IllinoisHB4533104th General Assembly (2025–2026)HouseWALLET

MONEY TRANSMITTER DREAM DONATE

Sponsored By: Sponsor information unavailable

Became Law

Summary

Amends the Uniform Money Transmission Modernization Act. Provides that licensees may offer every customer who transmits money internationally the option to make a voluntary donation to the Illinois DREAM Fund, as specified. Requires the Department of Financial and Professional Regulation to provide to licensees under the Act electronic copies of all marketing materials created by the Illinois DREAM Fund Commission for licensees.

financial institutions and licensingassignmentsexecutive

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 0 costs, 2 mixed.

Choose to donate on international transfers

If you send money abroad through a licensed transmitter, you can choose to donate to the Illinois DREAM Fund. Companies may show this option before you finish the transfer. Any donation you make must be at least $1 per transaction. The company cannot keep your donation. It may only subtract actual fees charged by third‑party payment processors.

Rules and materials for money transmitters

The Department gives licensed money transmitters electronic marketing materials from the Illinois DREAM Fund Commission. The Department can also write rules for how companies offer the donation option, what amounts to show, and how and when to receive and send donations to the Fund.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

  • Dagmara Avelar

    Affiliation unavailable

  • Elizabeth "Lisa" Hernandez

    Affiliation unavailable

  • Karina Villa

    Affiliation unavailable

  • Lilian Jiménez

    Affiliation unavailable

  • Marcus C. Evans, Jr.

    Affiliation unavailable

  • Maura Hirschauer

    Affiliation unavailable

Roll Call Votes

All Roll Calls

Yes: 127 • No: 64

Senate vote 5/20/2026

Third Reading - Passed;

Yes: 39 • No: 19

Senate vote 5/6/2026

Do Pass Executive;

Yes: 8 • No: 3

House vote 4/14/2026

Third Reading - Standard Debate - Passed

Yes: 73 • No: 38

House vote 2/24/2026

Do Pass / Short Debate Financial Institutions and Licensing Committee;

Yes: 7 • No: 4

Actions Timeline

  1. Public Act . . . . . . . . . 104-0495

    6/26/2026House
  2. Effective Date January 1, 2027

    6/26/2026House
  3. Governor Approved

    6/26/2026House
  4. Sent to the Governor

    6/18/2026House
  5. Passed Both Houses

    5/20/2026House
  6. Third Reading - Passed; 039-019-000

    5/20/2026Senate
  7. Placed on Calendar Order of 3rd Reading May 18, 2026

    5/14/2026Senate
  8. Second Reading

    5/14/2026Senate
  9. Placed on Calendar Order of 2nd Reading May 7, 2026

    5/6/2026Senate
  10. Do Pass Executive; 008-003-000

    5/6/2026Senate
  11. Alternate Chief Sponsor Changed to Sen. Karina Villa

    4/28/2026Senate
  12. Assigned to Executive

    4/28/2026Senate
  13. Referred to Assignments

    4/15/2026Senate
  14. First Reading

    4/15/2026Senate
  15. Chief Senate Sponsor Sen. David Koehler

    4/15/2026Senate
  16. Placed on Calendar Order of First Reading

    4/15/2026Senate
  17. Arrive in Senate

    4/15/2026Senate
  18. Added Co-Sponsor Rep. Dagmara Avelar

    4/14/2026House
  19. Added Co-Sponsor Rep. Lilian Jiménez

    4/14/2026House
  20. Added Co-Sponsor Rep. Marcus C. Evans, Jr.

    4/14/2026House
  21. Added Co-Sponsor Rep. Maura Hirschauer

    4/14/2026House
  22. Third Reading - Standard Debate - Passed 073-038-000

    4/14/2026House
  23. Placed on Calendar Order of 3rd Reading - Standard Debate

    4/14/2026House
  24. Chair Rules Standard Debate

    4/14/2026House
  25. Placed on Calendar Order of 3rd Reading - Short Debate

    4/14/2026House

Bill Text

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