Maria Antonia Berrios
- Democratic
Primary
Repeals the Illinois Savings and Loan Act of 1985. Amends the Savings Bank Act. Deletes the definition of "impairment" and related provisions and defines "out-of-state savings bank". Adds provisions regarding the deposit of moneys into the Savings Bank Regulatory Fund. Adds an Article concerning the effect of the repeal of the Illinois Savings and Loan Act of 1985 and an Article that establishes the Board of Savings Banks and creates provisions concerning appointment to the Board, the organization of the Board, meetings of the Board, and the powers of the Board. Amends the Corporate Fiduciary Act. Provides that the Secretary of Financial and Professional Regulation or any person appointed as a receiver shall have all the powers, rights, and privileges as the Federal Deposit Insurance Corporation. Amends the State Finance Act. Changes the name of the Savings and Residential Finance Regulatory Fund to the Residential Finance Regulatory Fund and changes the name of the Savings Bank Institutions Regulatory Fund to the Savings Bank Regulatory Fund. Amends the Illinois Banking Act. Provides that the Secretary of Financial and Professional Regulation or any person appointed as a receiver shall have all the powers, rights, and privileges as the Federal Deposit Insurance Corporation. Amends the Residential Mortgage License Act of 1987. Deletes provisions concerning the Commissioner of Banks and Real Estate. Makes other changes.
Governor Approved
Public Act . . . . . . . . . 98-1081
Effective Date January 1, 2015
Sent to the Governor
Passed Both Houses
House Concurs
Senate Floor Amendment No. 1 House Concurs 113-000-002
Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Financial Institutions Committee; 009-000-000
Senate Floor Amendment No. 1 Motion to Concur Rules Referred to Financial Institutions Committee
Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
Senate Floor Amendment No. 1 Motion Filed Concur Rep. Maria Antonia Berrios
Placed on Calendar Order of Concurrence Senate Amendment(s) 1
Arrived in House
Third Reading - Passed; 056-000-000
Added as Alternate Co-Sponsor Sen. Martin A. Sandoval
Placed on Calendar Order of 3rd Reading
Senate Floor Amendment No. 1 Adopted; Collins
Recalled to Second Reading
Senate Floor Amendment No. 1 Be Approved for Consideration Assignments
Senate Floor Amendment No. 1 Referred to Assignments
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
Placed on Calendar Order of 3rd Reading May 14, 2014
Second Reading
Do Pass Financial Institutions; 007-000-000
Placed on Calendar Order of 2nd Reading May 8, 2014
Assigned to Financial Institutions
Referred to Assignments
First Reading
Chief Senate Sponsor Sen. Jacqueline Y. Collins
Placed on Calendar Order of First Reading April 3, 2014
Arrive in Senate
Third Reading - Short Debate - Passed 112-000-001
Added Chief Co-Sponsor Rep. Rich Brauer
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass as Amended / Short Debate Financial Institutions Committee; 013-000-000
House Committee Amendment No. 2 Adopted in Financial Institutions Committee; by Voice Vote
House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote
House Committee Amendment No. 2 Rules Refers to Financial Institutions Committee
House Committee Amendment No. 1 Rules Refers to Financial Institutions Committee
House Committee Amendment No. 2 Referred to Rules Committee
House Committee Amendment No. 2 Filed with Clerk by Rep. Maria Antonia Berrios
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Maria Antonia Berrios
Assigned to Financial Institutions Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Maria Antonia Berrios
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| Senate Amendment 001 | |
| House Amendment 002 | |
| House Amendment 001 |
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