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republic-os/legislation/us/states/il/96th/sb-1332.md
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Fabio 5941153bb7 Legislation: batch B — IL IN KS KY LA MA MD ME MI MN 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:27:20 -04:00

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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 FIN REG-AFFILIATES Amends the Corporate Fiduciary Act. Adds provisions concerning investments and participation by affiliates of any bank or trust company acting in its fiduciary capacity. Provides that any bank or trust company may purchase services or products from an affiliate, provided that the purchase is otherwise prudent and not prohibited by the instrument governing the fiduciary relationship. Provides that the compensation for the service or product may be in addition to the compensation that the bank or trust company or its affiliate is otherwise entitled as a fiduciary. Provides that the bank or trust company must disclose, in a specified manner, any purchase authorized by the new provisions. Provides that the new provisions apply to any bank or trust company doing banking or trust business in this State, including any national bank or national trust company or any of its affiliates. us/states/il Illinois General Assembly 96th SB 1332 Illinois SB 1332 (96th)
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3 46 3 2009-02-10 2010-07-29 openstates ocd-bill/4d23cd5c-1a40-459e-8fea-7443e7e1f7c6 http://ilga.gov/legislation/BillStatus.asp?DocNum=1332&GAID=10&DocTypeID=SB&LegId=42428&SessionID=76&GA=96 2580ce0be1519734871c92ce1ac3d0f2dadf5b1b8b5c9887bda7bd7dc4cd7fb8 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
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us-il

Illinois SB 1332 (96th) — FIN REG-AFFILIATES

Amends the Corporate Fiduciary Act. Adds provisions concerning investments and participation by affiliates of any bank or trust company acting in its fiduciary capacity. Provides that any bank or trust company may purchase services or products from an affiliate, provided that the purchase is otherwise prudent and not prohibited by the instrument governing the fiduciary relationship. Provides that the compensation for the service or product may be in addition to the compensation that the bank or trust company or its affiliate is otherwise entitled as a fiduciary. Provides that the bank or trust company must disclose, in a specified manner, any purchase authorized by the new provisions. Provides that the new provisions apply to any bank or trust company doing banking or trust business in this State, including any national bank or national trust company or any of its affiliates.

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

  • Concurrence — 57–0 (pass) · upper
  • Third Reading — 117–0 (pass) · lower
  • Third Reading — 56–0 (pass) · upper

Sponsors

  • Kirk W. Dillard — primary (person)

Timeline

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

  • 2009-02-10 Filed with Secretary by Sen. Kirk W. Dillard filing
  • 2009-02-10 First Reading reading-1
  • 2009-02-10 Referred to Assignments referral-committee
  • 2009-02-18 Assigned to Financial Institutions referral-committee
  • 2009-02-26 Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
  • 2009-02-27 Do Pass Financial Institutions; 011-000-000 committee-passage
  • 2009-02-27 Placed on Calendar Order of 2nd Reading March 4, 2009
  • 2009-03-05 Second Reading reading-2
  • 2009-03-05 Placed on Calendar Order of 3rd Reading March 6, 2009
  • 2009-03-26 Added as Chief Co-Sponsor Sen. Donne E. Trotter
  • 2009-03-26 Third Reading - Passed; 056-000-000 reading-3, passage
  • 2009-03-26 Arrived in House introduction
  • 2009-03-26 Placed on Calendar Order of First Reading reading-1
  • 2009-04-02 Chief House Sponsor Rep. Mark H. Beaubien, Jr.
  • 2009-04-02 First Reading reading-1
  • 2009-04-02 Referred to Rules Committee referral-committee
  • 2009-04-14 Assigned to Executive Committee referral-committee
  • 2009-05-08 Rule 19(a) / Re-referred to Rules Committee referral-committee
  • 2010-04-26 Alternate Chief Sponsor Changed to Rep. Franco Coladipietro
  • 2010-04-26 Final Action Deadline Extended-9(b) May 7, 2010
  • 2010-04-26 Assigned to Higher Education Committee referral-committee
  • 2010-05-03 House Committee Amendment No. 1 Filed with Clerk by Higher Education Committee amendment-introduction
  • 2010-05-03 House Committee Amendment No. 1 Adopted in Higher Education Committee; by Voice Vote amendment-passage
  • 2010-05-03 Do Pass as Amended / Short Debate Higher Education Committee; 004-000-000 committee-passage
  • 2010-05-03 Placed on Calendar 2nd Reading - Short Debate
  • 2010-05-03 Second Reading - Short Debate reading-2
  • 2010-05-03 Held on Calendar Order of Second Reading - Short Debate reading-2
  • 2010-05-04 Added Alternate Chief Co-Sponsor Rep. Jay C. Hoffman
  • 2010-05-04 Added Alternate Chief Co-Sponsor Rep. Kevin A. McCarthy
  • 2010-05-04 Added Alternate Chief Co-Sponsor Rep. Robert Rita
  • 2010-05-04 Added Alternate Chief Co-Sponsor Rep. William D. Burns
  • 2010-05-04 Second Reading - Short Debate reading-2
  • 2010-05-04 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2010-05-05 Third Reading - Short Debate - Passed 117-000-000 reading-3, passage
  • 2010-05-05 Secretary's Desk - Concurrence House Amendment(s) 1
  • 2010-05-05 Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 6, 2010
  • 2010-05-06 House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Kirk W. Dillard filing
  • 2010-05-06 House Committee Amendment No. 1 Motion to Concur Referred to Assignments referral-committee
  • 2010-05-07 House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive referral-committee
  • 2010-05-07 House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 012-000-000
  • 2010-05-07 House Committee Amendment No. 1 Senate Concurs 057-000-000
  • 2010-05-07 Passed Both Houses
  • 2010-06-04 Sent to the Governor executive-receipt
  • 2010-07-29 Governor Approved executive-signature
  • 2010-07-29 Effective Date July 29, 2010
  • 2010-07-29 Public Act . . . . . . . . . 96-1391 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/4d23cd5c-1a40-459e-8fea-7443e7e1f7c6. Confidence: reported (aggregated from official Illinois legislature records).

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