MISLEADING PRACTICES PENALTY

What it does

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

Amends the Illinois Banking Act. In provisions concerning the penalty for misleading practices and names, changes the civil penalty that may be imposed to the maximum amount otherwise permitted under specified provisions, $100,000 for each violation (rather than $10,000 for each violation). Provides that the remedies provided in those provisions are in addition to, not to the exclusion of, any other remedies available under the law. Defines terms. Makes other changes.

Every action

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

1. Mar 12, 2025CommitteeHouse Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee · House Financial Institutions & Licensing
2. Mar 18, 2025CommitteeHouse Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote · House Financial Institutions & Licensing
3. Mar 18, 2025CommitteeDo Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 008-004-000 · House Financial Institutions & Licensing
4. Mar 19, 2025HousePlaced on Calendar 2nd Reading - Short Debate
5. Mar 26, 2025HouseSecond Reading - Short Debate
6. Mar 26, 2025HouseHeld on Calendar Order of Second Reading - Short Debate
7. Apr 8, 2025HouseAdded Co-Sponsor Rep. Camille Y. Lilly
8. Apr 11, 2025CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules

Roll calls

1 recorded vote: 0 on the floor, 1 in committee. Each shows how every member voted.

Committee votes

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Democrat.

• Margaret CrokeD Primary sponsor · District 12