Illinois · Senate Bill 3666 · 103rd General Assembly

DIGITAL ASSETS REGULATION ACT

SB 3666 Sponsored by Laura Ellman Died in committee

  1. Introduced Feb 9, 2024
  2. In committee Feb 9, 2024
  3. Died  
  4. Passed the House  
  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 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: applicability; the powers and duties of the Department; funds; customer protections; custody and protection of customer assets; covered exchanges; compliance; registration; supervision; records; additional…

Read the full title (104 words)

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: applicability; the powers and duties of the Department; funds; customer protections; custody and protection of customer assets; covered exchanges; compliance; registration; supervision; records; additional procedural provisions; confidentiality; violations; enforcement; rulemaking authority; and severability. Creates the Special Purpose Trust Company Article in the Corporate Fiduciary Act. Sets forth provisions concerning certificates of authority; rulemaking and organization; certificates of authority for foreign corporate fiduciaries; eligibility; fees; and certificates of reciprocity. Makes other changes to various Acts. Effective immediately.

Every action

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

Show the 20 earlier steps
  1. SenateFiled with Secretary by Sen. Laura Ellman
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Executive · Senate Executive
  5. SenateAdded as Co-Sponsor Sen. David Koehler
  6. SenateAdded as Co-Sponsor Sen. Lakesia Collins
  7. SenateAdded as Co-Sponsor Sen. Doris Turner
  8. SenateAdded as Co-Sponsor Sen. Karina Villa
  9. SenateAdded as Co-Sponsor Sen. Laura Fine
  10. SenateAdded as Chief Co-Sponsor Sen. Suzy Glowiak Hilton
  11. SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr.
  12. SenateAdded as Co-Sponsor Sen. Rachel Ventura
  13. SenateAdded as Chief Co-Sponsor Sen. Ann Gillespie
  14. SenateAdded as Chief Co-Sponsor Sen. Bill Cunningham
  15. SenateAdded as Co-Sponsor Sen. Robert Peters
  16. SenateAdded as Co-Sponsor Sen. Mike Porfirio
  17. SenateAdded as Co-Sponsor Sen. Michael E. Hastings
  18. SenateAdded as Co-Sponsor Sen. Robert F. Martwick
  19. SenateAdded as Co-Sponsor Sen. Mary Edly-Allen
  20. SenateAdded as Co-Sponsor Sen. Adriane Johnson
  1. SenateSponsor Removed Sen. Michael E. Hastings
  2. SenateRule 2-10 Committee Deadline Established As April 5, 2024
  3. SenateRule 2-10 Committee Deadline Established As April 19, 2024
  4. CommitteePostponed - Executive · Senate Executive
  5. SenateRule 2-10 Third Reading Deadline Established As May 3, 2024
  6. SenateRule 2-10 Committee Deadline Established As May 3, 2024
  7. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
  8. SenateSession Sine Die

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 15 cosponsors: 15 Democrats.

All 15 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.