Influence-Tools/republic-os
1
0
Fork 0
Code Issues Pull Requests Actions Packages Projects Releases Wiki Activity
Files
main
republic-os/legislation/us/states/il/98th/hb-5342.md
T
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

8.8 KiB
Raw Permalink Blame History

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 UNION-EXAMINATIONS Amends the Illinois Credit Union Act. Defines "charitable donation account" and provides that a credit union may establish one or more charitable donation accounts that must comply with the requirements of the Act. Further provides that the investments and purchases to fund a charitable donation account are not subject to the investment limitations of the Act and that the aggregate book value of the investments in all charitable donation accounts shall not exceed 5% of the credit union's net worth. Adds provisions establishing the procedural requirements of the Department of Financial and Professional Regulation's examination process and prescribes the requirements of the Department's examination reports. Provides that each member of the board of directors of a credit union shall have a working familiarity with basic finance and accounting practices consistent with the size and complexity of the credit union they serve. Further provides that members of the supervisory committee of a credit union shall receive training related to their duties under the Act and establishes the acceptable forms of such training. Provides that, for a renewal, refinancing, or restructuring of an existing loan that is secured by an interest in real estate, a new appraisal of the collateral shall not be required under certain circumstances. Additionally provides that a credit union may act as a representative of and enter into an agreement with other credit unions or organizations for certain purposes. Generally effective immediately, but some provisions take effect on January 1, 2015. us/states/il Illinois General Assembly 98th HB 5342 Illinois HB 5342 (98th)
bill
enacted
3 50 3 2014-02-10 2014-07-24 openstates ocd-bill/4e2cbd33-1a92-45e5-b747-04f5ebce9323 http://ilga.gov/legislation/BillStatus.asp?DocNum=5342&GAID=12&DocTypeID=HB&LegId=80124&SessionID=85&GA=98 c412f09030142902b301c9bb39ea207cec396102f4bb3c971dd93bd5bfb7849a 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-il

Illinois HB 5342 (98th) — CREDIT UNION-EXAMINATIONS

Amends the Illinois Credit Union Act. Defines "charitable donation account" and provides that a credit union may establish one or more charitable donation accounts that must comply with the requirements of the Act. Further provides that the investments and purchases to fund a charitable donation account are not subject to the investment limitations of the Act and that the aggregate book value of the investments in all charitable donation accounts shall not exceed 5% of the credit union's net worth. Adds provisions establishing the procedural requirements of the Department of Financial and Professional Regulation's examination process and prescribes the requirements of the Department's examination reports. Provides that each member of the board of directors of a credit union shall have a working familiarity with basic finance and accounting practices consistent with the size and complexity of the credit union they serve. Further provides that members of the supervisory committee of a credit union shall receive training related to their duties under the Act and establishes the acceptable forms of such training. Provides that, for a renewal, refinancing, or restructuring of an existing loan that is secured by an interest in real estate, a new appraisal of the collateral shall not be required under certain circumstances. Additionally provides that a credit union may act as a representative of and enter into an agreement with other credit unions or organizations for certain purposes. Generally effective immediately, but some provisions take effect on January 1, 2015.

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, Amendment 1 — 108–0 (pass) · lower
  • Third Reading — 56–0 (pass) · upper
  • Third Reading — 109–0 (pass) · lower

Sponsors

  • Antonio Muñoz — cosponsor (person)
  • Lou Lang — primary (person)

Timeline

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

  • 2014-02-10 Filed with the Clerk by Rep. Lou Lang filing
  • 2014-02-10 First Reading reading-1
  • 2014-02-10 Referred to Rules Committee referral-committee
  • 2014-02-13 Added Co-Sponsor Rep. Rich Brauer
  • 2014-02-20 Assigned to Financial Institutions Committee referral-committee
  • 2014-02-21 Added Chief Co-Sponsor Rep. David R. Leitch
  • 2014-02-21 Chief Co-Sponsor Changed to Rep. David R. Leitch
  • 2014-02-21 Added Chief Co-Sponsor Rep. Michael Unes
  • 2014-02-26 House Committee Amendment No. 1 Filed with Clerk by Rep. Lou Lang amendment-introduction
  • 2014-02-26 House Committee Amendment No. 1 Referred to Rules Committee referral-committee
  • 2014-03-03 House Committee Amendment No. 1 Rules Refers to Financial Institutions Committee
  • 2014-03-04 House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote amendment-passage
  • 2014-03-04 Do Pass as Amended / Short Debate Financial Institutions Committee; 015-000-000 committee-passage
  • 2014-03-05 Placed on Calendar 2nd Reading - Short Debate
  • 2014-03-19 Second Reading - Short Debate reading-2
  • 2014-03-19 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2014-03-21 Third Reading - Short Debate - Passed 109-000-001 reading-3, passage
  • 2014-03-21 Arrive in Senate introduction
  • 2014-03-21 Placed on Calendar Order of First Reading March 25, 2014 reading-1
  • 2014-03-27 Chief Senate Sponsor Sen. David Koehler
  • 2014-03-27 First Reading reading-1
  • 2014-03-27 Referred to Assignments referral-committee
  • 2014-04-04 Added as Alternate Co-Sponsor Sen. Antonio Muñoz
  • 2014-04-30 Assigned to Financial Institutions referral-committee
  • 2014-05-07 Do Pass Financial Institutions; 007-000-000 committee-passage
  • 2014-05-07 Placed on Calendar Order of 2nd Reading May 8, 2014
  • 2014-05-08 Second Reading reading-2
  • 2014-05-08 Placed on Calendar Order of 3rd Reading May 12, 2014
  • 2014-05-22 Added as Alternate Chief Co-Sponsor Sen. Linda Holmes
  • 2014-05-23 Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2014
  • 2014-05-26 Senate Floor Amendment No. 1 Filed with Secretary by Sen. Linda Holmes amendment-introduction
  • 2014-05-26 Senate Floor Amendment No. 1 Referred to Assignments referral-committee
  • 2014-05-27 Senate Floor Amendment No. 1 Be Approved for Consideration Assignments
  • 2014-05-28 Recalled to Second Reading reading-2
  • 2014-05-28 Senate Floor Amendment No. 1 Adopted; Holmes amendment-passage
  • 2014-05-28 Placed on Calendar Order of 3rd Reading
  • 2014-05-28 Added as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff
  • 2014-05-28 Third Reading - Passed; 056-000-000 reading-3, passage
  • 2014-05-28 Arrived in House introduction
  • 2014-05-28 Placed on Calendar Order of Concurrence Senate Amendment(s) 1
  • 2014-05-28 Senate Floor Amendment No. 1 Motion Filed Concur Rep. Lou Lang
  • 2014-05-28 Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee referral-committee
  • 2014-05-29 Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 004-000-000
  • 2014-05-30 Senate Floor Amendment No. 1 House Concurs 108-000-001
  • 2014-05-30 House Concurs
  • 2014-05-30 Passed Both Houses
  • 2014-06-27 Sent to the Governor executive-receipt
  • 2014-07-24 Governor Approved executive-signature
  • 2014-07-24 Effective Date July 24, 2014
  • 2014-07-24 Public Act . . . . . . . . . 98-0784 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/4e2cbd33-1a92-45e5-b747-04f5ebce9323. Confidence: reported (aggregated from official Illinois legislature records).

Reference in New Issue View Git Blame Copy Permalink