Illinois General Assembly - Bill Status for HB3953
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 Bill Status of HB3953 General Assembly


House Sponsors
Rep. Kambium Buckner

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the Cannabis Banking and Credit Union Act. Establishes a procedure to license financial institutions to provide banking services to cannabis businesses. Sets forth provisions concerning an advisory board, application and licensure, authorizations, deposit insurance, banking services, prohibited practices, and operative conditions. Effective immediately.

DateChamber Action
  11/5/2019HouseFiled with the Clerk by Rep. Kambium Buckner
  11/12/2019HouseFirst Reading
  11/12/2019HouseReferred to Rules Committee
  1/16/2020HouseAdded Co-Sponsor Rep. Katie Stuart
  1/28/2020HouseAssigned to Financial Institutions Committee
  1/28/2020HouseRemoved Co-Sponsor Rep. Katie Stuart
  6/23/2020HouseRule 19(b) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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