republic-os/legislation/us/states/il/100th/hb-4805.md

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
Bill	MONEY TRANSMITTER-SURETY BOND	Amends the Transmitters of Money Act. Provides that a money transmitter applicant or a money transmitter licensee shall post a bond in the amount of $50,000 or an amount equal to 1% of all Illinois-based activity, whichever is greater (rather than the greater of $100,000 or an amount equal to the daily average of outstanding payment instruments for the preceding 12 months or operational history). Effective immediately.	us/states/il	Illinois General Assembly	100th	HB 4805	Illinois HB 4805 (100th)	bill		enacted		3	25	2	2018-02-13	2018-07-27	openstates	ocd-bill/fc5d8d1f-702c-48c0-9548-5b16ddf83c99	http://ilga.gov/legislation/BillStatus.asp?DocNum=4805&GAID=14&DocTypeID=HB&LegId=110137&SessionID=91&GA=100	5e98bc5b57e8833e8efaa00b7e017a9d2ae05e97a73dfa0f7093cf306e4855fd	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois HB 4805 (100th) — MONEY TRANSMITTER-SURETY BOND

Amends the Transmitters of Money Act. Provides that a money transmitter applicant or a money transmitter licensee shall post a bond in the amount of $50,000 or an amount equal to 1% of all Illinois-based activity, whichever is greater (rather than the greater of $100,000 or an amount equal to the daily average of outstanding payment instruments for the preceding 12 months or operational history). Effective immediately.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Introduced (filed) — source
2. Engrossed (committee substitute) — source
3. Enrolled (enrolled) — source

Votes

• Third Reading — 52–1 (pass) · upper
• Third Reading — 113–0 (pass) · lower

Sponsors

• David S. Olsen — primary (person)

Timeline

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

• 2018-02-13 Filed with the Clerk by Rep. David S. Olsen filing
• 2018-02-14 First Reading reading-1
• 2018-02-14 Referred to Rules Committee referral-committee
• 2018-02-26 Assigned to Financial Institutions Committee referral-committee
• 2018-03-06 Do Pass / Short Debate Financial Institutions Committee; 008-000-000 committee-passage
• 2018-03-08 Placed on Calendar 2nd Reading - Short Debate
• 2018-04-10 Second Reading - Short Debate reading-2
• 2018-04-10 Placed on Calendar Order of 3rd Reading - Short Debate
• 2018-04-11 Third Reading - Short Debate - Passed 113-000-000 reading-3, passage
• 2018-04-12 Arrive in Senate introduction
• 2018-04-12 Placed on Calendar Order of First Reading reading-1
• 2018-04-12 Chief Senate Sponsor Sen. Chapin Rose
• 2018-04-12 First Reading reading-1
• 2018-04-12 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
• 2018-05-17 Third Reading - Passed; 052-001-000 reading-3, passage
• 2018-05-17 Passed Both Houses
• 2018-06-15 Sent to the Governor executive-receipt
• 2018-07-27 Governor Approved executive-signature
• 2018-07-27 Effective Date July 27, 2018
• 2018-07-27 Public Act . . . . . . . . . 100-0640 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/fc5d8d1f-702c-48c0-9548-5b16ddf83c99. Confidence: reported (aggregated from official Illinois legislature records).