IL HB4947 | 2017-2018 | 100th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 14 2018 - 25% progression
Action: 2018-04-13 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Banking Act. Provides that a State bank that has been in existence for 10 years or more and has less than $50,000,000 (rather than $20,000,000) in assets may have a minimum of 3 directors. Extends the exemptions from loan and investment limits described in specified provisions of this Act to any department, bureau, board, commission, or establishment of the United States, including any corporation wholly owned by the United States. Provides that the Secretary shall provide information relating to the prior fiscal year upon the request of the State Banking Board.

Tracking Information

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Title

STATE BANK-BOARD

Sponsors


History

DateChamberAction
2018-04-13HouseRule 19(a) / Re-referred to Rules Committee
2018-03-21HouseAssigned to Financial Institutions Committee
2018-02-14HouseReferred to Rules Committee
2018-02-14HouseFirst Reading
2018-02-14HouseFiled with the Clerk by Rep. Natalie A. Manley

Code Citations

ChapterArticleSectionCitation TypeStatute Text
205516Amended CodeCitation Text
205535Amended CodeCitation Text
205580.5New CodeSee Bill Text

Illinois State Sources


Bill Comments

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