Fabio
116 lines
6.5 KiB
Markdown
116 lines
6.5 KiB
Markdown
---
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type: "Bill"
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title: "MISLEADING PRACTICES PENALTY"
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description: "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."
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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 2318"
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citation: "Illinois SB 2318 (104th)"
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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: 5
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action_count: 42
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vote_count: 6
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first_action: "2025-02-07"
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last_action: "2025-08-01"
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source: "openstates"
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source_identifier: "ocd-bill/ff3f0a02-dc6b-49f7-a045-5a539a8155b8"
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source_url: "https://ilga.gov/Legislation/BillStatus?DocNum=2318&GAID=18&DocTypeID=SB&LegId=162166&SessionID=114"
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source_hash: "df1ffdfbc63093dfbbdcc76d822bbe585847f510bb0a14f10d52de8ac50aa2d4"
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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 2318 (104th) — MISLEADING PRACTICES PENALTY
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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.
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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/10400SB2318.pdf)
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2. **Engrossed** (committee substitute) — [source](https://ilga.gov/documents/legislation/104/SB/PDF/10400SB2318eng.pdf)
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3. **Senate Amendment 001** (committee substitute) — [source](https://ilga.gov/documents/legislation/104/SB/PDF/10400SB2318sam001.pdf)
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4. **Senate Amendment 002** (committee substitute) — [source](https://ilga.gov/documents/legislation/104/SB/PDF/10400SB2318sam002.pdf)
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5. **Enrolled** (enrolled) — [source](https://ilga.gov/documents/legislation/104/SB/PDF/10400SB2318enr.pdf)
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## Votes
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- Financial Institutions & Licensing — **12–0** (pass) · lower
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- Financial Institutions, Amendment 2 — **8–0** (pass) · upper
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- Third Reading — **114–0** (pass) · lower
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- Financial Institutions — **8–0** (pass) · upper
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- Third Reading — **55–0** (pass) · upper
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- Financial Institutions — **7–0** (pass) · upper
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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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- Anthony DeLuca — cosponsor (person)
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- Chris Balkema — cosponsor (person)
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- Christopher "C.D." Davidsmeyer — cosponsor (person)
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- Dan Ugaste — cosponsor (person)
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- Eva-Dina Delgado — cosponsor (person)
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- Jawaharial Williams — cosponsor (person)
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- Mark L. Walker — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-02-07** Filed with Secretary by Sen. Laura Ellman `filing`
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- **2025-02-07** First Reading `reading-1`
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- **2025-02-07** Referred to Assignments
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- **2025-03-04** Assigned to Financial Institutions `referral-committee`
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- **2025-03-04** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Laura Ellman `amendment-introduction`
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- **2025-03-04** Senate Committee Amendment No. 1 Referred to Assignments
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- **2025-03-05** Added as Co-Sponsor Sen. Mark L. Walker
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- **2025-03-12** Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
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- **2025-03-19** Senate Committee Amendment No. 1 Adopted `amendment-passage`
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- **2025-03-19** Do Pass as Amended Financial Institutions; 008-000-000
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- **2025-03-19** Placed on Calendar Order of 2nd Reading March 20, 2025 `reading-2`
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- **2025-03-20** Second Reading `reading-2`
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- **2025-03-20** Placed on Calendar Order of 3rd Reading April 1, 2025
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- **2025-04-03** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Laura Ellman `amendment-introduction`
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- **2025-04-03** Senate Floor Amendment No. 2 Referred to Assignments
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- **2025-04-08** Senate Floor Amendment No. 2 Assignments Refers to Financial Institutions
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- **2025-04-10** Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 008-000-000
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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; Ellman `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; 055-000-000 `passage, reading-3`
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- **2025-04-10** Arrived in House `introduction`
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- **2025-04-10** Chief House Sponsor Rep. Margaret Croke
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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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- **2025-04-29** Do Pass / Short Debate Financial Institutions and Licensing Committee; 012-000-000
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- **2025-04-30** Placed on Calendar 2nd Reading - Short Debate `reading-2`
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- **2025-05-14** Second Reading - Short Debate `reading-2`
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- **2025-05-14** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2025-05-21** Added Alternate Chief Co-Sponsor Rep. Christopher "C.D." Davidsmeyer
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- **2025-05-21** Added Alternate Chief Co-Sponsor Rep. Jawaharial Williams
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- **2025-05-21** Added Alternate Chief Co-Sponsor Rep. Eva-Dina Delgado
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- **2025-05-21** Added Alternate Chief Co-Sponsor Rep. Dan Ugaste
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- **2025-05-22** Added Alternate Co-Sponsor Rep. Anthony DeLuca
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- **2025-05-22** Third Reading - Short Debate - Passed 114-000-000 `passage, reading-3`
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- **2025-05-22** Passed Both Houses
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- **2025-05-28** Added as Co-Sponsor Sen. Chris Balkema
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- **2025-06-20** Sent to the Governor `executive-receipt`
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- **2025-08-01** Governor Approved `executive-signature`
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- **2025-08-01** Effective Date January 1, 2026
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- **2025-08-01** Public Act . . . . . . . . . 104-0144 `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/ff3f0a02-dc6b-49f7-a045-5a539a8155b8`. Confidence: reported (aggregated from official Illinois legislature records).
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