---
type: "Bill"
title: "SAVINGS BANK-EXAMINATION"
description: "Amends the Savings Bank Act. Provides that a savings bank shall have its books, records, and accounts examined at least once every 18 months (rather than at least once in each year) in the same manner as a State Bank (rather than be audited by an independent licensed public accountant not connected with the savings bank). Removes requirements concerning an annual audit. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "100th"
identifier: "HB 4589"
citation: "Illinois HB 4589 (100th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 29
vote_count: 2
first_action: "2018-02-06"
last_action: "2018-07-31"
source: "openstates"
source_identifier: "ocd-bill/0dff4f2c-b111-424e-b0a7-43169a3c3ddd"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=4589&GAID=14&DocTypeID=HB&LegId=109542&SessionID=91&GA=100"
source_hash: "2598245ca048a485a07fdcf94461111e38b2a4d18d02d18b402fb6a8abc0096b"
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 HB 4589 (100th) — SAVINGS BANK-EXAMINATION

Amends the Savings Bank Act. Provides that a savings bank shall have its books, records, and accounts examined at least once every 18 months (rather than at least once in each year) in the same manner as a State Bank (rather than be audited by an independent licensed public accountant not connected with the savings bank). Removes requirements concerning an annual audit. 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=10000HB4589&GA=100&SessionId=91&DocTypeId=HB&LegID=109542&DocNum=4589&GAID=14&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4589eng&GA=100&SessionId=91&DocTypeId=HB&LegID=109542&DocNum=4589&GAID=14&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4589enr&GA=100&SessionId=91&DocTypeId=HB&LegID=109542&DocNum=4589&GAID=14&Session=&print=true)

## Votes

- Third Reading — **90–20** (pass) · lower
- Third Reading — **53–0** (pass) · upper

## Sponsors

- Tony McCombie — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-02-06** Filed with the Clerk by Rep. Tony McCombie `filing`
- **2018-02-06** First Reading `reading-1`
- **2018-02-06** Referred to Rules Committee `referral-committee`
- **2018-03-05** Assigned to Financial Institutions Committee `referral-committee`
- **2018-03-06** House Committee Amendment No. 1 Filed with Clerk by Rep. Tony McCombie `amendment-introduction`
- **2018-03-06** House Committee Amendment No. 1 Referred to Rules Committee `referral-committee`
- **2018-03-07** House Committee Amendment No. 1 Rules Refers to Financial Institutions Committee
- **2018-04-09** House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote `amendment-passage`
- **2018-04-09** Do Pass as Amended / Short Debate Financial Institutions Committee; 009-000-000 `committee-passage`
- **2018-04-10** Placed on Calendar 2nd Reading - Short Debate
- **2018-04-13** Second Reading - Short Debate `reading-2`
- **2018-04-13** Placed on Calendar Order of 3rd Reading - Short Debate
- **2018-04-17** Third Reading - Short Debate - Passed 090-020-000 `reading-3, passage`
- **2018-04-17** Arrive in Senate `introduction`
- **2018-04-17** Placed on Calendar Order of First Reading April 18, 2018 `reading-1`
- **2018-04-18** Chief Senate Sponsor Sen. Neil Anderson
- **2018-04-18** First Reading `reading-1`
- **2018-04-18** Referred to Assignments `referral-committee`
- **2018-04-25** Assigned to Financial Institutions `referral-committee`
- **2018-05-02** Do Pass Financial Institutions; 006-000-000 `committee-passage`
- **2018-05-02** Placed on Calendar Order of 2nd Reading May 3, 2018
- **2018-05-10** Second Reading `reading-2`
- **2018-05-10** Placed on Calendar Order of 3rd Reading May 15, 2018
- **2018-05-16** Third Reading - Passed; 053-000-000 `reading-3, passage`
- **2018-05-16** Passed Both Houses
- **2018-06-14** Sent to the Governor `executive-receipt`
- **2018-07-31** Governor Approved `executive-signature`
- **2018-07-31** Effective Date July 31, 2018
- **2018-07-31** Public Act . . . . . . . . . 100-0652 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0dff4f2c-b111-424e-b0a7-43169a3c3ddd`. Confidence: reported (aggregated from official Illinois legislature records).