Illinois Senate Bill 929 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Creates the College Debit and Prepaid Card Services Regulation Act. Provides that if contracting with third-party financial firms to provide disbursement and management services of financial aid funds or management of financial accounts to students, the governing board or governing entity of a public or private post-secondary institution of education that enrolls one or more students who receive State or federal financial aid shall review and approve the contract after considering guidelines and policies established and recommended by the United States Consumer Financial Protection Bureau and the United States Department of Education. Sets forth what the contract may not permit. Requires the public or private post-secondary institution of education to make the contract available for public inspection and publish the contract on the Internet website operated by or for the public or private post-secondary institution of education. Provides that if a public university or public community college negotiates a contract with one or more third-party financial firms, the public university or public community college shall undertake reasonable efforts to establish collaboration agreements with other public universities or public community colleges to negotiate the services.

COLL DEBIT & PREPAID CARD REG

Sen. Thomas Cullerton [D]

Date	Chamber	Action
2019-01-09	Senate	Session Sine Die
2017-05-05	Senate	Rule 3-9(a) / Re-referred to Assignments
2017-04-07	Senate	Rule 2-10 Committee Deadline Established As May 5, 2017
2017-03-17	Senate	Rule 2-10 Committee Deadline Established As April 7, 2017
2017-02-15	Senate	Assigned to Financial Institutions
2017-02-07	Senate	Referred to Assignments
2017-02-07	Senate	First Reading
2017-02-07	Senate	Filed with Secretary by Sen. Thomas Cullerton

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=929&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB0929.htm