MONEY TRANSMITTER-SURETY BOND Senate SponsorsSen. Chapin Rose House Sponsors(Rep. David S. Olsen) 1/9/2019SenateSession Sine Die 205 ILCS 657/30Amends the Transmitters of Money Act. Provides that a money transmitter applicant or a money transmitter licensee shall post a bond in the amount of $50,000 or an amount equal to 1% of all Illinois-based activity, whichever is greater (rather than the greater of $100,000 or an amount equal to the daily average of outstanding payment instruments for the preceding 12 months or operational history). Effective immediately. 2/15/2018SenateFiled with Secretary by Sen. Chapin Rose 2/15/2018SenateFirst Reading 2/15/2018SenateReferred to Assignments 2/21/2018SenateAssigned to Licensed Activities and Pensions 3/1/2018SenateDo Pass Licensed Activities and Pensions; 010-000-000 3/1/2018SenatePlaced on Calendar Order of 2nd Reading March 13, 2018 4/10/2018SenateSecond Reading 4/10/2018SenatePlaced on Calendar Order of 3rd Reading April 11, 2018 4/18/2018SenateThird Reading - Passed; 057-000-000 4/18/2018HouseArrived in House 4/18/2018HouseChief House Sponsor Rep. David S. Olsen 4/19/2018HouseFirst Reading 4/19/2018HouseReferred to Rules Committee 1/9/2019SenateSession Sine Die