Bill Texts: IL SB3084 | 2017-2018 | 100th General Assembly

Bill Title: 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.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Failed) 2019-01-09 - Session Sine Die [SB3084 Detail]

Bill Drafts

RevisionDateFormatSourceView
Engrossed2018-04-18HTML/TextLinkView
Introduced2018-02-15HTML/TextLinkView

Amendments

AmendmentDateDispositionFormatSourceView
No bill amendments currently on file for Illinois SB3084

Supplemental Documents

TitleDescriptionDateFormatSourceView
No supplemental documents for Illinois SB3084 currently on file.

Social Comments on IL SB3084

feedback