<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 2885         </title>
<shortdesc>STATE BANK-BOARD</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. William E. Brady</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Natalie A. Manley)</altsponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>205 ILCS 5/16</reference><aliasreference>from Ch. 17, par. 323</aliasreference><reference>205 ILCS 5/35</reference><aliasreference>from Ch. 17, par. 343</aliasreference><reference>205 ILCS 5/80.5 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Illinois Banking Act. Provides that a State bank that has been in existence for 10 years or more and has less than $50,000,000 (rather than $20,000,000) in assets may have a minimum of 3 directors. Extends the exemptions from loan and investment limits described in specified provisions of this Act to any department, bureau, board, commission, or establishment of the United States, including any corporation wholly owned by the United States. Provides that the Secretary shall provide information relating to the prior fiscal year upon the request of the State Banking Board.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2018</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Chris Nybo</action>
<statusdate>2/14/2018</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/14/2018</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/21/2018</statusdate><chamber>Senate</chamber><action>Assigned to Financial Institutions</action>
<statusdate>4/11/2018</statusdate><chamber>Senate</chamber><action>Do Pass Financial Institutions;  008-000-000</action>
<statusdate>4/11/2018</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading April 12, 2018</action>
<statusdate>4/18/2018</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/18/2018</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 19, 2018</action>
<statusdate>4/23/2018</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 045-000-000</action>
<statusdate>4/23/2018</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>5/9/2018</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Natalie A. Manley</action>
<statusdate>5/9/2018</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>5/9/2018</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>5/9/2018</statusdate><chamber>House</chamber><action>Assigned to Financial Institutions Committee</action>
<statusdate>5/18/2018</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>11/15/2018</statusdate><chamber>Senate</chamber><action>Chief Sponsor Changed to Sen. William E. Brady</action>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

