Bill Status of HB 3296   103rd General Assembly

Short Description:  CREDIT UNION REGULATORY FEES

House Sponsors
Rep. Margaret Croke, Dagmara Avelar and Kam Buckner

Senate Sponsors
(Sen. Laura Ellman)


Last Action  View All Actions

DateChamber Action
  6/27/2023HousePublic Act . . . . . . . . . 103-0107

Statutes Amended In Order of Appearance
205 ILCS 305/12from Ch. 17, par. 4413

Synopsis As Introduced
Amends the Illinois Credit Union Act. Provides that the regulatory fee schedule shall not be increased if the amount remaining in the Credit Union Fund at the end of any fiscal year is greater than 25% of that fiscal year's total initial appropriations, or the most recent fiscal year for which there is an initial appropriations, relating to the administration and enforcement of the provisions and other related laws, rules, and regulations (rather than the total actual and operational expenses incurred by the State in administering and enforcing the provisions and other laws, rules, and regulations as may apply to the administration and enforcement of laws, rules, and regulations for the preceding fiscal year). Provides that when the balance in the Credit Union Fund at the end of a fiscal year exceeds 25% of that fiscal year's total initial appropriations relating to the administration and enforcement of the provisions and other related laws, rules, and regulations (rather than the total administrative and operational expenses incurred by the State in administering and enforcing the provisions), the excess shall be credited to credit unions and applied against their regulatory fees for the subsequent fiscal year. Provides that the amount credited to each credit union shall be in the same proportion as the regulatory fee paid by that credit union for the fiscal year in which the excess is produced bears to the aggregate amount of all regulatory fees (rather than fees) collected by the Department of Financial and Professional Regulation under the provisions for the same fiscal year. Removes a regulatory fee cap of $141,875. Makes other changes.

House Floor Amendment No. 3
Replaces everything after the enacting clause. Amends the Illinois Credit Union Act. Provides that an annual regulatory fee paid by a credit union to the Department of Financial and Professional Regulation shall not be more than $210,000 (rather than $141,875). Effective immediately.

Actions 
DateChamber Action
  2/17/2023HouseFiled with the Clerk by Rep. Margaret Croke
  2/17/2023HouseFirst Reading
  2/17/2023HouseReferred to Rules Committee
  2/23/2023HouseAssigned to Financial Institutions and Licensing Committee
  3/7/2023HouseDo Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000
  3/8/2023HousePlaced on Calendar 2nd Reading - Short Debate
  3/20/2023HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Margaret Croke
  3/20/2023HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  3/22/2023HouseHouse Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
  3/22/2023HouseAdded Co-Sponsor Rep. Dagmara Avelar
  3/22/2023HouseSecond Reading - Short Debate
  3/22/2023HouseHeld on Calendar Order of Second Reading - Short Debate
  3/23/2023HouseAdded Co-Sponsor Rep. Kam Buckner
  3/23/2023HouseHouse Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-003-000
  3/27/2023HouseRule 19(a) / Re-referred to Rules Committee
  3/27/2023HouseHouse Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  4/20/2023HouseThird Reading Deadline Extended-Rule May 19, 2023
  4/20/2023HouseApproved for Consideration Rules Committee; 005-000-000
  4/20/2023HousePlaced on Calendar 2nd Reading - Short Debate
  4/20/2023HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Margaret Croke
  4/20/2023HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/20/2023HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Margaret Croke
  4/20/2023HouseHouse Floor Amendment No. 3 Referred to Rules Committee
  4/25/2023HouseHouse Floor Amendment No. 3 Rules Refers to Financial Institutions and Licensing Committee
  4/25/2023HouseHouse Floor Amendment No. 3 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000
  5/2/2023HouseHouse Floor Amendment No. 3 Adopted
  5/2/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/2/2023HouseThird Reading - Short Debate - Passed 068-040-000
  5/3/2023SenateArrive in Senate
  5/3/2023SenatePlaced on Calendar Order of First Reading
  5/3/2023SenateChief Senate Sponsor Sen. Laura Ellman
  5/3/2023SenateFirst Reading
  5/3/2023SenateReferred to Assignments
  5/9/2023SenateAssigned to Financial Institutions
  5/9/2023SenateRule 2-10 Committee Deadline Established As May 19, 2023
  5/11/2023SenateRule 2-10 Third Reading Deadline Established As May 25, 2023
  5/11/2023SenateRule 2-10 Committee Deadline Established As May 21, 2023
  5/12/2023SenateRule 2-10 Third Reading Deadline Established As May 19, 2023
  5/16/2023SenateDo Pass Financial Institutions; 005-000-000
  5/16/2023SenatePlaced on Calendar Order of 2nd Reading
  5/16/2023SenateSecond Reading
  5/16/2023SenatePlaced on Calendar Order of 3rd Reading May 17, 2023
  5/17/2023SenateThird Reading - Passed; 040-017-000
  5/17/2023HousePassed Both Houses
  6/15/2023HouseSent to the Governor
  6/27/2023HouseGovernor Approved
  6/27/2023HousePublic Act . . . . . . . . . 103-0107
  6/27/2023HouseEffective Date June 27, 2023

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