IllinoisHB3559104th General Assembly (2025–2026)House

REENTRY BANKING EMPOWERMENT

Sponsored By: Kevin John Olickal (Democratic)

In Committee

Summary

Creates the Reentry Financial Empowerment Act. Requires the Department of Financial and Professional Regulation to oversee the Illinois Reentry Account program to provide no-fee, federally insured debit accounts to reentering citizens who have been released from an Illinois correctional facility for fewer than 12 months. Requires accounts for reentering citizens to include no monthly maintenance fees, overdraft fees, or minimum balance requirements; access to a network of ATMs for cash withdrawals created in partnership with a financial administrator or financial administrators partnered with the state; a secure debit card for account access; and online and mobile banking options. Provides that the Department shall work with the Illinois Department of Corrections to ensure eligible reentering citizens are informed of the program upon release, and the Illinois Department of Corrections shall facilitate enrollment into the program. Requires the Department to contract with one or more financial institutions to administer accounts under the program and provides standards for the institutions. Establishes monitoring responsibilities for the Department and requires reporting of the program's progress to the General Assembly. Effective immediately.

financial institutions and licensing

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Kevin John Olickal

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

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

    3/27/2026House
  2. Assigned to Financial Institutions and Licensing Committee

    3/12/2026House
  3. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  4. Assigned to Financial Institutions and Licensing Committee

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

    2/18/2025House
  6. First Reading

    2/18/2025House
  7. Filed with the Clerk by Rep. Kevin John Olickal

    2/7/2025House

Bill Text

Related Bills

Back to State Legislation