Illinois 97th Regular Session Status: Passed Senate 1 D cosponsors

SB 3341 — PRECIOUS METAL PURCHASING ACT

Last action — Session Sine Die

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 97th Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment. Requires the purchaser to keep a record of the sale for one year or, if the purchase amount is over $500, for 5 years. Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties.

Bill Text

What changed in the latest version

43 added · 38 removed

Plain-language change summary

The updated version of SB 3341 makes several key changes to how businesses that purchase precious metals must operate. Notably, it now requires these businesses to provide a daily report to local law enforcement officials, detailing the transactions they conducted the previous day. This change aims to improve transparency and help prevent theft and illegal sales of precious metals by keeping authorities informed in a timely manner. Overall, this amendment enhances public safety and accountability in the precious metals market.

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*LRB09717671JLS62882b* SB3341 97TH GENERAL ASSEMBLY State of Illinois and 2012 SB3341 Introduced 2/7/2012, by Sen.
SB3341 Engrossed LRB097 17671 JLS 62882 b AN ACT concerning business.
Kirk W.
Dillard SYNOPSIS AS INTRODUCED:
New Act Creates the Precious Metal Purchasing Act.
Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller.
Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment.
Requires the purchaser to keep a record of the sale for one year or, if the purchase amount is over $500, for 5 years.
Provides that a person who violates the Act is guilty of a petty offense General may inspect records, investigate an alleged violation, and take action to collect civil penalties.
LRB097 17671 JLS 62882 b A BILL FOR SB3341 LRB097 17671 JLS 62882 b AN ACT concerning business.
(i) the name, address, and telephone number of the person or the person's authorized SB3341 - 2 - LRB097 17671 JLS 62882 b representative;
(i) the name, address, and telephone number of the person or the person's authorized SB3341 Engrossed - 2 - LRB097 17671 JLS 62882 b representative;
and (2) for each transaction in which the person purchases one or more item of precious metal, record the method of payment used to purchase the precious metal.
and (2) for each transaction in which the person purchases one or more items of precious metal, record the method of payment used to purchase the precious metal.
(c) A person who is in the business of purchasing precious metal shall provide a copy of the information required to be obtained under subdivision (a)(1)(B) of this Section to the parties as specified in this subsection.
The copy shall be delivered before the hour of 12 o'clock noon the day after any day the person conducts business and shall contain the information acquired by the person the immediately preceding day the person conducted business.
A person who is in the business of purchasing precious metal in a county with fewer SB3341 Engrossed - 3 - LRB097 17671 JLS 62882 b than 3,000,000 inhabitants shall submit the copy to the sheriff of that county.
In municipalities having a population of 25,000 or more inhabitants that are located in counties with fewer than 3,000,000 inhabitants, a copy shall also be submitted to the municipal police department.
In municipalities located in counties with 3,000,000 or more inhabitants, the report shall be submitted to the municipal police department.
In counties with 3,000,000 or more inhabitants, a person in the business of purchasing precious metal whose business is located in an unincorporated area of the county shall submit the copy to the sheriff.
The copy may be made by computer print out or input memory device if the format has been approved by the entity receiving the copy.
(a) A person who violates this Act shall be guilty of a SB3341 - 3 - LRB097 17671 JLS 62882 b petty offense and shall be fined an amount not exceeding $500 for each violation.
(a) A person who violates this Act shall be guilty of a petty offense and shall be fined an amount not exceeding $500 for each violation.
(b) The Attorney General may:
(b) The Attorney General, local police department, and sheriff may:
(1) inspect a record retained by a person under this Act;
SB3341 Engrossed - 4 - LRB097 17671 JLS 62882 b (1) inspect a record retained by a person under this Act;
Section 25.
Exemption.
This Act does not apply to persons licensed under the Pawnbroker Regulation Act.
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Action History

  1. Session Sine Die

  2. House Committee Amendment No. 3 Rules Refers to Judiciary I - Civil Law Committee

  3. House Committee Amendment No. 2 Rules Refers to Judiciary I - Civil Law Committee

  4. Added Alternate Co-Sponsor Rep. Pam Roth

  5. House Committee Amendment No. 3 Referred to Rules Committee

  6. House Committee Amendment No. 3 Filed with Clerk by Rep. Patricia R. Bellock

  7. House Committee Amendment No. 2 Referred to Rules Committee

  8. House Committee Amendment No. 2 Filed with Clerk by Rep. Patricia R. Bellock

  9. Added Alternate Co-Sponsor Rep. Michelle Mussman

  10. House Committee Amendment No. 1 Rules Refers to Judiciary I - Civil Law Committee

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

  12. House Committee Amendment No. 1 Filed with Clerk by Rep. Patricia R. Bellock

  13. Final Action Deadline Extended-9(b) January 8, 2013

  14. Assigned to Judiciary I - Civil Law Committee

  15. Added Alternate Co-Sponsor Rep. Norine Hammond

  16. Referred to Rules Committee

  17. First Reading

  18. Placed on Calendar Order of First Reading

  19. Chief House Sponsor Rep. Patricia R. Bellock

  20. Arrived in House

  21. Third Reading - Passed; 056-000-000

  22. Placed on Calendar Order of 3rd Reading March 28, 2012

  23. Second Reading

  24. Placed on Calendar Order of 2nd Reading March 21, 2012

  25. Do Pass as Amended Commerce; 006-000-000

  26. Senate Committee Amendment No. 1 Adopted

  27. Senate Committee Amendment No. 1 Assignments Refers to Commerce

  28. Postponed - Commerce

  29. Senate Committee Amendment No. 1 Referred to Assignments

  30. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kirk W. Dillard

  31. Assigned to Commerce

  32. Referred to Assignments

  33. First Reading

  34. Filed with Secretary by Sen. Kirk W. Dillard

Sponsors

  • Kirk W. Dillard · Cosponsor
  • Norine Hammond · Cosponsor
  • Michelle Mussman · Cosponsor
  • Pam Roth · Cosponsor

Sponsorship breakdown

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0 sponsors · 4 co-sponsors · 179 not signed on

Sponsors (0)

None.

Co-sponsors (4)

Not signed on (179)

179 members have not signed on to this bill.

Show all 179 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 56 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 43003
Democrat 10000
Republican 3000
Total 56003
% of votes cast 95%0%0%5%
How each member voted (59)
Member Party Vote
McCarter — Yea
Haine — Yea
Hutchinson — Yea
Noland — Yea
Kotowski — Yea
Link — Yea
Maloney — Yea
McCann — Yea
Mulroe — Yea
Muñoz — Yea
Schoenberg — Yea
Silverstein — Yea
Steans — Yea
Brady — Yea
Trotter — Yea
Jacobs — Yea
Johnson, C. — Yea
McGuire — Yea
Johnson, T. — Yea
Jones, J. — Yea
Sullivan — Yea
Cullerton — Yea
Clayborne — Yea
Crotty — Yea
Cultra — Yea
Dillard — Yea
Duffy — Yea
Forby — Yea
Landek — Yea
Meeks — Not Voting
Millner — Not Voting
Radogno — Not Voting
Frerichs — Yea
Garrett — Yea
Pankau — Yea
Raoul — Yea
Righter — Yea
Sandack — Yea
Sandoval — Yea
LaHood — Yea
Lauzen — Yea
Luechtefeld — Yea
Althoff — Yea
Martinez — Yea
Bivins — Yea
Bomke — Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Eva-Dina Delgado Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Lakesia Collins Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Yea
Kevin Schmidt Republican Yea
Sue Rezin Republican Yea

Official roll call →

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 3341 do?
Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment. Requires the purchaser to keep a record of the sale for one year or, if the purchase amount is over $500, for 5 years. Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties.
Who sponsors SB 3341?
SB 3341 is sponsored by Kirk W. Dillard, Norine Hammond, Michelle Mussman (Democrat), and Pam Roth.
What is the current status of SB 3341?
This bill died with 97th Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 3341?
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