Fabio
85 lines
5.2 KiB
Markdown
85 lines
5.2 KiB
Markdown
---
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type: "Bill"
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title: "MUNI CD-FINANCIAL INSTITUTIONS"
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description: "Amends the Finance Article of the Illinois Municipal Code. Revises the definition of \"financial institution\" to mean any bank, savings bank, savings and loan association, or credit union established under the laws of the United States, the State, or any other state; or any regional planning commissions or joint regional planning commissions union established under specified provisions (rather than any bank subject to the Illinois Banking Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, any federally chartered commercial bank or savings and loan association organized and operated in this State pursuant to the laws of the United States, and any regional planning commissions or joint regional planning commissions union). Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "100th"
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identifier: "HB 4541"
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citation: "Illinois HB 4541 (100th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 25
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vote_count: 2
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first_action: "2018-02-02"
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last_action: "2018-08-14"
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source: "openstates"
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source_identifier: "ocd-bill/265adf99-1a7b-4fa9-9b54-a99e836c20b2"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=4541&GAID=14&DocTypeID=HB&LegId=109424&SessionID=91&GA=100"
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source_hash: "854c7e6bfe19e8f9923bd1fe105a4f69ea85470bcc52ae5294d7553608753860"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois HB 4541 (100th) — MUNI CD-FINANCIAL INSTITUTIONS
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Amends the Finance Article of the Illinois Municipal Code. Revises the definition of "financial institution" to mean any bank, savings bank, savings and loan association, or credit union established under the laws of the United States, the State, or any other state; or any regional planning commissions or joint regional planning commissions union established under specified provisions (rather than any bank subject to the Illinois Banking Act, any savings and loan association subject to the Illinois Savings and Loan Act of 1985, any federally chartered commercial bank or savings and loan association organized and operated in this State pursuant to the laws of the United States, and any regional planning commissions or joint regional planning commissions union). Effective immediately.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4541&GA=100&SessionId=91&DocTypeId=HB&LegID=109424&DocNum=4541&GAID=14&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4541eng&GA=100&SessionId=91&DocTypeId=HB&LegID=109424&DocNum=4541&GAID=14&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4541enr&GA=100&SessionId=91&DocTypeId=HB&LegID=109424&DocNum=4541&GAID=14&Session=&print=true)
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## Votes
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- Third Reading — **58–0** (pass) · upper
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- Third Reading — **107–0** (pass) · lower
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## Sponsors
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- Lawrence Walsh, Jr. — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-02-02** Filed with the Clerk by Rep. Lawrence Walsh, Jr. `filing`
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- **2018-02-05** First Reading `reading-1`
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- **2018-02-05** Referred to Rules Committee `referral-committee`
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- **2018-02-12** Assigned to Financial Institutions Committee `referral-committee`
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- **2018-02-27** Do Pass / Short Debate Financial Institutions Committee; 007-000-000 `committee-passage`
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- **2018-02-28** Placed on Calendar 2nd Reading - Short Debate
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- **2018-03-01** Second Reading - Short Debate `reading-2`
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- **2018-03-01** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2018-03-07** Third Reading - Short Debate - Passed 107-000-000 `reading-3, passage`
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- **2018-03-09** Arrive in Senate `introduction`
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- **2018-03-09** Placed on Calendar Order of First Reading `reading-1`
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- **2018-03-09** Chief Senate Sponsor Sen. David Koehler
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- **2018-03-09** First Reading `reading-1`
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- **2018-03-09** Referred to Assignments `referral-committee`
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- **2018-04-25** Assigned to Financial Institutions `referral-committee`
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- **2018-05-02** Do Pass Financial Institutions; 006-000-000 `committee-passage`
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- **2018-05-02** Placed on Calendar Order of 2nd Reading May 3, 2018
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- **2018-05-08** Second Reading `reading-2`
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- **2018-05-08** Placed on Calendar Order of 3rd Reading May 9, 2018
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- **2018-05-23** Third Reading - Passed; 058-000-000 `reading-3, passage`
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- **2018-05-23** Passed Both Houses
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- **2018-06-21** Sent to the Governor `executive-receipt`
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- **2018-08-14** Governor Approved `executive-signature`
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- **2018-08-14** Effective Date August 14, 2018
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- **2018-08-14** Public Act . . . . . . . . . 100-0854 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/265adf99-1a7b-4fa9-9b54-a99e836c20b2`. Confidence: reported (aggregated from official Illinois legislature records).
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