SB 2319 Illinois Senate · 104th Regular Session

VIRTUAL CURRENCY CONSUM PROT

Summary
Creates the Virtual Currency Kiosk Consumer Protection Act. Provides that specified information reported to the Department of Financial and Professional Regulation by virtual currency kiosk shall be confidential, except as otherwise provided in the Act. Establishes warning and general terms and conditions disclosure requirements for a virtual currency kiosk operator opening an account for a new customer and prior to entering into an initial transaction for, on behalf of, or with the customer. Requires a receipt to be provided to each customer following a transaction. Requires all virtual currency kiosk operators to have live customer service, as specified; create anti-fraud, enhanced due diligence, and federal and State law compliance policies; designate a compliance officer and a consumer protection officer; and use blockchain analytics software to assist in the prevention of sending purchased virtual currency from a virtual currency kiosk operator to a digital wallet known to be affiliated with fraudulent activity at the time of a transaction; and report the location of each virtual currency kiosk located within this State within 45 days after the end of the calendar quarter. Requires a virtual currency kiosk operator to receive a money transmitter license. Sets forth supervision duties for the Department and the Secretary of Financial and Professional Regulation.
Bill status signed all 5 stages cleared
Introduction
May 2025
Committee Review
May 2025
Senate Passage
Jun 2025
House Passage
May 2025
Signed into Law
Aug 2025
Introduced May 22, 2025 Signed Aug 18, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Engrossed Enrolled · 2 edits · Aug 18, 2025
MINOR
The primary change between the Engrossed and Enrolled versions of SB 2319 is the replacement of the bill's status title from 'Engrossed' to 'Enrolled'. This indicates the bill has passed both legislative chambers and is ready for the Governor's signature. No substantive policy changes, definitions, or requirements were altered in the text provided.
TECHNICAL

Removed the 'Engrossed' status label from the header and page breaks.

Added the 'Enrolled' status label to the header and page breaks.

Floor votes · Senate May 22, 2025 · House May 31, 2025

How they voted

3819
Passed · 1 other
Total votes 58
May 22, 2025
D Democratic39
38 Yea 1
97% Yea
R Republican19
19 Nay
100% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
74
Key actions
15
Committee
18
Amendments
17
Aug 18, 2025
Signed into law
Governor Approved
upper
Jun 1, 2025
Upper · Passed
Passed Both Houses
upper
Jun 1, 2025
Introduced
House Floor Amendment No. 1 Senate Concurs 039-018-000
upper
May 31, 2025
Introduced
House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 009-004-000
upper
May 31, 2025
Committee
House Floor Amendment No. 1 Motion to Concur Assignments Referred to Executive
upper
May 31, 2025
Committee
House Floor Amendment No. 1 Motion to Concur Referred to Assignments
upper
May 31, 2025
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2025
upper
May 31, 2025
Introduced
Secretary's Desk - Concurrence House Amendment(s) 1
upper
May 31, 2025
Lower · Passed
Third Reading - Short Debate - Passed 081-036-000
lower
May 31, 2025
Lower · Passed
House Floor Amendment No. 1 Adopted
lower
May 30, 2025
Lower · Passed
House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000
lower
May 30, 2025
Lower · Passed
House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
lower
May 29, 2025
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
May 29, 2025
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II
lower
May 29, 2025
Lower · Passed
Do Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000
lower
May 28, 2025
Lower · Passed
Committee/Final Action Deadline Extended-9(b) May 31, 2025
lower
May 28, 2025
Lower · Passed
Motion Filed to Suspend Rule 21 Financial Institutions and Licensing Committee; Rep. Bob Morgan
lower
May 28, 2025
Committee
Assigned to Financial Institutions and Licensing Committee
lower
May 22, 2025
Committee
Referred to Rules Committee
lower
May 22, 2025
Introduced
Arrived in House
lower
May 22, 2025
Amended
Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
upper
May 22, 2025
Upper · Passed
Third Reading - Passed; 039-019-000
upper
May 22, 2025
Upper · Passed
Senate Floor Amendment No. 3 Adopted; Ellman
upper
May 22, 2025
Upper · Passed
Senate Floor Amendment No. 1 Adopted; Ellman
upper
May 21, 2025
Introduced
Senate Floor Amendment No. 3 Recommend Do Adopt Executive; 009-004-000
upper
May 21, 2025
Introduced
Senate Floor Amendment No. 3 Assignments Refers to Executive
upper
May 20, 2025
Committee
Senate Floor Amendment No. 3 Referred to Assignments
upper
May 20, 2025
Introduced
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Laura Ellman
upper
May 20, 2025
Introduced
Senate Floor Amendment No. 2 Assignments Refers to Executive
upper
May 16, 2025
Committee
Senate Floor Amendment No. 2 Referred to Assignments
upper
May 16, 2025
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Laura Ellman
upper
May 8, 2025
Introduced
Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 008-003-000
upper
May 7, 2025
Introduced
Senate Floor Amendment No. 1 Assignments Refers to Executive
upper
May 7, 2025
Committee
Senate Floor Amendment No. 1 Referred to Assignments
upper
May 7, 2025
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Laura Ellman
upper
Apr 9, 2025
Upper · Passed
Do Pass Executive; 012-001-000
upper
Apr 4, 2025
Upper · Passed
Rule 2-10 Committee Deadline Established As April 11, 2025
upper
Mar 21, 2025
Upper · Passed
Rule 2-10 Committee Deadline Established As April 4, 2025
upper
Mar 4, 2025
Committee
Assigned to Executive
upper
Feb 7, 2025
Committee
Referred to Assignments
upper
2 primary · 11 co-sponsors

Sponsors