Bill Title: Reinserts the provisions of the introduced bill with the following changes. Makes changes to senior management official and executive officer provisions. In provisions concerning the delegation of duties by the board of directors, provides that the board of directors may delegate to the chief management official the hiring of employees other than the chief management official, including, without limitation, vice presidents and other officers (instead of just the hiring of employees other than the chief management official), and fixing their title, grade, and compensation (instead of just their compensation). Removes provisions concerning a credit union's authority to engage in digital asset business activity and perform custodial services. Provides that, when marketing or advertising digital assets, digital asset business activities conducted by covered persons or service providers (instead of digital asset business activities), and related administrative functions to the members of the credit union, the members shall receive the specified information. Makes changes to compliance requirements in provisions concerning the investment of credit union funds in commercial mortgage related securities and collateralized mortgage obligations. Effective immediately.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Passed) 2026-07-10 - Public Act . . . . . . . . . 104-0567 [SB3113 Detail]

Text: Latest bill text (Enrolled) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
Senate	Senate Concurrence	2026-05-31	50	6	3	0	59	Passed	Link	View
House	House Third Reading	2026-05-31	112	2	3	0	117	Passed	Link	View
Senate	Senate Executive Committee	2026-05-31	12	0	1	0	13	Passed	Link	View
House	House Energy & Environment Committee	2026-05-29	23	2	4	0	29	Passed	Link	View
House	House Executive Committee	2026-05-13	8	3	1	0	12	Passed	Link	View
Senate	Senate Third Reading	2026-04-15	55	0	4	0	59	Passed	Link	View
Senate	Senate Financial Institutions Committee	2026-04-15	6	0	3	0	9	Passed	Link	View
Senate	Senate Financial Institutions Committee	2026-03-11	6	0	3	0	9	Passed	Link	View
Senate	Senate Financial Institutions Committee	2026-03-11	6	0	3	0	9	Passed	Link	View