IllinoisSB3903104th General Assembly (2025–2026)Senate

FINANCIAL REG-FEES-INVESTIGATE

Sponsored By: Mark L. Walker (Democratic)

In Committee

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.

assignmentsfinancial institutions

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Mark L. Walker

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 15 • No: 0

Senate vote • 3/25/2026

Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions;

Yes: 8 • No: 0

Senate vote • 3/4/2026

Do Pass Financial Institutions;

Yes: 7 • No: 0

Actions Timeline

  1. Rule 3-9(a) / Re-referred to Assignments

    4/17/2026Senate
  2. Placed on Calendar Order of 3rd Reading March 26, 2026

    3/25/2026Senate
  3. Senate Floor Amendment No. 1 Adopted; Walker

    3/25/2026Senate
  4. Second Reading

    3/25/2026Senate
  5. Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 008-000-000

    3/25/2026Senate
  6. Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions

    3/24/2026Senate
  7. Senate Floor Amendment No. 1 Referred to Assignments

    3/19/2026Senate
  8. Senate Floor Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker

    3/19/2026Senate
  9. Placed on Calendar Order of 2nd Reading March 5, 2026

    3/4/2026Senate
  10. Do Pass Financial Institutions; 007-000-000

    3/4/2026Senate
  11. Assigned to Financial Institutions

    2/24/2026Senate
  12. Referred to Assignments

    2/6/2026Senate
  13. First Reading

    2/6/2026Senate
  14. Filed with Secretary by Sen. Mark L. Walker

    2/6/2026Senate

Bill Text

  • Introduced

  • Senate Amendment 1

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