Fabio
86 lines
5.0 KiB
Markdown
86 lines
5.0 KiB
Markdown
---
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type: "Bill"
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title: "CURRENCY EXCHANGE-BOND REQMNT"
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description: "Amends the Currency Exchange Act. Provides that a community currency exchange licensed under the Currency Exchange Act may meet the bonding requirements of the Act by submitting evidence satisfactory to the Secretary of Financial and Professional Regulation that the licensee is covered by a blanket bond that covers multiple licensees. Requires the blanket bond to: (i) insure the licensee against loss by theft, robbery, or forgery; (ii) be issued by a bonding company authorized to do business in this State; and (iii) be in the principal sum of an amount equal to the maximum amount required for any one licensee covered by the bond."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "94th"
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identifier: "SB 1629"
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citation: "Illinois SB 1629 (94th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 26
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vote_count: 2
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first_action: "2005-02-23"
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last_action: "2005-08-10"
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source: "openstates"
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source_identifier: "ocd-bill/c7ff31b1-e3d1-4c4d-a7b7-919205c4010d"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1629&GAID=8&DocTypeID=SB&LegId=19694&SessionID=50&GA=94"
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source_hash: "97dfe863123ab52a3145c35c2033fc3f36e608ab6d319c979e4f76e667ab9a4e"
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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 1629 (94th) — CURRENCY EXCHANGE-BOND REQMNT
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Amends the Currency Exchange Act. Provides that a community currency exchange licensed under the Currency Exchange Act may meet the bonding requirements of the Act by submitting evidence satisfactory to the Secretary of Financial and Professional Regulation that the licensee is covered by a blanket bond that covers multiple licensees. Requires the blanket bond to: (i) insure the licensee against loss by theft, robbery, or forgery; (ii) be issued by a bonding company authorized to do business in this State; and (iii) be in the principal sum of an amount equal to the maximum amount required for any one licensee covered by the bond.
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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](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB1629&GA=94&SessionId=50&DocTypeId=SB&LegID=19694&DocNum=1629&GAID=8&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB1629eng&GA=94&SessionId=50&DocTypeId=SB&LegID=19694&DocNum=1629&GAID=8&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB1629enr&GA=94&SessionId=50&DocTypeId=SB&LegID=19694&DocNum=1629&GAID=8&Session=&print=true)
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## Votes
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- Third Reading — **113–0** (pass) · lower
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- Third Reading — **57–0** (pass) · upper
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## Sponsors
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- Dave Sullivan — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2005-02-23** Filed with Secretary by Sen. Dave Sullivan `filing`
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- **2005-02-23** First Reading `reading-1`
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- **2005-02-23** Referred to Rules `referral-committee`
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- **2005-03-09** Assigned to Financial Institutions `referral-committee`
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- **2005-03-17** Do Pass Financial Institutions; 008-000-000 `committee-passage`
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- **2005-03-17** Placed on Calendar Order of 2nd Reading April 6, 2005
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- **2005-04-07** Second Reading `reading-2`
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- **2005-04-07** Placed on Calendar Order of 3rd Reading April 8, 2005
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- **2005-04-08** Third Reading - Passed; 057-000-000 `reading-3, passage`
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- **2005-04-08** Arrived in House `introduction`
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- **2005-04-08** Placed on Calendar Order of First Reading `reading-1`
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- **2005-04-08** Chief House Sponsor Rep. Joseph M. Lyons
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- **2005-04-08** First Reading `reading-1`
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- **2005-04-08** Referred to Rules Committee `referral-committee`
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- **2005-04-20** Assigned to Executive Committee `referral-committee`
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- **2005-05-03** Re-assigned to Financial Institutions Committee `referral-committee`
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- **2005-05-10** Do Pass / Short Debate Financial Institutions Committee; 023-000-000 `committee-passage`
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- **2005-05-11** Placed on Calendar 2nd Reading - Short Debate
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- **2005-05-19** Second Reading - Short Debate `reading-2`
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- **2005-05-19** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2005-05-20** Third Reading - Short Debate - Passed 113-000-000 `reading-3, passage`
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- **2005-05-20** Passed Both Houses
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- **2005-06-17** Sent to the Governor `executive-receipt`
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- **2005-08-10** Governor Approved `executive-signature`
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- **2005-08-10** Effective Date January 1, 2006
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- **2005-08-10** Public Act . . . . . . . . . 94-0538 `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/c7ff31b1-e3d1-4c4d-a7b7-919205c4010d`. Confidence: reported (aggregated from official Illinois legislature records).
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