IL HB3553 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 2)
Status: Introduced on February 7 2025 - 25% progression, died in committee
Action: 2025-04-11 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 7 2025 - 25% progression, died in committee
Action: 2025-04-11 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Banking Act. In provisions concerning the penalty for misleading practices and names, changes the civil penalty that may be imposed to the maximum amount otherwise permitted under specified provisions, $100,000 for each violation (rather than $10,000 for each violation). Provides that the remedies provided in those provisions are in addition to, not to the exclusion of, any other remedies available under the law. Defines terms. Makes other changes.
Title
MISLEADING PRACTICES PENALTY
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-04-11 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2025-04-08 | House | Added Co-Sponsor Rep. Camille Y. Lilly |
| 2025-03-26 | House | Held on Calendar Order of Second Reading - Short Debate |
| 2025-03-26 | House | Second Reading - Short Debate |
| 2025-03-19 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2025-03-18 | House | Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 008-004-000 |
| 2025-03-18 | House | House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote |
| 2025-03-12 | House | House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee |
| 2025-03-11 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2025-03-11 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Margaret Croke |
| 2025-03-11 | House | Assigned to Financial Institutions and Licensing Committee |
| 2025-02-18 | House | Referred to Rules Committee |
| 2025-02-18 | House | First Reading |
| 2025-02-07 | House | Filed with the Clerk by Rep. Margaret Croke |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 205 | 5 | 46 | Amended Code | Citation Text |
