Bill Text: IL HB1275 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Savings Bank Act. Makes a technical change in a Section concerning registration of savings bank holding companies.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB1275 Detail]

Download: Illinois-2017-HB1275-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB1275 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
205 ILCS 205/2002 from Ch. 17, par. 7302-2
Amends the Savings Bank Act. Makes a technical change in a Section concerning registration of savings bank holding companies.
LRB100 03008 SMS 13013 b
A BILL FOR
HB1275 LRB100 03008 SMS 13013 b
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Savings Bank Act is amended by changing
Section 2002 as follows:
(205 ILCS 205/2002) (from Ch. 17, par. 7302-2)
Sec. 2002. Each savings bank holding company and and each
subsidiary thereof shall register with the Commissioner within
180 days after the effective date of this Act or within 90 days
after becoming a savings bank holding company, whichever is
later. Each savings bank holding company and each subsidiary
thereof shall register on those forms as may be prescribed by
the Commissioner which shall include information with respect
to the financial conditions, ownership, management, and
intercompany relations of the holding company and its
subsidiaries and related matters as the Commissioner may deem
necessary or appropriate to carry out the purposes of this Act.
(Source: P.A. 86-1213.)