Fabio
96 lines
7.5 KiB
Markdown
96 lines
7.5 KiB
Markdown
---
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type: "Bill"
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title: "BANKING-REGULATIONS"
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description: "Amends the Illinois Banking Act. Provides that a state bank and its subsidiaries in compliance with Regulation W promulgated by the Board of Governors of the Federal Reserve shall be deemed to be in compliance with certain provisions of the Act concerning limitations on investments in and loans to affiliates. Amends the Banking Emergencies Act. Provides that, whenever the Commissioner becomes aware that an emergency exists, or is impending, he or she may, by proclamation, authorize any bank organized under the laws of another state, or of the United States, to open and operate offices in the State and to remain open until the Commissioner declares, by further proclamation, that the emergency or impending emergency has ended. Amends the Financial Institutions Electronic Documents and Digital Signature Act. For purposes of the Act, defines \"financial institution\" to include subsidiaries and affiliates of banks, savings and loan associations, savings banks, and credit unions. Provides that if a financial institution is required by law to provide or make available certain information in writing to consumers, provides that the use of an electronic record to provide or make available that information satisfies the writing requirement if the consumer consents and if certain notices are provided. Provides that oral communication or recording of oral communication does not qualify as an electronic record. Contains other provisions concerning the rights of consumers, the effect of failure to obtain electronic consent or confirmation of consent, the effect of withdrawal of consent, and prior consent. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "95th"
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identifier: "HB 744"
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citation: "Illinois HB 744 (95th)"
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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: 36
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vote_count: 2
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first_action: "2007-02-07"
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last_action: "2007-08-13"
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source: "openstates"
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source_identifier: "ocd-bill/47542a36-a245-42fc-a8f5-55ee2d75194d"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=744&GAID=9&DocTypeID=HB&LegId=28039&SessionID=51&GA=95"
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source_hash: "c274e5da738769cfbe1b296fd2ca44e4039c207bba5c74b19c864dbc8183d586"
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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 744 (95th) — BANKING-REGULATIONS
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Amends the Illinois Banking Act. Provides that a state bank and its subsidiaries in compliance with Regulation W promulgated by the Board of Governors of the Federal Reserve shall be deemed to be in compliance with certain provisions of the Act concerning limitations on investments in and loans to affiliates. Amends the Banking Emergencies Act. Provides that, whenever the Commissioner becomes aware that an emergency exists, or is impending, he or she may, by proclamation, authorize any bank organized under the laws of another state, or of the United States, to open and operate offices in the State and to remain open until the Commissioner declares, by further proclamation, that the emergency or impending emergency has ended. Amends the Financial Institutions Electronic Documents and Digital Signature Act. For purposes of the Act, defines "financial institution" to include subsidiaries and affiliates of banks, savings and loan associations, savings banks, and credit unions. Provides that if a financial institution is required by law to provide or make available certain information in writing to consumers, provides that the use of an electronic record to provide or make available that information satisfies the writing requirement if the consumer consents and if certain notices are provided. Provides that oral communication or recording of oral communication does not qualify as an electronic record. Contains other provisions concerning the rights of consumers, the effect of failure to obtain electronic consent or confirmation of consent, the effect of withdrawal of consent, and prior consent. 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=09500HB0744&GA=95&SessionId=51&DocTypeId=HB&LegID=28039&DocNum=744&GAID=9&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500HB0744eng&GA=95&SessionId=51&DocTypeId=HB&LegID=28039&DocNum=744&GAID=9&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09500HB0744enr&GA=95&SessionId=51&DocTypeId=HB&LegID=28039&DocNum=744&GAID=9&Session=&print=true)
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## Votes
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- Third Reading — **56–0** (pass) · upper
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- Third Reading — **109–0** (pass) · lower
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## Sponsors
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- John A. Fritchey — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2007-02-07** Filed with the Clerk by Rep. John A. Fritchey `filing`
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- **2007-02-07** First Reading `reading-1`
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- **2007-02-07** Referred to Rules Committee `referral-committee`
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- **2007-02-13** Added Chief Co-Sponsor Rep. Mike Boland
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- **2007-02-13** Added Chief Co-Sponsor Rep. Angelo Saviano
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- **2007-02-13** Added Chief Co-Sponsor Rep. Sara Feigenholtz
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- **2007-02-13** Added Chief Co-Sponsor Rep. Elizabeth Coulson
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- **2007-02-15** Assigned to Financial Institutions Committee `referral-committee`
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- **2007-02-21** Added Co-Sponsor Rep. Aaron Schock
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- **2007-02-21** Added Co-Sponsor Rep. Thomas Holbrook
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- **2007-02-21** Added Co-Sponsor Rep. Patricia R. Bellock
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- **2007-02-21** Do Pass / Short Debate Financial Institutions Committee; 020-000-000 `committee-passage`
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- **2007-02-22** Placed on Calendar 2nd Reading - Short Debate
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- **2007-02-22** Added Co-Sponsor Rep. Joseph M. Lyons
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- **2007-02-22** Added Co-Sponsor Rep. Monique D. Davis
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- **2007-02-23** Second Reading - Short Debate `reading-2`
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- **2007-02-23** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2007-03-02** Third Reading - Short Debate - Passed 109-000-001 `reading-3, passage`
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- **2007-03-06** Arrive in Senate `introduction`
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- **2007-03-06** Placed on Calendar Order of First Reading `reading-1`
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- **2007-03-06** Chief Senate Sponsor Sen. Don Harmon
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- **2007-03-06** First Reading `reading-1`
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- **2007-03-06** Referred to Rules `referral-committee`
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- **2007-03-30** Assigned to Financial Institutions `referral-committee`
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- **2007-04-20** Do Pass Financial Institutions; 007-000-000 `committee-passage`
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- **2007-04-20** Placed on Calendar Order of 2nd Reading April 24, 2007
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- **2007-04-20** Added as Alternate Chief Co-Sponsor Sen. Dan Rutherford
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- **2007-05-03** Second Reading `reading-2`
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- **2007-05-03** Placed on Calendar Order of 3rd Reading May 8, 2007
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- **2007-05-10** Added as Alternate Chief Co-Sponsor Sen. Mike Jacobs
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- **2007-05-16** Third Reading - Passed; 056-000-000 `reading-3, passage`
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- **2007-05-16** Passed Both Houses
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- **2007-06-14** Sent to the Governor `executive-receipt`
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- **2007-08-13** Governor Approved `executive-signature`
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- **2007-08-13** Effective Date August 13, 2007
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- **2007-08-13** Public Act . . . . . . . . . 95-0077 `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/47542a36-a245-42fc-a8f5-55ee2d75194d`. Confidence: reported (aggregated from official Illinois legislature records).
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