# Illinois HB3553: MISLEADING PRACTICES PENALTY

Illinois HB3553, MISLEADING PRACTICES PENALTY, is a 104th General Assembly (2025–2026) House bill sponsored by Margaret Croke (Democratic); status in committee, last action 2025-04-11 (Rule 19(a) / Re-referred to Rules Committee) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-HB3553-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois HB3553
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: MISLEADING PRACTICES PENALTY
- Status: in committee
- Chamber: House
- Introduced: 2025-02-07
- Last action: 2025-04-11, Rule 19(a) / Re-referred to Rules Committee
- Sponsor: Margaret Croke (Democratic)
- Cosponsors: 1
- Subjects: financial institutions and licensing
- Touches household money: no
- Roll calls: 1 (8 yes, 4 no in all)
- Economic provisions PRIA read: 0

## 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.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Margaret Croke (Democratic), House
- Cosponsor: Camille Y. Lilly (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-03-18 | House | Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; | pass | 8 | 4 |   |

## Actions (14)

- 2025-04-11: Rule 19(a) / Re-referred to Rules Committee (House)
- 2025-04-08: Added Co-Sponsor Rep. Camille Y. Lilly (House)
- 2025-03-26: Held on Calendar Order of Second Reading - Short Debate (House)
- 2025-03-26: Second Reading - Short Debate (House)
- 2025-03-19: Placed on Calendar 2nd Reading - Short Debate (House)
- 2025-03-18: Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 008-004-000 (House)
- 2025-03-18: House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote (House)
- 2025-03-12: House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee (House)
- 2025-03-11: House Committee Amendment No. 1 Referred to Rules Committee (House)
- 2025-03-11: House Committee Amendment No. 1 Filed with Clerk by Rep. Margaret Croke (House)
- 2025-03-11: Assigned to Financial Institutions and Licensing Committee (House)
- 2025-02-18: Referred to Rules Committee (House)
- 2025-02-18: First Reading (House)
- 2025-02-07: Filed with the Clerk by Rep. Margaret Croke (House)

## Bill text

- House Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3553ham001.pdf)
- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3553.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [House Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3553ham001.pdf)
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3553.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-HB3553-2025-2026 (as of 2026-11-01).