Illinois House Bill 4474

---

Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on January 16 2026 - 25% progression, died in committee
Action: 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Banking Act, the Savings Bank Act, and the Illinois Credit Union Act. Directs the Secretary of Financial and Professional Regulation to adopt and enforce administrative rules that prohibit the imposition by a bank, savings bank, or credit union of charges in connection with (i) a check drawn or other written order upon, or electronic transfer sought to be effectuated against, insufficient funds or uncollected balances in a consumer account, whether or not the financial institution pays such check, written order, or electronic transfer or (ii) a check or other written order received by such an institution for deposit or collection drawn against a consumer account and subsequently dishonored and returned for any reason by the drawee. Amends the Uniform Commercial Code. Repeals a provision that authorizes the imposition of overdraft fees. Amends the Criminal Code of 2012 and the Interest Act to make conforming changes.

BANKS-OVERDRAFT FEE BAN

Rep. Hoan Huynh [D]

Date	Chamber	Action
2026-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2026-03-18	House	Assigned to Financial Institutions and Licensing Committee
2026-01-20	House	Referred to Rules Committee
2026-01-20	House	First Reading
2026-01-16	House	Filed with the Clerk by Rep. Hoan Huynh

Chapter	Article	Section	Citation Type	Statute Text
205	205	9002	Amended Code	Citation Text
205	305	8	Amended Code	Citation Text
205	5	48	Amended Code	Citation Text
720	5	17-1b	Amended Code	Citation Text
810	5	3-806	Repealed Code	Citation Text
815	205	4.1a	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/Legislation/BillStatus?DocNum=4474&GAID=18&DocTypeID=HB&LegId=165196&SessionID=114
Text	https://www.ilga.gov/Legislation/BillStatus/FullText?LegDocId=206543&DocName=10400HB4474&DocNum=4474&DocTypeID=HB&LegID=165196&GAID=18&SessionID=114&SpecSess=&Session=