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.
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.