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SB 1629 Illinois Senate · 94th Regular Session

CURRENCY EXCHANGE-BOND REQMNT

Summary
Amends the Currency Exchange Act. Provides that a community currency exchange licensed under the Currency Exchange Act may meet the bonding requirements of the Act by submitting evidence satisfactory to the Secretary of Financial and Professional Regulation that the licensee is covered by a blanket bond that covers multiple licensees. Requires the blanket bond to: (i) insure the licensee against loss by theft, robbery, or forgery; (ii) be issued by a bonding company authorized to do business in this State; and (iii) be in the principal sum of an amount equal to the maximum amount required for any one licensee covered by the bond.
Bill status signed all 5 stages cleared
Introduction
Apr 2005
Committee Review
May 2005
Senate Passage
May 2005
House Passage
May 2005
Signed into Law
Aug 2005
Introduced Apr 8, 2005 Signed Aug 10, 2005
Floor votes · Senate Apr 8, 2005 · House May 20, 2005

How they voted

50–0
Passed · 2 other
Total votes 52
Apr 8, 2005
D Democratic27
27 Yea
100% Yea
R Republican25
23 Yea 2
92% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
28
Key actions
6
Committee
7
Aug 10, 2005
Signed into law
Governor Approved
upper
May 20, 2005
Upper · Passed
Passed Both Houses
upper
May 20, 2005
House · Passed
House Vote: pass (105-0-3)
house
May 10, 2005
Lower · Passed
Do Pass / Short Debate Financial Institutions Committee; 023-000-000
lower
May 3, 2005
Committee
Re-assigned to Financial Institutions Committee
lower
Apr 20, 2005
Committee
Assigned to Executive Committee
lower
Apr 8, 2005
Committee
Referred to Rules Committee
lower
Apr 8, 2005
Introduced
Arrived in House
lower
Apr 8, 2005
Senate · Passed
Senate Vote: pass (50-0-2)
senate
Mar 17, 2005
Upper · Passed
Do Pass Financial Institutions; 008-000-000
upper
Mar 9, 2005
Committee
Assigned to Financial Institutions
upper
Feb 23, 2005
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.