David S. Olsen
- Republican
Primary
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.
Governor Approved
Public Act . . . . . . . . . 100-0640
Effective Date July 27, 2018
Sent to the Governor
Third Reading - Passed; 052-001-000
Passed Both Houses
Placed on Calendar Order of 3rd Reading May 15, 2018
Second Reading
Do Pass Financial Institutions; 006-000-000
Placed on Calendar Order of 2nd Reading May 3, 2018
Assigned to Financial Institutions
First Reading
Arrive in Senate
Placed on Calendar Order of First Reading
Chief Senate Sponsor Sen. Chapin Rose
Referred to Assignments
Third Reading - Short Debate - Passed 113-000-000
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Financial Institutions Committee; 008-000-000
Assigned to Financial Institutions Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. David S. Olsen
| Bill Text Versions | Format |
|---|---|
| Enrolled | HTML |
| Engrossed | HTML |
| Introduced | HTML |
| Document | Format |
|---|---|
| Public Act |
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