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HB3553Introduced in the House

MISLEADING PRACTICES PENALTY

IntroducedHouse Rules

Introduced by Margaret Croke, District 12

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

Amends the Illinois Banking Act. In provisions concerning the penalty for misleading practices and names, changes the civil penalty that may be imposed to the maximum amount otherwise permitted under specified provisions, $100,000 for each violation (rather than $10,000 for each violation). Provides that the remedies provided in those provisions are in addition to, not to the exclusion of, any other remedies available under the law. Defines terms. Makes other changes.

Where it stands

Rule 19(a) / Re-referred to Rules Committee

April 11, 2025

How did lawmakers vote?

HouseStage: House Financial Institutions & Licensing Committee · March 18, 2025

8

Yes

4

No

0

Absent or Not Voting

12 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

See how each representative voted

RepresentativeDistrictVote
Eva Dina Delgado3Yes
Margaret Croke12Yes
Jennifer Gong-Gershowitz17Yes
Jaime Andrade40Yes
Daniel Didech59Yes
Rita Mayfield60Yes
Dan Ugaste65No
Jeff Keicher70No
Dagmara Avelar85Yes
Mike Coffey95No

Bill history

  1. Filed with the Clerk by Rep. Margaret Croke

  2. First Reading

  3. Referred to Rules Committee

  4. Assigned to Financial Institutions and Licensing Committee

  5. House Committee Amendment No. 1 Filed with Clerk by Rep. Margaret Croke

  6. House Committee Amendment No. 1 Referred to Rules Committee

  7. House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee

  8. House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote

  9. Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 008-004-000

  10. Placed on Calendar 2nd Reading - Short Debate

  11. Second Reading - Short Debate

  12. Held on Calendar Order of Second Reading - Short Debate

  13. Added Co-Sponsor Rep. Camille Y. Lilly

  14. Rule 19(a) / Re-referred to Rules Committee

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