Fabio
8.1 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | ||||
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| Bill | CREDIT UNIONS-VARIOUS | Amends the Illinois Credit Union Act. Provides that the par value of shares of a credit union must be at least $1 (rather than $5). Provides that the board of credit union advisors shall meet at least once each calendar year (rather than once each 6 months). Provides that credit union members may vote on questions and in elections by secure electronic record if approved by the board of directors. Changes the definition of "compliance review committee". Changes the limit on the amount of loans a credit union may make to individual members and how those limitations are set. Provides that a credit union or network credit union may create and use descriptive and brand references to promote and market its identity, services, and products to its members. Provides that corporate bonds identified as investment grade by at least one nationally recognized statistical rating organization may be invested by the credit union with funds not used in loans provided that certain criteria are satisfied. Provides that credit unions may invest funds not used in loans to aid in the credit union's management of its assets, liabilities, and liquidity in the purchase of an investment interest in a pool of loans, in whole or in part and without regard to the membership of the borrowers, from other depository institutions and financial type institutions, including mortgage banks, finance companies, insurance companies, and other loan sellers. Provides that each divisional credit union may (rather than shall) have an advisory board of directors and the advisory board of directors may (rather than the board of directors shall) appoint a divisional credit union chief management official. Provides that a divisional credit union may determine to identify its advisory board as a committee and its divisional chief management official with a title it deems reasonable and appropriate. Makes other changes. Effective immediately. | us/states/il | Illinois General Assembly | 100th | HB 1792 | Illinois HB 1792 (100th) |
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enacted | 3 | 35 | 2 | 2017-02-01 | 2017-08-25 | openstates | ocd-bill/96f41b9f-b5d3-4a67-952a-9d8f185cc06c | http://ilga.gov/legislation/BillStatus.asp?DocNum=1792&GAID=14&DocTypeID=HB&LegId=102379&SessionID=91&GA=100 | f3f6aa6f9104255522a5df40c1e00a6b000823a1f4212465215de8df0bb23711 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Illinois HB 1792 (100th) — CREDIT UNIONS-VARIOUS
Amends the Illinois Credit Union Act. Provides that the par value of shares of a credit union must be at least $1 (rather than $5). Provides that the board of credit union advisors shall meet at least once each calendar year (rather than once each 6 months). Provides that credit union members may vote on questions and in elections by secure electronic record if approved by the board of directors. Changes the definition of "compliance review committee". Changes the limit on the amount of loans a credit union may make to individual members and how those limitations are set. Provides that a credit union or network credit union may create and use descriptive and brand references to promote and market its identity, services, and products to its members. Provides that corporate bonds identified as investment grade by at least one nationally recognized statistical rating organization may be invested by the credit union with funds not used in loans provided that certain criteria are satisfied. Provides that credit unions may invest funds not used in loans to aid in the credit union's management of its assets, liabilities, and liquidity in the purchase of an investment interest in a pool of loans, in whole or in part and without regard to the membership of the borrowers, from other depository institutions and financial type institutions, including mortgage banks, finance companies, insurance companies, and other loan sellers. Provides that each divisional credit union may (rather than shall) have an advisory board of directors and the advisory board of directors may (rather than the board of directors shall) appoint a divisional credit union chief management official. Provides that a divisional credit union may determine to identify its advisory board as a committee and its divisional chief management official with a title it deems reasonable and appropriate. Makes other changes. Effective immediately.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Votes
- Third Reading — 55–0 (pass) · upper
- Third Reading — 80–23 (pass) · lower
Sponsors
- Dan McConchie — cosponsor (person)
- Laura M. Murphy — cosponsor (person)
- Lou Lang — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2017-02-01 Filed with the Clerk by Rep. Lou Lang
filing - 2017-02-02 First Reading
reading-1 - 2017-02-02 Referred to Rules Committee
referral-committee - 2017-02-14 Assigned to Executive Committee
referral-committee - 2017-02-16 Added Co-Sponsor Rep. Daniel J. Burke
- 2017-02-22 Added Co-Sponsor Rep. Chad Hays
- 2017-03-08 Added Co-Sponsor Rep. Robert Rita
- 2017-03-09 Re-assigned to Financial Institutions Committee
referral-committee - 2017-03-21 Do Pass / Short Debate Financial Institutions Committee; 010-000-000
committee-passage - 2017-03-22 Placed on Calendar 2nd Reading - Short Debate
- 2017-03-23 Second Reading - Short Debate
reading-2 - 2017-03-23 Placed on Calendar Order of 3rd Reading - Short Debate
- 2017-04-07 Third Reading - Short Debate - Passed 080-023-000
reading-3, passage - 2017-04-07 Motion Filed to Reconsider Vote Rep. Barbara Flynn Currie
- 2017-04-24 Motion to Reconsider Vote - Withdrawn Rep. Barbara Flynn Currie
- 2017-04-25 Arrive in Senate
introduction - 2017-04-25 Placed on Calendar Order of First Reading
reading-1 - 2017-04-25 Chief Senate Sponsor Sen. David Koehler
- 2017-04-25 First Reading
reading-1 - 2017-04-25 Referred to Assignments
referral-committee - 2017-05-02 Assigned to Financial Institutions
referral-committee - 2017-05-10 Do Pass Financial Institutions; 007-000-000
committee-passage - 2017-05-10 Placed on Calendar Order of 2nd Reading May 11, 2017
- 2017-05-12 Second Reading
reading-2 - 2017-05-12 Placed on Calendar Order of 3rd Reading May 15, 2017
- 2017-05-26 Rule 2-10 Third Reading Deadline Established As May 31, 2017
reading-3 - 2017-05-26 Added as Alternate Co-Sponsor Sen. Dan McConchie
- 2017-05-29 Added as Alternate Chief Co-Sponsor Sen. Mattie Hunter
- 2017-05-29 Added as Alternate Co-Sponsor Sen. Laura M. Murphy
- 2017-05-29 Third Reading - Passed; 055-000-000
reading-3, passage - 2017-05-30 Passed Both Houses
- 2017-06-27 Sent to the Governor
executive-receipt - 2017-08-25 Governor Approved
executive-signature - 2017-08-25 Effective Date August 25, 2017
- 2017-08-25 Public Act . . . . . . . . . 100-0361
became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/96f41b9f-b5d3-4a67-952a-9d8f185cc06c. Confidence: reported (aggregated from official Illinois legislature records).