SB 3903 Illinois Senate · 104th Regular Session

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
Photo of Mark Walker
Mark Walker
DDemocratic
IL
27