IllinoisHB5384104th General Assembly (2025–2026)House

FINANCIAL REG-FEES-INVESTIGATE

Sponsored By: Margaret Croke (Democratic)

Passed

Summary

Amends the Currency Exchange Act. Removes provisions requiring the Secretary of Financial and Professional Regulation to investigate a currency exchange business at least once in each year and to review and report on the cost of operation of the Currency Exchange Section. Establishes fee-setting provisions for the administration of the Act. Amends the Sales Finance Agency Act, the Consumer Installment Loan Act, and the Safety Deposit License Act. Makes changes to the authority of the Secretary and the Director of the Division of Financial Institutions to examine and investigate a business to determine if it is in compliance with those Acts. Establishes fee-setting provisions for the administration of those Acts. Amends the Debt Management Service Act, the Debt Settlement Consumer Protection Act, and the Payday Loan Reform Act. Establishes fee-setting provisions for the administration of those Acts. Makes other changes. Effective immediately.

financial institutions and licensingassignments

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Margaret Croke

    Democratic • House

Cosponsors

  • Mark L. Walker

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 123 • No: 62

Senate vote 5/14/2026

Third Reading - Passed;

Yes: 38 • No: 19

House vote 4/9/2026

Third Reading - Short Debate - Passed

Yes: 70 • No: 36

House vote 3/24/2026

House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee;

Yes: 8 • No: 4

House vote 3/18/2026

Do Pass / Short Debate Financial Institutions and Licensing Committee;

Yes: 7 • No: 3

Actions Timeline

  1. Passed Both Houses

    5/14/2026House
  2. Third Reading - Passed; 038-019-000

    5/14/2026Senate
  3. Placed on Calendar Order of 3rd Reading May 5, 2026

    4/30/2026Senate
  4. Second Reading

    4/30/2026Senate
  5. Placed on Calendar Order of 2nd Reading April 28, 2026

    4/22/2026Senate
  6. Approved for Consideration Assignments

    4/22/2026Senate
  7. Referred to Assignments

    4/16/2026Senate
  8. First Reading

    4/16/2026Senate
  9. Chief Senate Sponsor Sen. Mark L. Walker

    4/16/2026Senate
  10. Placed on Calendar Order of First Reading April 14, 2026

    4/10/2026Senate
  11. Arrive in Senate

    4/10/2026Senate
  12. Third Reading - Short Debate - Passed 070-036-000

    4/9/2026House
  13. Placed on Calendar Order of 3rd Reading - Short Debate

    4/7/2026House
  14. Second Reading - Short Debate

    4/7/2026House
  15. House Floor Amendment No. 1 Adopted

    4/7/2026House
  16. House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000

    3/24/2026House
  17. House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee

    3/24/2026House
  18. House Floor Amendment No. 1 Referred to Rules Committee

    3/23/2026House
  19. House Floor Amendment No. 1 Filed with Clerk by Rep. Margaret Croke

    3/23/2026House
  20. Placed on Calendar 2nd Reading - Short Debate

    3/19/2026House
  21. Do Pass / Short Debate Financial Institutions and Licensing Committee; 007-003-000

    3/18/2026House
  22. Assigned to Financial Institutions and Licensing Committee

    2/24/2026House
  23. Referred to Rules Committee

    2/10/2026House
  24. First Reading

    2/10/2026House
  25. Filed with the Clerk by Rep. Margaret Croke

    2/6/2026House

Bill Text

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