Bill Status of SB 2581   96th General Assembly

Short Description:  STATE BANKING BOARD-VARIOUS

Senate Sponsors
Sen. Jacqueline Y. Collins and Emil Jones, III

House Sponsors
(Rep. John A. Fritchey)


Last Action  View All Actions

DateChamber Action
  7/21/2010SenatePublic Act . . . . . . . . . 96-1163

Statutes Amended In Order of Appearance
20 ILCS 3210/1from Ch. 17, par. 401
20 ILCS 3210/3.01from Ch. 17, par. 403.1
20 ILCS 3210/3.07 new
20 ILCS 3210/4from Ch. 17, par. 404
20 ILCS 3210/5from Ch. 17, par. 405
20 ILCS 3210/8from Ch. 17, par. 408
205 ILCS 5/2from Ch. 17, par. 302
205 ILCS 5/48from Ch. 17, par. 359
205 ILCS 5/78from Ch. 17, par. 390
205 ILCS 5/79from Ch. 17, par. 391
205 ILCS 5/80from Ch. 17, par. 392
205 ILCS 5/82from Ch. 17, par. 394
205 ILCS 10/2from Ch. 17, par. 2502
205 ILCS 10/3.074from Ch. 17, par. 2510.04
205 ILCS 620/1-5.03from Ch. 17, par. 1551-5.03
205 ILCS 620/1-5.07a new
205 ILCS 620/1-5.09a new
205 ILCS 620/5-6from Ch. 17, par. 1555-6
205 ILCS 620/5-8from Ch. 17, par. 1555-8

Synopsis As Introduced
Amends various Acts to provide that references to the Commissioner of Banks and Real Estate now refer to the Secretary of Financial and Professional Regulation and that references to the Office of Banks and Real Estate are now references to the Division of Banking of the Department of Financial and Professional Regulation. Amends the Illinois Bank Examiners' Education Foundation Act. Provides that the purpose of the Illinois Bank Examiners' Education Foundation is to further continuing education for employees of the Division. Provides that references to "Board" in the Act refer to the State Banking Board of Illinois and that the Foundation shall be governed by the State Banking Board of Illinois (instead of the Board of Trustees). Changes provisions concerning liability. Amends the Illinois Banking Act. Changes provisions concerning the powers of the Secretary. Changes provisions concerning the membership composition and terms of office of members of the State Banking Board of Illinois. Changes provisions concerning the powers of the Board, including powers related to fund transfers, investment of funds, and continuing education programs. Amends the Illinois Bank Holding Company Act of 1957. Provides that the specified powers apply to the Secretary (instead of the Commissioner). In provisions concerning removal orders, deletes language referring to certain procedures in front of the Board. Amends the Corporate Fiduciary Act. Provides that provisions concerning removal orders apply to the Secretary (instead of the Commissioner). In provisions concerning removal orders, deletes language referring to certain procedures in front of the Board. Provides that language concerning all final administrative decisions apply to the Secretary (instead of the Commissioner or, under specified circumstances, the Board).

Senate Floor Amendment No. 1
Restores language requiring the Secretary of Financial and Professional Regulation to furnish the State Banking Board of Illinois space for meetings to be held by the Board as well as to require the Secretary to provide such clerical and technical assistance as the Board may require.

Actions 
DateChamber Action
  1/21/2010SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  1/21/2010SenateFirst Reading
  1/21/2010SenateReferred to Assignments
  2/4/2010SenateAssigned to Financial Institutions
  2/10/2010SenateDo Pass Financial Institutions; 011-000-000
  2/10/2010SenatePlaced on Calendar Order of 2nd Reading February 16, 2010
  2/23/2010SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
  2/23/2010SenateSenate Floor Amendment No. 1 Referred to Assignments
  2/24/2010SenateSenate Floor Amendment No. 1 Assignments Refers to Financial Institutions
  3/3/2010SenateSenate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 009-000-000
  3/4/2010SenateSecond Reading
  3/4/2010SenateSenate Floor Amendment No. 1 Adopted; Collins
  3/4/2010SenatePlaced on Calendar Order of 3rd Reading March 9, 2010
  3/9/2010SenateAdded as Co-Sponsor Sen. Emil Jones, III
  3/9/2010SenateThird Reading - Passed; 056-000-000
  3/10/2010HouseArrived in House
  3/10/2010HouseChief House Sponsor Rep. John A. Fritchey
  3/10/2010HousePlaced on Calendar Order of First Reading
  3/10/2010HouseFirst Reading
  3/10/2010HouseReferred to Rules Committee
  3/22/2010HouseAssigned to Financial Institutions Committee
  4/20/2010HouseDo Pass / Short Debate Financial Institutions Committee; 019-000-000
  4/21/2010HousePlaced on Calendar 2nd Reading - Short Debate
  4/23/2010HouseSecond Reading - Short Debate
  4/23/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/27/2010HouseThird Reading - Short Debate - Passed 113-000-002
  4/27/2010SenatePassed Both Houses
  5/26/2010SenateSent to the Governor
  7/21/2010SenateGovernor Approved
  7/21/2010SenateEffective Date January 1, 2011
  7/21/2010SenatePublic Act . . . . . . . . . 96-1163

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