republic-os/legislation/us/states/il/95th/hb-744.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	BANKING-REGULATIONS	Amends the Illinois Banking Act. Provides that a state bank and its subsidiaries in compliance with Regulation W promulgated by the Board of Governors of the Federal Reserve shall be deemed to be in compliance with certain provisions of the Act concerning limitations on investments in and loans to affiliates. Amends the Banking Emergencies Act. Provides that, whenever the Commissioner becomes aware that an emergency exists, or is impending, he or she may, by proclamation, authorize any bank organized under the laws of another state, or of the United States, to open and operate offices in the State and to remain open until the Commissioner declares, by further proclamation, that the emergency or impending emergency has ended. Amends the Financial Institutions Electronic Documents and Digital Signature Act. For purposes of the Act, defines "financial institution" to include subsidiaries and affiliates of banks, savings and loan associations, savings banks, and credit unions. Provides that if a financial institution is required by law to provide or make available certain information in writing to consumers, provides that the use of an electronic record to provide or make available that information satisfies the writing requirement if the consumer consents and if certain notices are provided. Provides that oral communication or recording of oral communication does not qualify as an electronic record. Contains other provisions concerning the rights of consumers, the effect of failure to obtain electronic consent or confirmation of consent, the effect of withdrawal of consent, and prior consent. Effective immediately.	us/states/il	Illinois General Assembly	95th	HB 744	Illinois HB 744 (95th)	bill		enacted		3	36	2	2007-02-07	2007-08-13	openstates	ocd-bill/47542a36-a245-42fc-a8f5-55ee2d75194d	http://ilga.gov/legislation/BillStatus.asp?DocNum=744&GAID=9&DocTypeID=HB&LegId=28039&SessionID=51&GA=95	c274e5da738769cfbe1b296fd2ca44e4039c207bba5c74b19c864dbc8183d586	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois HB 744 (95th) — BANKING-REGULATIONS

Amends the Illinois Banking Act. Provides that a state bank and its subsidiaries in compliance with Regulation W promulgated by the Board of Governors of the Federal Reserve shall be deemed to be in compliance with certain provisions of the Act concerning limitations on investments in and loans to affiliates. Amends the Banking Emergencies Act. Provides that, whenever the Commissioner becomes aware that an emergency exists, or is impending, he or she may, by proclamation, authorize any bank organized under the laws of another state, or of the United States, to open and operate offices in the State and to remain open until the Commissioner declares, by further proclamation, that the emergency or impending emergency has ended. Amends the Financial Institutions Electronic Documents and Digital Signature Act. For purposes of the Act, defines "financial institution" to include subsidiaries and affiliates of banks, savings and loan associations, savings banks, and credit unions. Provides that if a financial institution is required by law to provide or make available certain information in writing to consumers, provides that the use of an electronic record to provide or make available that information satisfies the writing requirement if the consumer consents and if certain notices are provided. Provides that oral communication or recording of oral communication does not qualify as an electronic record. Contains other provisions concerning the rights of consumers, the effect of failure to obtain electronic consent or confirmation of consent, the effect of withdrawal of consent, and prior consent. 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 — 56–0 (pass) · upper
• Third Reading — 109–0 (pass) · lower

Sponsors

• John A. Fritchey — primary (person)

Timeline

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

• 2007-02-07 Filed with the Clerk by Rep. John A. Fritchey filing
• 2007-02-07 First Reading reading-1
• 2007-02-07 Referred to Rules Committee referral-committee
• 2007-02-13 Added Chief Co-Sponsor Rep. Mike Boland
• 2007-02-13 Added Chief Co-Sponsor Rep. Angelo Saviano
• 2007-02-13 Added Chief Co-Sponsor Rep. Sara Feigenholtz
• 2007-02-13 Added Chief Co-Sponsor Rep. Elizabeth Coulson
• 2007-02-15 Assigned to Financial Institutions Committee referral-committee
• 2007-02-21 Added Co-Sponsor Rep. Aaron Schock
• 2007-02-21 Added Co-Sponsor Rep. Thomas Holbrook
• 2007-02-21 Added Co-Sponsor Rep. Patricia R. Bellock
• 2007-02-21 Do Pass / Short Debate Financial Institutions Committee; 020-000-000 committee-passage
• 2007-02-22 Placed on Calendar 2nd Reading - Short Debate
• 2007-02-22 Added Co-Sponsor Rep. Joseph M. Lyons
• 2007-02-22 Added Co-Sponsor Rep. Monique D. Davis
• 2007-02-23 Second Reading - Short Debate reading-2
• 2007-02-23 Placed on Calendar Order of 3rd Reading - Short Debate
• 2007-03-02 Third Reading - Short Debate - Passed 109-000-001 reading-3, passage
• 2007-03-06 Arrive in Senate introduction
• 2007-03-06 Placed on Calendar Order of First Reading reading-1
• 2007-03-06 Chief Senate Sponsor Sen. Don Harmon
• 2007-03-06 First Reading reading-1
• 2007-03-06 Referred to Rules referral-committee
• 2007-03-30 Assigned to Financial Institutions referral-committee
• 2007-04-20 Do Pass Financial Institutions; 007-000-000 committee-passage
• 2007-04-20 Placed on Calendar Order of 2nd Reading April 24, 2007
• 2007-04-20 Added as Alternate Chief Co-Sponsor Sen. Dan Rutherford
• 2007-05-03 Second Reading reading-2
• 2007-05-03 Placed on Calendar Order of 3rd Reading May 8, 2007
• 2007-05-10 Added as Alternate Chief Co-Sponsor Sen. Mike Jacobs
• 2007-05-16 Third Reading - Passed; 056-000-000 reading-3, passage
• 2007-05-16 Passed Both Houses
• 2007-06-14 Sent to the Governor executive-receipt
• 2007-08-13 Governor Approved executive-signature
• 2007-08-13 Effective Date August 13, 2007
• 2007-08-13 Public Act . . . . . . . . . 95-0077 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/47542a36-a245-42fc-a8f5-55ee2d75194d. Confidence: reported (aggregated from official Illinois legislature records).