102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB5520
 
Introduced 1/31/2022, by Rep. Tom Demmer
 
SYNOPSIS AS INTRODUCED:
 

 
15 ILCS 505/40 new

     Amends the State Treasurer Act. Creates within the Office of the State Treasurer a Division of Financial Crimes for the purpose of helping victims of financial crimes in Illinois identify that such crime has occurred and navigate the justice system. Provides for the appointment of personnel to the Division. Provides that the Division shall have the power and duty to investigate violations of financial crimes law and all related matters, and to bring, through the Attorney General or applicable State's Attorney, action against any person violating any financial crimes law of this State. Provides remedies for an action brought for violation of financial crimes law. Provides for the adoption of rules.
  


LRB102 23909 RJF 33107 b

 
 
A BILL FOR
 

  
HB5520LRB102 23909 RJF 33107 b


  
1    AN ACT concerning State government.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  
 
 
4    Section 5. The State Treasurer Act is amended  by adding 
5Section 40 as follows:
 
6    (15 ILCS 505/40 new)
7    Sec. 40. Division of Financial Crimes.
8    (a)   There is created within the Office of the State 
9Treasurer a Division of Financial Crimes for the purpose of 
10helping victims of financial crimes in Illinois identify that 
11such crime has occurred and navigate the justice system.
12    (b)   The Division of Financial Crimes shall consist of 
13investigators and attorneys, together with other staff as 
14deemed necessary by the State Treasurer, who shall be 
15appointed by the State Treasurer and have expertise concerning 
16financial crimes under federal law and under the laws of this 
17State. Persons appointed under this Section for purposes of 
18performing the legal and investigatory duties of the Division 
19shall be considered law enforcement officials.
20    (c)   The Division of Financial Crimes shall have the power 
21and duty on behalf of persons within this State to investigate 
22violations of financial crimes law and all related matters, 
23and may, in the name of the People of the State of Illinois, 
 
 
HB5520- 2 -LRB102 23909 RJF 33107 b

1through the Attorney General or the State's Attorney of the 
2county in which the violation occurs, bring action against any 
3person violating any applicable financial crimes law of this 
4State.
5    (d)   In an action brought under this Section, the Attorney 
6General or applicable State's Attorney may obtain, in addition 
7to any other penalty provided by law, as a remedy, monetary 
8damages, restitution, and equitable relief, including any 
9permanent or preliminary injunction, temporary restraining 
10order, or other order, including an order enjoining the 
11defendant from engaging in a violation, or order any action as 
12may be appropriate.
13    (e)   The State Treasurer shall adopt all rules necessary 
14for the implementation of this Section.