The legislature's own summary of the bill, or its official long title.
Amends the Illinois Community Reinvestment Act. Provides that the Secretary of Financial and Professional Regulation shall retain qualified persons to design and conduct one or more disparity studies to prepare and report findings and conclusions to the Secretary to: (1) identify and delineate geographies in Illinois exhibiting significant disparities by protected characteristics with respect to: access to financial…
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Amends the Illinois Community Reinvestment Act. Provides that the Secretary of Financial and Professional Regulation shall retain qualified persons to design and conduct one or more disparity studies to prepare and report findings and conclusions to the Secretary to: (1) identify and delineate geographies in Illinois exhibiting significant disparities by protected characteristics with respect to: access to financial products or services, including, but not limited to, physical branches of covered financial institutions; and lending and investments by covered financial institutions; and (2) identify policies, procedures, patterns, or practices that have or may have disparate impact or discriminatory effects. Provides that the Secretary shall implement the findings, conclusions, and other results from the study into the examination process as detailed in rule. Provides that the Secretary shall update the disparity studies at least every 4 years, but may require it to be updated more frequently at the Secretary's discretion. Provides that the Secretary may use specified fees to pay for the disparity studies, as necessary. Defines the term "protected characteristic". Effective immediately.
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85 steps, oldest first, as the legislature records them.
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SenateFiled with Secretary by Sen. Christopher Belt
SenateFirst Reading
CommitteeReferred to Assignments · Senate Assignments
SenateAdded as Co-Sponsor Sen. Bill Cunningham
SenateAdded as Chief Co-Sponsor Sen. Karina Villa
SenateSponsor Removed Sen. Bill Cunningham
SenateAdded as Co-Sponsor Sen. Lakesia Collins
SenateAdded as Chief Co-Sponsor Sen. Bill Cunningham
SenateSponsor Removed Sen. Lakesia Collins
SenateAdded as Chief Co-Sponsor Sen. Lakesia Collins
CommitteeAssigned to Executive · Senate Executive
SenateAdded as Co-Sponsor Sen. Robert Peters
SenateAdded as Co-Sponsor Sen. Ann Gillespie
SenateAdded as Co-Sponsor Sen. Javier L. Cervantes
SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Christopher Belt
CommitteeSenate Committee Amendment No. 1 Referred to Assignments · Senate Assignments
CommitteeDo Pass as Amended Executive; 010-003-000 · Senate Executive
SenatePlaced on Calendar Order of 2nd Reading March 20, 2024
SenateAdded as Co-Sponsor Sen. Linda Holmes
SenateAdded as Co-Sponsor Sen. Napoleon Harris, III
SenateAdded as Co-Sponsor Sen. Laura M. Murphy
SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Christopher Belt
CommitteeSenate Floor Amendment No. 2 Referred to Assignments · Senate Assignments
SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Christopher Belt
CommitteeSenate Floor Amendment No. 3 Referred to Assignments · Senate Assignments
CommitteeSenate Floor Amendment No. 2 Pursuant to Senate Rule 3-8 (b-1), the following amendments will remain in the Committee on Assignments · Senate Assignments
