Bill Title: Amends the Finance Article of the Illinois Municipal Code. Revises the definition of "financial institution" to mean any bank, savings bank, savings and loan association, or credit union established under the laws of the United States, the State, or any other state; or any regional planning commissions or joint regional planning commissions union established under specified provisions (rather than any bank subject to the Illinois Banking Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, any federally chartered commercial bank or savings and loan association organized and operated in this State pursuant to the laws of the United States, and any regional planning commissions or joint regional planning commissions union). Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2018-08-14 - Public Act . . . . . . . . . 100-0854 [HB4541 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Lawrence Walsh [D]	Primary	Sponsored Bills	HD-086	FollowTheMoney	Ballotpedia	VoteSmart
Senator David Koehler [D]	Primary	Sponsored Bills	SD-046	FollowTheMoney	Ballotpedia	VoteSmart

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