IL SB1813 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 20-8)
Status: Passed on August 23 2019 - 100% progression
Action: 2019-08-23 - Public Act . . . . . . . . . 101-0567
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the Illinois Credit Union Act. Provides that if the Act requires information to be written or delivered in writing, an electronic record or delivery satisfies the rule of law. Provides that if the Act requires a policy, record, notice, or other document or information to be mailed or otherwise furnished or disclosed by a credit union, electronic distribution or delivery satisfies the rule of law. Provides that a policy adopted by the board may delegate expulsion authority to senior management officials of the credit union. Provides that a member expelled by a senior management official may seek reinstatement by appealing the action within 30 days of expulsion to the board of directors, and that the board may affirm, disaffirm, or modify the action, and the board's decision is final. Provides that a credit union may invest in securities, obligations, or other instruments of or issued by entities properly registered with or licensed by the Department of Financial and Professional Regulation. Increases a credit union's aggregate loan amount and the total amount of funds not used in loans to members that may be invested in shares and stocks of Credit Union Service Organizations to 10% (instead of 3%) of the paid-in and unimpaired capital and surplus of the credit union. Modifies a credit union's investment limit in shares or stocks of Credit Union Service Organizations to not exceed 10% (instead of 3%) of the paid-in and unimpaired capital and surplus of the credit union or the amount authorized for federal credit unions. Makes other changes. Effective immediately.

Tracking Information

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Title

CREDIT UNION ACT-VARIOUS

Sponsors


Roll Calls

2019-05-31 - Senate - Concurrence in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
2019-05-30 - House - Third Reading in House (Y: 88 N: 27 NV: 2 Abs: 0) [PASS]
2019-04-10 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]

History

DateChamberAction
2019-08-23SenatePublic Act . . . . . . . . . 101-0567
2019-08-23SenateEffective Date August 23, 2019
2019-08-23SenateGovernor Approved
2019-06-28SenateSent to the Governor
2019-05-31SenatePassed Both Houses
2019-05-31SenateSenate Concurs
2019-05-31SenateHouse Committee Amendment No. 1 Senate Concurs 058-000-000
2019-05-31SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Licensed Activities; 006-000-000
2019-05-30SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Licensed Activities
2019-05-30SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments
2019-05-30SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. John G. Mulroe
2019-05-30SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2019
2019-05-30SenateSecretary's Desk - Concurrence House Amendment(s) 1
2019-05-30HouseThird Reading - Short Debate - Passed 088-027-000
2019-05-30HousePlaced on Calendar Order of 3rd Reading - Short Debate
2019-05-29HouseHeld on Calendar Order of Second Reading - Short Debate
2019-05-29HouseSecond Reading - Short Debate
2019-05-29HousePlaced on Calendar 2nd Reading - Short Debate
2019-05-29HouseDo Pass as Amended / Short Debate Financial Institutions Committee; 009-000-000
2019-05-29HouseHouse Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
2019-05-28HouseMotion to Suspend Rule 21 - Prevailed
2019-05-28HouseMotion Filed to Suspend Rule 21 Financial Institutions Committee; Rep. Kathleen Willis
2019-05-28HouseHouse Committee Amendment No. 1 Rules Refers to Financial Institutions Committee
2019-05-28HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2019-05-28HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Robert Rita
2019-05-28HouseFinal Action Deadline Extended-9(b) May 31, 2019
2019-05-28HouseAssigned to Financial Institutions Committee
2019-05-21HouseAdded Alternate Co-Sponsor Rep. Amy Grant
2019-05-21HouseAdded Alternate Co-Sponsor Rep. Kelly M. Cassidy
2019-05-21HouseAdded Alternate Co-Sponsor Rep. Rita Mayfield
2019-05-21HouseAdded Alternate Co-Sponsor Rep. Monica Bristow
2019-05-20HouseAdded Alternate Co-Sponsor Rep. Jay Hoffman
2019-05-17HouseAdded Alternate Co-Sponsor Rep. Sara Feigenholtz
2019-05-17HouseAdded Alternate Co-Sponsor Rep. William Davis
2019-05-17HouseAdded Alternate Co-Sponsor Rep. André Thapedi
2019-05-17HouseAdded Alternate Co-Sponsor Rep. Frances Ann Hurley
2019-05-17HouseAdded Alternate Co-Sponsor Rep. Martin J. Moylan
2019-05-17HouseAdded Alternate Chief Co-Sponsor Rep. C.D. Davidsmeyer
2019-05-17HouseAdded Alternate Chief Co-Sponsor Rep. Anthony DeLuca
2019-05-17HouseAdded Alternate Chief Co-Sponsor Rep. Michael P. McAuliffe
2019-05-17HouseAdded Alternate Chief Co-Sponsor Rep. Camille Y. Lilly
2019-05-16HouseAdded Alternate Co-Sponsor Rep. Natalie A. Manley
2019-05-16HouseAdded Alternate Co-Sponsor Rep. Kelly M. Burke
2019-05-16HouseAdded Alternate Co-Sponsor Rep. John C. D'Amico
2019-05-16HouseAdded Alternate Co-Sponsor Rep. Robert Martwick
2019-05-16HouseAdded Alternate Co-Sponsor Rep. Lawrence Walsh, Jr.
2019-05-16HouseAdded Alternate Co-Sponsor Rep. Dan Ugaste
2019-05-16HouseAdded Alternate Co-Sponsor Rep. Ryan Spain
2019-05-16HouseAdded Alternate Co-Sponsor Rep. Norine K. Hammond
2019-05-15HouseAdded Alternate Co-Sponsor Rep. Michael J. Zalewski
2019-05-15HouseAdded Alternate Co-Sponsor Rep. Tim Butler
2019-05-15HouseAdded Alternate Co-Sponsor Rep. Mike Murphy
2019-04-11HouseReferred to Rules Committee
2019-04-11HouseFirst Reading
2019-04-11HouseChief House Sponsor Rep. Robert Rita
2019-04-11HouseArrived in House
2019-04-10SenateThird Reading - Passed; 056-000-000
2019-04-04SenatePlaced on Calendar Order of 3rd Reading
2019-04-04SenateSenate Floor Amendment No. 2 Adopted; Mulroe
2019-04-04SenateSenate Floor Amendment No. 1 Adopted; Mulroe
2019-04-04SenateRecalled to Second Reading
2019-03-27SenateSenate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 006-000-000
2019-03-27SenateSenate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 006-000-000
2019-03-26SenateSenate Floor Amendment No. 2 Assignments Refers to Financial Institutions
2019-03-26SenateAdded as Co-Sponsor Sen. Antonio Muñoz
2019-03-20SenateSenate Floor Amendment No. 2 Referred to Assignments
2019-03-20SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. John G. Mulroe
2019-03-20SenateSenate Floor Amendment No. 1 Postponed - Financial Institutions
2019-03-14SenateSenate Floor Amendment No. 1 Assignments Refers to Financial Institutions
2019-03-13SenateSenate Floor Amendment No. 1 Referred to Assignments
2019-03-13SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe
2019-03-06SenatePlaced on Calendar Order of 3rd Reading March 7, 2019
2019-03-06SenateSecond Reading
2019-03-06SenatePlaced on Calendar Order of 2nd Reading
2019-03-06SenateDo Pass Financial Institutions; 009-000-000
2019-02-27SenateAssigned to Financial Institutions
2019-02-15SenateReferred to Assignments
2019-02-15SenateFirst Reading
2019-02-15SenateFiled with Secretary by Sen. John G. Mulroe

Code Citations

ChapterArticleSectionCitation TypeStatute Text
20530510.2New CodeSee Bill Text
20530515Amended CodeCitation Text
20530523Amended CodeCitation Text
20530544Amended CodeCitation Text
20530551Amended CodeCitation Text
20530557.1Amended CodeCitation Text
20530559Amended CodeCitation Text
20530563Amended CodeCitation Text

Illinois State Sources

TypeSource
Summaryhttp://www.ilga.gov/legislation/BillStatus.asp?DocNum=1813&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Texthttp://www.ilga.gov/legislation/101/SB/10100SB1813.htm
Texthttp://www.ilga.gov/legislation/101/SB/10100SB1813eng.htm
Texthttp://www.ilga.gov/legislation/101/SB/10100SB1813enr.htm
Texthttp://www.ilga.gov/legislation/publicacts/101/101-0567.htm
Amendmenthttp://www.ilga.gov/legislation/101/SB/10100SB1813sam001.htm
Amendmenthttp://www.ilga.gov/legislation/101/SB/10100SB1813sam002.htm
Amendmenthttp://www.ilga.gov/legislation/101/SB/10100SB1813ham001.htm
Roll Callhttp://www.ilga.gov/legislation/votehistory/101/senate/10100SB1813_04102019_074000T.pdf
Roll Callhttp://www.ilga.gov/legislation/votehistory/101/house/10100SB1813_05302019_014000T.pdf
Roll Callhttp://www.ilga.gov/legislation/votehistory/101/senate/10100SB1813ham001_05312019_062000C.pdf

Bill Comments

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