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/99th/hb-3429.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

14 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 INTRASTATE OFFERINGS EXEMPTION Amends the Illinois Securities Law of 1953. Creates an exemption from certain filing and registration requirements under the Act for intrastate securities offerings that meet certain conditions, including that (1) the offering meets all of the requirements of the federal exemption for intrastate offerings provided under the Securities Act of 1933; (2) the aggregate purchase price of all securities sold by an issuer within any 12-month period does not exceed: (i) $3,000,000; or (ii) $5,000,000 if the issuer has undergone and made available certain financial statements to specified persons; and (3) the aggregate amount sold to any purchaser in an offering of securities made within any consecutive 12-month period does not exceed certain monetary limitations. Provides that an issuer may make an offering or sale of securities through the use of one or more qualified Internet portals, subject to certain requirements, including that (i) the Internet portal shall at all times be owned by a corporation or other legal entity which is either organized under the laws of, or is otherwise qualified to do business in, this State; (ii) the Internet portal shall establish and maintain commercially reasonable measures to limit access to any information concerning an offering or sale of the subject securities to residents of this State; and (iii) the Internet portal shall establish and maintain a secure method of communication through the Internet portal itself that will permit potential investors to communicate with one another and with representatives of the issuer about the offering. Requires the Secretary of State to collect a $100 fee for securities offered or sold under the exemption created under this amendatory Act; and a $300 fee for the registration and renewal of a qualified Internet portal. Defines terms. us/states/il Illinois General Assembly 99th HB 3429 Illinois HB 3429 (99th)
bill
enacted
3 110 2 2015-02-26 2015-07-29 openstates ocd-bill/88b41f0c-da95-4011-a6a8-86be1b72acc4 http://ilga.gov/legislation/BillStatus.asp?DocNum=3429&GAID=13&DocTypeID=HB&LegId=89614&SessionID=88&GA=99 36b336affb4b236c6ddeca14aa5e8ff5ae1c05ad3599be17db9e5e8e7a8280cb 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-il

Illinois HB 3429 (99th) — INTRASTATE OFFERINGS EXEMPTION

Amends the Illinois Securities Law of 1953. Creates an exemption from certain filing and registration requirements under the Act for intrastate securities offerings that meet certain conditions, including that (1) the offering meets all of the requirements of the federal exemption for intrastate offerings provided under the Securities Act of 1933; (2) the aggregate purchase price of all securities sold by an issuer within any 12-month period does not exceed: (i) $3,000,000; or (ii) $5,000,000 if the issuer has undergone and made available certain financial statements to specified persons; and (3) the aggregate amount sold to any purchaser in an offering of securities made within any consecutive 12-month period does not exceed certain monetary limitations. Provides that an issuer may make an offering or sale of securities through the use of one or more qualified Internet portals, subject to certain requirements, including that (i) the Internet portal shall at all times be owned by a corporation or other legal entity which is either organized under the laws of, or is otherwise qualified to do business in, this State; (ii) the Internet portal shall establish and maintain commercially reasonable measures to limit access to any information concerning an offering or sale of the subject securities to residents of this State; and (iii) the Internet portal shall establish and maintain a secure method of communication through the Internet portal itself that will permit potential investors to communicate with one another and with representatives of the issuer about the offering. Requires the Secretary of State to collect a $100 fee for securities offered or sold under the exemption created under this amendatory Act; and a $300 fee for the registration and renewal of a qualified Internet portal. Defines terms.

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 — 105–0 (pass) · lower
  • Third Reading — 58–0 (pass) · upper

Sponsors

  • Bill Cunningham — cosponsor (person)
  • Carol Sente — primary (person)
  • Chapin Rose — cosponsor (person)
  • Chris Nybo — cosponsor (person)
  • Dan Duffy — cosponsor (person)
  • Dave Syverson — cosponsor (person)
  • David Koehler — cosponsor (person)
  • Heather A. Steans — cosponsor (person)
  • Jacqueline Y. Collins — cosponsor (person)
  • Jason A. Barickman — cosponsor (person)
  • John G. Mulroe — cosponsor (person)
  • Julie A. Morrison — cosponsor (person)
  • Kyle McCarter — cosponsor (person)
  • Matt Murphy — cosponsor (person)
  • Michael Noland — cosponsor (person)
  • Napoleon Harris, III — cosponsor (person)
  • Neil Anderson — cosponsor (person)
  • Pamela J. Althoff — cosponsor (person)
  • Pat McGuire — cosponsor (person)
  • Tim Bivins — cosponsor (person)
  • William Delgado — cosponsor (person)

Timeline

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

  • 2015-02-26 Filed with the Clerk by Rep. Carol Sente filing
  • 2015-02-26 First Reading reading-1
  • 2015-02-26 Referred to Rules Committee referral-committee
  • 2015-03-05 Added Chief Co-Sponsor Rep. Tom Demmer
  • 2015-03-05 Added Chief Co-Sponsor Rep. Elgie R. Sims, Jr.
  • 2015-03-10 Assigned to Judiciary - Civil Committee referral-committee
  • 2015-03-10 Added Chief Co-Sponsor Rep. Anna Moeller
  • 2015-03-10 Added Chief Co-Sponsor Rep. Brian W. Stewart
  • 2015-03-10 Added Co-Sponsor Rep. David McSweeney
  • 2015-03-10 Added Co-Sponsor Rep. Ed Sullivan
  • 2015-03-10 Added Co-Sponsor Rep. Ron Sandack
  • 2015-03-10 Added Co-Sponsor Rep. Dwight Kay
  • 2015-03-10 Added Co-Sponsor Rep. Keith R. Wheeler
  • 2015-03-10 Added Co-Sponsor Rep. André Thapedi
  • 2015-03-10 Added Co-Sponsor Rep. Katherine Cloonen
  • 2015-03-10 Added Co-Sponsor Rep. Michael J. Zalewski
  • 2015-03-10 Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
  • 2015-03-10 Added Co-Sponsor Rep. Marcus C. Evans, Jr.
  • 2015-03-10 Added Co-Sponsor Rep. Laura Fine
  • 2015-03-10 Added Co-Sponsor Rep. Linda Chapa LaVia
  • 2015-03-11 Added Co-Sponsor Rep. Jerry Costello, II
  • 2015-03-11 Added Co-Sponsor Rep. Patrick J. Verschoore
  • 2015-03-11 Added Co-Sponsor Rep. Brandon W. Phelps
  • 2015-03-11 Added Co-Sponsor Rep. Emanuel Chris Welch
  • 2015-03-11 Added Co-Sponsor Rep. La Shawn K. Ford
  • 2015-03-11 Added Co-Sponsor Rep. Jay Hoffman
  • 2015-03-11 Added Co-Sponsor Rep. Patricia R. Bellock
  • 2015-03-11 Added Co-Sponsor Rep. Reginald Phillips
  • 2015-03-11 Added Co-Sponsor Rep. John C. D'Amico
  • 2015-03-11 Added Co-Sponsor Rep. Joe Sosnowski
  • 2015-03-11 Added Co-Sponsor Rep. Robert Martwick
  • 2015-03-17 House Committee Amendment No. 1 Filed with Clerk by Rep. Carol Sente amendment-introduction
  • 2015-03-17 House Committee Amendment No. 1 Referred to Rules Committee referral-committee
  • 2015-03-17 Added Co-Sponsor Rep. Ann M. Williams
  • 2015-03-17 Added Co-Sponsor Rep. Jack D. Franks
  • 2015-03-18 House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
  • 2015-03-18 Do Pass / Short Debate Judiciary - Civil Committee; 010-000-000 committee-passage
  • 2015-03-18 House Committee Amendment No. 1 Tabled Pursuant to Rule 40 amendment-failure
  • 2015-03-18 Placed on Calendar 2nd Reading - Short Debate
  • 2015-03-18 House Floor Amendment No. 2 Filed with Clerk by Rep. Carol Sente amendment-introduction
  • 2015-03-18 House Floor Amendment No. 2 Referred to Rules Committee referral-committee
  • 2015-03-18 Added Co-Sponsor Rep. Steven A. Andersson
  • 2015-03-18 Added Co-Sponsor Rep. Grant Wehrli
  • 2015-03-18 Added Co-Sponsor Rep. Michael P. McAuliffe
  • 2015-03-18 Added Co-Sponsor Rep. Thomas Morrison
  • 2015-03-18 Added Co-Sponsor Rep. Pamela Reaves-Harris
  • 2015-03-19 House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 003-000-000 committee-passage-favorable
  • 2015-03-19 Added Co-Sponsor Rep. Anthony DeLuca
  • 2015-03-19 Added Co-Sponsor Rep. Sam Yingling
  • 2015-03-19 Added Co-Sponsor Rep. Camille Y. Lilly
  • 2015-03-19 Added Co-Sponsor Rep. Mike Smiddy
  • 2015-03-19 Added Co-Sponsor Rep. Robyn Gabel
  • 2015-03-19 Added Co-Sponsor Rep. Deb Conroy
  • 2015-03-19 Added Co-Sponsor Rep. Stephanie A. Kifowit
  • 2015-03-19 Added Co-Sponsor Rep. Michelle Mussman
  • 2015-03-19 Added Co-Sponsor Rep. Peter Breen
  • 2015-03-19 Added Co-Sponsor Rep. Martin J. Moylan
  • 2015-03-25 Added Co-Sponsor Rep. Christian L. Mitchell
  • 2015-03-26 Second Reading - Short Debate reading-2
  • 2015-03-26 Held on Calendar Order of Second Reading - Short Debate reading-2
  • 2015-03-26 House Floor Amendment No. 3 Filed with Clerk by Rep. Carol Sente amendment-introduction
  • 2015-03-26 House Floor Amendment No. 3 Referred to Rules Committee referral-committee
  • 2015-04-13 House Floor Amendment No. 3 Rules Refers to Judiciary - Civil Committee
  • 2015-04-15 House Floor Amendment No. 3 Recommends Be Adopted Judiciary - Civil Committee; 011-000-000 committee-passage-favorable
  • 2015-04-16 House Floor Amendment No. 2 Adopted amendment-passage
  • 2015-04-16 House Floor Amendment No. 3 Adopted amendment-passage
  • 2015-04-16 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2015-04-17 Third Reading - Short Debate - Passed 105-000-000 reading-3, passage
  • 2015-04-17 Added Co-Sponsor Rep. David Harris
  • 2015-04-17 Added Co-Sponsor Rep. Sara Feigenholtz
  • 2015-04-21 Arrive in Senate introduction
  • 2015-04-21 Placed on Calendar Order of First Reading reading-1
  • 2015-04-21 Chief Senate Sponsor Sen. Thomas Cullerton
  • 2015-04-21 Added as Alternate Chief Co-Sponsor Sen. Michael Connelly
  • 2015-04-21 First Reading reading-1
  • 2015-04-21 Referred to Assignments referral-committee
  • 2015-04-29 Added as Alternate Chief Co-Sponsor Sen. Martin A. Sandoval
  • 2015-04-29 Assigned to Financial Institutions referral-committee
  • 2015-04-30 Added as Alternate Chief Co-Sponsor Sen. Jennifer Bertino-Tarrant
  • 2015-04-30 Added as Alternate Chief Co-Sponsor Sen. Melinda Bush
  • 2015-04-30 Added as Alternate Co-Sponsor Sen. Chris Nybo
  • 2015-04-30 Added as Alternate Co-Sponsor Sen. Bill Cunningham
  • 2015-05-01 Added as Alternate Co-Sponsor Sen. Pat McGuire
  • 2015-05-04 Added as Alternate Co-Sponsor Sen. Dave Syverson
  • 2015-05-04 Added as Alternate Co-Sponsor Sen. John G. Mulroe
  • 2015-05-04 Added as Alternate Co-Sponsor Sen. Heather A. Steans
  • 2015-05-05 Added as Alternate Co-Sponsor Sen. Jacqueline Y. Collins
  • 2015-05-06 Added as Alternate Co-Sponsor Sen. Napoleon Harris, III
  • 2015-05-07 Added as Alternate Co-Sponsor Sen. Matt Murphy
  • 2015-05-12 Added as Alternate Co-Sponsor Sen. William Delgado
  • 2015-05-13 Added as Alternate Co-Sponsor Sen. David Koehler
  • 2015-05-13 Do Pass Financial Institutions; 009-000-000 committee-passage
  • 2015-05-13 Placed on Calendar Order of 2nd Reading May 14, 2015
  • 2015-05-18 Added as Alternate Co-Sponsor Sen. Kyle McCarter
  • 2015-05-18 Second Reading reading-2
  • 2015-05-18 Placed on Calendar Order of 3rd Reading May 19, 2015
  • 2015-05-19 Added as Alternate Co-Sponsor Sen. Michael Noland
  • 2015-05-19 Added as Alternate Co-Sponsor Sen. Jason A. Barickman
  • 2015-05-20 Added as Alternate Co-Sponsor Sen. Chapin Rose
  • 2015-05-20 Added as Alternate Co-Sponsor Sen. Neil Anderson
  • 2015-05-20 Added as Alternate Co-Sponsor Sen. Tim Bivins
  • 2015-05-20 Added as Alternate Co-Sponsor Sen. Pamela J. Althoff
  • 2015-05-20 Added as Alternate Co-Sponsor Sen. Julie A. Morrison
  • 2015-05-20 Added as Alternate Co-Sponsor Sen. Dan Duffy
  • 2015-05-20 Third Reading - Passed; 058-000-000 reading-3, passage
  • 2015-05-20 Passed Both Houses
  • 2015-06-18 Sent to the Governor executive-receipt
  • 2015-07-29 Governor Approved executive-signature
  • 2015-07-29 Effective Date January 1, 2016
  • 2015-07-29 Public Act . . . . . . . . . 99-0182 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/88b41f0c-da95-4011-a6a8-86be1b72acc4. Confidence: reported (aggregated from official Illinois legislature records).

Reference in New Issue View Git Blame Copy Permalink