REGULATORY SANDBOX ACT Senate SponsorsSen. Dan McConchie and Chuck Weaver 1/9/2019SenateSession Sine Die New Act30 ILCS 105/6z-26Creates the Regulatory Sandbox Act. Creates the regulatory sandbox to enable persons to obtain limited access to the Illinois marketplace in order to test innovations in financial products or services. Provides requirements for approval to enter the regulatory sandbox, the application fee, and approval or denial time. Provides requirements for operating an innovation in the regulatory sandbox and extending a test period. Contains provisions regarding rules and judicial review of the administration of this Act. Makes conforming changes in the State Finance Act. Effective January 1, 2019. 2/15/2018SenateFiled with Secretary by Sen. Dan McConchie 2/15/2018SenateFirst Reading 2/15/2018SenateReferred to Assignments 2/27/2018SenateAssigned to Licensed Activities and Pensions 3/13/2018SenateAdded as Co-Sponsor Sen. Chuck Weaver 4/6/2018SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Dan McConchie 4/6/2018SenateSenate Committee Amendment No. 1 Referred to Assignments 4/10/2018SenateSenate Committee Amendment No. 1 Assignments Refers to Licensed Activities and Pensions 4/12/2018SenateSenate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions 4/12/2018SenatePostponed - Licensed Activities and Pensions 4/13/2018SenateRule 2-10 Committee Deadline Established As April 27, 2018 4/18/2018SenateSenate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions 4/19/2018SenatePostponed - Licensed Activities and Pensions 4/24/2018SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Dan McConchie 4/24/2018SenateSenate Committee Amendment No. 2 Referred to Assignments 4/24/2018SenateSenate Committee Amendment No. 2 Assignments Refers to Licensed Activities and Pensions 4/25/2018SenateSenate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions 4/25/2018SenateSenate Committee Amendment No. 2 Postponed - Licensed Activities and Pensions 4/25/2018SenatePostponed - Licensed Activities and Pensions 4/27/2018SenateRule 2-10 Committee/3rd Reading Deadline Established As May 3, 2018 5/3/2018SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments 5/3/2018SenateSenate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments 5/3/2018SenateRule 3-9(a) / Re-referred to Assignments 1/9/2019SenateSession Sine Die