Illinois General Assembly - Bill Status for HB4947
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 Bill Status of HB4947  100th General Assembly

Short Description:  STATE BANK-BOARD

House Sponsors
Rep. Natalie A. Manley

Last Action
DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 5/16from Ch. 17, par. 323
205 ILCS 5/35from Ch. 17, par. 343
205 ILCS 5/80.5 new

Synopsis As Introduced
Amends the Illinois Banking Act. Provides that a State bank that has been in existence for 10 years or more and has less than $50,000,000 (rather than $20,000,000) in assets may have a minimum of 3 directors. Extends the exemptions from loan and investment limits described in specified provisions of this Act to any department, bureau, board, commission, or establishment of the United States, including any corporation wholly owned by the United States. Provides that the Secretary shall provide information relating to the prior fiscal year upon the request of the State Banking Board.

DateChamber Action
  2/14/2018HouseFiled with the Clerk by Rep. Natalie A. Manley
  2/14/2018HouseFirst Reading
  2/14/2018HouseReferred to Rules Committee
  3/21/2018HouseAssigned to Financial Institutions Committee
  4/13/2018HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

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