Illinois · House Bill 3479 · 103rd General Assembly

FINANCIAL REGULATION-VARIOUS

HB 3479 Sponsored by Mark L. Walker Passed one chamber, then died

  1. Introduced Feb 17, 2023
  2. In committee Feb 17, 2023
  3. Passed the House Apr 27, 2023
  4. Died  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Creates the Uniform Money Transmission Modernization Act. Provides that the provisions supersede the Transmitters of Money Act. Sets forth provisions concerning money transmission licenses; acquisition of control; reporting and records; authorized delegates; timely transmission, refunds, and disclosures; prudential standards; and enforcement. Creates the Digital Assets Regulation Act. Provides that the Department of…

Read the full title (153 words)

Creates the Uniform Money Transmission Modernization Act. Provides that the provisions supersede the Transmitters of Money Act. Sets forth provisions concerning money transmission licenses; acquisition of control; reporting and records; authorized delegates; timely transmission, refunds, and disclosures; prudential standards; and enforcement. Creates the Digital Assets Regulation Act. Provides that the Department of Financial and Professional Regulation shall regulate digital asset business activity in the State. Sets forth provisions concerning customer protections; compliance; licensure; supervision; general restrictions and prohibitions; confidentiality; and rulemaking authority. Amends the Corporate Fiduciary Act to create the Special Purpose Trust Company Authority and Organization Article. Makes conforming changes in the Freedom of Information Act, the Illinois Banking Act, and the Consumer Fraud and Deceptive Business Practices Act. Provides that the Transmitters of Money Act is repealed on January 1, 2025. Makes other changes. Effective immediately, except that the changes to the Transmitters of Money Act take effect January 1, 2025.

Every action

38 steps, oldest first, as the legislature records them.

Show the 30 earlier steps
  1. HouseFiled with the Clerk by Rep. Mark L. Walker
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. CommitteeAssigned to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
  5. CommitteeDo Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000 · House Financial Institutions & Licensing
  6. HousePlaced on Calendar 2nd Reading - Short Debate
  7. HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker
  8. CommitteeHouse Floor Amendment No. 1 Referred to Rules Committee · House Rules
  9. CommitteeHouse Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
  10. HouseAdded Co-Sponsor Rep. Dagmara Avelar
  11. HouseSecond Reading - Short Debate
  12. HouseHeld on Calendar Order of Second Reading - Short Debate
  13. CommitteeHouse Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000 · House Financial Institutions & Licensing
  14. HouseAdded Co-Sponsor Rep. Aarón M. Ortíz
  15. HouseAdded Chief Co-Sponsor Rep. Aarón M. Ortíz
  16. HouseRemoved Co-Sponsor Rep. Aarón M. Ortíz
  17. HouseHouse Floor Amendment No. 1 Adopted
  18. HousePlaced on Calendar Order of 3rd Reading - Short Debate
  19. HousePlaced on Calendar - Consideration Postponed
  20. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  21. CommitteeApproved for Consideration Rules Committee; 005-000-000 · House Rules
  22. HousePlaced on Calendar - Consideration Postponed
  23. HouseThird Reading Deadline Extended-Rule May 19, 2023
  24. HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Mark L. Walker
  25. CommitteeHouse Floor Amendment No. 2 Referred to Rules Committee · House Rules
  26. CommitteeHouse Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
  27. CommitteeHouse Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee; 010-002-000 · House Financial Institutions & Licensing
  28. HouseThird Reading - Consideration Postponed
  29. HouseRecalled to Second Reading - Short Debate
  30. HouseHouse Floor Amendment No. 2 Adopted
  1. HousePlaced on Calendar Order of 3rd Reading - Short Debate
  2. HouseThird Reading - Short Debate - Passed 090-021-000
  3. SenateArrive in Senate
  4. SenatePlaced on Calendar Order of First Reading
  5. SenateChief Senate Sponsor Sen. Laura Ellman
  6. SenateFirst Reading
  7. CommitteeReferred to Assignments · Senate Assignments
  8. HouseSession Sine Die

Roll calls

4 recorded votes: 1 on the floor, 3 in committee. Each shows how every member voted.

Third Reading · Full House

Passed 90–21
Apr 27, 2023 · journal entry
Yes 90 No 21 Not voting 7
Democrats: 72 yes, 0 no Republicans: 18 yes, 21 no
How each member voted

Yes · 90

No · 21

Absent · 2

Excused · 5

Committee and other votes

DateWhereQuestionResult
Mar 7, 2023 House Financial Institutions & Licensing Financial Institutions & Licensing - Do Pass
Members

Yes · 8

No · 4

 Passed 8–4
Mar 23, 2023 House Financial Institutions & Licensing House Floor Amendment No. 1 - Financial Institutions & Licensing - Recommends Be Adopted
Members

Yes · 8

No · 4

 Passed 8–4
Apr 25, 2023 House Financial Institutions & Licensing House Floor Amendment No. 2 - Financial Institutions & Licensing - Recommends Be Adopted
Members

Yes · 10

No · 2

 Passed 10–2

Sponsors

The member who introduced it, joined by 2 cosponsors: 2 Democrats.

All 2 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.