IL SB3235 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 25-0)
Status: Passed on August 9 2024 - 100% progression
Action: 2024-08-09 - Public Act . . . . . . . . . 103-0959
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 25-0)
Status: Passed on August 9 2024 - 100% progression
Action: 2024-08-09 - Public Act . . . . . . . . . 103-0959
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Illinois Community Reinvestment Act. Requires the Commission on Equity and Inclusion to conduct studies to: (1) identify and delineate geographies in Illinois exhibiting significant disparities by protected classes as identified by the Human Rights Act with respect to access to financial products or services and lending and investments by covered financial institutions; (2) identify policies, procedures, patterns, or practices that have or may have a disparate impact or discriminatory effect; and (3) identify opportunities for establishing and growing Banking Development Districts in geographic locations where there are the greatest underbanked and unbanked populations and opportunities for partnerships between depository institutions and local communities. Authorizes the Secretary of Financial and Professional Regulation to implement the findings and other results from such studies into the examination process through rules adopted in accordance with the Illinois Administrative Procedure Act. Provides that any costs incurred by the Commission in conducting such studies shall be subject to appropriation. Directs the Commission to provide reports of its findings and furnish copies of the reports to the General Assembly and the Secretary. Requires the results of every study performed under the Act to be publicly available on the websites of the Commission and the Department of Financial and Professional Regulation. Provides that the Commission may contract with a qualified person or entity to design and conduct the studies. Amends the Commission on Equity and Inclusion Act. Provides that the Commission is responsible for completing those studies under the Illinois Community Reinvestment Act. Effective January 1, 2025.
Title
FINANCIAL INSTITUTIONS-STUDY
Sponsors
Roll Calls
2024-05-23 - House - Third Reading in House (Y: 73 N: 38 NV: 1 Abs: 0) [PASS]
2024-04-18 - Senate - Third Reading in Senate (Y: 39 N: 19 NV: 0 Abs: 0) [PASS]
2024-04-18 - Senate - Third Reading in Senate (Y: 39 N: 19 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-08-09 | Senate | Public Act . . . . . . . . . 103-0959 |
| 2024-08-09 | Senate | Effective Date January 1, 2025 |
| 2024-08-09 | Senate | Governor Approved |
| 2024-06-21 | Senate | Sent to the Governor |
| 2024-05-23 | Senate | Passed Both Houses |
| 2024-05-23 | House | Third Reading - Short Debate - Passed 073-038-000 |
| 2024-05-17 | House | Third Reading/Final Action Deadline Extended-9(b) May 24, 2024 |
| 2024-05-14 | Senate | Added as Co-Sponsor Sen. Emil Jones, III |
| 2024-05-13 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2024-05-13 | House | Second Reading - Short Debate |
| 2024-05-09 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2024-05-08 | House | Do Pass / Short Debate Economic Opportunity & Equity Committee; 005-003-000 |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Cyril Nichols |
| 2024-05-02 | House | Added Alternate Co-Sponsor Rep. Carol Ammons |
| 2024-05-02 | House | Added Alternate Chief Co-Sponsor Rep. Justin Slaughter |
| 2024-05-02 | House | Alternate Chief Co-Sponsor Removed Rep. Carol Ammons |
| 2024-05-02 | House | Added Alternate Chief Co-Sponsor Rep. Abdelnasser Rashid |
| 2024-05-02 | House | Added Alternate Chief Co-Sponsor Rep. Carol Ammons |
| 2024-05-02 | House | Added Alternate Chief Co-Sponsor Rep. Debbie Meyers-Martin |
| 2024-04-30 | House | Added Alternate Chief Co-Sponsor Rep. Mark L. Walker |
| 2024-04-30 | House | Chief House Sponsor Rep. Sonya M. Harper |
| 2024-04-30 | House | Committee Deadline Extended-Rule 9(b) May 10, 2024 |
| 2024-04-30 | House | Assigned to Economic Opportunity & Equity Committee |
| 2024-04-19 | House | Alternate Chief Co-Sponsor Removed Rep. Sonya M. Harper |
| 2024-04-19 | House | Added Alternate Chief Co-Sponsor Rep. Sonya M. Harper |
| 2024-04-18 | House | Alternate Chief Sponsor Removed Rep. Mark L. Walker |
| 2024-04-18 | House | Referred to Rules Committee |
| 2024-04-18 | House | First Reading |
| 2024-04-18 | House | Chief House Sponsor Rep. Mark L. Walker |
| 2024-04-18 | House | Arrived in House |
| 2024-04-18 | Senate | Third Reading - Passed; 039-019-000 |
| 2024-04-18 | Senate | Placed on Calendar Order of 3rd Reading |
| 2024-04-18 | Senate | Senate Floor Amendment No. 5 Adopted |
| 2024-04-18 | Senate | Senate Floor Amendment No. 4 Adopted |
| 2024-04-18 | Senate | Senate Floor Amendment No. 3 Tabled Pursuant to Rule 5-4a |
| 2024-04-18 | Senate | Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4a |
| 2024-04-18 | Senate | Recalled to Second Reading |
| 2024-04-18 | Senate | Added as Chief Co-Sponsor Sen. Kimberly A. Lightford |
| 2024-04-18 | Senate | Senate Floor Amendment No. 5 Be Approved for Consideration Assignments |
| 2024-04-18 | Senate | Senate Floor Amendment No. 4 Recommend Do Adopt Executive; 009-002-000 |
| 2024-04-17 | Senate | Senate Floor Amendment No. 5 Referred to Assignments |
| 2024-04-17 | Senate | Senate Floor Amendment No. 5 Filed with Secretary by Sen. Christopher Belt |
| 2024-04-16 | Senate | Added as Co-Sponsor Sen. Rachel Ventura |
| 2024-04-16 | Senate | Added as Co-Sponsor Sen. Ram Villivalam |
| 2024-04-16 | Senate | Added as Co-Sponsor Sen. Mary Edly-Allen |
| 2024-04-16 | Senate | Senate Floor Amendment No. 4 Assignments Refers to Executive |
| 2024-04-15 | Senate | Senate Floor Amendment No. 4 Referred to Assignments |
| 2024-04-15 | Senate | Senate Floor Amendment No. 4 Filed with Secretary by Sen. Christopher Belt |
| 2024-04-12 | Senate | Rule 2-10 Third Reading Deadline Established As April 19, 2024 |
| 2024-04-12 | Senate | Added as Co-Sponsor Sen. Kimberly A. Lightford |
| 2024-04-10 | Senate | Senate Floor Amendment No. 3 Postponed - Executive |
| 2024-04-10 | Senate | Placed on Calendar Order of 3rd Reading April 11, 2024 |
| 2024-04-10 | Senate | Second Reading |
| 2024-04-09 | Senate | Senate Floor Amendment No. 3 Assignments Refers to Executive |
| 2024-04-09 | Senate | Senate Floor Amendment No. 2 Pursuant to Senate Rule 3-8 (b-1), the following amendments will remain in the Committee on Assignments |
| 2024-04-05 | Senate | Senate Floor Amendment No. 3 Referred to Assignments |
| 2024-04-05 | Senate | Senate Floor Amendment No. 3 Filed with Secretary by Sen. Christopher Belt |
| 2024-04-05 | Senate | Senate Floor Amendment No. 2 Referred to Assignments |
| 2024-04-05 | Senate | Senate Floor Amendment No. 2 Filed with Secretary by Sen. Christopher Belt |
| 2024-03-18 | Senate | Added as Co-Sponsor Sen. Laura M. Murphy |
| 2024-03-14 | Senate | Added as Co-Sponsor Sen. Napoleon Harris, III |
| 2024-03-14 | Senate | Added as Co-Sponsor Sen. Linda Holmes |
| 2024-03-14 | Senate | Placed on Calendar Order of 2nd Reading March 20, 2024 |
| 2024-03-14 | Senate | Do Pass as Amended Executive; 010-003-000 |
| 2024-03-13 | Senate | Senate Committee Amendment No. 1 Adopted |
| 2024-03-12 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Executive |
| 2024-03-11 | Senate | Added as Co-Sponsor Sen. Mattie Hunter |
| 2024-03-07 | Senate | Added as Co-Sponsor Sen. Mike Simmons |
| 2024-03-07 | Senate | Added as Co-Sponsor Sen. Adriane Johnson |
| 2024-03-06 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2024-03-06 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Christopher Belt |
| 2024-03-05 | Senate | Added as Co-Sponsor Sen. Javier L. Cervantes |
| 2024-02-20 | Senate | Added as Co-Sponsor Sen. Ann Gillespie |
| 2024-02-15 | Senate | Added as Co-Sponsor Sen. Robert Peters |
| 2024-02-14 | Senate | Assigned to Executive |
| 2024-02-13 | Senate | Added as Chief Co-Sponsor Sen. Lakesia Collins |
| 2024-02-07 | Senate | Sponsor Removed Sen. Lakesia Collins |
| 2024-02-07 | Senate | Added as Chief Co-Sponsor Sen. Bill Cunningham |
| 2024-02-07 | Senate | Added as Co-Sponsor Sen. Lakesia Collins |
| 2024-02-06 | Senate | Sponsor Removed Sen. Bill Cunningham |
| 2024-02-06 | Senate | Added as Chief Co-Sponsor Sen. Karina Villa |
| 2024-02-06 | Senate | Added as Co-Sponsor Sen. Bill Cunningham |
| 2024-02-06 | Senate | Referred to Assignments |
| 2024-02-06 | Senate | First Reading |
| 2024-02-06 | Senate | Filed with Secretary by Sen. Christopher Belt |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 205 | 735 | 35-15 | Amended Code | Citation Text |
| 205 | 735 | 35-5 | Amended Code | Citation Text |
