Illinois House Bill 3989 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 27 2015 - 25% progression, died in committee
Action: 2015-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Transmitters of Money Act. Deletes provision that a person who engages in conduct requiring a license under the Act and fails to obtain a license from the Director is guilty of a Class 3 felony. Amends the Criminal Code of 2012. In the statute concerning money laundering, provides that the laundering of property of a value exceeding $1,000,000 is a Class X felony. Creates the offense of engaging in monetary transactions in criminally derived property and the offense of unlawful money transmitting business. Defines offenses and establishes penalties. Amends the Code of Criminal Procedure of 1963. Provides that 2 or more acts or transactions involving money laundering, engaging in monetary transactions in criminally derived property, unlawful money transmitting business, online sale of stolen property, online theft by deception, electronic fencing, or workers' compensation fraud, may be charged as a single offense in a single count of the same indictment, information, or complaint, if the acts or transactions by one or more defendants are in furtherance of a single intention and design or if the property, labor, or services obtained are of the same person or are of several persons having a common interest in the property, labor, or services. Amends the Unified Code of Corrections to make conforming changes.

MONEY LAUNDERING

Rep. Ronald Sandack [R]

Date	Chamber	Action
2015-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2015-03-25	House	To Sentencing, Penalties, and Criminal Procedure Subcommittee
2015-03-12	House	Assigned to Judiciary - Criminal Committee
2015-02-27	House	Referred to Rules Committee
2015-02-27	House	First Reading
2015-02-27	House	Filed with the Clerk by Rep. Ron Sandack

Chapter	Article	Section	Citation Type	Statute Text
205	657	90	Amended Code	Citation Text
720	5	29B-1	Amended Code	Citation Text
720	5	29B-2	New Code	See Bill Text
720	5	29B-3	New Code	See Bill Text
725	5	111-4	Amended Code	Citation Text
730	5	5-5-3	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3989&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB3989.htm