Fabio
102 lines
6.2 KiB
Markdown
102 lines
6.2 KiB
Markdown
---
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type: "Bill"
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title: "SECURITIES ENFORCE FORFEIT"
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description: "Amends the Illinois Securities Law of 1953. Authorizes the Secretary of State to appoint special agents and investigators to conduct investigations. Grants to those agents police power with respect to the enforcement of the Illinois Securities Law of 1953 and any other law administered by the Illinois Securities Department. Provides that registration under the Securities Law may be denied or revoked if the registrant has engaged in any unethical practice in connection with any security rather than the offer or sale of securities. Provides for the seizure and forfeiture of assets obtained in violation of the Securities Law. 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 1865"
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citation: "Illinois SB 1865 (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: 42
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vote_count: 2
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first_action: "2003-02-20"
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last_action: "2003-08-21"
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source: "openstates"
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source_identifier: "ocd-bill/84485530-e9f0-48cd-b537-3748e623d13f"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1865&GAID=3&DocTypeID=SB&LegId=4971&SessionID=3&GA=93"
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source_hash: "f9a70e1028af78f20e998b4e72986f0a5951521fba4de2d87fb5ae81b0ee7fa1"
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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 1865 (93rd) — SECURITIES ENFORCE FORFEIT
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Amends the Illinois Securities Law of 1953. Authorizes the Secretary of State to appoint special agents and investigators to conduct investigations. Grants to those agents police power with respect to the enforcement of the Illinois Securities Law of 1953 and any other law administered by the Illinois Securities Department. Provides that registration under the Securities Law may be denied or revoked if the registrant has engaged in any unethical practice in connection with any security rather than the offer or sale of securities. Provides for the seizure and forfeiture of assets obtained in violation of the Securities Law. 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=09300SB1865&GA=93&SessionId=3&DocTypeId=SB&LegID=4971&DocNum=1865&GAID=3&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB1865eng&GA=93&SessionId=3&DocTypeId=SB&LegID=4971&DocNum=1865&GAID=3&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300SB1865enr&GA=93&SessionId=3&DocTypeId=SB&LegID=4971&DocNum=1865&GAID=3&Session=&print=true)
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## Votes
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- Third Reading — **56–0** (pass) · upper
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- Third Reading — **107–8** (pass) · lower
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## Sponsors
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- Patrick Welch — primary (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. Patrick Welch `filing`
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- **2003-02-20** Chief Co-Sponsor Sen. Susan Garrett
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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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- **2003-02-27** Assigned to Executive `referral-committee`
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- **2003-03-06** Do Pass Executive; 012-000-000 `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. Patrick Welch `amendment-introduction`
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- **2003-03-11** Senate Floor Amendment No. 1 Referred to Rules `referral-committee`
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- **2003-03-11** Added as Co-Sponsor Sen. Barack Obama
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- **2003-03-18** Senate Floor Amendment No. 1 Rules Refers to Executive
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- **2003-03-18** Fiscal Note Requested by Sen. Peter J. Roskam
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- **2003-03-19** Senate Floor Amendment No. 1 Be Adopted Executive; 012-000-000 `committee-passage-favorable`
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- **2003-03-20** Fiscal Note Filed
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- **2003-03-21** Second Reading `reading-2`
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- **2003-03-21** Senate Floor Amendment No. 1 Adopted; Welch `amendment-passage`
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- **2003-03-21** Placed on Calendar Order of 3rd Reading March 24, 2003
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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** Added as Chief Co-Sponsor Sen. Barack Obama
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- **2003-04-08** Third Reading - Passed; 056-000-000 `reading-3, passage`
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- **2003-04-08** Arrived in House `introduction`
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- **2003-04-08** Placed on Calendar Order of First Reading `reading-1`
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- **2003-04-10** Chief House Sponsor Rep. Robert S. Molaro
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- **2003-04-10** First Reading `reading-1`
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- **2003-04-10** Referred to Rules Committee `referral-committee`
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- **2003-04-14** Assigned to State Government Administration Committee `referral-committee`
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- **2003-05-01** Motion Do Pass - Lost State Government Administration Committee; by Voice Vote `committee-failure`
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- **2003-05-01** Remains in State Government Administration Committee
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- **2003-05-02** Committee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
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- **2003-05-28** Do Pass / Short Debate State Government Administration Committee; 009-001-000 `committee-passage`
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- **2003-05-28** Placed on Calendar 2nd Reading - Short Debate
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- **2003-05-28** Second Reading - Short Debate `reading-2`
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- **2003-05-28** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2003-05-28** Added Alternate Chief Co-Sponsor Rep. Eddie Washington
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- **2003-05-29** Second Reading - Short Debate `reading-2`
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- **2003-05-29** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2003-05-30** Third Reading - Short Debate - Passed 107-008-000 `reading-3, passage`
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- **2003-05-30** Passed Both Houses
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- **2003-06-27** Sent to the Governor `executive-receipt`
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- **2003-08-21** Governor Approved `executive-signature`
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- **2003-08-21** Effective Date August 21, 2003
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- **2003-08-21** Public Act . . . . . . . . . 93-0580 `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/84485530-e9f0-48cd-b537-3748e623d13f`. Confidence: reported (aggregated from official Illinois legislature records).
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