Illinois General Assembly - Bill Status for HB2962
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 Bill Status of HB2962  102nd General Assembly


Short Description:  CURRENCY EXCHANGE ACT-LICENSES

House Sponsors
Rep. Camille Y. Lilly

Last Action
DateChamber Action
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
205 ILCS 405/10from Ch. 17, par. 4817
205 ILCS 405/3.2 rep.
205 ILCS 405/9 rep.


Synopsis As Introduced
Amends the Currency Exchange Act. Requires that an applicant for a license to operate a currency exchange must provide a statement that the business is in good standing with the State of Illinois and in compliance with the Department of Revenue. Repeals a provision that allows community currency exchanges and ambulatory currency exchanges to engage in distribution of Supplemental Nutrition Assistance Program (SNAP) benefits and a provision that prohibits community currency exchanges and ambulatory currency exchanges from issuing tokens to be used instead of money for the purchase of goods or services from any enterprise.

Actions 
DateChamber Action
  2/18/2021HouseFiled with the Clerk by Rep. Camille Y. Lilly
  2/19/2021HouseFirst Reading
  2/19/2021HouseReferred to Rules Committee
  3/9/2021HouseAssigned to Financial Institutions Committee
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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