IL HB4429 | 2019-2020 | 101st General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 30 2020 - 25% progression, died in committee
Action: 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Currency Exchange Act. Requires that an applicant for a license to operate a currency exchange must provide a statement that the business is in good standing with the State of Illinois and in compliance with the Department of Revenue. Repeals a provision that allows community currency exchanges and ambulatory currency exchanges to engage in distribution of Supplemental Nutrition Assistance Program (SNAP) benefits and a provision that prohibits community currency exchanges and ambulatory currency exchanges from issuing tokens to be used instead of money for the purchase of goods or services from any enterprise.

Tracking Information

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Title

CURRENCY EXCHANGE ACT-LICENSES

Sponsors


History

DateChamberAction
2020-06-23HouseRule 19(b) / Re-referred to Rules Committee
2020-03-12HouseAssigned to Financial Institutions Committee
2020-02-03HouseReferred to Rules Committee
2020-02-03HouseFirst Reading
2020-01-30HouseFiled with the Clerk by Rep. Camille Y. Lilly

Code Citations

ChapterArticleSectionCitation TypeStatute Text
20540510Amended CodeCitation Text
2054053.2Repealed CodeCitation Text
2054059Repealed CodeCitation Text

Illinois State Sources


Bill Comments

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