republic-os/legislation/us/states/il/93rd/sb-1116.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	CREDIT CARD ISSUANCE-INT RATE	Amends the Credit Card Issuance Act. Provides that a credit card issuer who offers to an Illinois resident a credit card with a fixed annual percentage rate may not increase the annual percentage rate or rates of interest applicable to that credit card account, or prematurely remove or increase any introductory annual percentage rate or rates of interest applicable to the account, for reasons other than actions or omissions of the card holder that are directly related to the account and that are clearly and conspicuously described to the card holder at the time the credit card is issued. Effective immediately.	us/states/il	Illinois General Assembly	93rd	SB 1116	Illinois SB 1116 (93rd)	bill		enacted		3	51	2	2003-02-20	2003-07-22	openstates	ocd-bill/32ac6b23-5b57-40ef-bfa2-e8c46bf9803e	http://ilga.gov/legislation/BillStatus.asp?DocNum=1116&GAID=3&DocTypeID=SB&LegId=4936&SessionID=3&GA=93	a5ff5d8ea609fd00ec27dc3d878ac66d365aa22a211557548ba91490ab078ef6	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 1116 (93rd) — CREDIT CARD ISSUANCE-INT RATE

Amends the Credit Card Issuance Act. Provides that a credit card issuer who offers to an Illinois resident a credit card with a fixed annual percentage rate may not increase the annual percentage rate or rates of interest applicable to that credit card account, or prematurely remove or increase any introductory annual percentage rate or rates of interest applicable to the account, for reasons other than actions or omissions of the card holder that are directly related to the account and that are clearly and conspicuously described to the card holder at the time the credit card is issued. 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 — 55–0 (pass) · upper
• Third Reading — 116–0 (pass) · lower

Sponsors

• Annazette Collins — cosponsor (person)
• Charles E. Jefferson — cosponsor (person)
• Rickey R. Hendon — primary (person)
• Robert Rita — cosponsor (person)
• Wyvetter H. Younge — cosponsor (person)

Timeline

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

• 2003-02-20 Filed with Secretary by Sen. Rickey R. Hendon filing
• 2003-02-20 First Reading reading-1
• 2003-02-20 Referred to Rules referral-committee
• 2003-02-26 Assigned to Financial Institutions referral-committee
• 2003-03-06 Do Pass Financial Institutions; 009-000-000 committee-passage
• 2003-03-06 Placed on Calendar Order of 2nd Reading March 11, 2003
• 2003-03-11 Senate Floor Amendment No. 1 Filed with Secretary by Sen. Rickey R. Hendon amendment-introduction
• 2003-03-11 Senate Floor Amendment No. 1 Referred to Rules referral-committee
• 2003-03-18 Second Reading reading-2
• 2003-03-18 Placed on Calendar Order of 3rd Reading March 19, 2003
• 2003-03-24 Senate Floor Amendment No. 1 Rules Refers to Financial Institutions
• 2003-03-24 Senate Floor Amendment No. 2 Filed with Secretary by Sen. Rickey R. Hendon amendment-introduction
• 2003-03-24 Senate Floor Amendment No. 2 Referred to Rules referral-committee
• 2003-03-25 Senate Floor Amendment No. 1 Postponed - Financial Institutions
• 2003-03-26 Senate Floor Amendment No. 2 Rules Refers to Financial Institutions
• 2003-04-02 Senate Floor Amendment No. 3 Filed with Secretary by Sen. Rickey R. Hendon amendment-introduction
• 2003-04-02 Senate Floor Amendment No. 3 Referred to Rules referral-committee
• 2003-04-04 Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003. reading-3
• 2003-04-08 Senate Floor Amendment No. 3 Rules Refers to Executive
• 2003-04-08 Senate Floor Amendment No. 3 Be Adopted Executive; 012-000-000 committee-passage-favorable
• 2003-04-08 Recalled to Second Reading reading-2
• 2003-04-08 Senate Floor Amendment No. 3 Adopted; Hendon amendment-passage
• 2003-04-08 Placed on Calendar Order of 3rd Reading April 8, 2003
• 2003-04-08 Third Reading - Passed; 055-000-000 reading-3, passage
• 2003-04-08 Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) amendment-failure
• 2003-04-08 Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a) amendment-failure
• 2003-04-09 Arrived in House introduction
• 2003-04-09 Placed on Calendar Order of First Reading reading-1
• 2003-04-10 Chief House Sponsor Rep. Lovana Jones
• 2003-04-14 First Reading reading-1
• 2003-04-14 Referred to Rules Committee referral-committee
• 2003-04-16 Assigned to Executive Committee referral-committee
• 2003-04-16 Added Alternate Chief Co-Sponsor Rep. Eddie Washington
• 2003-04-29 Re-assigned to Consumer Protection Committee referral-committee
• 2003-05-02 Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
• 2003-05-09 Do Pass / Short Debate Consumer Protection Committee; 007-000-000 committee-passage
• 2003-05-09 Placed on Calendar 2nd Reading - Short Debate
• 2003-05-13 Added Alternate Chief Co-Sponsor Rep. Art Tenhouse
• 2003-05-13 Added Alternate Co-Sponsor Rep. Robert Rita
• 2003-05-13 Added Alternate Co-Sponsor Rep. Annazette Collins
• 2003-05-13 Added Alternate Co-Sponsor Rep. Charles E. Jefferson
• 2003-05-14 Second Reading - Short Debate reading-2
• 2003-05-14 Placed on Calendar Order of 3rd Reading - Short Debate
• 2003-05-14 Added Alternate Chief Co-Sponsor Rep. Monique D. Davis
• 2003-05-21 Third Reading - Short Debate - Passed 116-000-000 reading-3, passage
• 2003-05-21 Passed Both Houses
• 2003-05-28 Added Alternate Co-Sponsor Rep. Wyvetter H. Younge
• 2003-06-19 Sent to the Governor executive-receipt
• 2003-07-22 Governor Approved executive-signature
• 2003-07-22 Effective Date January 1, 2004
• 2003-07-22 Public Act . . . . . . . . . 93-0287 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/32ac6b23-5b57-40ef-bfa2-e8c46bf9803e. Confidence: reported (aggregated from official Illinois legislature records).