IllinoisHB3553104th General Assembly (2025–2026)House

MISLEADING PRACTICES PENALTY

Sponsored By: Margaret Croke (Democratic)

In Committee

Summary

Amends the Illinois Banking Act. In provisions concerning the penalty for misleading practices and names, changes the civil penalty that may be imposed to the maximum amount otherwise permitted under specified provisions, $100,000 for each violation (rather than $10,000 for each violation). Provides that the remedies provided in those provisions are in addition to, not to the exclusion of, any other remedies available under the law. Defines terms. Makes other changes.

financial institutions and licensing

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Margaret Croke

    Democratic • House

Cosponsors

  • Camille Y. Lilly

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 8 • No: 4

House vote • 3/18/2025

Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee;

Yes: 8 • No: 4

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    4/11/2025House
  2. Added Co-Sponsor Rep. Camille Y. Lilly

    4/8/2025House
  3. Held on Calendar Order of Second Reading - Short Debate

    3/26/2025House
  4. Second Reading - Short Debate

    3/26/2025House
  5. Placed on Calendar 2nd Reading - Short Debate

    3/19/2025House
  6. Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 008-004-000

    3/18/2025House
  7. House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote

    3/18/2025House
  8. House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee

    3/12/2025House
  9. House Committee Amendment No. 1 Referred to Rules Committee

    3/11/2025House
  10. House Committee Amendment No. 1 Filed with Clerk by Rep. Margaret Croke

    3/11/2025House
  11. Assigned to Financial Institutions and Licensing Committee

    3/11/2025House
  12. Referred to Rules Committee

    2/18/2025House
  13. First Reading

    2/18/2025House
  14. Filed with the Clerk by Rep. Margaret Croke

    2/7/2025House

Bill Text

  • House Amendment 1

  • Introduced

Related Bills

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