT.............................. 91-0330 END OF INQUIRY Full Text Bill Summary