# Illinois SB2318: MISLEADING PRACTICES PENALTY

Illinois SB2318, MISLEADING PRACTICES PENALTY, is a 104th General Assembly (2025–2026) Senate bill sponsored by Laura Ellman (Democratic); status signed, last action 2025-08-01 (Public Act . . . . . . . . . 104-0144) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB2318-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB2318
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: MISLEADING PRACTICES PENALTY
- Status: signed
- Chamber: Senate
- Introduced: 2025-02-07
- Last action: 2025-08-01, Public Act . . . . . . . . . 104-0144
- Sponsor: Laura Ellman (Democratic)
- Cosponsors: 8
- Subjects: assignments, financial institutions, financial institutions and licensing
- Touches household money: no
- Roll calls: 5 (197 yes, 0 no in all)
- Economic provisions PRIA read: 3

## 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: provisions PRIA read

- Stop misleading ads using bank names: benefit, medium. Marketers and solicitors cannot use a bank’s name without that bank’s consent, unless another law clearly allows it. Using a similar name in a way that could make a reasonable person think the bank sent or endorsed it is also banned. Banks can report suspected violations to the Commissioner. If a v…
- Stronger penalties for fake banks: benefit, medium. Non-banks cannot act or advertise in ways that make people think they are a bank, or use “bank,” “banker,” or “banking.” Violations are a Class A misdemeanor. The Attorney General or a State’s Attorney can ask a court to stop the conduct. The Commissioner can order the conduct to stop and fine up t…
- When non-banks can use 'bank': mixed, low. A non-bank can apply to the Commissioner for permission to use the words “bank,” “banker,” or “banking.” Permission is granted only if the use is not likely to mislead the public. The Commissioner can set conditions on the permission to prevent confusion.

## Sponsors and cosponsors

- Sponsor: Laura Ellman (Democratic), Senate
- Cosponsor: Anthony DeLuca (Democratic), House
- Cosponsor: Chris Balkema (Republican), Senate
- Cosponsor: Christopher "C.D." Davidsmeyer (Republican), House
- Cosponsor: Daniel J. Ugaste (Republican), House
- Cosponsor: Eva-Dina Delgado (Democratic), House
- Cosponsor: Jawaharial Williams (Democratic), House
- Cosponsor: Margaret Croke (Democratic), House
- Cosponsor: Mark L. Walker (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-05-22 | House | Third Reading - Short Debate - Passed | pass | 114 | 0 |   |
| 2025-04-29 | House | Do Pass / Short Debate Financial Institutions and Licensing Committee; | pass | 12 | 0 |   |
| 2025-04-10 | Senate | Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; | pass | 8 | 0 |   |
| 2025-04-10 | Senate | Third Reading - Passed; | pass | 55 | 0 |   |
| 2025-03-19 | Senate | Do Pass as Amended Financial Institutions; | pass | 8 | 0 |   |

## Actions (42)

- 2025-08-01: Public Act . . . . . . . . . 104-0144 (Senate)
- 2025-08-01: Effective Date January 1, 2026 (Senate)
- 2025-08-01: Governor Approved (Senate)
- 2025-06-20: Sent to the Governor (Senate)
- 2025-05-28: Added as Co-Sponsor Sen. Chris Balkema (Senate)
- 2025-05-22: Passed Both Houses (Senate)
- 2025-05-22: Third Reading - Short Debate - Passed 114-000-000 (House)
- 2025-05-22: Added Alternate Co-Sponsor Rep. Anthony DeLuca (House)
- 2025-05-21: Added Alternate Chief Co-Sponsor Rep. Daniel J. Ugaste (House)
- 2025-05-21: Added Alternate Chief Co-Sponsor Rep. Eva-Dina Delgado (House)
- 2025-05-21: Added Alternate Chief Co-Sponsor Rep. Jawaharial Williams (House)
- 2025-05-21: Added Alternate Chief Co-Sponsor Rep. Christopher "C.D." Davidsmeyer (House)
- 2025-05-14: Placed on Calendar Order of 3rd Reading - Short Debate (House)
- 2025-05-14: Second Reading - Short Debate (House)
- 2025-04-30: Placed on Calendar 2nd Reading - Short Debate (House)
- 2025-04-29: Do Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000 (House)
- 2025-04-17: Assigned to Financial Institutions and Licensing Committee (House)
- 2025-04-11: Referred to Rules Committee (House)
- 2025-04-11: First Reading (House)
- 2025-04-10: Chief House Sponsor Rep. Margaret Croke (House)
- 2025-04-10: Arrived in House (House)
- 2025-04-10: Third Reading - Passed; 055-000-000 (Senate)
- 2025-04-10: Placed on Calendar Order of 3rd Reading (Senate)
- 2025-04-10: Senate Floor Amendment No. 2 Adopted; Ellman (Senate)
- 2025-04-10: Recalled to Second Reading (Senate)
- 2025-04-10: Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 008-000-000 (Senate)
- 2025-04-08: Senate Floor Amendment No. 2 Assignments Refers to Financial Institutions (Senate)
- 2025-04-03: Senate Floor Amendment No. 2 Referred to Assignments (Senate)
- 2025-04-03: Senate Floor Amendment No. 2 Filed with Secretary by Sen. Laura Ellman (Senate)
- 2025-03-20: Placed on Calendar Order of 3rd Reading April 1, 2025 (Senate)
- 2025-03-20: Second Reading (Senate)
- 2025-03-19: Placed on Calendar Order of 2nd Reading March 20, 2025 (Senate)
- 2025-03-19: Do Pass as Amended Financial Institutions; 008-000-000 (Senate)
- 2025-03-19: Senate Committee Amendment No. 1 Adopted (Senate)
- 2025-03-12: Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions (Senate)
- 2025-03-05: Added as Co-Sponsor Sen. Mark L. Walker (Senate)
- 2025-03-04: Senate Committee Amendment No. 1 Referred to Assignments (Senate)
- 2025-03-04: Senate Committee Amendment No. 1 Filed with Secretary by Sen. Laura Ellman (Senate)
- 2025-03-04: Assigned to Financial Institutions (Senate)
- 2025-02-07: Referred to Assignments (Senate)
- 2025-02-07: First Reading (Senate)
- 2025-02-07: Filed with Secretary by Sen. Laura Ellman (Senate)

## Bill text

- Engrossed: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2318eng.pdf)
- Enrolled: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2318enr.pdf)
- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2318.pdf)
- Senate Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2318sam001.pdf)
- Senate Amendment 2: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2318sam002.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
- [Engrossed (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2318eng.pdf)
- [Enrolled (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2318enr.pdf)
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2318.pdf)
- [Senate Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2318sam001.pdf)
- [Senate Amendment 2 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB2318sam002.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)
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- [Illinois state hub](https://policyrisk.com/states/illinois)
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Source: PRIA, https://policyrisk.com/state-bill/IL-SB2318-2025-2026 (as of 2026-11-01).