Illinois Senate Bill 2885 (Prior Session Legislation)

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

Amends the Illinois Banking Act. Provides that a State bank that has been in existence for 10 years or more and has less than $50,000,000 (rather than $20,000,000) in assets may have a minimum of 3 directors. Extends the exemptions from loan and investment limits described in specified provisions of this Act to any department, bureau, board, commission, or establishment of the United States, including any corporation wholly owned by the United States. Provides that the Secretary shall provide information relating to the prior fiscal year upon the request of the State Banking Board.

STATE BANK-BOARD

Sen. Bill Brady [R]

Rep. Natalie Manley [D]

2018-04-23 - Senate - Third Reading in Senate (Y: 45 N: 0 NV: 14 Abs: 0) [PASS]

Date	Chamber	Action
2019-01-09	Senate	Session Sine Die
2018-11-15	Senate	Chief Sponsor Changed to Sen. William E. Brady
2018-05-18	House	Rule 19(a) / Re-referred to Rules Committee
2018-05-09	House	Assigned to Financial Institutions Committee
2018-05-09	House	Referred to Rules Committee
2018-05-09	House	First Reading
2018-05-09	House	Chief House Sponsor Rep. Natalie A. Manley
2018-04-23	House	Arrived in House
2018-04-23	Senate	Third Reading - Passed; 045-000-000
2018-04-18	Senate	Placed on Calendar Order of 3rd Reading April 19, 2018
2018-04-18	Senate	Second Reading
2018-04-11	Senate	Placed on Calendar Order of 2nd Reading April 12, 2018
2018-04-11	Senate	Do Pass Financial Institutions; 008-000-000
2018-02-21	Senate	Assigned to Financial Institutions
2018-02-14	Senate	Referred to Assignments
2018-02-14	Senate	First Reading
2018-02-14	Senate	Filed with Secretary by Sen. Chris Nybo

Chapter	Article	Section	Citation Type	Statute Text
205	5	16	Amended Code	Citation Text
205	5	35	Amended Code	Citation Text
205	5	80.5	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2885&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB2885.htm
Text	https://www.ilga.gov/legislation/100/SB/10000SB2885eng.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000SB2885_04232018_007000T.pdf