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

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

1. May 22, 2025HouseAdded Alternate Co-Sponsor Rep. Anthony DeLuca
2. May 22, 2025HouseThird Reading - Short Debate - Passed 114-000-000
3. May 22, 2025SenatePassed Both Houses
4. May 28, 2025SenateAdded as Co-Sponsor Sen. Chris Balkema
5. Jun 20, 2025SenateSent to the Governor
6. Aug 1, 2025SenateGovernor Approved
7. Aug 1, 2025SenateEffective Date January 1, 2026
8. Aug 1, 2025SenatePublic Act . . . . . . . . . 104-0144

Roll calls

6 recorded votes: 2 on the floor, 4 in committee. Each shows how every member voted.

Committee and other votes

Sponsors

The member who introduced it, joined by 7 cosponsors: 4 Democrats, 3 Republicans.

• Laura EllmanD Primary sponsor · District 21
• Margaret CrokeD Floor sponsor · District 12