Bill Text: IL HB3469 | 2011-2012 | 97th General Assembly | Amended
Bill Title: Amends the Illinois Banking Act. Provides that a banking house, branch, branch bank, or branch office shall report to the Secretary of Financial and Professional Regulation the number of loans made to small businesses. Effective immediately.
Sponsorship: Partisan Bill (Democrat 11)
Status: (Failed) 2013-01-08 - Session Sine Die [HB3469 Detail]
Download: Illinois-2011-HB3469-Amended.html
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| 1 | AMENDMENT TO HOUSE BILL 3469
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| 2 | AMENDMENT NO. ______. Amend House Bill 3469, AS AMENDED, by | ||||||
| 3 | replacing everything after the enacting clause with the | ||||||
| 4 | following:
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| 5 | "Section 5. The Illinois Banking Act is amended by adding | ||||||
| 6 | Section 48.8 as follows:
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| 7 | (205 ILCS 5/48.8 new) | ||||||
| 8 | Sec. 48.8. Information on small business lending. The | ||||||
| 9 | Department shall gather information on small business lending | ||||||
| 10 | activities from quarterly reports of condition submitted to | ||||||
| 11 | their appropriate regulators and publish such information | ||||||
| 12 | annually on the Department's website in a format that allows | ||||||
| 13 | users to easily compare the small business lending from | ||||||
| 14 | different financial institutions.
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| 15 | Section 99. Effective date. This Act takes effect upon | ||||||
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| 1 | becoming law.".
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