Rep. Margaret Croke

Filed: 4/15/2021





10200HB3968ham001LRB102 13385 BMS 25361 a


2    AMENDMENT NO. ______. Amend House Bill 3968 on page 24, by
3replacing lines 17 through 22 with the following:
4    "(205 ILCS 725/11 new)
5    Sec. 11. Digital asset custody rules.
6    (a) As used in this Section, "digital asset" means a
7representation of economic, proprietary, or access rights that
8is stored in a computer readable format.
9    (b) The Department of Financial and Professional
10Regulation, in addition to the authority provided under any
11other law, shall have authority to adopt rules, opinions, or
12interpretive letters regarding the provision of custodial
13services for digital assets by banks chartered under the
14Illinois Banking Act, savings banks chartered under the
15Savings Bank Act, and corporate fiduciaries authorized under
16Article II or IIA of the Corporate Fiduciary Act.".