ILLINOIS BANK ON INITIATIVE Senate SponsorsSen. Cristina Castro-Iris Y. Martinez, Steve Stadelman-Andy Manar, Ram Villivalam, Jacqueline Y. Collins-Laura Ellman, Elgie R. Sims, Jr., Kimberly A. Lightford-Toi W. Hutchinson, Steven M. Landek, Mattie Hunter, Ann Gillespie, Melinda Bush, Robert Peters, Napoleon Harris, III, Antonio Muņoz, Scott M. Bennett, Linda Holmes and Laura M. Murphy House Sponsors(Rep. Debbie Meyers-Martin-Jehan Gordon-Booth-Kathleen Willis-Joyce Mason-Elizabeth Hernandez, Bob Morgan, Justin Slaughter, Barbara Hernandez, Robyn Gabel, Stephanie A. Kifowit, Mike Murphy, Nicholas K. Smith, Mark L. Walker, Theresa Mah, Frances Ann Hurley, Mary Edly-Allen, William Davis, Diane Pappas, Aaron M. Ortiz, Daniel Didech, Fred Crespo, LaToya Greenwood, Deb Conroy, Jaime M. Andrade, Jr., Michael Halpin, Michelle Mussman, Lawrence Walsh, Jr., Emanuel Chris Welch, Ryan Spain, Natalie A. Manley and Mary E. Flowers) 8/19/2019SenatePublic Act . . . . . . . . . 101-0427 15 ILCS 405/23.11 newAmends the State Comptroller Act. Creates the Illinois Bank On Initiative to increase the use of Certified Financial Products and reduce reliance on alternative financial products. Provides that the Illinois Bank On Initiative shall be administered by the Comptroller, and the Comptroller shall be responsible for specified ongoing activities of the Initiative. Creates the Illinois Bank On Initiative Commission and provides for membership of the Commission. Provides for requirements and duties of the Commission. Requires the Comptroller and the Commission to annually prepare and make available on the Controller's website a report concerning the progress of the Illinois Bank On Initiative. Provides that the Comptroller may adopt rules necessary to implement provisions concerning the Illinois Bank On Initiative and Commission. Defines terms. Effective immediately.Senate Floor Amendment No. 2 Modifies the membership requirements of the Illinois Bank On Initiative Commission. Modifies the definition of "Certified Financial Product" and defines "financial institution". 2/7/2019SenateFiled with Secretary by Sen. Cristina Castro 2/7/2019SenateFirst Reading 2/7/2019SenateReferred to Assignments 2/13/2019SenateAssigned to Financial Institutions 2/19/2019SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez 2/19/2019SenateAdded as Co-Sponsor Sen. Steve Stadelman 2/19/2019SenateAdded as Chief Co-Sponsor Sen. Andy Manar 2/20/2019SenateDo Pass Financial Institutions; 009-000-000 2/20/2019SenatePlaced on Calendar Order of 2nd Reading February 21, 2019 2/21/2019SenateAdded as Co-Sponsor Sen. Ram Villivalam 2/21/2019SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins 2/22/2019SenateAdded as Chief Co-Sponsor Sen. Laura Ellman 3/7/2019SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr. 3/7/2019SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford 3/12/2019SenateAdded as Chief Co-Sponsor Sen. Toi W. Hutchinson 3/12/2019SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Cristina Castro 3/12/2019SenateSenate Floor Amendment No. 1 Referred to Assignments 3/13/2019SenateSenate Floor Amendment No. 1 Assignments Refers to Financial Institutions 3/14/2019SenateAdded as Co-Sponsor Sen. Steven M. Landek 3/14/2019SenateAdded as Co-Sponsor Sen. Mattie Hunter 3/14/2019SenateAdded as Co-Sponsor Sen. Ann Gillespie 3/15/2019SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Cristina Castro 3/15/2019SenateSenate Floor Amendment No. 2 Referred to Assignments 3/19/2019SenateSenate Floor Amendment No. 2 Assignments Refers to Financial Institutions 3/20/2019SenateAdded as Co-Sponsor Sen. Melinda Bush 3/20/2019SenateSenate Floor Amendment No. 1 Postponed - Financial Institutions 3/20/2019SenateSenate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 007-000-000 3/20/2019SenateSecond Reading 3/20/2019SenateSenate Floor Amendment No. 2 Adopted; Castro 3/20/2019SenatePlaced on Calendar Order of 3rd Reading March 21, 2019 3/20/2019SenateAdded as Co-Sponsor Sen. Robert Peters 3/21/2019SenateAdded as Co-Sponsor Sen. Napoleon Harris, III 3/21/2019SenateAdded as Co-Sponsor Sen. Antonio Muņoz 3/21/2019SenateAdded as Co-Sponsor Sen. Scott M. Bennett 3/25/2019SenateAdded as Co-Sponsor Sen. Linda Holmes 3/29/2019SenateAdded as Co-Sponsor Sen. Laura M. Murphy 4/4/2019SenateThird Reading - Passed; 053-000-000 4/4/2019SenateSenate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) 4/4/2019HouseArrived in House 4/4/2019HouseChief House Sponsor Rep. Debbie Meyers-Martin 4/4/2019HouseFirst Reading 4/4/2019HouseReferred to Rules Committee 4/24/2019HouseAssigned to State Government Administration Committee 5/1/2019HouseAdded Alternate Co-Sponsor Rep. Bob Morgan 5/1/2019HouseAdded Alternate Co-Sponsor Rep. Justin Slaughter 5/1/2019HouseAdded Alternate Chief Co-Sponsor Rep. Jehan Gordon-Booth 5/1/2019HouseAdded Alternate Chief Co-Sponsor Rep. Kathleen Willis 5/1/2019HouseDo Pass / Short Debate State Government Administration Committee; 010-000-000 5/2/2019HousePlaced on Calendar 2nd Reading - Short Debate 5/2/2019HouseAdded Alternate Co-Sponsor Rep. Barbara Hernandez 5/2/2019HouseAdded Alternate Co-Sponsor Rep. Robyn Gabel 5/2/2019HouseAdded Alternate Co-Sponsor Rep. Stephanie A. Kifowit 5/2/2019HouseAdded Alternate Co-Sponsor Rep. Mike Murphy 5/8/2019HouseAdded Alternate Co-Sponsor Rep. Nicholas K. Smith 5/8/2019HouseAdded Alternate Co-Sponsor Rep. Mark L. Walker 5/8/2019HouseAdded Alternate Co-Sponsor Rep. Theresa Mah 5/8/2019HouseAdded Alternate Co-Sponsor Rep. Frances Ann Hurley 5/9/2019HouseAdded Alternate Co-Sponsor Rep. Mary Edly-Allen 5/14/2019HouseAdded Alternate Co-Sponsor Rep. William Davis 5/14/2019HouseSecond Reading - Short Debate 5/14/2019HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/14/2019HouseAdded Alternate Co-Sponsor Rep. Diane Pappas 5/14/2019HouseAdded Alternate Co-Sponsor Rep. Aaron M. Ortiz 5/16/2019HouseAdded Alternate Chief Co-Sponsor Rep. Joyce Mason 5/16/2019HouseAdded Alternate Co-Sponsor Rep. Daniel Didech 5/21/2019HouseAdded Alternate Co-Sponsor Rep. Fred Crespo 5/21/2019HouseAdded Alternate Co-Sponsor Rep. LaToya Greenwood 5/21/2019HouseAdded Alternate Co-Sponsor Rep. Deb Conroy 5/21/2019HouseAdded Alternate Chief Co-Sponsor Rep. Elizabeth Hernandez 5/21/2019HouseAdded Alternate Co-Sponsor Rep. Jaime M. Andrade, Jr. 5/21/2019HouseAdded Alternate Co-Sponsor Rep. Michael Halpin 5/21/2019HouseAdded Alternate Co-Sponsor Rep. Michelle Mussman 5/21/2019HouseAdded Alternate Co-Sponsor Rep. Lawrence Walsh, Jr. 5/21/2019HouseAdded Alternate Co-Sponsor Rep. Emanuel Chris Welch 5/21/2019HouseAdded Alternate Co-Sponsor Rep. Ryan Spain 5/22/2019HouseAdded Alternate Co-Sponsor Rep. Natalie A. Manley 5/22/2019HouseThird Reading - Short Debate - Passed 113-000-000 5/22/2019SenatePassed Both Houses 5/22/2019HouseAdded Alternate Co-Sponsor Rep. Mary E. Flowers 6/20/2019SenateSent to the Governor 8/19/2019SenateGovernor Approved 8/19/2019SenateEffective Date August 19, 2019 8/19/2019SenatePublic Act . . . . . . . . . 101-0427