Date	Chamber	Action
8/21/2003	Senate	Public Act . . . . . . . . . 93-0580

Statutes Amended In Order of Appearance

815 ILCS 5/8

from Ch. 121 1/2, par. 137.8

815 ILCS 5/11

from Ch. 121 1/2, par. 137.11

815 ILCS 5/11b

from Ch. 121 1/2, par. 137.11b

815 ILCS 5/12

from Ch. 121 1/2, par. 137.12

815 ILCS 5/14

from Ch. 121 1/2, par. 137.14

Synopsis As Introduced
Amends the Illinois Securities Law of 1953. Authorizes the Secretary of State to appoint special agents and investigators to conduct investigations. Grants to those agents police power with respect to the enforcement of the Illinois Securities Law of 1953 and any other law administered by the Illinois Securities Department. Provides that registration under the Securities Law may be denied or revoked if the registrant has engaged in any unethical practice in connection with any security rather than the offer or sale of securities. Provides for the seizure and forfeiture of assets obtained in violation of the Securities Law. Effective immediately.

Senate Floor Amendment No. 1
Deletes provisions authorizing Securities Department investigators to exercise all the powers of peace officers.

	Fiscal Note (Office of the Secretary of the State)
	Fiscal impact of $5,500 on the State of Illinois. Badges for special agents $500. Additional training for existing personnel to become special agents $5,000. The funds would come from the Securities Audit and Enforcement Fund. There is no impact on the GRF.

Actions 

Date	Chamber	Action
2/20/2003	Senate	Filed with Secretary by Sen. Patrick Welch
2/20/2003	Senate	Chief Co-Sponsor Sen. Susan Garrett
2/20/2003	Senate	First Reading
2/20/2003	Senate	Referred to Rules
2/27/2003	Senate	Assigned to Executive
3/6/2003	Senate	Do Pass Executive; 012-000-000
3/6/2003	Senate	Placed on Calendar Order of 2nd Reading March 11, 2003
3/11/2003	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Patrick Welch
3/11/2003	Senate	Senate Floor Amendment No. 1 Referred to Rules
3/11/2003	Senate	Added as Co-Sponsor Sen. Barack Obama
3/18/2003	Senate	Senate Floor Amendment No. 1 Rules Refers to Executive
3/18/2003	Senate	Fiscal Note Requested by Sen. Peter J. Roskam
3/19/2003	Senate	Senate Floor Amendment No. 1 Be Adopted Executive; 012-000-000
3/20/2003	Senate	Fiscal Note Filed
3/21/2003	Senate	Second Reading
3/21/2003	Senate	Senate Floor Amendment No. 1 Adopted; Welch
3/21/2003	Senate	Placed on Calendar Order of 3rd Reading March 24, 2003
4/4/2003	Senate	Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
4/8/2003	Senate	Added as Chief Co-Sponsor Sen. Barack Obama
4/8/2003	Senate	Third Reading - Passed; 056-000-000
4/8/2003	House	Arrived in House
4/8/2003	House	Placed on Calendar Order of First Reading
4/10/2003	House	Chief House Sponsor Rep. Robert S. Molaro
4/10/2003	House	First Reading
4/10/2003	House	Referred to Rules Committee
4/14/2003	House	Assigned to State Government Administration Committee
5/1/2003	House	Motion Do Pass - Lost State Government Administration Committee; by Voice Vote
5/1/2003	House	Remains in State Government Administration Committee
5/2/2003	House	Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
5/28/2003	House	Do Pass / Short Debate State Government Administration Committee; 009-001-000
5/28/2003	House	Placed on Calendar 2nd Reading - Short Debate
5/28/2003	House	Second Reading - Short Debate
5/28/2003	House	Held on Calendar Order of Second Reading - Short Debate
5/28/2003	House	Added Alternate Chief Co-Sponsor Rep. Eddie Washington
5/29/2003	House	Second Reading - Short Debate
5/29/2003	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/30/2003	House	Third Reading - Short Debate - Passed 107-008-000
5/30/2003	Senate	Passed Both Houses
6/27/2003	Senate	Sent to the Governor
8/21/2003	Senate	Governor Approved
8/21/2003	Senate	Effective Date August 21, 2003
8/21/2003	Senate	Public Act . . . . . . . . . 93-0580

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