IL HB5139 | 2017-2018 | 100th General Assembly

Status

Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Engrossed on April 27 2018 - 50% progression
Action: 2018-05-11 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Engrossed) [HTML]

Summary

Creates the Regulatory Sandbox Act. Creates the regulatory sandbox to enable persons to obtain limited access to the Illinois marketplace in order to test innovations in financial products or services. Provides requirements for approval to enter the regulatory sandbox, the application fee, and approval or denial time. Provides requirements for operating an innovation in the regulatory sandbox and extending a test period. Contains provisions regarding rules and judicial review of the administration of this Act. Makes conforming changes in the State Finance Act. Effective January 1, 2019.

Tracking Information

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Title

REGULATORY SANDBOX ACT

Sponsors


Roll Calls

2018-04-27 - House - Third Reading in House (Y: 93 N: 4 NV: 2 Abs: 4) [PASS]

History

DateChamberAction
2018-05-11SenateRule 3-9(a) / Re-referred to Assignments
2018-05-10SenatePostponed - Licensed Activities and Pensions
2018-05-10SenateDo Pass Licensed Activities and Pensions; 004-006-000
2018-05-02SenateAssigned to Licensed Activities and Pensions
2018-05-01SenateAdded as Alternate Chief Co-Sponsor Sen. Michael Connelly
2018-05-01SenateReferred to Assignments
2018-05-01SenateFirst Reading
2018-05-01SenateChief Senate Sponsor Sen. Dan McConchie
2018-05-01SenatePlaced on Calendar Order of First Reading
2018-05-01SenateArrive in Senate
2018-04-27HouseHouse Floor Amendment No. 1 Tabled Pursuant to Rule 40
2018-04-27HouseThird Reading - Short Debate - Passed 093-004-000
2018-04-27HousePlaced on Calendar Order of 3rd Reading - Short Debate
2018-04-27HouseHouse Floor Amendment No. 2 Adopted
2018-04-25HouseHeld on Calendar Order of Second Reading - Short Debate
2018-04-25HouseSecond Reading - Short Debate
2018-04-25HouseHouse Floor Amendment No. 2 Recommends Be Adopted Cybersecurity, Data Analytics, & IT Committee; 008-001-001
2018-04-24HouseHouse Floor Amendment No. 2 Rules Refers to Cybersecurity, Data Analytics, & IT Committee
2018-04-23HouseHouse Floor Amendment No. 2 Referred to Rules Committee
2018-04-23HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. David S. Olsen
2018-04-11HouseHouse Floor Amendment No. 1 Referred to Rules Committee
2018-04-11HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. David S. Olsen
2018-03-08HousePlaced on Calendar 2nd Reading - Short Debate
2018-03-08HouseDo Pass / Short Debate Cybersecurity, Data Analytics, & IT Committee; 009-000-000
2018-03-08HouseAdded Chief Co-Sponsor Rep. Keith R. Wheeler
2018-03-08HouseAdded Chief Co-Sponsor Rep. Michael J. Zalewski
2018-03-08HouseAdded Chief Co-Sponsor Rep. Mike Fortner
2018-03-08HouseAdded Chief Co-Sponsor Rep. Jonathan Carroll
2018-02-26HouseAssigned to Cybersecurity, Data Analytics, & IT Committee
2018-02-16HouseReferred to Rules Committee
2018-02-16HouseFirst Reading
2018-02-15HouseFiled with the Clerk by Rep. David S. Olsen

Code Citations

ChapterArticleSectionCitation TypeStatute Text
301056z-26Amended CodeCitation Text

Illinois State Sources


Bill Comments

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