Fabio
156 lines
9.9 KiB
Markdown
156 lines
9.9 KiB
Markdown
---
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type: "Bill"
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title: "DIGITAL ASSETS & CONS PROT ACT"
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description: "Creates the Digital Assets and Consumer Protection Act. Provides that the Department of Financial and Professional Regulation shall regulate digital asset business activity in the State. Sets forth provisions concerning: applicability; the powers and duties of the Department; funds; customer protections; custody and protection of customer assets; covered exchanges; compliance; registration; supervision; records; additional procedural provisions; confidentiality; violations; enforcement; rulemaking authority; and severability. Creates the Special Purpose Trust Company Article in the Corporate Fiduciary Act. Sets forth provisions concerning certificates of authority; rulemaking and organization; certificates of authority for foreign corporate fiduciaries; eligibility; fees; and certificates of reciprocity. Makes other changes to various Acts. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "104th"
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identifier: "SB 1797"
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citation: "Illinois SB 1797 (104th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Edgar González, Jr.", "Mark L. Walker"]
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version_count: 6
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action_count: 71
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vote_count: 8
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first_action: "2025-02-06"
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last_action: "2025-08-18"
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source: "openstates"
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source_identifier: "ocd-bill/9ddbed29-438c-4dc5-9666-4de0972a9ee7"
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source_url: "https://ilga.gov/Legislation/BillStatus?DocNum=1797&GAID=18&DocTypeID=SB&LegId=160946&SessionID=114"
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source_hash: "1a66910919306bdb149b36694473790ca262611c2567e2ad2c07420199a024d4"
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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 SB 1797 (104th) — DIGITAL ASSETS & CONS PROT ACT
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Creates the Digital Assets and Consumer Protection Act. Provides that the Department of Financial and Professional Regulation shall regulate digital asset business activity in the State. Sets forth provisions concerning: applicability; the powers and duties of the Department; funds; customer protections; custody and protection of customer assets; covered exchanges; compliance; registration; supervision; records; additional procedural provisions; confidentiality; violations; enforcement; rulemaking authority; and severability. Creates the Special Purpose Trust Company Article in the Corporate Fiduciary Act. Sets forth provisions concerning certificates of authority; rulemaking and organization; certificates of authority for foreign corporate fiduciaries; eligibility; fees; and certificates of reciprocity. Makes other changes to various Acts. 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](https://ilga.gov/documents/legislation/104/SB/PDF/10400SB1797.pdf)
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2. **Engrossed** (committee substitute) — [source](https://ilga.gov/documents/legislation/104/SB/PDF/10400SB1797eng.pdf)
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3. **House Amendment 001** (committee substitute) — [source](https://ilga.gov/documents/legislation/104/SB/PDF/10400SB1797ham001.pdf)
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4. **Senate Amendment 001** (committee substitute) — [source](https://ilga.gov/documents/legislation/104/SB/PDF/10400SB1797sam001.pdf)
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5. **Senate Amendment 002** (committee substitute) — [source](https://ilga.gov/documents/legislation/104/SB/PDF/10400SB1797sam002.pdf)
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6. **Enrolled** (enrolled) — [source](https://ilga.gov/documents/legislation/104/SB/PDF/10400SB1797enr.pdf)
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## Votes
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- Executive — **9–4** (pass) · upper
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- Executive — **8–4** (pass) · upper
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- Third Reading — **39–17** (pass) · upper
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- Executive, Amendment 2 — **9–4** (pass) · upper
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- Financial Institutions & Licensing — **7–4** (pass) · lower
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- Concurrence — **41–15** (pass) · upper
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- Executive — **13–0** (pass) · upper
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- Third Reading — **76–38** (pass) · lower
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## Sponsors
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- Edgar González, Jr. — primary (person)
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- Mark L. Walker — primary (person)
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- Adriane Johnson — cosponsor (person)
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- Camille Y. Lilly — cosponsor (person)
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- Christopher Belt — cosponsor (person)
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- Cristina Castro — cosponsor (person)
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- Graciela Guzmán — cosponsor (person)
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- Javier L. Cervantes — cosponsor (person)
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- Karina Villa — cosponsor (person)
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- Laura Ellman — cosponsor (person)
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- Mary Edly-Allen — cosponsor (person)
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- Michael E. Hastings — cosponsor (person)
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- Mike Porfirio — cosponsor (person)
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- Mike Simmons — cosponsor (person)
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- Paul Faraci — cosponsor (person)
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- Rachel Ventura — cosponsor (person)
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- Robert Peters — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-02-06** Filed with Secretary by Sen. Mark L. Walker `filing`
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- **2025-02-06** First Reading `reading-1`
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- **2025-02-06** Referred to Assignments
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- **2025-02-18** Assigned to Executive `referral-committee`
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- **2025-03-12** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker `amendment-introduction`
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- **2025-03-12** Senate Committee Amendment No. 1 Referred to Assignments
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- **2025-03-18** Senate Committee Amendment No. 1 Assignments Refers to Executive
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- **2025-03-18** Added as Co-Sponsor Sen. Karina Villa
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- **2025-03-19** Added as Co-Sponsor Sen. Rachel Ventura
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- **2025-03-19** Added as Co-Sponsor Sen. Mike Porfirio
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- **2025-03-21** Rule 2-10 Committee Deadline Established As April 4, 2025
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- **2025-04-03** Senate Committee Amendment No. 1 Adopted `amendment-passage`
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- **2025-04-03** Do Pass as Amended Executive; 008-004-000
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- **2025-04-03** Placed on Calendar Order of 2nd Reading April 4, 2025 `reading-2`
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- **2025-04-04** Added as Chief Co-Sponsor Sen. Graciela Guzmán
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- **2025-04-04** Added as Chief Co-Sponsor Sen. Cristina Castro
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- **2025-04-04** Added as Chief Co-Sponsor Sen. Laura Ellman
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- **2025-04-04** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Mark L. Walker `amendment-introduction`
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- **2025-04-04** Senate Floor Amendment No. 2 Referred to Assignments
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- **2025-04-08** Senate Floor Amendment No. 2 Assignments Refers to Executive
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- **2025-04-08** Second Reading `reading-2`
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- **2025-04-08** Placed on Calendar Order of 3rd Reading April 9, 2025
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- **2025-04-09** Added as Co-Sponsor Sen. Paul Faraci
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- **2025-04-09** Added as Co-Sponsor Sen. Christopher Belt
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- **2025-04-09** Added as Co-Sponsor Sen. Javier L. Cervantes
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- **2025-04-09** Sponsor Removed Sen. Michael W. Halpin
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- **2025-04-09** Added as Co-Sponsor Sen. Michael E. Hastings
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- **2025-04-09** Added as Co-Sponsor Sen. Robert Peters
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- **2025-04-09** Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 009-004-000
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- **2025-04-10** Added as Co-Sponsor Sen. Mary Edly-Allen
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- **2025-04-10** Added as Co-Sponsor Sen. Adriane Johnson
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- **2025-04-10** Recalled to Second Reading `reading-2`
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- **2025-04-10** Senate Floor Amendment No. 2 Adopted; Walker `amendment-passage`
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- **2025-04-10** Placed on Calendar Order of 3rd Reading
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- **2025-04-10** Third Reading - Passed; 039-017-000 `passage, reading-3`
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- **2025-04-10** Added as Co-Sponsor Sen. Mike Simmons
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- **2025-04-10** Arrived in House `introduction`
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- **2025-04-10** Chief House Sponsor Rep. Edgar González, Jr.
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- **2025-04-11** First Reading `reading-1`
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- **2025-04-11** Referred to Rules Committee
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- **2025-04-17** Assigned to Financial Institutions and Licensing Committee `referral-committee`
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- **2025-05-09** Rule 19(a) / Re-referred to Rules Committee
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- **2025-05-23** Assigned to Financial Institutions and Licensing Committee `referral-committee`
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- **2025-05-23** Committee/Final Action Deadline Extended-9(b) May 31, 2025
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- **2025-05-27** House Committee Amendment No. 1 Filed with Clerk by Rep. Edgar González, Jr. `amendment-introduction`
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- **2025-05-27** House Committee Amendment No. 1 Referred to Rules Committee
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- **2025-05-27** Motion Filed to Suspend Rule 21 Financial Institutions and Licensing Committee; Rep. Bob Morgan
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- **2025-05-27** Motion to Suspend Rule 21 - Prevailed 075-039-000
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- **2025-05-28** House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
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- **2025-05-28** House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote `amendment-passage`
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- **2025-05-28** Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 007-004-000
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- **2025-05-28** Placed on Calendar 2nd Reading - Short Debate `reading-2`
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- **2025-05-28** Second Reading - Short Debate `reading-2`
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- **2025-05-28** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2025-05-29** Added Alternate Co-Sponsor Rep. Camille Y. Lilly
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- **2025-05-30** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2025-05-30** Third Reading - Short Debate - Passed 076-038-001 `passage, reading-3`
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- **2025-05-30** Secretary's Desk - Concurrence House Amendment(s) 1
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- **2025-05-30** Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 30, 2025
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- **2025-05-31** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Mark L. Walker `filing`
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- **2025-05-31** House Committee Amendment No. 1 Motion to Concur Referred to Assignments
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- **2025-05-31** House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive
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- **2025-05-31** House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 009-004-000
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- **2025-06-01** 3/5 Vote Required
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- **2025-06-01** House Committee Amendment No. 1 Senate Concurs 041-015-000
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- **2025-06-01** Senate Concurs
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- **2025-06-01** Passed Both Houses
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- **2025-06-30** Sent to the Governor `executive-receipt`
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- **2025-08-18** Governor Approved `executive-signature`
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- **2025-08-18** Effective Date August 18, 2025
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- **2025-08-18** Public Act . . . . . . . . . 104-0428 `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/9ddbed29-438c-4dc5-9666-4de0972a9ee7`. Confidence: reported (aggregated from official Illinois legislature records).
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