Fabio
85 lines
4.5 KiB
Markdown
85 lines
4.5 KiB
Markdown
---
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type: "Bill"
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title: "MONEY TRANSMITTER-SURETY BOND"
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description: "Amends the Transmitters of Money Act. Provides that a money transmitter applicant or a money transmitter licensee shall post a bond in the amount of $50,000 or an amount equal to 1% of all Illinois-based activity, whichever is greater (rather than the greater of $100,000 or an amount equal to the daily average of outstanding payment instruments for the preceding 12 months or operational history). Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "100th"
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identifier: "HB 4805"
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citation: "Illinois HB 4805 (100th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 25
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vote_count: 2
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first_action: "2018-02-13"
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last_action: "2018-07-27"
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source: "openstates"
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source_identifier: "ocd-bill/fc5d8d1f-702c-48c0-9548-5b16ddf83c99"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=4805&GAID=14&DocTypeID=HB&LegId=110137&SessionID=91&GA=100"
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source_hash: "5e98bc5b57e8833e8efaa00b7e017a9d2ae05e97a73dfa0f7093cf306e4855fd"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois HB 4805 (100th) — MONEY TRANSMITTER-SURETY BOND
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Amends the Transmitters of Money Act. Provides that a money transmitter applicant or a money transmitter licensee shall post a bond in the amount of $50,000 or an amount equal to 1% of all Illinois-based activity, whichever is greater (rather than the greater of $100,000 or an amount equal to the daily average of outstanding payment instruments for the preceding 12 months or operational history). Effective immediately.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4805&GA=100&SessionId=91&DocTypeId=HB&LegID=110137&DocNum=4805&GAID=14&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4805eng&GA=100&SessionId=91&DocTypeId=HB&LegID=110137&DocNum=4805&GAID=14&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10000HB4805enr&GA=100&SessionId=91&DocTypeId=HB&LegID=110137&DocNum=4805&GAID=14&Session=&print=true)
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## Votes
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- Third Reading — **52–1** (pass) · upper
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- Third Reading — **113–0** (pass) · lower
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## Sponsors
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- David S. Olsen — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-02-13** Filed with the Clerk by Rep. David S. Olsen `filing`
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- **2018-02-14** First Reading `reading-1`
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- **2018-02-14** Referred to Rules Committee `referral-committee`
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- **2018-02-26** Assigned to Financial Institutions Committee `referral-committee`
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- **2018-03-06** Do Pass / Short Debate Financial Institutions Committee; 008-000-000 `committee-passage`
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- **2018-03-08** Placed on Calendar 2nd Reading - Short Debate
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- **2018-04-10** Second Reading - Short Debate `reading-2`
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- **2018-04-10** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2018-04-11** Third Reading - Short Debate - Passed 113-000-000 `reading-3, passage`
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- **2018-04-12** Arrive in Senate `introduction`
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- **2018-04-12** Placed on Calendar Order of First Reading `reading-1`
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- **2018-04-12** Chief Senate Sponsor Sen. Chapin Rose
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- **2018-04-12** First Reading `reading-1`
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- **2018-04-12** Referred to Assignments `referral-committee`
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- **2018-04-25** Assigned to Financial Institutions `referral-committee`
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- **2018-05-02** Do Pass Financial Institutions; 006-000-000 `committee-passage`
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- **2018-05-02** Placed on Calendar Order of 2nd Reading May 3, 2018
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- **2018-05-10** Second Reading `reading-2`
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- **2018-05-10** Placed on Calendar Order of 3rd Reading May 15, 2018
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- **2018-05-17** Third Reading - Passed; 052-001-000 `reading-3, passage`
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- **2018-05-17** Passed Both Houses
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- **2018-06-15** Sent to the Governor `executive-receipt`
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- **2018-07-27** Governor Approved `executive-signature`
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- **2018-07-27** Effective Date July 27, 2018
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- **2018-07-27** Public Act . . . . . . . . . 100-0640 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/fc5d8d1f-702c-48c0-9548-5b16ddf83c99`. Confidence: reported (aggregated from official Illinois legislature records).
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