Fabio
118 lines
9.4 KiB
Markdown
118 lines
9.4 KiB
Markdown
---
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type: "Bill"
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title: "CREDIT UNION REGULATORY FEES"
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description: "Amends the Illinois Credit Union Act. Provides that the regulatory fee schedule shall not be increased if the amount remaining in the Credit Union Fund at the end of any fiscal year is greater than 25% of that fiscal year's total initial appropriations, or the most recent fiscal year for which there is an initial appropriations, relating to the administration and enforcement of the provisions and other related laws, rules, and regulations (rather than the total actual and operational expenses incurred by the State in administering and enforcing the provisions and other laws, rules, and regulations as may apply to the administration and enforcement of laws, rules, and regulations for the preceding fiscal year). Provides that when the balance in the Credit Union Fund at the end of a fiscal year exceeds 25% of that fiscal year's total initial appropriations relating to the administration and enforcement of the provisions and other related laws, rules, and regulations (rather than the total administrative and operational expenses incurred by the State in administering and enforcing the provisions), the excess shall be credited to credit unions and applied against their regulatory fees for the subsequent fiscal year. Provides that the amount credited to each credit union shall be in the same proportion as the regulatory fee paid by that credit union for the fiscal year in which the excess is produced bears to the aggregate amount of all regulatory fees (rather than fees) collected by the Department of Financial and Professional Regulation under the provisions for the same fiscal year. Removes a regulatory fee cap of $141,875. Makes other changes."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "103rd"
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identifier: "HB 3296"
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citation: "Illinois HB 3296 (103rd)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Laura Ellman", "Margaret Croke"]
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version_count: 6
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action_count: 48
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vote_count: 6
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first_action: "2023-02-17"
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last_action: "2023-06-27"
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source: "openstates"
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source_identifier: "ocd-bill/ced0d9ee-7353-47a0-89c6-e38827b32d3a"
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source_url: "https://beta.ilga.gov/Legislation/BillStatus?DocNum=3296&GAID=17&DocTypeID=HB&LegId=148453&SessionID=112"
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source_hash: "48c0835e43551e7aba81cde71ad5bfd12a3c6ee249d4149c622656c7d844e244"
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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 3296 (103rd) — CREDIT UNION REGULATORY FEES
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Amends the Illinois Credit Union Act. Provides that the regulatory fee schedule shall not be increased if the amount remaining in the Credit Union Fund at the end of any fiscal year is greater than 25% of that fiscal year's total initial appropriations, or the most recent fiscal year for which there is an initial appropriations, relating to the administration and enforcement of the provisions and other related laws, rules, and regulations (rather than the total actual and operational expenses incurred by the State in administering and enforcing the provisions and other laws, rules, and regulations as may apply to the administration and enforcement of laws, rules, and regulations for the preceding fiscal year). Provides that when the balance in the Credit Union Fund at the end of a fiscal year exceeds 25% of that fiscal year's total initial appropriations relating to the administration and enforcement of the provisions and other related laws, rules, and regulations (rather than the total administrative and operational expenses incurred by the State in administering and enforcing the provisions), the excess shall be credited to credit unions and applied against their regulatory fees for the subsequent fiscal year. Provides that the amount credited to each credit union shall be in the same proportion as the regulatory fee paid by that credit union for the fiscal year in which the excess is produced bears to the aggregate amount of all regulatory fees (rather than fees) collected by the Department of Financial and Professional Regulation under the provisions for the same fiscal year. Removes a regulatory fee cap of $141,875. Makes other changes.
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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](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB3296.pdf)
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2. **Engrossed** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB3296eng.pdf)
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3. **House Amendment 001** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB3296ham001.pdf)
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4. **House Amendment 002** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB3296ham002.pdf)
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5. **House Amendment 003** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB3296ham003.pdf)
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6. **Enrolled** (enrolled) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB3296enr.pdf)
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## Votes
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- Third Reading — **40–17** (pass) · lower
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- Financial Institutions & Licensing — **8–4** (pass) · lower
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- Financial Institutions — **5–0** (pass) · lower
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- Third Reading — **68–40** (pass) · lower
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- Financial Institutions & Licensing, Amendment 3 — **8–4** (pass) · lower
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- Financial Institutions & Licensing, Amendment 1 — **8–3** (pass) · lower
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## Sponsors
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- Laura Ellman — primary (person)
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- Margaret Croke — primary (person)
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- Dagmara Avelar — cosponsor (person)
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- Kam Buckner — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-02-17** Filed with the Clerk by Rep. Margaret Croke `filing`
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- **2023-02-17** First Reading `reading-1`
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- **2023-02-17** Referred to Rules Committee
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- **2023-02-23** Assigned to Financial Institutions and Licensing Committee `referral-committee`
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- **2023-03-07** Do Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000
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- **2023-03-08** Placed on Calendar 2nd Reading - Short Debate `reading-2`
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- **2023-03-20** House Floor Amendment No. 1 Filed with Clerk by Rep. Margaret Croke `amendment-introduction`
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- **2023-03-20** House Floor Amendment No. 1 Referred to Rules Committee
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- **2023-03-22** House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
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- **2023-03-22** Added Co-Sponsor Rep. Dagmara Avelar
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- **2023-03-22** Second Reading - Short Debate `reading-2`
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- **2023-03-22** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2023-03-23** Added Co-Sponsor Rep. Kam Buckner
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- **2023-03-23** House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-003-000 `committee-passage-favorable`
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- **2023-03-27** Rule 19(a) / Re-referred to Rules Committee
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- **2023-03-27** House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
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- **2023-04-20** Third Reading Deadline Extended-Rule May 19, 2023
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- **2023-04-20** Approved for Consideration Rules Committee; 005-000-000
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- **2023-04-20** Placed on Calendar 2nd Reading - Short Debate `reading-2`
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- **2023-04-20** House Floor Amendment No. 2 Filed with Clerk by Rep. Margaret Croke `amendment-introduction`
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- **2023-04-20** House Floor Amendment No. 2 Referred to Rules Committee
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- **2023-04-20** House Floor Amendment No. 3 Filed with Clerk by Rep. Margaret Croke `amendment-introduction`
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- **2023-04-20** House Floor Amendment No. 3 Referred to Rules Committee
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- **2023-04-25** House Floor Amendment No. 3 Rules Refers to Financial Institutions and Licensing Committee
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- **2023-04-25** House Floor Amendment No. 3 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000 `committee-passage-favorable`
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- **2023-05-02** House Floor Amendment No. 3 Adopted `amendment-passage`
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- **2023-05-02** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2023-05-02** Third Reading - Short Debate - Passed 068-040-000 `passage, reading-3`
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- **2023-05-03** Arrive in Senate `introduction`
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- **2023-05-03** Placed on Calendar Order of First Reading `reading-1`
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- **2023-05-03** Chief Senate Sponsor Sen. Laura Ellman
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- **2023-05-03** First Reading `reading-1`
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- **2023-05-03** Referred to Assignments
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- **2023-05-09** Assigned to Financial Institutions `referral-committee`
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- **2023-05-09** Rule 2-10 Committee Deadline Established As May 19, 2023
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- **2023-05-11** Rule 2-10 Third Reading Deadline Established As May 25, 2023
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- **2023-05-11** Rule 2-10 Committee Deadline Established As May 21, 2023
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- **2023-05-12** Rule 2-10 Third Reading Deadline Established As May 19, 2023
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- **2023-05-16** Do Pass Financial Institutions; 005-000-000
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- **2023-05-16** Placed on Calendar Order of 2nd Reading `reading-2`
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- **2023-05-16** Second Reading `reading-2`
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- **2023-05-16** Placed on Calendar Order of 3rd Reading May 17, 2023
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- **2023-05-17** Third Reading - Passed; 040-017-000 `passage, reading-3`
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- **2023-05-17** Passed Both Houses
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- **2023-06-15** Sent to the Governor `executive-receipt`
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- **2023-06-27** Governor Approved `executive-signature`
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- **2023-06-27** Public Act . . . . . . . . . 103-0107 `became-law`
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- **2023-06-27** Effective Date June 27, 2023
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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/ced0d9ee-7353-47a0-89c6-e38827b32d3a`. Confidence: reported (aggregated from official Illinois legislature records).
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