Bill Status of SB3027 93rd General Assembly
Short Description: FIN REG-FEDERALLY INSURED BANK
Sen. Kimberly A. Lightford - Dan Rutherford - Mattie Hunter
(Rep. Joseph M. Lyons - Bill Mitchell)
| 1/11/2005||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Banking Act. Defines "federally insured depository institution" to mean a bank that is insured by the Federal Deposit Insurance Corporation or other instrumentality of or corporation chartered by the United States that is supported by the full faith and credit of the United States government. Modifies the general corporate powers of banks organized under or subject to the Act. Allows banks to offer any product or service that is at the time authorized or permitted to any federally insured depository institution by applicable law subject to the same limitations and restrictions that are applicable to the federally insured depository institution for the product or service by such applicable law. Effective immediately.
Senate Floor Amendment No. 2
Makes changes in provisions pertaining to a bank's general corporate powers to offer any product or service that is at the time authorized or permitted to any federally insured depository institution by applicable law.
|Date||Chamber|| Action|| 2/6/2004||Senate||Filed with Secretary by Sen. Kimberly A. Lightford|| 2/6/2004||Senate||First Reading|| 2/6/2004||Senate||Referred to Rules|| 2/10/2004||Senate||Added as Chief Co-Sponsor Sen. Dan Rutherford|| 2/18/2004||Senate||Assigned to Financial Institutions|| 2/25/2004||Senate||Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kimberly A. Lightford|| 2/25/2004||Senate||Senate Committee Amendment No. 1 Referred to Rules|| 2/26/2004||Senate||Do Pass Financial Institutions; 006-003-000|| 2/26/2004||Senate||Placed on Calendar Order of 2nd Reading March 2, 2004|| 3/23/2004||Senate||Senate Floor Amendment No. 2 Filed with Secretary by Sen. Kimberly A. Lightford|| 3/23/2004||Senate||Senate Floor Amendment No. 2 Referred to Rules|| 3/24/2004||Senate||Senate Floor Amendment No. 2 Rules Refers to Financial Institutions|| 3/24/2004||Senate||Senate Floor Amendment No. 2 Be Adopted Financial Institutions; 009-000-000|| 3/24/2004||Senate||Second Reading|| 3/24/2004||Senate||Senate Floor Amendment No. 2 Adopted; Lightford|| 3/24/2004||Senate||Placed on Calendar Order of 3rd Reading March 25, 2004|| 3/26/2004||Senate||Added as Chief Co-Sponsor Sen. Mattie Hunter|| 3/26/2004||Senate||Third Reading - Passed; 049-004-001|| 3/26/2004||Senate||Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)|| 3/26/2004||House||Arrived in House|| 3/26/2004||House||Placed on Calendar Order of First Reading|| 3/26/2004||House||Chief House Sponsor Rep. Joseph M. Lyons|| 3/29/2004||House||First Reading|| 3/29/2004||House||Referred to Rules Committee|| 4/2/2004||House||Added Alternate Chief Co-Sponsor Rep. Bill Mitchell|| 1/11/2005||Senate||Session Sine Die|