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Amends the Illinois Credit Union Act. Provides that the regulatory fee schedule shall not be increased if the amount remaining in the Credit Union Fund at the end of any fiscal year is greater than 25% of that fiscal year's total initial appropriations, or the most recent fiscal year for which there is an initial appropriations, relating to the administration and enforcement of the provisions and other related laws…
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Amends the Illinois Credit Union Act. Provides that the regulatory fee schedule shall not be increased if the amount remaining in the Credit Union Fund at the end of any fiscal year is greater than 25% of that fiscal year's total initial appropriations, or the most recent fiscal year for which there is an initial appropriations, relating to the administration and enforcement of the provisions and other related laws, rules, and regulations (rather than the total actual and operational expenses incurred by the State in administering and enforcing the provisions and other laws, rules, and regulations as may apply to the administration and enforcement of laws, rules, and regulations for the preceding fiscal year). Provides that when the balance in the Credit Union Fund at the end of a fiscal year exceeds 25% of that fiscal year's total initial appropriations relating to the administration and enforcement of the provisions and other related laws, rules, and regulations (rather than the total administrative and operational expenses incurred by the State in administering and enforcing the provisions), the excess shall be credited to credit unions and applied against their regulatory fees for the subsequent fiscal year. Provides that the amount credited to each credit union shall be in the same proportion as the regulatory fee paid by that credit union for the fiscal year in which the excess is produced bears to the aggregate amount of all regulatory fees (rather than fees) collected by the Department of Financial and Professional Regulation under the provisions for the same fiscal year. Removes a regulatory fee cap of $141,875. Makes other changes.
Every action
48 steps, oldest first, as the legislature records them.
Show the 40 earlier steps
HouseFiled with the Clerk by Rep. Margaret Croke
HouseFirst Reading
CommitteeReferred to Rules Committee · House Rules
CommitteeAssigned to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
CommitteeDo Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000 · House Financial Institutions & Licensing
HousePlaced on Calendar 2nd Reading - Short Debate
HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Margaret Croke
CommitteeHouse Floor Amendment No. 1 Referred to Rules Committee · House Rules
CommitteeHouse Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
HouseAdded Co-Sponsor Rep. Dagmara Avelar
HouseSecond Reading - Short Debate
HouseHeld on Calendar Order of Second Reading - Short Debate
HouseAdded Co-Sponsor Rep. Kam Buckner
CommitteeHouse Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-003-000 · House Financial Institutions & Licensing
CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
CommitteeHouse Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee · House Rules
HouseThird Reading Deadline Extended-Rule May 19, 2023
CommitteeApproved for Consideration Rules Committee; 005-000-000 · House Rules
HousePlaced on Calendar 2nd Reading - Short Debate
HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Margaret Croke
CommitteeHouse Floor Amendment No. 2 Referred to Rules Committee · House Rules
HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Margaret Croke
CommitteeHouse Floor Amendment No. 3 Referred to Rules Committee · House Rules
CommitteeHouse Floor Amendment No. 3 Rules Refers to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
CommitteeHouse Floor Amendment No. 3 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000 · House Financial Institutions & Licensing
HouseHouse Floor Amendment No. 3 Adopted
HousePlaced on Calendar Order of 3rd Reading - Short Debate
HouseThird Reading - Short Debate - Passed 068-040-000
SenateArrive in Senate
SenatePlaced on Calendar Order of First Reading
SenateChief Senate Sponsor Sen. Laura Ellman
SenateFirst Reading
CommitteeReferred to Assignments · Senate Assignments
CommitteeAssigned to Financial Institutions · Senate Financial Institutions
SenateRule 2-10 Committee Deadline Established As May 19, 2023
SenateRule 2-10 Third Reading Deadline Established As May 25, 2023
SenateRule 2-10 Committee Deadline Established As May 21, 2023
SenateRule 2-10 Third Reading Deadline Established As May 19, 2023
