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| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB5283 Introduced , by Rep. Michael J. Madigan SYNOPSIS AS INTRODUCED:
| | 205 ILCS 685/3 | from Ch. 17, par. 7353 |
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Amends the Currency Reporting Act. Makes a technical change in a Section concerning
definitions.
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| | A BILL FOR |
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| | HB5283 | | LRB099 17403 SMS 41761 b |
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| 1 | | AN ACT concerning regulation.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Currency Reporting Act is amended by |
| 5 | | changing Section 3 as follows:
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| 6 | | (205 ILCS 685/3) (from Ch. 17, par. 7353)
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| 7 | | Sec. 3. As used in this Act, the term:
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| 8 | | (a) "Currency" means currency and
and coin of the United |
| 9 | | States; |
| 10 | | (b) "Department" means the Department of State Police;
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| 11 | | (c) "Director" means Director of State Police;
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| 12 | | (d) "Financial Institution" means any:
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| 13 | | (1) National or state bank or banking association;
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| 14 | | (2) Agency or branch of a foreign bank, or |
| 15 | | international bank;
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| 16 | | (3) Industrial savings bank;
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| 17 | | (4) Trust company;
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| 18 | | (5) Federal or state savings and loan association;
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| 19 | | (6) Federal or state credit union;
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| 20 | | (7) Community or ambulatory currency exchange;
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| 21 | | (8) Issuer, redeemer, or cashier of travelers' checks, |
| 22 | | money orders, or
similar instruments;
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| 23 | | (9) Operator of a credit card system;
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