Bill Title: Amends the Illinois Insurance Code. Provides that during a conservation, rehabilitation, or liquidation proceeding, a Federal Home Loan Bank shall not be stayed, enjoined, or prohibited from exercising or enforcing any right or cause of action regarding collateral pledged under any security agreement or any pledge, security, collateral, or guarantee agreement or any other similar arrangement or credit enhancement relating to the Federal Home Loan Bank security agreement. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2017-08-11 - Public Act . . . . . . . . . 100-0089 [SB1297 Detail]

Text: Latest bill text (Chaptered) [HTML]

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