Illinois House Bill 5497 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Passed on August 10 2018 - 100% progression
Action: 2018-08-10 - Public Act . . . . . . . . . 100-0778
Text: Latest bill text (Chaptered) [HTML]

Amends the Illinois Credit Union Act. Provides that a credit union may furnish the financial records of a member to an appropriate law enforcement authority upon written request from the law enforcement authority explaining a reasonable suspicion of an imminent threat to the personal security and safety of a member exists. Provides that a supervisory committee of a credit union with assets of $10,000,000 or more shall engage a certified public accountant or certified public accounting firm licensed by the Department of Financial and Professional Regulation to perform an annual external independent audit. Provides that a supervisory committee of a credit union with assets of $5,000,000 or more but less than $10,000,000 shall engage a certified public accountant or certified public accounting firm licensed by the Department to perform an annual external independent audit or an agreed-upon procedures report. Provides that the external independent audit report or agreed upon procedures report shall be delivered to the Secretary of Financial and Professional Regulation no later than 120 days after the end of the calendar or fiscal year. Provides that funds not used in loans to the credit union's members may be invested to aid in the credit union's management or in the purchase and assumption of assets held by other financial institutions. Makes other changes. Effective immediately.

CREDIT UNION-AUDIT/EMAIL

Sen. Robert Martwick [D]	Rep. Michael McAuliffe [R]	Rep. Patricia Bellock [R]	Sen. John Mulroe [D]
Sen. Cristina Castro [D]	Sen. Mattie Hunter [D]

2018-05-21 - Senate - Third Reading in Senate (Y: 47 N: 0 NV: 12 Abs: 0) [PASS]
2018-04-23 - House - Third Reading in House (Y: 87 N: 24 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2018-08-10	House	Public Act . . . . . . . . . 100-0778
2018-08-10	House	Effective Date August 10, 2018
2018-08-10	House	Governor Approved
2018-06-19	House	Sent to the Governor
2018-05-21	House	Passed Both Houses
2018-05-21	Senate	Third Reading - Passed; 047-000-000
2018-05-21	Senate	Added as Alternate Co-Sponsor Sen. Mattie Hunter
2018-05-15	Senate	Placed on Calendar Order of 3rd Reading May 16, 2018
2018-05-15	Senate	Second Reading
2018-05-09	Senate	Added as Alternate Chief Co-Sponsor Sen. Cristina Castro
2018-05-09	Senate	Placed on Calendar Order of 2nd Reading May 10, 2018
2018-05-09	Senate	Do Pass Financial Institutions; 005-000-000
2018-05-01	Senate	Assigned to Financial Institutions
2018-04-24	Senate	Referred to Assignments
2018-04-24	Senate	First Reading
2018-04-24	Senate	Chief Senate Sponsor Sen. John G. Mulroe
2018-04-24	Senate	Placed on Calendar Order of First Reading
2018-04-24	Senate	Arrive in Senate
2018-04-23	House	Third Reading - Short Debate - Passed 087-024-000
2018-04-23	House	Added Chief Co-Sponsor Rep. Patricia R. Bellock
2018-04-23	House	Added Chief Co-Sponsor Rep. Michael P. McAuliffe
2018-04-20	House	Placed on Calendar Order of 3rd Reading - Short Debate
2018-04-20	House	House Floor Amendment No. 1 Adopted
2018-04-20	House	Second Reading - Short Debate
2018-04-18	House	Chief Sponsor Changed to Rep. Robert Martwick
2018-03-08	House	House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 005-000-000
2018-03-08	House	Placed on Calendar 2nd Reading - Short Debate
2018-03-07	House	House Floor Amendment No. 1 Referred to Rules Committee
2018-03-07	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Lou Lang
2018-03-06	House	Do Pass / Short Debate Financial Institutions Committee; 008-000-000
2018-02-26	House	Assigned to Financial Institutions Committee
2018-02-16	House	Referred to Rules Committee
2018-02-16	House	First Reading
2018-02-16	House	Filed with the Clerk by Rep. Lou Lang

Chapter	Article	Section	Citation Type	Statute Text
205	305	10	Amended Code	Citation Text
205	305	34	Amended Code	Citation Text
205	305	59	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5497&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB5497.htm
Text	https://www.ilga.gov/legislation/100/HB/10000HB5497eng.htm
Text	https://www.ilga.gov/legislation/100/HB/10000HB5497enr.htm
Text	https://www.ilga.gov/legislation/publicacts/100/100-0778.htm
Amendment	https://www.ilga.gov/legislation/100/HB/10000HB5497ham001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000HB5497_04232018_013000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000HB5497_05212018_010000T.pdf