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SB 3133 Illinois Senate · 100th Regular Session

REGULATORY SANDBOX ACT

Summary
Creates the Regulatory Sandbox Act. Creates the regulatory sandbox to enable persons to obtain limited access to the Illinois marketplace in order to test innovations in financial products or services. Provides requirements for approval to enter the regulatory sandbox, the application fee, and approval or denial time. Provides requirements for operating an innovation in the regulatory sandbox and extending a test period. Contains provisions regarding rules and judicial review of the administration of this Act. Makes conforming changes in the State Finance Act. Effective January 1, 2019.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2018
Committee Review
Floor Vote
Governor
Introduced Feb 15, 2018 Last action Jan 9, 2019
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
24
Key actions
7
Committee
14
Amendments
2
May 3, 2018
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
May 3, 2018
Committee
Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments
upper
May 3, 2018
Committee
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
upper
Apr 25, 2018
Upper · Passed
Senate Committee Amendment No. 2 Postponed - Licensed Activities and Pensions
upper
Apr 25, 2018
Upper · Passed
Senate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions
upper
Apr 24, 2018
Upper · Passed
Senate Committee Amendment No. 2 Assignments Refers to Licensed Activities and Pensions
upper
Apr 24, 2018
Committee
Senate Committee Amendment No. 2 Referred to Assignments
upper
Apr 24, 2018
Introduced
Senate Committee Amendment No. 2 Filed with Secretary by Sen. Dan McConchie
upper
Apr 18, 2018
Upper · Passed
Senate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions
upper
Apr 13, 2018
Upper · Passed
Rule 2-10 Committee Deadline Established As April 27, 2018
upper
Apr 12, 2018
Upper · Passed
Senate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions
upper
Apr 10, 2018
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Licensed Activities and Pensions
upper
Apr 6, 2018
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Apr 6, 2018
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Dan McConchie
upper
Feb 27, 2018
Committee
Assigned to Licensed Activities and Pensions
upper
Feb 15, 2018
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.