CURRENCY EXCHANGE-BOND REQMNT Senate SponsorsSen. Dave Sullivan House Sponsors(Rep. Joseph M. Lyons) 8/10/2005SenatePublic Act . . . . . . . . . 94-0538 205 ILCS 405/6from Ch. 17, par. 4813Amends the Currency Exchange Act. Provides that a community currency exchange licensed under the Currency Exchange Act may meet the bonding requirements of the Act by submitting evidence satisfactory to the Secretary of Financial and Professional Regulation that the licensee is covered by a blanket bond that covers multiple licensees. Requires the blanket bond to: (i) insure the licensee against loss by theft, robbery, or forgery; (ii) be issued by a bonding company authorized to do business in this State; and (iii) be in the principal sum of an amount equal to the maximum amount required for any one licensee covered by the bond. 2/23/2005SenateFiled with Secretary by Sen. Dave Sullivan 2/23/2005SenateFirst Reading 2/23/2005SenateReferred to Rules 3/9/2005SenateAssigned to Financial Institutions 3/17/2005SenateDo Pass Financial Institutions; 008-000-000 3/17/2005SenatePlaced on Calendar Order of 2nd Reading April 6, 2005 4/7/2005SenateSecond Reading 4/7/2005SenatePlaced on Calendar Order of 3rd Reading April 8, 2005 4/8/2005SenateThird Reading - Passed; 057-000-000 4/8/2005HouseArrived in House 4/8/2005HousePlaced on Calendar Order of First Reading 4/8/2005HouseChief House Sponsor Rep. Joseph M. Lyons 4/8/2005HouseFirst Reading 4/8/2005HouseReferred to Rules Committee 4/20/2005HouseAssigned to Executive Committee 5/3/2005HouseRe-assigned to Financial Institutions Committee 5/10/2005HouseDo Pass / Short Debate Financial Institutions Committee; 023-000-000 5/11/2005HousePlaced on Calendar 2nd Reading - Short Debate 5/19/2005HouseSecond Reading - Short Debate 5/19/2005HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/20/2005HouseThird Reading - Short Debate - Passed 113-000-000 5/20/2005SenatePassed Both Houses 6/17/2005SenateSent to the Governor 8/10/2005SenateGovernor Approved 8/10/2005SenateEffective Date January 1, 2006 8/10/2005SenatePublic Act . . . . . . . . . 94-0538