Illinois House Bill 2969 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 7-0)
Status: Passed on August 5 2013 - 100% progression
Action: 2013-08-05 - Public Act . . . . . . . . . 98-0174
Text: Latest bill text (Chaptered) [HTML]

Amends language in the Illinois Securities Law of 1953 providing that the 3-year period for seeking specified relief under the Act begins to run on the earlier of the date the party bringing the action has actual knowledge of the alleged violation or the date the party bringing the action has notice of facts which in the exercise of reasonable diligence would lead to actual knowledge of the alleged violation. Deletes language providing that the period of limitation may not be extended more than 2 years beyond the expiration of the 3-year period. Effective immediately.

SECURITIES SUIT TIME LIMIT

Rep. Mike Smiddy [D]	Rep. Jack Franks [D]	Rep. Keith Farnham [D]	Rep. Carol Sente [D]
Rep. Emanuel Welch [D]	Sen. Steve Stadelman [D]	Sen. Ira Silverstein [D]

2013-05-22 - Senate - Third Reading in Senate (Y: 51 N: 7 NV: 1 Abs: 0) [PASS]
2013-04-15 - House - Third Reading in House (Y: 93 N: 21 NV: 2 Abs: 0) [PASS]

Date	Chamber	Action
2013-08-05	House	Public Act . . . . . . . . . 98-0174
2013-08-05	House	Effective Date August 5, 2013
2013-08-05	House	Governor Approved
2013-06-19	House	Sent to the Governor
2013-05-22	House	Passed Both Houses
2013-05-22	Senate	Third Reading - Passed; 051-007-000
2013-05-21	Senate	Placed on Calendar Order of 3rd Reading May 22, 2013
2013-05-21	Senate	Second Reading
2013-05-08	Senate	Placed on Calendar Order of 2nd Reading May 9, 2013
2013-05-08	Senate	Do Pass Judiciary; 012-000-000
2013-05-01	Senate	Assigned to Judiciary
2013-05-01	Senate	Referred to Assignments
2013-05-01	Senate	First Reading
2013-04-30	Senate	Added as Alternate Co-Sponsor Sen. Ira I. Silverstein
2013-04-30	Senate	Chief Senate Sponsor Sen. Steve Stadelman
2013-04-16	Senate	Placed on Calendar Order of First Reading April 17, 2013
2013-04-16	Senate	Arrive in Senate
2013-04-15	House	Added Chief Co-Sponsor Rep. Carol A. Sente
2013-04-15	House	Added Chief Co-Sponsor Rep. Keith Farnham
2013-04-15	House	Added Chief Co-Sponsor Rep. Jack D. Franks
2013-04-15	House	Third Reading - Short Debate - Passed 093-021-001
2013-04-03	House	Added Co-Sponsor Rep. Emanuel Chris Welch
2013-03-15	House	Placed on Calendar Order of 3rd Reading - Short Debate
2013-03-15	House	Second Reading - Short Debate
2013-03-14	House	Placed on Calendar 2nd Reading - Short Debate
2013-03-13	House	Do Pass / Short Debate State Government Administration Committee; 018-002-000
2013-03-04	House	Assigned to State Government Administration Committee
2013-02-26	House	Referred to Rules Committee
2013-02-26	House	First Reading
2013-02-26	House	Filed with the Clerk by Rep. Mike Smiddy

Chapter	Article	Section	Citation Type	Statute Text
815	5	13	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2969&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB2969.htm
Text	https://www.ilga.gov/legislation/98/HB/09800HB2969eng.htm
Text	https://www.ilga.gov/legislation/98/HB/09800HB2969enr.htm
Text	https://www.ilga.gov/legislation/publicacts/98/098-0174.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/98/house/09800HB2969_04152013_017000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/98/senate/09800HB2969_05222013_051000T.pdf