Fabio
111 lines
8.8 KiB
Markdown
111 lines
8.8 KiB
Markdown
---
|
||
type: "Bill"
|
||
title: "REPEAL SAVINGS AND LOAN ACT"
|
||
description: "Repeals the Illinois Savings and Loan Act of 1985. Amends the Savings Bank Act. Deletes the definition of \"impairment\" and related provisions and defines \"out-of-state savings bank\". Adds provisions regarding the deposit of moneys into the Savings Bank Regulatory Fund. Adds an Article concerning the effect of the repeal of the Illinois Savings and Loan Act of 1985 and an Article that establishes the Board of Savings Banks and creates provisions concerning appointment to the Board, the organization of the Board, meetings of the Board, and the powers of the Board. Amends the Corporate Fiduciary Act. Provides that the Secretary of Financial and Professional Regulation or any person appointed as a receiver shall have all the powers, rights, and privileges as the Federal Deposit Insurance Corporation. Amends the State Finance Act. Changes the name of the Savings and Residential Finance Regulatory Fund to the Residential Finance Regulatory Fund and changes the name of the Savings Bank Institutions Regulatory Fund to the Savings Bank Regulatory Fund. Amends the Illinois Banking Act. Provides that the Secretary of Financial and Professional Regulation or any person appointed as a receiver shall have all the powers, rights, and privileges as the Federal Deposit Insurance Corporation. Amends the Residential Mortgage License Act of 1987. Deletes provisions concerning the Commissioner of Banks and Real Estate. Makes other changes."
|
||
jurisdiction: "us/states/il"
|
||
legislature: "Illinois General Assembly"
|
||
session: "98th"
|
||
identifier: "HB 5685"
|
||
citation: "Illinois HB 5685 (98th)"
|
||
classification: ["bill"]
|
||
subjects: []
|
||
status: "enacted"
|
||
primary_sponsors: []
|
||
version_count: 3
|
||
action_count: 49
|
||
vote_count: 3
|
||
first_action: "2014-02-14"
|
||
last_action: "2014-08-26"
|
||
source: "openstates"
|
||
source_identifier: "ocd-bill/94bfc1ab-bd17-4430-b0db-1f2646859d98"
|
||
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=5685&GAID=12&DocTypeID=HB&LegId=80853&SessionID=85&GA=98"
|
||
source_hash: "3881dbd854ee97b87a016c7f7b69a2f11703e418fb4d36325155bcf8c56b74f5"
|
||
vintage: "2026-07-01"
|
||
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
|
||
retrieved_at: "2026-07-06"
|
||
confidence: "reported"
|
||
tags: ["legislation", "bill", "us-il"]
|
||
---
|
||
|
||
# Illinois HB 5685 (98th) — REPEAL SAVINGS AND LOAN ACT
|
||
|
||
Repeals the Illinois Savings and Loan Act of 1985. Amends the Savings Bank Act. Deletes the definition of "impairment" and related provisions and defines "out-of-state savings bank". Adds provisions regarding the deposit of moneys into the Savings Bank Regulatory Fund. Adds an Article concerning the effect of the repeal of the Illinois Savings and Loan Act of 1985 and an Article that establishes the Board of Savings Banks and creates provisions concerning appointment to the Board, the organization of the Board, meetings of the Board, and the powers of the Board. Amends the Corporate Fiduciary Act. Provides that the Secretary of Financial and Professional Regulation or any person appointed as a receiver shall have all the powers, rights, and privileges as the Federal Deposit Insurance Corporation. Amends the State Finance Act. Changes the name of the Savings and Residential Finance Regulatory Fund to the Residential Finance Regulatory Fund and changes the name of the Savings Bank Institutions Regulatory Fund to the Savings Bank Regulatory Fund. Amends the Illinois Banking Act. Provides that the Secretary of Financial and Professional Regulation or any person appointed as a receiver shall have all the powers, rights, and privileges as the Federal Deposit Insurance Corporation. Amends the Residential Mortgage License Act of 1987. Deletes provisions concerning the Commissioner of Banks and Real Estate. Makes other changes.
|
||
|
||
## Version chain
|
||
|
||
The bill's text revisions, in order — the diff chain from filing to enrollment.
|
||
|
||
1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB5685&GA=98&SessionId=85&DocTypeId=HB&LegID=80853&DocNum=5685&GAID=12&Session=&print=true)
|
||
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB5685eng&GA=98&SessionId=85&DocTypeId=HB&LegID=80853&DocNum=5685&GAID=12&Session=&print=true)
|
||
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09800HB5685enr&GA=98&SessionId=85&DocTypeId=HB&LegID=80853&DocNum=5685&GAID=12&Session=&print=true)
|
||
|
||
## Votes
|
||
|
||
- Third Reading — **112–0** (pass) · lower
|
||
- Concurrence, Amendment 1 — **113–0** (pass) · lower
|
||
- Third Reading — **56–0** (pass) · upper
|
||
|
||
## Sponsors
|
||
|
||
- Maria Antonia Berrios — primary (person)
|
||
- Martin A. Sandoval — cosponsor (person)
|
||
|
||
## Timeline
|
||
|
||
The legislative action history — every referral, reading, and vote.
|
||
|
||
- **2014-02-14** Filed with the Clerk by Rep. Maria Antonia Berrios `filing`
|
||
- **2014-02-14** First Reading `reading-1`
|
||
- **2014-02-14** Referred to Rules Committee `referral-committee`
|
||
- **2014-03-19** Assigned to Financial Institutions Committee `referral-committee`
|
||
- **2014-03-20** House Committee Amendment No. 1 Filed with Clerk by Rep. Maria Antonia Berrios `amendment-introduction`
|
||
- **2014-03-20** House Committee Amendment No. 1 Referred to Rules Committee `referral-committee`
|
||
- **2014-03-21** House Committee Amendment No. 2 Filed with Clerk by Rep. Maria Antonia Berrios `amendment-introduction`
|
||
- **2014-03-21** House Committee Amendment No. 2 Referred to Rules Committee `referral-committee`
|
||
- **2014-03-24** House Committee Amendment No. 1 Rules Refers to Financial Institutions Committee
|
||
- **2014-03-25** House Committee Amendment No. 2 Rules Refers to Financial Institutions Committee
|
||
- **2014-03-25** House Committee Amendment No. 1 Adopted in Financial Institutions Committee; by Voice Vote `amendment-passage`
|
||
- **2014-03-25** House Committee Amendment No. 2 Adopted in Financial Institutions Committee; by Voice Vote `amendment-passage`
|
||
- **2014-03-25** Do Pass as Amended / Short Debate Financial Institutions Committee; 013-000-000 `committee-passage`
|
||
- **2014-03-26** Placed on Calendar 2nd Reading - Short Debate
|
||
- **2014-03-27** Second Reading - Short Debate `reading-2`
|
||
- **2014-03-27** Placed on Calendar Order of 3rd Reading - Short Debate
|
||
- **2014-04-02** Added Chief Co-Sponsor Rep. Rich Brauer
|
||
- **2014-04-02** Third Reading - Short Debate - Passed 112-000-001 `reading-3, passage`
|
||
- **2014-04-02** Arrive in Senate `introduction`
|
||
- **2014-04-02** Placed on Calendar Order of First Reading April 3, 2014 `reading-1`
|
||
- **2014-04-02** Chief Senate Sponsor Sen. Jacqueline Y. Collins
|
||
- **2014-04-03** First Reading `reading-1`
|
||
- **2014-04-03** Referred to Assignments `referral-committee`
|
||
- **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
|
||
- **2014-05-13** Second Reading `reading-2`
|
||
- **2014-05-13** Placed on Calendar Order of 3rd Reading May 14, 2014
|
||
- **2014-05-20** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins `amendment-introduction`
|
||
- **2014-05-20** Senate Floor Amendment No. 1 Referred to Assignments `referral-committee`
|
||
- **2014-05-20** Senate Floor Amendment No. 1 Be Approved for Consideration Assignments
|
||
- **2014-05-22** Recalled to Second Reading `reading-2`
|
||
- **2014-05-22** Senate Floor Amendment No. 1 Adopted; Collins `amendment-passage`
|
||
- **2014-05-22** Placed on Calendar Order of 3rd Reading
|
||
- **2014-05-22** Added as Alternate Co-Sponsor Sen. Martin A. Sandoval
|
||
- **2014-05-22** Third Reading - Passed; 056-000-000 `reading-3, passage`
|
||
- **2014-05-22** Arrived in House `introduction`
|
||
- **2014-05-22** Placed on Calendar Order of Concurrence Senate Amendment(s) 1
|
||
- **2014-05-23** Senate Floor Amendment No. 1 Motion Filed Concur Rep. Maria Antonia Berrios
|
||
- **2014-05-23** Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee `referral-committee`
|
||
- **2014-05-26** Senate Floor Amendment No. 1 Motion to Concur Rules Referred to Financial Institutions Committee `referral-committee`
|
||
- **2014-05-28** Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Financial Institutions Committee; 009-000-000
|
||
- **2014-05-29** Senate Floor Amendment No. 1 House Concurs 113-000-002
|
||
- **2014-05-29** House Concurs
|
||
- **2014-05-29** Passed Both Houses
|
||
- **2014-06-27** Sent to the Governor `executive-receipt`
|
||
- **2014-08-26** Governor Approved `executive-signature`
|
||
- **2014-08-26** Effective Date January 1, 2015
|
||
- **2014-08-26** Public Act . . . . . . . . . 98-1081 `became-law`
|
||
|
||
## Source
|
||
|
||
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/94bfc1ab-bd17-4430-b0db-1f2646859d98`. Confidence: reported (aggregated from official Illinois legislature records).
|
||
|