FINANCIAL REG-FEES-INVESTIGATE
Summary
Amends the Currency Exchange Act. Removes provisions requiring the Secretary of Financial and Professional Regulation to investigate a currency exchange business at least once in each year and to review and report on the cost of operation of the Currency Exchange Section. Establishes fee-setting provisions for the administration of the Act. Amends the Sales Finance Agency Act, the Consumer Installment Loan Act, and the Safety Deposit License Act. Makes changes to the authority of the Secretary and the Director of the Division of Financial Institutions to examine and investigate a business to determine if it is in compliance with those Acts. Establishes fee-setting provisions for the administration of those Acts. Amends the Debt Management Service Act, the Debt Settlement Consumer Protection Act, and the Payday Loan Reform Act. Establishes fee-setting provisions for the administration of those Acts. Makes other changes. Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2026
Last action Apr 17, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
14
Key actions
2
Committee
5
Amendments
4
Apr 17, 2026
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Mar 25, 2026
Upper · Passed
Senate Floor Amendment No. 1 Adopted; Walker
upper
Mar 25, 2026
Introduced
Senate Floor Amendment No. 1 Recommend Do Adopt Financial Institutions; 008-000-000
upper
Mar 24, 2026
Introduced
Senate Floor Amendment No. 1 Assignments Refers to Financial Institutions
upper
Mar 19, 2026
Committee
Senate Floor Amendment No. 1 Referred to Assignments
upper
Mar 19, 2026
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker
upper
Mar 4, 2026
Upper · Passed
Do Pass Financial Institutions; 007-000-000
upper
Feb 24, 2026
Committee
Assigned to Financial Institutions
upper
Feb 6, 2026
Committee
Referred to Assignments
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark Walker
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 3903
Scope: IL
Hi! I can help you understand SB 3903. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline