IL HB3791 | 2017-2018 | 100th General Assembly


Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 15-7)
Status: Passed on September 15 2017 - 100% progression
Action: 2017-09-15 - Public Act . . . . . . . . . 100-0507
Text: Latest bill text (Chaptered) [HTML]


Amends the Illinois Securities Law of 1953. Includes certain agents of title insurance companies and registered broker-dealers and registered investment advisors within the scope of the term "qualified escrowee". With respect to certain exempt transactions, removes a requirement that the dealer be organized under Illinois Law, authorizes the payment of finders fees, and make other changes. Permits an Internet Portal to accept equity as payment if specified conditions are met.

Tracking Information

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Roll Calls

2017-06-25 - House - Concurrence in House (Y: 101 N: 0 NV: 1 Abs: 1) [PASS]
2017-05-26 - Senate - Third Reading in Senate (Y: 53 N: 0 NV: 6 Abs: 0) [PASS]
2017-04-07 - House - Third Reading in House (Y: 103 N: 0 NV: 2 Abs: 1) [PASS]


2017-09-15HousePublic Act . . . . . . . . . 100-0507
2017-09-15HouseEffective Date June 1, 2018
2017-09-15HouseGovernor Approved
2017-07-24HouseSent to the Governor
2017-06-25HouseAdded Co-Sponsor Rep. Camille Y. Lilly
2017-06-25HousePassed Both Houses
2017-06-25HouseHouse Concurs
2017-06-25HouseSenate Floor Amendment No. 2 House Concurs 101-000-000
2017-05-29HouseSenate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000
2017-05-28HouseSenate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee
2017-05-28HouseSenate Floor Amendment No. 2 Motion Filed Concur Rep. Carol Sente
2017-05-28HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 2
2017-05-28HouseArrived in House
2017-05-26SenateSenate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
2017-05-26SenateThird Reading - Passed; 053-000-001
2017-05-19SenatePlaced on Calendar Order of 3rd Reading May 22, 2017
2017-05-19SenateSenate Floor Amendment No. 2 Adopted; T. Cullerton
2017-05-19SenateSecond Reading
2017-05-17SenateSenate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 006-000-000
2017-05-15SenateSenate Floor Amendment No. 2 Assignments Refers to Financial Institutions
2017-05-11SenateSenate Floor Amendment No. 2 Referred to Assignments
2017-05-11SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Thomas Cullerton
2017-05-10SenatePlaced on Calendar Order of 2nd Reading May 11, 2017
2017-05-10SenateDo Pass Financial Institutions; 007-000-000
2017-05-10SenateSenate Committee Amendment No. 1 Referred to Assignments
2017-05-10SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Thomas Cullerton
2017-05-02SenateAssigned to Financial Institutions
2017-04-20SenateReferred to Assignments
2017-04-20SenateFirst Reading
2017-04-20SenateChief Senate Sponsor Sen. Thomas Cullerton
2017-04-20SenatePlaced on Calendar Order of First Reading
2017-04-20SenateArrive in Senate
2017-04-07HouseAdded Co-Sponsor Rep. Patricia R. Bellock
2017-04-07HouseThird Reading - Short Debate - Passed 103-000-000
2017-04-05HousePlaced on Calendar Order of 3rd Reading - Short Debate
2017-04-05HouseSecond Reading - Short Debate
2017-03-30HouseAdded Co-Sponsor Rep. Brandon W. Phelps
2017-03-30HouseAdded Co-Sponsor Rep. Brian W. Stewart
2017-03-30HouseAdded Co-Sponsor Rep. Nick Sauer
2017-03-30HouseAdded Co-Sponsor Rep. Mark Batinick
2017-03-30HouseAdded Co-Sponsor Rep. Lawrence Walsh, Jr.
2017-03-30HouseAdded Co-Sponsor Rep. Jerry Costello, II
2017-03-30HouseAdded Co-Sponsor Rep. Martin J. Moylan
2017-03-30HouseAdded Co-Sponsor Rep. Anthony DeLuca
2017-03-30HouseAdded Chief Co-Sponsor Rep. Sheri Jesiel
2017-03-30HouseAdded Chief Co-Sponsor Rep. Elgie R. Sims, Jr.
2017-03-30HouseAdded Chief Co-Sponsor Rep. Barbara Wheeler
2017-03-30HouseAdded Chief Co-Sponsor Rep. David Harris
2017-03-30HouseAdded Co-Sponsor Rep. Emanuel Chris Welch
2017-03-30HouseAdded Co-Sponsor Rep. Natalie A. Manley
2017-03-30HouseAdded Co-Sponsor Rep. La Shawn K. Ford
2017-03-30HouseAdded Co-Sponsor Rep. Robyn Gabel
2017-03-30HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
2017-03-30HouseAdded Co-Sponsor Rep. Daniel V. Beiser
2017-03-30HousePlaced on Calendar 2nd Reading - Short Debate
2017-03-30HouseDo Pass as Amended / Short Debate Business Growth & Incentives Committee; 004-000-000
2017-03-30HouseHouse Committee Amendment No. 1 Adopted in Business Growth & Incentives Committee; by Voice Vote
2017-03-27HouseHouse Committee Amendment No. 1 Rules Refers to Business Growth & Incentives Committee
2017-03-24HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2017-03-24HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Carol Sente
2017-03-07HouseRe-assigned to Business Growth & Incentives Committee
2017-03-01HouseAssigned to Executive Committee
2017-02-10HouseReferred to Rules Committee
2017-02-10HouseFirst Reading
2017-02-10HouseFiled with the Clerk by Rep. Carol Sente

Code Citations

ChapterArticleSectionCitation TypeStatute Text
81552.35Amended CodeCitation Text
81554Amended CodeCitation Text
81558dAmended CodeCitation Text

Illinois State Sources

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Bill Comments