HB0742 - 104th General Assembly
REGULATION-TECH
Statutes Amended In Order of Appearance
205 ILCS 5/1from Ch. 17, par. 301
Synopsis As Introduced
Amends the Illinois Banking Act. Makes a technical change in a Section concerning the short title.
House Floor Amendment No. 2
Deletes reference to:
Adds reference to:
New Act
30 ILCS 105/5.1030 new
205 ILCS 5/2from Ch. 17, par. 302
205 ILCS 5/30from Ch. 17, par. 337
205 ILCS 620/1-5.08from Ch. 17, par. 1551-5.08
205 ILCS 620/2-1from Ch. 17, par. 1552-1
205 ILCS 620/Art. IIA heading new
205 ILCS 620/2A-1 new
205 ILCS 620/2A-2 new
205 ILCS 620/2A-3 new
205 ILCS 620/2A-4 new
205 ILCS 620/4-1from Ch. 17, par. 1554-1
205 ILCS 620/4-2from Ch. 17, par. 1554-2
205 ILCS 620/4-5from Ch. 17, par. 1554-5
205 ILCS 620/5-1from Ch. 17, par. 1555-1
815 ILCS 505/2HHHH new
Replaces everything after the enacting clause. Creates the Digital Assets and Consumer Protection 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.
Actions
| Date | Chamber | Action |
|---|---|---|
| 12/17/2024 | House | Prefiled with Clerk by Rep. Emanuel "Chris" Welch |
| 01/09/2025 | House | First Reading |
| 01/09/2025 | House | Referred to Rules Committee |
| 03/04/2025 | House | Assigned to Executive Committee |
| 03/12/2025 | House | Do Pass / Short Debate Executive Committee; 012-000-000 |
| 03/12/2025 | House | Placed on Calendar 2nd Reading - Short Debate |
| 03/20/2025 | House | House Floor Amendment No. 1 Filed with Clerk by Rep. Edgar González, Jr. |
| 03/20/2025 | House | House Floor Amendment No. 1 Referred to Rules Committee |
| 03/25/2025 | House | House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee |
| 03/25/2025 | House | Chief Sponsor Changed to Rep. Edgar González, Jr. |
| 03/26/2025 | House | Second Reading - Short Debate |
| 03/26/2025 | House | Held on Calendar Order of Second Reading - Short Debate |
| 04/07/2025 | House | House Floor Amendment No. 2 Filed with Clerk by Rep. Edgar González, Jr. |
| 04/07/2025 | House | House Floor Amendment No. 2 Referred to Rules Committee |
| 04/07/2025 | House | House Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee |
| 04/08/2025 | House | House Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000 |
| 04/10/2025 | House | House Floor Amendment No. 2 Adopted |
| 04/10/2025 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 04/10/2025 | House | Chair Rules placed on Standard Debate |
| 04/10/2025 | House | Third Reading - Short Debate - Passed 074-037-001 |
| 04/10/2025 | House | House Floor Amendment No. 1 Tabled |
| 04/10/2025 | House | Motion Filed to Reconsider Vote Rep. John M. Cabello |
| 04/10/2025 | House | Added Co-Sponsor Rep. Amy Briel |
| 04/10/2025 | House | Motion to Reconsider Vote - Lost 038-073-000 |
| 04/10/2025 | House | Added Co-Sponsor Rep. Hoan Huynh |
| 04/14/2025 | Senate | Arrive in Senate |
| 04/14/2025 | Senate | Placed on Calendar Order of First Reading |
| 04/14/2025 | Senate | Chief Senate Sponsor Sen. Don Harmon |
| 04/14/2025 | Senate | First Reading |
| 04/14/2025 | Senate | Referred to Assignments |