Illinois House Bill 2043

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on July 28 2023 - 100% progression
Action: 2023-07-28 - Public Act . . . . . . . . . 103-0289
Text: Latest bill text (Chaptered) [HTML]

Reinserts the provisions of the introduced bill with the following changes. Provides that any members, partners, or shareholders who are ineligible for membership in the credit union shall not become eligible by virtue of the eligibility of the entity in which they hold an ownership interest. Provides that a credit union that has appointed a registered agent shall post on its website the name of its registered agent, the address of its principal place of business, and that the appointment was authorized by action of the board of directors. Provides that a registered agent may resign at any time by submitting written notice to the credit union at its principal place of business (rather than by submitting written notice to the Department). Provides that meetings, minutes of meetings, and reports of the board of directors shall be subject to the confidentiality and redaction standards set forth in the provisions. Removes language providing that the Department of Financial and Professional Regulation shall maintain a registry of credit unions that have appointed a registered agent. Removes provisions concerning privileged information. Removes provisions concerning investment of funds. Effective immediately.

FINANCE-CREDIT UNION/VARIOUS

Rep. Jay Hoffman [D]	Rep. Camille Lilly [D]	Sen. David Koehler [D]	Sen. Erica Harriss [R]
Sen. Terri Bryant [R]	Sen. Sally Turner [R]

2023-05-18 - House - Concurrence in House (Y: 112 N: 1 NV: 1 Abs: 0) [PASS]
2023-05-10 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]
2023-03-23 - House - Third Reading in House (Y: 108 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2023-07-28	House	Public Act . . . . . . . . . 103-0289
2023-07-28	House	Effective Date July 28, 2023
2023-07-28	House	Governor Approved
2023-06-16	House	Sent to the Governor
2023-05-18	House	Passed Both Houses
2023-05-18	House	House Concurs
2023-05-18	House	Senate Committee Amendment No. 1 House Concurs 112-001-000
2023-05-15	House	Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 005-000-000
2023-05-10	House	Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
2023-05-10	House	Senate Committee Amendment No. 1 Motion Filed Concur Rep. Jay Hoffman
2023-05-10	House	Placed on Calendar Order of Concurrence Senate Amendment(s) 1
2023-05-10	House	Arrived in House
2023-05-10	Senate	Added as Alternate Co-Sponsor Sen. Sally J. Turner
2023-05-10	Senate	Added as Alternate Co-Sponsor Sen. Terri Bryant
2023-05-10	Senate	Added as Alternate Co-Sponsor Sen. Erica Harriss
2023-05-10	Senate	Third Reading - Passed; 056-000-000
2023-04-27	Senate	Placed on Calendar Order of 3rd Reading May 2, 2023
2023-04-27	Senate	Second Reading
2023-04-26	Senate	Placed on Calendar Order of 2nd Reading April 27, 2023
2023-04-26	Senate	Do Pass as Amended Financial Institutions; 008-000-000
2023-04-25	Senate	Senate Committee Amendment No. 1 Adopted; Financial Institutions
2023-04-25	Senate	Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
2023-04-18	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2023-04-18	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. David Koehler
2023-04-18	Senate	Assigned to Financial Institutions
2023-03-27	Senate	Referred to Assignments
2023-03-27	Senate	First Reading
2023-03-27	Senate	Chief Senate Sponsor Sen. David Koehler
2023-03-27	Senate	Placed on Calendar Order of First Reading
2023-03-27	Senate	Arrive in Senate
2023-03-23	House	Added Chief Co-Sponsor Rep. Camille Y. Lilly
2023-03-23	House	Third Reading - Short Debate - Passed 108-000-000
2023-03-22	House	Placed on Calendar Order of 3rd Reading - Short Debate
2023-03-22	House	Second Reading - Short Debate
2023-03-08	House	Placed on Calendar 2nd Reading - Short Debate
2023-03-07	House	Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 012-000-000
2023-03-07	House	House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote
2023-03-07	House	House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
2023-03-03	House	House Committee Amendment No. 1 Referred to Rules Committee
2023-03-03	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Jay Hoffman
2023-02-15	House	Assigned to Financial Institutions and Licensing Committee
2023-02-07	House	Referred to Rules Committee
2023-02-07	House	First Reading
2023-02-01	House	Filed with the Clerk by Rep. Jay Hoffman

Chapter	Article	Section	Citation Type	Statute Text
205	305	16	Amended Code	Citation Text
205	305	20	Amended Code	Citation Text
205	305	29	Amended Code	Citation Text
205	305	48	Amended Code	Citation Text
205	305	59	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2043&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB2043.htm
Text	https://www.ilga.gov/legislation/103/HB/10300HB2043eng.htm
Text	https://www.ilga.gov/legislation/103/HB/10300HB2043enr.htm
Text	https://www.ilga.gov/legislation/publicacts/103/103-0289.htm
Amendment	https://www.ilga.gov/legislation/103/HB/10300HB2043ham001.htm
Amendment	https://www.ilga.gov/legislation/103/HB/10300HB2043sam001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/103/house/10300HB2043_03232023_108000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/103/senate/10300HB2043_05102023_016000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/103/house/10300HB2043sam001_05182023_016000C.pdf