Paul Schimpf
- Republican
Primary
Amends the Illinois Banking Act and the Savings Bank Act. Replaces "Commissioner" with "Secretary" to update references to the Secretary of Financial and Professional Regulation. Provides that before any person or persons may cause a change of control of a State bank or a savings bank, the Secretary shall be of the opinion and find that the future prospects of the institution will not jeopardize the financial stability of the State bank or the savings bank or prejudice the interests of the depositors of the State bank or the interests of the members of the savings bank. Provides that the provisions of this Act do not apply to an established holding company acquiring control of a State bank or a savings bank if the transaction is subject to approval under specified provisions of federal law. Provides that a State bank or a savings bank may disclose confidential supervisory information to any attorney, accountant, consultant, or other professional as needed to comply with any enforcement action issued by the Secretary. Makes other changes. Effective immediately.
Public Act . . . . . . . . . 100-0888
Effective Date August 14, 2018
Governor Approved
Sent to the Governor
Third Reading - Short Debate - Passed 101-000-000
Passed Both Houses
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Financial Institutions Committee; 012-000-000
Assigned to Financial Institutions Committee
Arrived in House
Chief House Sponsor Rep. C.D. Davidsmeyer
First Reading
Referred to Rules Committee
Third Reading - Passed; 043-000-000
Placed on Calendar Order of 3rd Reading April 23, 2018
Second Reading
Senate Floor Amendment No. 1 Adopted; Schimpf
Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 005-000-000
Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
Senate Floor Amendment No. 1 Referred to Assignments
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Paul Schimpf
Placed on Calendar Order of 2nd Reading April 12, 2018
Do Pass Financial Institutions; 007-000-000
Assigned to Financial Institutions
First Reading
Referred to Assignments
Filed with Secretary by Sen. Paul Schimpf
| Bill Text Versions | Format |
|---|---|
| Enrolled | HTML |
| Engrossed | HTML |
| Introduced | HTML |
| Document | Format |
|---|---|
| Public Act | |
| Senate Amendment 001 |
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