Fabio
115 lines
7.1 KiB
Markdown
115 lines
7.1 KiB
Markdown
---
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type: "Bill"
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title: "CREDIT CARD ISSUANCE-INT RATE"
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description: "Amends the Credit Card Issuance Act. Provides that a credit card issuer who offers to an Illinois resident a credit card with a fixed annual percentage rate may not increase the annual percentage rate or rates of interest applicable to that credit card account, or prematurely remove or increase any introductory annual percentage rate or rates of interest applicable to the account, for reasons other than actions or omissions of the card holder that are directly related to the account and that are clearly and conspicuously described to the card holder at the time the credit card is issued. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "93rd"
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identifier: "SB 1116"
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citation: "Illinois SB 1116 (93rd)"
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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: 51
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vote_count: 2
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first_action: "2003-02-20"
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last_action: "2003-07-22"
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source: "openstates"
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source_identifier: "ocd-bill/32ac6b23-5b57-40ef-bfa2-e8c46bf9803e"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1116&GAID=3&DocTypeID=SB&LegId=4936&SessionID=3&GA=93"
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source_hash: "a5ff5d8ea609fd00ec27dc3d878ac66d365aa22a211557548ba91490ab078ef6"
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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 SB 1116 (93rd) — CREDIT CARD ISSUANCE-INT RATE
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Amends the Credit Card Issuance Act. Provides that a credit card issuer who offers to an Illinois resident a credit card with a fixed annual percentage rate may not increase the annual percentage rate or rates of interest applicable to that credit card account, or prematurely remove or increase any introductory annual percentage rate or rates of interest applicable to the account, for reasons other than actions or omissions of the card holder that are directly related to the account and that are clearly and conspicuously described to the card holder at the time the credit card is issued. 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=09300SB1116&GA=93&SessionId=3&DocTypeId=SB&LegID=4936&DocNum=1116&GAID=3&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB1116eng&GA=93&SessionId=3&DocTypeId=SB&LegID=4936&DocNum=1116&GAID=3&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB1116enr&GA=93&SessionId=3&DocTypeId=SB&LegID=4936&DocNum=1116&GAID=3&Session=&print=true)
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## Votes
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- Third Reading — **55–0** (pass) · upper
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- Third Reading — **116–0** (pass) · lower
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## Sponsors
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- Annazette Collins — cosponsor (person)
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- Charles E. Jefferson — cosponsor (person)
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- Rickey R. Hendon — primary (person)
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- Robert Rita — cosponsor (person)
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- Wyvetter H. Younge — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2003-02-20** Filed with Secretary by Sen. Rickey R. Hendon `filing`
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- **2003-02-20** First Reading `reading-1`
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- **2003-02-20** Referred to Rules `referral-committee`
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- **2003-02-26** Assigned to Financial Institutions `referral-committee`
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- **2003-03-06** Do Pass Financial Institutions; 009-000-000 `committee-passage`
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- **2003-03-06** Placed on Calendar Order of 2nd Reading March 11, 2003
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- **2003-03-11** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Rickey R. Hendon `amendment-introduction`
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- **2003-03-11** Senate Floor Amendment No. 1 Referred to Rules `referral-committee`
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- **2003-03-18** Second Reading `reading-2`
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- **2003-03-18** Placed on Calendar Order of 3rd Reading March 19, 2003
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- **2003-03-24** Senate Floor Amendment No. 1 Rules Refers to Financial Institutions
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- **2003-03-24** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Rickey R. Hendon `amendment-introduction`
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- **2003-03-24** Senate Floor Amendment No. 2 Referred to Rules `referral-committee`
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- **2003-03-25** Senate Floor Amendment No. 1 Postponed - Financial Institutions
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- **2003-03-26** Senate Floor Amendment No. 2 Rules Refers to Financial Institutions
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- **2003-04-02** Senate Floor Amendment No. 3 Filed with Secretary by Sen. Rickey R. Hendon `amendment-introduction`
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- **2003-04-02** Senate Floor Amendment No. 3 Referred to Rules `referral-committee`
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- **2003-04-04** Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003. `reading-3`
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- **2003-04-08** Senate Floor Amendment No. 3 Rules Refers to Executive
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- **2003-04-08** Senate Floor Amendment No. 3 Be Adopted Executive; 012-000-000 `committee-passage-favorable`
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- **2003-04-08** Recalled to Second Reading `reading-2`
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- **2003-04-08** Senate Floor Amendment No. 3 Adopted; Hendon `amendment-passage`
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- **2003-04-08** Placed on Calendar Order of 3rd Reading April 8, 2003
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- **2003-04-08** Third Reading - Passed; 055-000-000 `reading-3, passage`
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- **2003-04-08** Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
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- **2003-04-08** Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
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- **2003-04-09** Arrived in House `introduction`
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- **2003-04-09** Placed on Calendar Order of First Reading `reading-1`
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- **2003-04-10** Chief House Sponsor Rep. Lovana Jones
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- **2003-04-14** First Reading `reading-1`
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- **2003-04-14** Referred to Rules Committee `referral-committee`
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- **2003-04-16** Assigned to Executive Committee `referral-committee`
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- **2003-04-16** Added Alternate Chief Co-Sponsor Rep. Eddie Washington
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- **2003-04-29** Re-assigned to Consumer Protection Committee `referral-committee`
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- **2003-05-02** Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
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- **2003-05-09** Do Pass / Short Debate Consumer Protection Committee; 007-000-000 `committee-passage`
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- **2003-05-09** Placed on Calendar 2nd Reading - Short Debate
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- **2003-05-13** Added Alternate Chief Co-Sponsor Rep. Art Tenhouse
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- **2003-05-13** Added Alternate Co-Sponsor Rep. Robert Rita
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- **2003-05-13** Added Alternate Co-Sponsor Rep. Annazette Collins
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- **2003-05-13** Added Alternate Co-Sponsor Rep. Charles E. Jefferson
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- **2003-05-14** Second Reading - Short Debate `reading-2`
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- **2003-05-14** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2003-05-14** Added Alternate Chief Co-Sponsor Rep. Monique D. Davis
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- **2003-05-21** Third Reading - Short Debate - Passed 116-000-000 `reading-3, passage`
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- **2003-05-21** Passed Both Houses
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- **2003-05-28** Added Alternate Co-Sponsor Rep. Wyvetter H. Younge
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- **2003-06-19** Sent to the Governor `executive-receipt`
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- **2003-07-22** Governor Approved `executive-signature`
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- **2003-07-22** Effective Date January 1, 2004
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- **2003-07-22** Public Act . . . . . . . . . 93-0287 `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/32ac6b23-5b57-40ef-bfa2-e8c46bf9803e`. Confidence: reported (aggregated from official Illinois legislature records).
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