Date	Chamber	Action
8/18/2014	House	Public Act . . . . . . . . . 98-0991

Statutes Amended In Order of Appearance

205 ILCS 657/5

Synopsis As Introduced
Amends the Transmitters of Money Act. Changes the definition of "transmitting money" to exclude providing payment services to a seller of goods or services, a payee, or a payment processor in connection with the sale of goods or services. Effective immediately.

House Committee Amendment No. 2

	Deletes reference to:
	205 ILCS 657/5

	Adds reference to:
	205 ILCS 657/15

Replaces everything after the enacting clause. Amends the Transmitters of Money Act. Provides that an operator of a payment system is exempt from the licensing requirements of the Act to the extent that it provides processing, clearing, or settlement services to persons exempt under the Act in connection with certain transactions and transfers. Effective immediately.

Actions 

Date	Chamber	Action
9/25/2013	House	Filed with the Clerk by Rep. Lou Lang
10/22/2013	House	First Reading
10/22/2013	House	Referred to Rules Committee
1/28/2014	House	Assigned to Financial Institutions Committee
2/24/2014	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Lou Lang
2/24/2014	House	House Committee Amendment No. 1 Referred to Rules Committee
2/27/2014	House	House Committee Amendment No. 2 Filed with Clerk by Rep. Lou Lang
2/27/2014	House	House Committee Amendment No. 2 Referred to Rules Committee
3/3/2014	House	House Committee Amendment No. 2 Rules Refers to Financial Institutions Committee
3/4/2014	House	House Committee Amendment No. 2 Adopted in Financial Institutions Committee; by Voice Vote
3/4/2014	House	Do Pass as Amended / Short Debate Financial Institutions Committee; 015-000-000
3/4/2014	House	House Committee Amendment No. 1 Tabled Pursuant to Rule 40
3/5/2014	House	Placed on Calendar 2nd Reading - Short Debate
3/6/2014	House	Second Reading - Short Debate
3/6/2014	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/19/2014	House	Third Reading - Short Debate - Passed 075-028-000
3/19/2014	Senate	Arrive in Senate
3/19/2014	Senate	Placed on Calendar Order of First Reading March 20, 2014
3/19/2014	Senate	Chief Senate Sponsor Sen. Kwame Raoul
3/20/2014	Senate	First Reading
3/20/2014	Senate	Referred to Assignments
5/1/2014	Senate	Assigned to Financial Institutions
5/7/2014	Senate	Do Pass Financial Institutions; 007-000-000
5/7/2014	Senate	Placed on Calendar Order of 2nd Reading May 8, 2014
5/15/2014	Senate	Second Reading
5/15/2014	Senate	Placed on Calendar Order of 3rd Reading May 19, 2014
5/23/2014	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2014
5/26/2014	Senate	Third Reading - Passed; 045-000-000
5/26/2014	House	Passed Both Houses
6/24/2014	House	Sent to the Governor
8/18/2014	House	Governor Approved
8/18/2014	House	Effective Date August 18, 2014
8/18/2014	House	Public Act . . . . . . . . . 98-0991

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