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<title>Illinois General Assembly - Bill Status for SB 2955         </title>
<shortdesc>FINANCIAL INST CURRENCY EXCH</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Jason A. Barickman</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Daniel J. Burke)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 1205/16</reference><aliasreference>from Ch. 17, par. 117</aliasreference><reference>205 ILCS 405/14</reference><aliasreference>from Ch. 17, par. 4823</aliasreference><SynopsisText>Amends the Financial Institutions Code. Creates a Supervisor of Consumer Credit and a Supervisor of Title Insurance. Removes the Supervisor of Consumer Finance Business and the Supervisor of Sales Finance Agencies. Amends the Currency Exchange Act. Removes language requiring a licensee to file an annual report, annual bonds, and insurance policies at the same time the licensee pays his or her annual license fees. Effective immediately.</SynopsisText><synopsistitle>Senate Committee Amendment No. 1</synopsistitle>
<SynopsisText>In provisions amending the Currency Exchange Act, restores provisions requiring a licensee to file an annual bond or bonds and insurance policy or policies with the Secretary of Financial and Professional Regulation.</SynopsisText><synopsistitle>Senate Floor Amendment No. 2</synopsistitle>
<reftype>Deletes reference to:</reftype><reference>20 ILCS 1205/16</reference><aliasreference></aliasreference><reference>205 ILCS 405/14</reference><aliasreference></aliasreference><reftype>Adds reference to:</reftype><reference>205 ILCS 5/78</reference><aliasreference>from Ch. 17, par. 390</aliasreference><reference>205 ILCS 5/79</reference><aliasreference>from Ch. 17, par. 391</aliasreference><reference>205 ILCS 205/12104 rep.</reference><aliasreference></aliasreference><reference>205 ILCS 205/Art. 12.2 rep.</reference><aliasreference></aliasreference><reference>205 ILCS 635/1-4</reference><aliasreference></aliasreference><reference>205 ILCS 635/4-1</reference><aliasreference>from Ch. 17, par. 2324-1</aliasreference><reference>205 ILCS 635/4-8</reference><aliasreference>from Ch. 17, par. 2324-8</aliasreference><reference>205 ILCS 635/1-5 rep.</reference><aliasreference></aliasreference><SynopsisText>Replaces everything after the enacting clause. Amends the Illinois Banking Act. Changes the number of additional members of the State Banking Board of Illinois from 11 to 12. Provides that one member of the Board shall be from a savings bank, and there shall also be an alternate member from a savings bank to attend meetings if and only if the sitting member from a savings bank is unable to attend the meeting. Changes the requirements for the 2 public members. Amends the Savings Bank Act. Repeals provisions relating to the Board of Savings Banks. Amends the Residential Mortgage License Act of 1987. Removes provisions relating to the Residential Mortgage Board. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/18/2016</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Jason A. Barickman</action>
<statusdate>2/18/2016</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/18/2016</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/2/2016</statusdate><chamber>Senate</chamber><action>Assigned to Licensed Activities and Pensions</action>
<statusdate>3/3/2016</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Filed with Secretary by Sen. Jason A. Barickman</action>
<statusdate>3/3/2016</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Referred to Assignments</action>
<statusdate>3/8/2016</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Assignments Refers to Licensed Activities and Pensions</action>
<statusdate>3/17/2016</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Adopted</action>
<statusdate>3/17/2016</statusdate><chamber>Senate</chamber><action>Do Pass as Amended Licensed Activities and Pensions;  010-000-000</action>
<statusdate>3/17/2016</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading April 5, 2016</action>
<statusdate>4/19/2016</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/19/2016</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 20, 2016</action>
<statusdate>4/22/2016</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee/3rd Reading Deadline Established As May 13, 2016</action>
<statusdate>5/3/2016</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Filed with Secretary by Sen. Jason A. Barickman</action>
<statusdate>5/3/2016</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Referred to Assignments</action>
<statusdate>5/4/2016</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Assignments Refers to Licensed Activities and Pensions</action>
<statusdate>5/4/2016</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Postponed - Licensed Activities and Pensions</action>
<statusdate>5/12/2016</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Recommend Do Adopt Licensed Activities and Pensions;  007-000-000</action>
<statusdate>5/12/2016</statusdate><chamber>Senate</chamber><action>Recalled to Second Reading</action>
<statusdate>5/12/2016</statusdate><chamber>Senate</chamber><action>Senate Floor Amendment No. 2 Adopted; Barickman</action>
<statusdate>5/12/2016</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading</action>
<statusdate>5/12/2016</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 052-001-000</action>
<statusdate>5/13/2016</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>5/16/2016</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Daniel J. Burke</action>
<statusdate>5/16/2016</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>5/16/2016</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

