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Legislation: batch B — IL IN KS KY LA MA MD ME MI MN

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---
type: "Bill"
title: "BANKING-CANNABIS BUSINESSES"
description: "Amends the Illinois Banking Act and the Illinois Credit Union Act. Provides that the Secretary of Financial and Professional Regulation shall not: issue an order against a financial institution for unsafe or unsound banking practices solely because the entity provides financial services to a cannabis-related legitimate business; prohibit, penalize, or otherwise discourage a financial institution from providing financial services to a cannabis-related legitimate business solely because the entity provides financial services to a cannabis-related legitimate business; recommend, incentivize, or encourage a financial institution not to offer financial services to an account holder or to downgrade or cancel the financial services offered to an account holder solely because the account holder is a manufacturer or producer or is the owner, operator, or employee of a cannabis-related legitimate business, the account holder later becomes an owner or operator of a cannabis-related legitimate business, or the financial institution was not aware that the account holder is the owner or operator of a cannabis-related legitimate business; and take any adverse or corrective supervisory action on a loan made to an owner or operator of a cannabis-related legitimate business solely because the owner or operator owns or operates a cannabis-related legitimate business or an owner or operator of real estate or equipment that is leased to a cannabis-related legitimate business solely because the owner or operator of the real estate or equipment leased the equipment or real estate to a cannabis-related legitimate business. Authorizes the Secretary to furnish confidential supervisory information relating to a financial institution providing financial services to cannabis-related businesses, limited to the name, contact information, and such other information as the Secretary determines is prudent, to the Illinois State Treasurer. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "101st"
identifier: "SB 2023"
citation: "Illinois SB 2023 (101st)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 101
vote_count: 4
first_action: "2019-02-15"
last_action: "2019-08-09"
source: "openstates"
source_identifier: "ocd-bill/c23e6a9a-d915-4727-9711-83cccdc986ca"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2023&GAID=15&DocTypeID=SB&LegId=119957&SessionID=108&GA=101"
source_hash: "399682fb6445b245feb2e26b24a12208358c6c8c7cd2dff1972cc129fc71326e"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---
# Illinois SB 2023 (101st) — BANKING-CANNABIS BUSINESSES
Amends the Illinois Banking Act and the Illinois Credit Union Act. Provides that the Secretary of Financial and Professional Regulation shall not: issue an order against a financial institution for unsafe or unsound banking practices solely because the entity provides financial services to a cannabis-related legitimate business; prohibit, penalize, or otherwise discourage a financial institution from providing financial services to a cannabis-related legitimate business solely because the entity provides financial services to a cannabis-related legitimate business; recommend, incentivize, or encourage a financial institution not to offer financial services to an account holder or to downgrade or cancel the financial services offered to an account holder solely because the account holder is a manufacturer or producer or is the owner, operator, or employee of a cannabis-related legitimate business, the account holder later becomes an owner or operator of a cannabis-related legitimate business, or the financial institution was not aware that the account holder is the owner or operator of a cannabis-related legitimate business; and take any adverse or corrective supervisory action on a loan made to an owner or operator of a cannabis-related legitimate business solely because the owner or operator owns or operates a cannabis-related legitimate business or an owner or operator of real estate or equipment that is leased to a cannabis-related legitimate business solely because the owner or operator of the real estate or equipment leased the equipment or real estate to a cannabis-related legitimate business. Authorizes the Secretary to furnish confidential supervisory information relating to a financial institution providing financial services to cannabis-related businesses, limited to the name, contact information, and such other information as the Secretary determines is prudent, to the Illinois State Treasurer. Effective immediately.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100SB2023&GA=101&SessionId=108&DocTypeId=SB&LegID=119957&DocNum=2023&GAID=15&SpecSess=&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100SB2023eng&GA=101&SessionId=108&DocTypeId=SB&LegID=119957&DocNum=2023&GAID=15&SpecSess=&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100SB2023enr&GA=101&SessionId=108&DocTypeId=SB&LegID=119957&DocNum=2023&GAID=15&SpecSess=&Session=&print=true)
## Votes
- Concurrence, Amendment 1 — **52–2** (pass) · upper
- Concurrence, Amendment 2 — **52–2** (pass) · upper
- Third Reading — **50–0** (pass) · upper
- Third Reading — **98–3** (pass) · lower
## Sponsors
- Ann Gillespie — cosponsor (person)
- Ann M. Williams — cosponsor (person)
- Antonio Muñoz — cosponsor (person)
- Barbara Hernandez — cosponsor (person)
- Bob Morgan — primary (person)
- Camille Y. Lilly — cosponsor (person)
- Christopher Belt — cosponsor (person)
- Cristina Castro — cosponsor (person)
- David A. Welter — cosponsor (person)
- Deb Conroy — cosponsor (person)
- Don Harmon — cosponsor (person)
- Frances Ann Hurley — cosponsor (person)
- Jason A. Barickman — cosponsor (person)
- Jeff Keicher — cosponsor (person)
- Jehan Gordon-Booth — cosponsor (person)
- Jim Durkin — cosponsor (person)
- John Connor — cosponsor (person)
- Jonathan Carroll — cosponsor (person)
- Justin Slaughter — cosponsor (person)
- Katie Stuart — cosponsor (person)
- Kelly M. Cassidy — cosponsor (person)
- Lamont J. Robinson, Jr. — cosponsor (person)
- Laura Fine — primary (person)
- Laura M. Murphy — cosponsor (person)
- Linda Holmes — cosponsor (person)
- Mattie Hunter — cosponsor (person)
- Michael Halpin — cosponsor (person)
- Monica Bristow — cosponsor (person)
- Natalie A. Manley — cosponsor (person)
- Neil Anderson — cosponsor (person)
- Norine K. Hammond — cosponsor (person)
- Rachelle Crowe — cosponsor (person)
- Ram Villivalam — cosponsor (person)
- Robert Martwick — cosponsor (person)
- Robert Peters — cosponsor (person)
- Sam Yingling — cosponsor (person)
- Sonya M. Harper — cosponsor (person)
- Tim Butler — cosponsor (person)
- Toi W. Hutchinson — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2019-02-15** Filed with Secretary by Sen. Heather A. Steans `filing`
- **2019-02-15** First Reading `reading-1`
- **2019-02-15** Referred to Assignments `referral-committee`
- **2019-02-27** Assigned to Financial Institutions `referral-committee`
- **2019-03-05** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Heather A. Steans `amendment-introduction`
- **2019-03-05** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
- **2019-03-06** Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
- **2019-03-11** Chief Sponsor Changed to Sen. Toi W. Hutchinson
- **2019-03-20** Senate Committee Amendment No. 1 Adopted `amendment-passage`
- **2019-03-20** Do Pass as Amended Financial Institutions; 007-000-000 `committee-passage`
- **2019-03-20** Placed on Calendar Order of 2nd Reading March 21, 2019
- **2019-03-26** Second Reading `reading-2`
- **2019-03-26** Placed on Calendar Order of 3rd Reading March 27, 2019
- **2019-04-04** Added as Chief Co-Sponsor Sen. Napoleon Harris, III
- **2019-04-04** Added as Co-Sponsor Sen. Mattie Hunter
- **2019-04-04** Third Reading - Passed; 050-000-000 `reading-3, passage`
- **2019-04-04** Arrived in House `introduction`
- **2019-04-04** Chief House Sponsor Rep. Kelly M. Cassidy
- **2019-04-04** First Reading `reading-1`
- **2019-04-04** Referred to Rules Committee `referral-committee`
- **2019-04-24** Assigned to Judiciary - Criminal Committee `referral-committee`
- **2019-05-07** Added Alternate Co-Sponsor Rep. Justin Slaughter
- **2019-05-07** Alternate Chief Sponsor Changed to Rep. Jehan Gordon-Booth
- **2019-05-10** Rule 19(a) / Re-referred to Rules Committee `referral-committee`
- **2019-05-28** Assigned to Judiciary - Criminal Committee `referral-committee`
- **2019-05-28** Final Action Deadline Extended-9(b) May 31, 2019
- **2019-05-28** Motion Filed to Suspend Rule 21 Judiciary - Criminal Committee; Rep. Kathleen Willis
- **2019-05-28** Motion to Suspend Rule 21 - Prevailed
- **2019-05-29** Do Pass / Short Debate Judiciary - Criminal Committee; 012-007-000 `committee-passage`
- **2019-05-29** Placed on Calendar 2nd Reading - Short Debate
- **2019-05-29** Second Reading - Short Debate `reading-2`
- **2019-05-29** Held on Calendar Order of Second Reading - Short Debate `reading-2`
- **2019-05-30** Alternate Chief Sponsor Changed to Rep. Bob Morgan
- **2019-05-31** House Floor Amendment No. 1 Filed with Clerk by Rep. Bob Morgan `amendment-introduction`
- **2019-05-31** House Floor Amendment No. 1 Referred to Rules Committee `referral-committee`
- **2019-05-31** Added Alternate Chief Co-Sponsor Rep. Kelly M. Cassidy
- **2019-05-31** Added Alternate Chief Co-Sponsor Rep. Jim Durkin
- **2019-05-31** Added Alternate Chief Co-Sponsor Rep. Jehan Gordon-Booth
- **2019-05-31** Added Alternate Co-Sponsor Rep. Katie Stuart
- **2019-05-31** Added Alternate Co-Sponsor Rep. Natalie A. Manley
- **2019-05-31** Added Alternate Co-Sponsor Rep. Ann M. Williams
- **2019-05-31** Added Alternate Co-Sponsor Rep. Deb Conroy
- **2019-05-31** Added Alternate Co-Sponsor Rep. Jeff Keicher
- **2019-05-31** Added Alternate Co-Sponsor Rep. Tim Butler
- **2019-05-31** Added Alternate Co-Sponsor Rep. Norine K. Hammond
- **2019-05-31** Chief Sponsor Changed to Sen. Laura Fine
- **2019-05-31** Added as Chief Co-Sponsor Sen. Don Harmon
- **2019-05-31** Added as Co-Sponsor Sen. Robert Peters
- **2019-05-31** Added as Co-Sponsor Sen. Ann Gillespie
- **2019-05-31** Added as Co-Sponsor Sen. Toi W. Hutchinson
- **2019-05-31** Added as Chief Co-Sponsor Sen. Linda Holmes
- **2019-05-31** Added as Co-Sponsor Sen. Antonio Muñoz
- **2019-05-31** Added as Co-Sponsor Sen. Laura M. Murphy
- **2019-05-31** House Floor Amendment No. 2 Filed with Clerk by Rep. Bob Morgan `amendment-introduction`
- **2019-05-31** House Floor Amendment No. 2 Referred to Rules Committee `referral-committee`
- **2019-05-31** Added as Co-Sponsor Sen. Rachelle Crowe
- **2019-05-31** Added as Co-Sponsor Sen. Christopher Belt
- **2019-05-31** Added as Co-Sponsor Sen. Jason A. Barickman
- **2019-05-31** Added as Co-Sponsor Sen. Neil Anderson
- **2019-05-31** Sponsor Removed Sen. Napoleon Harris, III
- **2019-05-31** Final Action Deadline Extended-9(b) June 30, 2019
- **2019-06-01** Added as Co-Sponsor Sen. Ram Villivalam
- **2019-06-01** House Floor Amendment No. 1 Rules Refers to Human Services Committee
- **2019-06-01** House Floor Amendment No. 2 Rules Refers to Human Services Committee
- **2019-06-01** Added Alternate Co-Sponsor Rep. Jonathan Carroll
- **2019-06-01** Added Alternate Co-Sponsor Rep. John Connor
- **2019-06-01** Added Alternate Co-Sponsor Rep. Michael Halpin
- **2019-06-01** Added Alternate Co-Sponsor Rep. Monica Bristow
- **2019-06-01** Added Alternate Co-Sponsor Rep. Frances Ann Hurley
- **2019-06-01** Added Alternate Co-Sponsor Rep. Barbara Hernandez
- **2019-06-01** Added Alternate Co-Sponsor Rep. Sam Yingling
- **2019-06-01** Added Alternate Co-Sponsor Rep. Robert Martwick
- **2019-06-01** Added Alternate Chief Co-Sponsor Rep. Sonya M. Harper
- **2019-06-01** House Floor Amendment No. 1 Recommends Be Adopted Human Services Committee; 012-001-000 `committee-passage-favorable`
- **2019-06-01** House Floor Amendment No. 2 Recommends Be Adopted Human Services Committee; 017-000-000 `committee-passage-favorable`
- **2019-06-01** House Floor Amendment No. 1 Adopted `amendment-passage`
- **2019-06-01** House Floor Amendment No. 2 Adopted `amendment-passage`
- **2019-06-01** Placed on Calendar Order of 3rd Reading - Short Debate
- **2019-06-01** 3/5 Vote Required
- **2019-06-01** Third Reading - Short Debate - Passed 098-003-001 `reading-3, passage`
- **2019-06-01** Added Alternate Co-Sponsor Rep. Camille Y. Lilly
- **2019-06-01** Added Alternate Co-Sponsor Rep. Lamont J. Robinson, Jr.
- **2019-06-01** Added Alternate Co-Sponsor Rep. David A. Welter
- **2019-06-02** Secretary's Desk - Concurrence House Amendment(s) 1, 2
- **2019-06-02** Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - June 2, 2019
- **2019-06-02** House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Laura Fine `filing`
- **2019-06-02** House Floor Amendment No. 1 Motion to Concur Referred to Assignments `referral-committee`
- **2019-06-02** House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Laura Fine `filing`
- **2019-06-02** House Floor Amendment No. 2 Motion to Concur Referred to Assignments `referral-committee`
- **2019-06-02** House Floor Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments
- **2019-06-02** House Floor Amendment No. 2 Motion to Concur Be Approved for Consideration Assignments
- **2019-06-02** Added as Chief Co-Sponsor Sen. Cristina Castro
- **2019-06-02** 3/5 Vote Required
- **2019-06-02** House Floor Amendment No. 1 Senate Concurs 052-002-000
- **2019-06-02** House Floor Amendment No. 2 Senate Concurs 052-002-000
- **2019-06-02** Senate Concurs
- **2019-06-02** Passed Both Houses
- **2019-06-12** Sent to the Governor `executive-receipt`
- **2019-08-09** Governor Approved `executive-signature`
- **2019-08-09** Effective Date August 9, 2019
- **2019-08-09** Public Act . . . . . . . . . 101-0363 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c23e6a9a-d915-4727-9711-83cccdc986ca`. Confidence: reported (aggregated from official Illinois legislature records).