Bill Text: IL HB3668 | 2021-2022 | 102nd General Assembly | Introduced

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Bill Title: Amends the Illinois Banking Act and Savings Bank Act to provide that a bank or savings bank shall not charge overdraft fees on accounts during a public health emergency caused by the COVID-19 pandemic.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-03-27 - Rule 19(a) / Re-referred to Rules Committee [HB3668 Detail]

Download: Illinois-2021-HB3668-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 HB3668 Introduced , by Rep. Edgar Gonzalez, Jr. SYNOPSIS AS INTRODUCED:
205 ILCS 5/45.2 new
205 ILCS 205/7009 new
Amends the Illinois Banking Act and Savings Bank Act to provide that a bank or savings bank shall not charge overdraft fees on accounts during a public health emergency caused by the COVID-19 pandemic.
LRB102 14102 BMS 19454 b
A BILL FOR
HB3668 LRB102 14102 BMS 19454 b
AN ACT concerning regulation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Banking Act is amended by adding
Section 45.2 as follows:
(205 ILCS 5/45.2 new)
Sec. 45.2. Overdraft fees during the COVID-19 pandemic. A
bank shall not charge overdraft fees on accounts during a
public health emergency caused by the COVID-19 pandemic.
Section 10. The Savings Bank Act is amended by adding
Section 7009 as follows:
(205 ILCS 205/7009 new)
Sec. 7009. Overdraft fees during the COVID-19 pandemic. A
savings bank shall not charge overdraft fees on deposit
accounts during a public health emergency caused by the
COVID-19 pandemic.