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<xml>
<title>Illinois General Assembly - Bill Status for HB 3953         </title>
<shortdesc>BANK AND CREDIT UNION-CANNABIS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Kambium Buckner</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><SynopsisText>     Creates the Cannabis Banking and Credit Union Act. Establishes a procedure to license financial institutions to provide banking services to cannabis businesses. Sets forth provisions concerning an advisory board, application and licensure, authorizations, deposit insurance, banking services, prohibited practices, and operative conditions. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>11/5/2019</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Kambium Buckner</action>
<statusdate>11/12/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>11/12/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/16/2020</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Katie Stuart</action>
<statusdate>1/28/2020</statusdate><chamber>House</chamber><action>Assigned to Financial Institutions Committee</action>
<statusdate>1/28/2020</statusdate><chamber>House</chamber><action>Removed Co-Sponsor Rep. Katie Stuart</action>
<statusdate>6/23/2020</statusdate><chamber>House</chamber><action>Rule 19(b) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

