Illinois House Bill 3543 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on July 14 2015 - 100% progression
Action: 2015-07-14 - Public Act . . . . . . . . . 99-0039
Text: Latest bill text (Chaptered) [HTML]

Amends the Illinois Banking Act. Provides that the Secretary of Financial and Professional Regulation may assess reasonable receivership fees against any State bank that does not maintain insurance with the Federal Deposit Insurance Corporation. Provides that members of the State Banking Board of Illinois cease to be eligible to serve on the Board once they no longer meet the requirements of their original appointment; however a member from a State Bank shall not be disqualified solely due to a change in the bank's asset size. Amends the Savings Bank Act. Provides that savings banks and service corporations shall pay specified fees in quarterly installments. Removes a provision concerning a fee that is levied as an adjustment to the supervisory fee. Provides that the Secretary may assess reasonable receivership fees against any savings bank operating under the Act that does not maintain insurance with the Federal Deposit Insurance Corporation. Provides that if the funds in the estate of the savings bank are insufficient to cover the expenses that arise from the administration of a receivership, the Secretary may pay such expenses from the Non-insured Institutions Receivership account. Provides that members of the Board of Savings Banks cease to be eligible to serve on the Board once they no longer meet the requirements of their original appointment.

SAVINGS BANK ACT

Rep. Adam Brown [R]

Sen. Chris Nybo [R]

2015-05-19 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]
2015-04-15 - House - Third Reading in House (Y: 114 N: 0 NV: 3 Abs: 0) [PASS]

Date	Chamber	Action
2015-07-14	House	Public Act . . . . . . . . . 99-0039
2015-07-14	House	Effective Date January 1, 2016
2015-07-14	House	Governor Approved
2015-06-17	House	Sent to the Governor
2015-05-19	House	Passed Both Houses
2015-05-19	Senate	Third Reading - Passed; 056-000-000
2015-05-18	Senate	Placed on Calendar Order of 3rd Reading May 19, 2015
2015-05-18	Senate	Second Reading
2015-04-29	Senate	Placed on Calendar Order of 2nd Reading April 30, 2015
2015-04-29	Senate	Do Pass Financial Institutions; 007-000-000
2015-04-22	Senate	Assigned to Financial Institutions
2015-04-16	Senate	Referred to Assignments
2015-04-16	Senate	First Reading
2015-04-15	Senate	Chief Senate Sponsor Sen. Chris Nybo
2015-04-15	Senate	Placed on Calendar Order of First Reading April 16, 2015
2015-04-15	Senate	Arrive in Senate
2015-04-15	House	Third Reading - Short Debate - Passed 114-000-001
2015-04-14	House	Placed on Calendar Order of 3rd Reading - Short Debate
2015-04-14	House	Second Reading - Short Debate
2015-03-26	House	Placed on Calendar 2nd Reading - Short Debate
2015-03-25	House	Do Pass / Short Debate Business & Occupational Licenses Committee; 009-000-000
2015-03-19	House	Assigned to Business & Occupational Licenses Committee
2015-02-26	House	Referred to Rules Committee
2015-02-26	House	First Reading
2015-02-26	House	Filed with the Clerk by Rep. Adam Brown

Chapter	Article	Section	Citation Type	Statute Text
205	205	10085	Amended Code	Citation Text
205	205	12201	Amended Code	Citation Text
205	205	9002.5	Amended Code	Citation Text
205	5	48	Amended Code	Citation Text
205	5	48.05	Amended Code	Citation Text
205	5	78	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3543&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB3543.htm
Text	https://www.ilga.gov/legislation/99/HB/09900HB3543eng.htm
Text	https://www.ilga.gov/legislation/99/HB/09900HB3543enr.htm
Text	https://www.ilga.gov/legislation/publicacts/99/099-0039.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/99/house/09900HB3543_04152015_004000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/99/senate/09900HB3543_05192015_060000T.pdf