HB 2825

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Regulatory Sandbox Act

Abstract

Creates the Regulatory Sandbox Act. Creates the regulatory sandbox to enable persons to obtain limited access to the Illinois marketplace in order to test innovations in financial products or services. Provides requirements for approval to enter the regulatory sandbox, the application fee, and approval or denial time. Provides requirements for operating an innovation in the regulatory sandbox and extending a test period. Contains provisions regarding rules and judicial review of the administration of this Act. Makes conforming changes in the State Finance Act. Effective immediately.

Bill Sponsors (2)

Votes


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Actions


Jun 23, 2020

House

Rule 19(b) / Re-referred to Rules Committee

Mar 03, 2020

House

Assigned to Executive Committee

Mar 29, 2019

House

Rule 19(a) / Re-referred to Rules Committee

Feb 26, 2019

House

Assigned to Executive Committee

Feb 19, 2019

House

Added Co-Sponsor Rep. Mark Batinick

Feb 14, 2019

House

Filed with the Clerk by Rep. Michael J. Zalewski

House

Referred to Rules Committee

House

First Reading

Bill Text

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Sources

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