---
type: "Bill"
title: "SECURITIES LAW-SECURITY DEFINE"
description: "Amends the Illinois Securities Law of 1953. Removes from the definition of security, a certificate of deposit. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "93rd"
identifier: "SB 2559"
citation: "Illinois SB 2559 (93rd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 28
vote_count: 2
first_action: "2004-02-03"
last_action: "2004-08-12"
source: "openstates"
source_identifier: "ocd-bill/f30eb4ab-2bd5-46c2-a4e3-6ae6e2924f92"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2559&GAID=3&DocTypeID=SB&LegId=8961&SessionID=3&GA=93"
source_hash: "21cb593f6e9bed35f737d2c8dcba7b40efd4e785aeec515ea59040f8332b4ad8"
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 2559 (93rd) — SECURITIES LAW-SECURITY DEFINE

Amends the Illinois Securities Law of 1953. Removes from the definition of security, a certificate of deposit. 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=09300SB2559&GA=93&SessionId=3&DocTypeId=SB&LegID=8961&DocNum=2559&GAID=3&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB2559eng&GA=93&SessionId=3&DocTypeId=SB&LegID=8961&DocNum=2559&GAID=3&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB2559enr&GA=93&SessionId=3&DocTypeId=SB&LegID=8961&DocNum=2559&GAID=3&Session=&print=true)

## Votes

- Third Reading — **54–2** (pass) · upper
- Third Reading — **111–0** (pass) · lower

## Sponsors

- Don Harmon — primary (person)

## Timeline

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

- **2004-02-03** Filed with Secretary by Sen. Don Harmon `filing`
- **2004-02-03** First Reading `reading-1`
- **2004-02-03** Referred to Rules `referral-committee`
- **2004-02-18** Assigned to Judiciary `referral-committee`
- **2004-02-26** Do Pass Judiciary; 008-000-000 `committee-passage`
- **2004-02-26** Placed on Calendar Order of 2nd Reading March 2, 2004
- **2004-03-24** Second Reading `reading-2`
- **2004-03-24** Placed on Calendar Order of 3rd Reading March 25, 2004
- **2004-03-25** Third Reading - Passed; 054-002-000 `reading-3, passage`
- **2004-03-26** Arrived in House `introduction`
- **2004-03-26** Placed on Calendar Order of First Reading `reading-1`
- **2004-03-26** Chief House Sponsor Rep. Brent Hassert
- **2004-03-26** First Reading `reading-1`
- **2004-03-26** Referred to Rules Committee `referral-committee`
- **2004-04-27** Assigned to State Government Administration Committee `referral-committee`
- **2004-04-30** Committee/3rd Reading Deadline Extended-Rule 9(b) May 31, 2004
- **2004-05-06** Do Pass / Short Debate State Government Administration Committee; 010-000-001 `committee-passage`
- **2004-05-06** Placed on Calendar 2nd Reading - Short Debate
- **2004-05-10** Added Alternate Chief Co-Sponsor Rep. Lou Lang
- **2004-05-12** Second Reading - Short Debate `reading-2`
- **2004-05-12** Placed on Calendar Order of 3rd Reading - Short Debate
- **2004-05-17** Third Reading - Short Debate - Passed 111-000-003 `reading-3, passage`
- **2004-05-17** Passed Both Houses
- **2004-05-17** Added Alternate Chief Co-Sponsor Rep. Patricia R. Bellock
- **2004-06-15** Sent to the Governor `executive-receipt`
- **2004-08-12** Governor Approved `executive-signature`
- **2004-08-12** Effective Date August 12, 2004
- **2004-08-12** Public Act . . . . . . . . . 93-0927 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f30eb4ab-2bd5-46c2-a4e3-6ae6e2924f92`. Confidence: reported (aggregated from official Illinois legislature records).