republic-os/legislation/us/states/il/104th/sb-2318.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	MISLEADING PRACTICES PENALTY	Amends the Illinois Banking Act. In provisions concerning the penalty for misleading practices and names, changes the civil penalty that may be imposed to the maximum amount otherwise permitted under specified provisions, $100,000 for each violation (rather than $10,000 for each violation). Provides that the remedies provided in those provisions are in addition to, not to the exclusion of, any other remedies available under the law. Defines terms. Makes other changes.	us/states/il	Illinois General Assembly	104th	SB 2318	Illinois SB 2318 (104th)	bill		enacted	Laura Ellman Margaret Croke	5	42	6	2025-02-07	2025-08-01	openstates	ocd-bill/ff3f0a02-dc6b-49f7-a045-5a539a8155b8	https://ilga.gov/Legislation/BillStatus?DocNum=2318&GAID=18&DocTypeID=SB&LegId=162166&SessionID=114	df1ffdfbc63093dfbbdcc76d822bbe585847f510bb0a14f10d52de8ac50aa2d4	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 2318 (104th) — MISLEADING PRACTICES PENALTY

Amends the Illinois Banking Act. In provisions concerning the penalty for misleading practices and names, changes the civil penalty that may be imposed to the maximum amount otherwise permitted under specified provisions, $100,000 for each violation (rather than $10,000 for each violation). Provides that the remedies provided in those provisions are in addition to, not to the exclusion of, any other remedies available under the law. Defines terms. Makes other changes.

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. Senate Amendment 001 (committee substitute) — source
4. Senate Amendment 002 (committee substitute) — source
5. Enrolled (enrolled) — source

Votes

• Financial Institutions & Licensing — 12–0 (pass) · lower
• Financial Institutions, Amendment 2 — 8–0 (pass) · upper
• Third Reading — 114–0 (pass) · lower
• Financial Institutions — 8–0 (pass) · upper
• Third Reading — 55–0 (pass) · upper
• Financial Institutions — 7–0 (pass) · upper

Sponsors

• Laura Ellman — primary (person)
• Margaret Croke — primary (person)
• Anthony DeLuca — cosponsor (person)
• Chris Balkema — cosponsor (person)
• Christopher "C.D." Davidsmeyer — cosponsor (person)
• Dan Ugaste — cosponsor (person)
• Eva-Dina Delgado — cosponsor (person)
• Jawaharial Williams — cosponsor (person)
• Mark L. Walker — cosponsor (person)

Timeline

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

• 2025-02-07 Filed with Secretary by Sen. Laura Ellman filing
• 2025-02-07 First Reading reading-1
• 2025-02-07 Referred to Assignments
• 2025-03-04 Assigned to Financial Institutions referral-committee
• 2025-03-04 Senate Committee Amendment No. 1 Filed with Secretary by Sen. Laura Ellman amendment-introduction
• 2025-03-04 Senate Committee Amendment No. 1 Referred to Assignments
• 2025-03-05 Added as Co-Sponsor Sen. Mark L. Walker
• 2025-03-12 Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
• 2025-03-19 Senate Committee Amendment No. 1 Adopted amendment-passage
• 2025-03-19 Do Pass as Amended Financial Institutions; 008-000-000
• 2025-03-19 Placed on Calendar Order of 2nd Reading March 20, 2025 reading-2
• 2025-03-20 Second Reading reading-2
• 2025-03-20 Placed on Calendar Order of 3rd Reading April 1, 2025
• 2025-04-03 Senate Floor Amendment No. 2 Filed with Secretary by Sen. Laura Ellman amendment-introduction
• 2025-04-03 Senate Floor Amendment No. 2 Referred to Assignments
• 2025-04-08 Senate Floor Amendment No. 2 Assignments Refers to Financial Institutions
• 2025-04-10 Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 008-000-000
• 2025-04-10 Recalled to Second Reading reading-2
• 2025-04-10 Senate Floor Amendment No. 2 Adopted; Ellman amendment-passage
• 2025-04-10 Placed on Calendar Order of 3rd Reading
• 2025-04-10 Third Reading - Passed; 055-000-000 passage, reading-3
• 2025-04-10 Arrived in House introduction
• 2025-04-10 Chief House Sponsor Rep. Margaret Croke
• 2025-04-11 First Reading reading-1
• 2025-04-11 Referred to Rules Committee
• 2025-04-17 Assigned to Financial Institutions and Licensing Committee referral-committee
• 2025-04-29 Do Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000
• 2025-04-30 Placed on Calendar 2nd Reading - Short Debate reading-2
• 2025-05-14 Second Reading - Short Debate reading-2
• 2025-05-14 Placed on Calendar Order of 3rd Reading - Short Debate
• 2025-05-21 Added Alternate Chief Co-Sponsor Rep. Christopher "C.D." Davidsmeyer
• 2025-05-21 Added Alternate Chief Co-Sponsor Rep. Jawaharial Williams
• 2025-05-21 Added Alternate Chief Co-Sponsor Rep. Eva-Dina Delgado
• 2025-05-21 Added Alternate Chief Co-Sponsor Rep. Dan Ugaste
• 2025-05-22 Added Alternate Co-Sponsor Rep. Anthony DeLuca
• 2025-05-22 Third Reading - Short Debate - Passed 114-000-000 passage, reading-3
• 2025-05-22 Passed Both Houses
• 2025-05-28 Added as Co-Sponsor Sen. Chris Balkema
• 2025-06-20 Sent to the Governor executive-receipt
• 2025-08-01 Governor Approved executive-signature
• 2025-08-01 Effective Date January 1, 2026
• 2025-08-01 Public Act . . . . . . . . . 104-0144 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/ff3f0a02-dc6b-49f7-a045-5a539a8155b8. Confidence: reported (aggregated from official Illinois legislature records).