Bill Text: IL HB5520 | 2021-2022 | 102nd General Assembly | Introduced
Bill Title: Amends the State Treasurer Act. Creates within the Office of the State Treasurer a Division of Financial Crimes for the purpose of helping victims of financial crimes in Illinois identify that such crime has occurred and navigate the justice system. Provides for the appointment of personnel to the Division. Provides that the Division shall have the power and duty to investigate violations of financial crimes law and all related matters, and to bring, through the Attorney General or applicable State's Attorney, action against any person violating any financial crimes law of this State. Provides remedies for an action brought for violation of financial crimes law. Provides for the adoption of rules.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee [HB5520 Detail]
Download: Illinois-2021-HB5520-Introduced.html
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1 | AN ACT concerning State government.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The State Treasurer Act is amended by adding | |||||||||||||||||||
5 | Section 40 as follows:
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6 | (15 ILCS 505/40 new) | |||||||||||||||||||
7 | Sec. 40. Division of Financial Crimes. | |||||||||||||||||||
8 | (a) There is created within the Office of the State | |||||||||||||||||||
9 | Treasurer a Division of Financial Crimes for the purpose of | |||||||||||||||||||
10 | helping victims of financial crimes in Illinois identify that | |||||||||||||||||||
11 | such crime has occurred and navigate the justice system. | |||||||||||||||||||
12 | (b) The Division of Financial Crimes shall consist of | |||||||||||||||||||
13 | investigators and attorneys, together with other staff as | |||||||||||||||||||
14 | deemed necessary by the State Treasurer, who shall be | |||||||||||||||||||
15 | appointed by the State Treasurer and have expertise concerning | |||||||||||||||||||
16 | financial crimes under federal law and under the laws of this | |||||||||||||||||||
17 | State. Persons appointed under this Section for purposes of | |||||||||||||||||||
18 | performing the legal and investigatory duties of the Division | |||||||||||||||||||
19 | shall be considered law enforcement officials. | |||||||||||||||||||
20 | (c) The Division of Financial Crimes shall have the power | |||||||||||||||||||
21 | and duty on behalf of persons within this State to investigate | |||||||||||||||||||
22 | violations of financial crimes law and all related matters, | |||||||||||||||||||
23 | and may, in the name of the People of the State of Illinois, |
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1 | through the Attorney General or the State's Attorney of the | ||||||
2 | county in which the violation occurs, bring action against any | ||||||
3 | person violating any applicable financial crimes law of this | ||||||
4 | State. | ||||||
5 | (d) In an action brought under this Section, the Attorney | ||||||
6 | General or applicable State's Attorney may obtain, in addition | ||||||
7 | to any other penalty provided by law, as a remedy, monetary | ||||||
8 | damages, restitution, and equitable relief, including any | ||||||
9 | permanent or preliminary injunction, temporary restraining | ||||||
10 | order, or other order, including an order enjoining the | ||||||
11 | defendant from engaging in a violation, or order any action as | ||||||
12 | may be appropriate. | ||||||
13 | (e) The State Treasurer shall adopt all rules necessary | ||||||
14 | for the implementation of this Section.
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