CURRENCY EXCHANGE ACT-LICENSES
Summary
Amends the Currency Exchange Act. Requires that an applicant for a license to operate a currency exchange must provide a statement that the business is in good standing with the State of Illinois and in compliance with the Department of Revenue. Repeals a provision that allows community currency exchanges and ambulatory currency exchanges to engage in distribution of Supplemental Nutrition Assistance Program (SNAP) benefits and a provision that prohibits community currency exchanges and ambulatory currency exchanges from issuing tokens to be used instead of money for the purchase of goods or services from any enterprise.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2020
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2020
Last action May 15, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
15
Key actions
1
Committee
4
Apr 12, 2020
Committee
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
upper
Feb 19, 2020
Upper · Passed
Do Pass Financial Institutions; 009-000-000
upper
Feb 11, 2020
Committee
Assigned to Financial Institutions
upper
Feb 6, 2020
Committee
Referred to Assignments
upper
0 primary · 2 co-sponsors
Sponsors
No sponsor information available.
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