All Roll Calls
Yes: 190 • No: 0
IllinoisHB4770104th General Assembly (2025–2026)House
CREDIT UNIONS-VARIOUS
Sponsored By: Jay Hoffman (Democratic)
Passed
Summary
Amends the Illinois Credit Union Act. Provides that the business office for a credit union's registered agent may, but is not required to, be (instead of shall be) the same as the principal place of business of the credit union. In provisions concerning meetings of directors, sets forth provisions concerning the preparation and approval of meeting minutes. Adds provisions concerning disclosure and due diligence requirements for credit unions when providing digital asset services or contracting with a covered person or digital asset service provider and provisions concerning sales of debt cancellation services and products by a credit union to its members. In provisions concerning the investment of funds not used in loans, provides that the funds may be invested in commercial mortgage related securities and collateralized mortgage obligations to aid in the credit union's management of its assets, liabilities, and liquidity. Effective immediately.
financial institutions and licensingassignments
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Jay Hoffman
Democratic • House
Cosponsors
David Koehler
Democratic • Senate
Roll Call Votes
Senate vote • 5/14/2026
Third Reading - Passed;
Yes: 58 • No: 0
House vote • 4/14/2026
Third Reading - Short Debate - Passed
Yes: 109 • No: 0
House vote • 4/8/2026
House Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee;
Yes: 11 • No: 0
House vote • 3/24/2026
Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee;
Yes: 12 • No: 0
Actions Timeline
Passed Both Houses
5/14/2026HouseThird Reading - Passed; 058-000-000
5/14/2026SenatePlaced on Calendar Order of 3rd Reading May 5, 2026
4/30/2026SenateSecond Reading
4/30/2026SenatePlaced on Calendar Order of 2nd Reading April 29, 2026
4/28/2026SenateApproved for Consideration Assignments
4/28/2026SenateReferred to Assignments
4/21/2026SenateFirst Reading
4/21/2026SenateChief Senate Sponsor Sen. David Koehler
4/21/2026SenatePlaced on Calendar Order of First Reading April 16, 2026
4/15/2026SenateArrive in Senate
4/15/2026SenateThird Reading - Short Debate - Passed 109-000-000
4/14/2026HousePlaced on Calendar Order of 3rd Reading - Short Debate
4/14/2026HouseHouse Floor Amendment No. 2 Adopted
4/14/2026HouseHeld on Calendar Order of Second Reading - Short Debate
4/10/2026HouseSecond Reading - Short Debate
4/10/2026HouseHouse Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee; 011-000-000
4/8/2026HouseHouse Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee
4/7/2026HouseHouse Floor Amendment No. 2 Referred to Rules Committee
3/26/2026HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Jay Hoffman
3/26/2026HousePlaced on Calendar 2nd Reading - Short Debate
3/25/2026HouseDo Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 012-000-000
3/24/2026HouseHouse Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote
3/24/2026HouseHouse Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
3/20/2026HouseHouse Committee Amendment No. 1 Referred to Rules Committee
3/18/2026House
Bill Text
Engrossed
Enrolled
House Amendment 1
House Amendment 2
Introduced
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