Sign Up
SB 1116 Illinois Senate · 93rd Regular Session

CREDIT CARD ISSUANCE-INT RATE

Summary
Amends the Credit Card Issuance Act. Provides that a credit card issuer who offers to an Illinois resident a credit card with a fixed annual percentage rate may not increase the annual percentage rate or rates of interest applicable to that credit card account, or prematurely remove or increase any introductory annual percentage rate or rates of interest applicable to the account, for reasons other than actions or omissions of the card holder that are directly related to the account and that are clearly and conspicuously described to the card holder at the time the credit card is issued. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2003
Committee Review
May 2003
Senate Passage
May 2003
House Passage
May 2003
Signed into Law
Jul 2003
Introduced Apr 9, 2003 Signed Jul 22, 2003
Floor votes · Senate Apr 8, 2003 · House May 21, 2003

How they voted

41–0
Passed · 4 other
Total votes 45
Apr 8, 2003
D Democratic25
24 Yea 1
96% Yea
R Republican20
17 Yea 3
85% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
52
Key actions
7
Committee
11
Amendments
10
Jul 22, 2003
Signed into law
Governor Approved
upper
May 21, 2003
Upper · Passed
Passed Both Houses
upper
May 9, 2003
Lower · Passed
Do Pass / Short Debate Consumer Protection Committee; 007-000-000
lower
Apr 29, 2003
Committee
Re-assigned to Consumer Protection Committee
lower
Apr 16, 2003
Committee
Assigned to Executive Committee
lower
Apr 14, 2003
Committee
Referred to Rules Committee
lower
Apr 9, 2003
Introduced
Arrived in House
lower
Apr 8, 2003
Amended
Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
upper
Apr 8, 2003
Amended
Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
upper
Apr 8, 2003
Upper · Passed
Senate Floor Amendment No. 3 Adopted; Hendon
upper
Apr 8, 2003
Upper · Passed
Senate Floor Amendment No. 3 Be Adopted Executive; 012-000-000
upper
Apr 8, 2003
Introduced
Senate Floor Amendment No. 3 Rules Refers to Executive
upper
Apr 8, 2003
Senate · Passed
Senate Vote: pass (41-0-4)
senate
Apr 2, 2003
Committee
Senate Floor Amendment No. 3 Referred to Rules
upper
Apr 2, 2003
Introduced
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Rickey R. Hendon
upper
Mar 26, 2003
Introduced
Senate Floor Amendment No. 2 Rules Refers to Financial Institutions
upper
Mar 25, 2003
Introduced
Senate Floor Amendment No. 1 Postponed - Financial Institutions
upper
Mar 24, 2003
Committee
Senate Floor Amendment No. 2 Referred to Rules
upper
Mar 24, 2003
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Rickey R. Hendon
upper
Mar 24, 2003
Introduced
Senate Floor Amendment No. 1 Rules Refers to Financial Institutions
upper
Mar 11, 2003
Committee
Senate Floor Amendment No. 1 Referred to Rules
upper
Mar 11, 2003
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Rickey R. Hendon
upper
Mar 6, 2003
Upper · Passed
Do Pass Financial Institutions; 009-000-000
upper
Feb 26, 2003
Committee
Assigned to Financial Institutions
upper
Feb 20, 2003
Committee
Referred to Rules
upper
0 primary · 4 co-sponsors

Sponsors

No sponsor information available.