Laura Ellman
- Democratic
- Senator
- District 21
Primary
Amends the Illinois Banking Act. In provisions concerning the penalty for misleading practices and names, changes the civil penalty that may be imposed to the maximum amount otherwise permitted under specified provisions, $100,000 for each violation (rather than $10,000 for each violation). Provides that the remedies provided in those provisions are in addition to, not to the exclusion of, any other remedies available under the law. Defines terms. Makes other changes.
Public Act . . . . . . . . . 104-0144
Governor Approved
Effective Date January 1, 2026
Sent to the Governor
Added as Co-Sponsor Sen. Chris Balkema
Added Alternate Co-Sponsor Rep. Anthony DeLuca
Passed Both Houses
Third Reading - Short Debate - Passed 114-000-000
Added Alternate Chief Co-Sponsor Rep. Jawaharial Williams
Added Alternate Chief Co-Sponsor Rep. Dan Ugaste
Added Alternate Chief Co-Sponsor Rep. Eva-Dina Delgado
Added Alternate Chief Co-Sponsor Rep. Christopher "C.D." Davidsmeyer
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 and Licensing Committee; 012-000-000
Assigned to Financial Institutions and Licensing Committee
Referred to Rules Committee
First Reading
Arrived in House
Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 008-000-000
Recalled to Second Reading
Senate Floor Amendment No. 2 Adopted; Ellman
Placed on Calendar Order of 3rd Reading
Third Reading - Passed; 055-000-000
Chief House Sponsor Rep. Margaret Croke
Senate Floor Amendment No. 2 Assignments Refers to Financial Institutions
Senate Floor Amendment No. 2 Referred to Assignments
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Laura Ellman
Second Reading
Placed on Calendar Order of 3rd Reading April 1, 2025
Do Pass as Amended Financial Institutions; 008-000-000
Placed on Calendar Order of 2nd Reading March 20, 2025
Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
Added as Co-Sponsor Sen. Mark L. Walker
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Laura Ellman
Senate Committee Amendment No. 1 Referred to Assignments
Assigned to Financial Institutions
First Reading
Referred to Assignments
Filed with Secretary by Sen. Laura Ellman
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Engrossed | HTML PDF |
| Enrolled | HTML PDF |
| Senate Amendment 001 | HTML PDF |
| Senate Amendment 002 | HTML PDF |
| Document | Format |
|---|---|
| Public Act |
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