Illinois General Assembly - Bill Status for HB4710
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of HB4710  100th General Assembly


Short Description:  HIGHER ED-CREDITCARD MARKETING

House Sponsors
Rep. Sue Scherer - La Shawn K. Ford - Stephanie A. Kifowit - Christine Winger - Jaime M. Andrade, Jr., Monica Bristow, Martin J. Moylan, Linda Chapa LaVia, Juliana Stratton, John C. D'Amico, Mary E. Flowers, Jonathan Carroll and Barbara Wheeler

Senate Sponsors
(Sen. Steve Stadelman - Jacqueline Y. Collins and Kimberly A. Lightford)

Last Action
DateChamber Action
  8/13/2018HouseGovernor Amendatory Veto

Statutes Amended In Order of Appearance
5 ILCS 140/7from Ch. 116, par. 207
110 ILCS 26/Act rep.
110 ILCS 305/100 new
110 ILCS 520/85 new
110 ILCS 660/5-195 new
110 ILCS 665/10-195 new
110 ILCS 670/15-195 new
110 ILCS 675/20-200 new
110 ILCS 680/25-195 new
110 ILCS 685/30-205 new
110 ILCS 690/35-200 new
110 ILCS 805/3-29.12 new


Synopsis As Introduced
Amends various Acts relating to the governance of public universities and community colleges in Illinois. Provides that the Board of Trustees of a public university or community college district in this State may not enter into an agreement or allow any person or group affiliated with the university or district to enter into an agreement with a credit card issuer to allow the credit card issuer to market credit cards to students. Defines terms. Repeals the Credit Card Marketing Act of 2009. Makes conforming changes in the Freedom of Information Act.

House Floor Amendment No. 1
Deletes reference to:
5 ILCS 140/7from Ch. 116, par. 207
110 ILCS 26/Act rep.
110 ILCS 305/100 new
110 ILCS 520/85 new
110 ILCS 660/5-195 new
110 ILCS 665/10-195 new
110 ILCS 670/15-195 new
110 ILCS 675/20-200 new
110 ILCS 680/25-195 new
110 ILCS 685/30-205 new
110 ILCS 690/35-200 new
110 ILCS 805/3-29.12 new
Adds reference to:
110 ILCS 26/40 new

Replaces everything after the enacting clause. Amends the Credit Card Marketing Act of 2009. Creates the College Student Credit Card Marketing and Debt Task Force. Provides legislative findings. Provides for the membership of the Task Force. Provides that the Department of Financial and Professional Regulation shall provide technical and administrative support and any other necessary assistance to the Task Force and shall be responsible for administering its operations and ensuring that the requirements of the provisions are met. Provides that the Task Force shall conduct a study on student credit card debt; specifies study requirements. Provides that the Task Force shall report the findings of the study conducted and any recommendations to the General Assembly on or before December 14, 2018, at which time the Task Force shall be dissolved. Repeals these provisions on November 1, 2019. Effective immediately.

Governor Amendatory Veto Message
Recommends the following changes to provisions added to the Credit Card Marketing Act of 2009: Expands the list of legislative findings to include a finding that there is value to the citizens of Illinois in investigating the availability and accessibility of information provided by credit card issuers to better understand factors in the accumulation of student credit card debt and factors mitigating the amount of credit card debt a student faces after graduating. Expands the membership of the College Student Credit Card Marketing and Debt Task Force to include a representative of a credit card issuer. Requires the Task Force to conduct a study that may examine any of the listed factors as determined to be necessary and available by the Task Force (rather than requiring the Task Force to conduct a study that specifically examines all of the listed factors). Expands the list of factors the Task Force may examine to include the following: (i) agreements between credit card issuers and higher education institutions or organizations affiliated with the institutions; (ii) evaluation of the effectiveness of the Credit Card Marketing Act of 2009; (iii) other state actions taken to address the marketing of credit cards to students and the accumulation of student credit card debt ; and (iv) other factors the Task Force deems relevant regarding student credit card debt within the consumer credit card market. Requires the Task Force to report its findings on or before December 14, 2019, at which time the Task Force shall be dissolved (rather than on or before December 14, 2018, at which time the Task Force shall be dissolved). Recommends changing the repeal date for all of the added provisions to January 1, 2020 (rather than November 1, 2019).

Actions 
DateChamber Action
  2/8/2018HouseFiled with the Clerk by Rep. Sue Scherer
  2/13/2018HouseFirst Reading
  2/13/2018HouseReferred to Rules Committee
  2/26/2018HouseAssigned to Higher Education Committee
  3/1/2018HouseAdded Co-Sponsor Rep. Monica Bristow
  3/1/2018HouseAdded Co-Sponsor Rep. Martin J. Moylan
  3/1/2018HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  3/1/2018HouseAdded Chief Co-Sponsor Rep. La Shawn K. Ford
  3/1/2018HouseAdded Chief Co-Sponsor Rep. Stephanie A. Kifowit
  3/1/2018HouseAdded Chief Co-Sponsor Rep. Christine Winger
  3/1/2018HouseAdded Chief Co-Sponsor Rep. Jaime M. Andrade, Jr.
  3/6/2018HouseAdded Co-Sponsor Rep. Juliana Stratton
  3/7/2018HouseDo Pass / Standard Debate Higher Education Committee; 011-008-001
  3/8/2018HousePlaced on Calendar 2nd Reading - Standard Debate
  4/3/2018HouseAdded Co-Sponsor Rep. John C. D'Amico
  4/3/2018HouseAdded Co-Sponsor Rep. Mary E. Flowers
  4/11/2018HouseAdded Co-Sponsor Rep. Jonathan Carroll
  4/20/2018HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Sue Scherer
  4/20/2018HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/20/2018HouseAdded Co-Sponsor Rep. Barbara Wheeler
  4/23/2018HouseHouse Floor Amendment No. 1 Rules Refers to Higher Education Committee
  4/25/2018HouseHouse Floor Amendment No. 1 Recommends Be Adopted Higher Education Committee; 012-004-000
  4/25/2018HouseSecond Reading - Standard Debate
  4/25/2018HouseHeld on Calendar Order of Second Reading - Standard Debate
  4/26/2018HouseHouse Floor Amendment No. 1 Adopted
  4/26/2018HousePlaced on Calendar Order of 3rd Reading - Standard Debate
  4/26/2018HouseThird Reading - Standard Debate - Passed 062-042-000
  5/1/2018SenateArrive in Senate
  5/1/2018SenatePlaced on Calendar Order of First Reading
  5/1/2018SenateChief Senate Sponsor Sen. Steve Stadelman
  5/1/2018SenateFirst Reading
  5/1/2018SenateReferred to Assignments
  5/2/2018SenateAssigned to Financial Institutions
  5/9/2018SenateDo Pass Financial Institutions; 005-000-000
  5/9/2018SenatePlaced on Calendar Order of 2nd Reading May 10, 2018
  5/9/2018SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
  5/10/2018SenateSecond Reading
  5/10/2018SenatePlaced on Calendar Order of 3rd Reading May 15, 2018
  5/16/2018SenateThird Reading - Passed; 054-000-000
  5/16/2018HousePassed Both Houses
  5/17/2018SenateAdded as Alternate Co-Sponsor Sen. Kimberly A. Lightford
  6/14/2018HouseSent to the Governor
  8/13/2018HouseGovernor Amendatory Veto

Back To Top