Illinois House Bill 5139 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]

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.

REGULATORY SANDBOX ACT

Rep. David Olsen [R]	Rep. Jonathan Carroll [D]	Rep. Mike Fortner [R]	Rep. Michael Zalewski [D]
Rep. Keith Wheeler [R]	Sen. Dan McConchie [R]	Sen. Michael Connelly [R]

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

Date	Chamber	Action
2019-01-08	House	Session Sine Die
2018-05-11	Senate	Rule 3-9(a) / Re-referred to Assignments
2018-05-10	Senate	Postponed - Licensed Activities and Pensions
2018-05-10	Senate	Do Pass Licensed Activities and Pensions; 004-006-000
2018-05-02	Senate	Assigned to Licensed Activities and Pensions
2018-05-01	Senate	Added as Alternate Chief Co-Sponsor Sen. Michael Connelly
2018-05-01	Senate	Referred to Assignments
2018-05-01	Senate	First Reading
2018-05-01	Senate	Chief Senate Sponsor Sen. Dan McConchie
2018-05-01	Senate	Placed on Calendar Order of First Reading
2018-05-01	Senate	Arrive in Senate
2018-04-27	House	House Floor Amendment No. 1 Tabled Pursuant to Rule 40
2018-04-27	House	Third Reading - Short Debate - Passed 093-004-000
2018-04-27	House	Placed on Calendar Order of 3rd Reading - Short Debate
2018-04-27	House	House Floor Amendment No. 2 Adopted
2018-04-25	House	Held on Calendar Order of Second Reading - Short Debate
2018-04-25	House	Second Reading - Short Debate
2018-04-25	House	House Floor Amendment No. 2 Recommends Be Adopted Cybersecurity, Data Analytics, & IT Committee; 008-001-001
2018-04-24	House	House Floor Amendment No. 2 Rules Refers to Cybersecurity, Data Analytics, & IT Committee
2018-04-23	House	House Floor Amendment No. 2 Referred to Rules Committee
2018-04-23	House	House Floor Amendment No. 2 Filed with Clerk by Rep. David S. Olsen
2018-04-11	House	House Floor Amendment No. 1 Referred to Rules Committee
2018-04-11	House	House Floor Amendment No. 1 Filed with Clerk by Rep. David S. Olsen
2018-03-08	House	Placed on Calendar 2nd Reading - Short Debate
2018-03-08	House	Do Pass / Short Debate Cybersecurity, Data Analytics, & IT Committee; 009-000-000
2018-03-08	House	Added Chief Co-Sponsor Rep. Keith R. Wheeler
2018-03-08	House	Added Chief Co-Sponsor Rep. Michael J. Zalewski
2018-03-08	House	Added Chief Co-Sponsor Rep. Mike Fortner
2018-03-08	House	Added Chief Co-Sponsor Rep. Jonathan Carroll
2018-02-26	House	Assigned to Cybersecurity, Data Analytics, & IT Committee
2018-02-16	House	Referred to Rules Committee
2018-02-16	House	First Reading
2018-02-15	House	Filed with the Clerk by Rep. David S. Olsen

Chapter	Article	Section	Citation Type	Statute Text
30	105	6z-26	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5139&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB5139.htm
Text	https://www.ilga.gov/legislation/100/HB/10000HB5139eng.htm
Amendment	https://www.ilga.gov/legislation/100/HB/10000HB5139ham001.htm
Amendment	https://www.ilga.gov/legislation/100/HB/10000HB5139ham002.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000HB5139_04272018_055000T.pdf