IL HB5194 | 2021-2022 | 102nd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 8-0)
Status: Passed on May 13 2022 - 100% progression
Action: 2022-05-13 - Public Act . . . . . . . . . 102-0802
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 8-0)
Status: Passed on May 13 2022 - 100% progression
Action: 2022-05-13 - Public Act . . . . . . . . . 102-0802
Text: Latest bill text (Chaptered) [HTML]
Summary
Creates the Banking Development District Act. Establishes a banking development district program. Provides that the Department of Financial and Professional Regulation shall, in consultation with the State Treasurer, adopt rules that set forth the criteria, including specified factors, for the establishment of banking development districts. Provides that the governing board of a local government, in conjunction with a depository institution, may submit an application to the Department for the designation of a banking development district. Provides that the boundaries of the proposed banking development district shall include property on which the depository institution plans to make improvements to establish a banking branch. Provides that the application shall include the legal description of the property to be designated. Provides that the Secretary of Financial and Professional Regulation shall, in consultation with the State Treasurer, issue a determination on an application within 60 days after receiving the application. Provides that if an application is approved, the Department shall transmit notification of the approval and a copy of all application materials to the applicants, the Governor, the State Comptroller, the State Treasurer, the Director of Commerce and Economic Opportunity, the President of the Senate, the Speaker of the House of Representatives, and the clerk of the county, the municipal clerk, or the equivalent official in which the property is located. Provides that the Department may adopt rules that define terms, rules that establish fees for applications or other services rendered by the Department, and rules necessary for the enforcement, interpretation, and implementation of the Act. Makes other changes. Effective January 1, 2023.
Title
BANKING DEVELOP DISTRICT ACT
Sponsors
| Rep. LaShawn Ford [D] | Rep. Mark Walker [D] | Rep. Latoya Greenwood [D] | Rep. Dagmara Avelar [D] |
| Rep. Maura Hirschauer [D] | Sen. Doris Turner [D] | Sen. Mike Simmons [D] | Sen. Mattie Hunter [D] |
Roll Calls
2022-04-01 - Senate - Third Reading in Senate (Y: 50 N: 0 NV: 9 Abs: 0) [PASS]
2022-03-04 - House - Third Reading in House (Y: 102 N: 0 NV: 3 Abs: 2) [PASS]
2022-03-04 - House - Third Reading in House (Y: 102 N: 0 NV: 3 Abs: 2) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-05-13 | House | Public Act . . . . . . . . . 102-0802 |
| 2022-05-13 | House | Effective Date January 1, 2023 |
| 2022-05-13 | House | Governor Approved |
| 2022-04-28 | House | Sent to the Governor |
| 2022-04-01 | Senate | Added as Alternate Co-Sponsor Sen. Mattie Hunter |
| 2022-04-01 | House | Passed Both Houses |
| 2022-04-01 | Senate | Third Reading - Passed; 050-000-000 |
| 2022-03-31 | Senate | Placed on Calendar Order of 3rd Reading April 1, 2022 |
| 2022-03-31 | Senate | Second Reading |
| 2022-03-30 | Senate | Placed on Calendar Order of 2nd Reading |
| 2022-03-30 | Senate | Do Pass Financial Institutions; 007-000-000 |
| 2022-03-30 | Senate | Added as Alternate Chief Co-Sponsor Sen. Mike Simmons |
| 2022-03-29 | Senate | Waive Posting Notice |
| 2022-03-25 | Senate | Rule 2-10 Committee Deadline Established As April 4, 2022 |
| 2022-03-23 | Senate | Postponed - Financial Institutions |
| 2022-03-16 | Senate | Assigned to Financial Institutions |
| 2022-03-07 | Senate | Referred to Assignments |
| 2022-03-07 | Senate | First Reading |
| 2022-03-07 | Senate | Chief Senate Sponsor Sen. Doris Turner |
| 2022-03-07 | Senate | Placed on Calendar Order of First Reading |
| 2022-03-07 | Senate | Arrive in Senate |
| 2022-03-04 | House | Added Co-Sponsor Rep. Maura Hirschauer |
| 2022-03-04 | House | Added Co-Sponsor Rep. Dagmara Avelar |
| 2022-03-04 | House | Added Chief Co-Sponsor Rep. LaToya Greenwood |
| 2022-03-04 | House | Added Chief Co-Sponsor Rep. Mark L. Walker |
| 2022-03-04 | House | Third Reading - Short Debate - Passed 102-000-000 |
| 2022-03-04 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2022-03-04 | House | House Floor Amendment No. 1 Adopted |
| 2022-03-02 | House | Held on Calendar Order of Second Reading - Short Debate |
| 2022-03-02 | House | Second Reading - Short Debate |
| 2022-02-22 | House | House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions Committee; 008-000-000 |
| 2022-02-22 | House | House Floor Amendment No. 1 Rules Refers to Financial Institutions Committee |
| 2022-02-17 | House | House Floor Amendment No. 1 Referred to Rules Committee |
| 2022-02-17 | House | House Floor Amendment No. 1 Filed with Clerk by Rep. La Shawn K. Ford |
| 2022-02-16 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2022-02-15 | House | Do Pass / Short Debate Financial Institutions Committee; 010-000-000 |
| 2022-02-09 | House | Assigned to Financial Institutions Committee |
| 2022-01-31 | House | Referred to Rules Committee |
| 2022-01-31 | House | First Reading |
| 2022-01-27 | House | Filed with the Clerk by Rep. La Shawn K. Ford |
