MILLER-O'BRIEN-BROSNAHAN AND REITZ. (CRONIN-OBAMA) 720 ILCS 5/16-1 from Ch. 38, par. 16-1 720 ILCS 5/29B-1 from Ch. 38, par. 29B-1 Amends the Criminal Code of 1961. Provides that theft of property in excess of $500,000 is a Class X felony (rather than a Class 1 felony). In the money laundering statute, provides that any property expressly or impliedly represented to be property constituting or derived from proceeds obtained, directly or indirectly, pursuant to a violation of the Criminal Code of 1961, the Illinois Controlled Substances Act, or the Cannabis Control Act is criminally derived property. Provides that laundering criminally derived property in excess of $500,000 is a Class X felony (rather than a Class 1 felony). Effective immediately. FISCAL NOTE (Department of Corrections) HB 5658 would cause an increase of 9 inmates in the corrections population and would have a fiscal impact of $1,729,400. CORRECTIONAL NOTE (Department of Corrections) Same as DOC fiscal note. FEB-06-2002 H FILED WITH CLERK FEB-06-2002 H FIRST READING FEB-06-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-13-2002 H ADDED AS A JOINT SPONSOR BROSNAHAN FEB-13-2002 H ADDED AS A CO-SPONSOR REITZ FEB-13-2002 H ASSIGNED TO COMMITTEE JUD-CRIMINAL FEB-22-2002 H DO PASS/SHORT DEBATE 013-000-000 HJUB FEB-22-2002 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAR-21-2002 H FISCAL NOTE FILED MAR-21-2002 H CORRECTIONAL NOTE FILED MAR-21-2002 H CALENDAR ORDER 2ND READING-SHORT DEBATE MAR-22-2002 H SECOND READING-SHORT DEBATE MAR-22-2002 H HELD ON CAL ORDER 2ND RDG - SHORT DEBATE APR-04-2002 H PRIMARY SPONSOR CHANGED TO MILLER APR-04-2002 H ADDED AS A JOINT SPONSOR O'BRIEN APR-04-2002 H PLCD CAL ORDER 3RD READING-SHORT DEBATE APR-04-2002 H THIRD READING/SHORT DEBATE/PASSED 118-000-000 APR-09-2002 S ARRIVE IN SENATE APR-09-2002 S PLACED CALENDAR ORDER OF FIRST READING 02-04-10 APR-12-2002 S CHIEF SPONSOR CRONIN APR-16-2002 S FIRST READING APR-16-2002 S REFERRED TO SENATE RULES COMMITTEE RULES APR-16-2002 S ADDED AS A CO-SPONSOR HALVORSON MAY-16-2002 S ADDED AS A CHIEF CO-SPONSOR OBAMA JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary