IL SB3084 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]
Summary
Amends the Transmitters of Money Act. Provides that a money transmitter applicant or a money transmitter licensee shall post a bond in the amount of $50,000 or an amount equal to 1% of all Illinois-based activity, whichever is greater (rather than the greater of $100,000 or an amount equal to the daily average of outstanding payment instruments for the preceding 12 months or operational history). Effective immediately.
Title
MONEY TRANSMITTER-SURETY BOND
Sponsors
| Sen. Chapin Rose [R] | Rep. David Olsen [R] |
Roll Calls
2018-04-18 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-09 | Senate | Session Sine Die |
| 2018-04-19 | House | Referred to Rules Committee |
| 2018-04-19 | House | First Reading |
| 2018-04-18 | House | Chief House Sponsor Rep. David S. Olsen |
| 2018-04-18 | House | Arrived in House |
| 2018-04-18 | Senate | Third Reading - Passed; 057-000-000 |
| 2018-04-10 | Senate | Placed on Calendar Order of 3rd Reading April 11, 2018 |
| 2018-04-10 | Senate | Second Reading |
| 2018-03-01 | Senate | Placed on Calendar Order of 2nd Reading March 13, 2018 |
| 2018-03-01 | Senate | Do Pass Licensed Activities and Pensions; 010-000-000 |
| 2018-02-21 | Senate | Assigned to Licensed Activities and Pensions |
| 2018-02-15 | Senate | Referred to Assignments |
| 2018-02-15 | Senate | First Reading |
| 2018-02-15 | Senate | Filed with Secretary by Sen. Chapin Rose |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 205 | 657 | 30 | Amended Code | Citation Text |
