HB 4474 Illinois House · 104th Regular Session

BANKS-OVERDRAFT FEE BAN

Summary
Amends the Illinois Banking Act, the Savings Bank Act, and the Illinois Credit Union Act. Directs the Secretary of Financial and Professional Regulation to adopt and enforce administrative rules that prohibit the imposition by a bank, savings bank, or credit union of charges in connection with (i) a check drawn or other written order upon, or electronic transfer sought to be effectuated against, insufficient funds or uncollected balances in a consumer account, whether or not the financial institution pays such check, written order, or electronic transfer or (ii) a check or other written order received by such an institution for deposit or collection drawn against a consumer account and subsequently dishonored and returned for any reason by the drawee. Amends the Uniform Commercial Code. Repeals a provision that authorizes the imposition of overdraft fees. Amends the Criminal Code of 2012 and the Interest Act to make conforming changes.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 16, 2026 Last action Mar 27, 2026
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Full legislative history

Actions timeline

Total actions
5
Key actions
0
Committee
3
Mar 27, 2026
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 18, 2026
Committee
Assigned to Financial Institutions and Licensing Committee
lower
Jan 20, 2026
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Hoan Huynh
Hoan Huynh
DDemocratic
IL
13