HB3233 EngrossedLRB103 29414 BMS 55805 b


  
1    AN ACT concerning regulation.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The Currency Exchange Act is amended  by adding 
5Section 26 as follows:
 
6    (205 ILCS 405/26 new)
7    Sec. 26. Donations; Illinois DREAM Fund. A customer who 
8uses a service of a licensee to send money, money orders, or 
9other evidences of money to a destination in a foreign country 
10shall be offered an option to voluntarily donate a portion of 
11the money, money order, or other evidence of money to the 
12Illinois DREAM Fund by rounding the amount of the transaction 
13up to the nearest dollar. The option to donate to the Illinois 
14DREAM Fund must be presented to the customer before the 
15completion of that transaction. The licensee shall ensure that 
16the donated amount that is equal to the increase in amount by 
17rounding up to the nearest dollar is provided to the Illinois 
18DREAM Fund.
 
19    Section 10. The Transmitters of Money Act is amended  by 
20adding Section 94 as follows:
 
21    (205 ILCS 657/94 new)
 
 
HB3233 Engrossed- 2 -LRB103 29414 BMS 55805 b

1    Sec. 94. Donations; Illinois DREAM Fund. A customer who 
2uses a service of a licensee to sell or issue payment 
3instruments, transmit money, or exchange payment instruments 
4or money of the United States government or a foreign 
5government to or from money of another government shall be 
6offered an option to voluntarily donate a portion of the 
7payment instrument or money to the Illinois DREAM Fund by 
8rounding the amount of the transaction up to the nearest 
9dollar. The option to donate to the Illinois DREAM Fund must be 
10presented to the customer before the completion of that 
11transaction. The licensee shall ensure that the donated amount 
12that is equal to the increase in amount by rounding up to the 
13nearest dollar is provided to the Illinois DREAM Fund.