Illinois 104th General Assembly Status: To Executive 11 D cosponsors

SB3561      — BUY-NOW-PAY-LATER ACT

Last action — Public Act . . . . . . . . . 104-0475

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

This bill has been sent to the executive. Introduced February 05, 2026. It awaits signature.

Next likely step: the executive signs it into law or issues a veto.

Odds of enactment

Moderate chance

Based on the sponsor, cosponsors, and committee posture, this bill has a moderate chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 74% · moderate confidence

  • To Executive

    Current position in the legislative process.

  • 12 sponsors

    1 primary, 11 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (11 D).

  • Cleared a recorded vote

    Passed 5 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

Regulates buy-now-pay-later lending by requiring registration and disclosures from lenders.

The Buy-Now-Pay-Later Act establishes regulations for lenders offering buy-now-pay-later options, mandating registration with state authorities and requiring clear disclosures to consumers. Violations of the Act are categorized as unlawful practices under consumer protection laws.

What this means for you
  • Consumers: Consumers will benefit from clearer disclosures about the terms of buy-now-pay-later loans.

Summary

Creates the Buy-Now-Pay-Later Loan Regulation Act. Provides that it is unlawful for a person to act as a buy-now-pay-later lender unless the person registers with the Division of Financial Institutions of the Department of Financial and Professional Regulation. Sets forth requirements for registration; duties and powers of the Secretary of Financial and Professional Regulation; and administrative procedures. Provides that a buy-now-pay-lender shall provide specified disclosures to recipients. Provides that a violation of the Act constitutes an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Amends the Consumer Fraud and Deceptive Business Practices Act to make a conforming change.

Bill Text

We don't have the full text on file for this bill yet.

Read SB3561 on the official Illinois source →

Action History

  1. Public Act . . . . . . . . . 104-0475

  2. Effective Date June 25, 2026

  3. Governor Approved

  4. Sent to the Governor

  5. Passed Both Houses

  6. Third Reading - Short Debate - Passed 116-000-000

  7. 3/5 Vote Required

  8. Third Reading/Final Action Deadline Extended-9(b) June 2, 2026

  9. Placed on Calendar Order of 3rd Reading - Short Debate

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

  11. Second Reading - Short Debate

  12. Placed on Calendar 2nd Reading - Short Debate

  13. Do Pass / Short Debate Judiciary - Civil Committee; 019-000-000

  14. Suspend Rule 21 - Prevailed 066-029-000

  15. Moved to Suspend Rule 21 Rep. Elizabeth "Lisa" Hernandez

  16. Committee/Final Action Deadline Extended-9(b) May 31, 2026

  17. Assigned to Judiciary - Civil Committee

  18. Referred to Rules Committee

  19. First Reading

  20. Chief House Sponsor Rep. Robert "Bob" Rita

  21. Arrived in House

  22. Added as Co-Sponsor Sen. Meg Loughran Cappel

  23. Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)

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

  25. Placed on Calendar Order of 3rd Reading

  26. Senate Floor Amendment No. 4 Adopted; Hastings

  27. Senate Floor Amendment No. 3 Adopted; Hastings

  28. Recalled to Second Reading

  29. Senate Floor Amendment No. 4 Recommend Do Adopt Judiciary; 008-000-000

  30. Senate Floor Amendment No. 3 Recommend Do Adopt Judiciary; 008-000-000

  31. Senate Floor Amendment No. 2 Postponed - Judiciary

  32. Senate Floor Amendment No. 4 Assignments Refers to Judiciary

  33. Senate Floor Amendment No. 4 Referred to Assignments

  34. Senate Floor Amendment No. 4 Filed with Secretary by Sen. Michael E. Hastings

  35. Senate Floor Amendment No. 3 Assignments Refers to Judiciary

  36. Placed on Calendar Order of 3rd Reading May 20, 2026

  37. Approved for Consideration Assignments

  38. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

  39. Rule 3-9(a) / Re-referred to Assignments

  40. Senate Floor Amendment No. 3 Referred to Assignments

  41. Senate Floor Amendment No. 3 Filed with Secretary by Sen. Michael E. Hastings

  42. Rule 2-10 Third Reading Deadline Established As May 15, 2026

  43. Added as Co-Sponsor Sen. Steve Stadelman

  44. Placed on Calendar Order of 3rd Reading April 29, 2026

  45. Second Reading

  46. Rule 2-10 Third Reading Deadline Established As May 8, 2026

  47. Senate Floor Amendment No. 2 Postponed - Judiciary

  48. Senate Floor Amendment No. 2 Assignments Refers to Judiciary

  49. Senate Floor Amendment No. 2 Referred to Assignments

  50. Senate Floor Amendment No. 2 Filed with Secretary by Sen. Michael E. Hastings

  51. Added as Co-Sponsor Sen. Adriane L. Johnson

  52. Added as Co-Sponsor Sen. Graciela Guzmán

  53. Added as Co-Sponsor Sen. Doris Turner

  54. Added as Co-Sponsor Sen. Mattie Hunter

  55. Added as Co-Sponsor Sen. Cristina Castro

  56. Added as Chief Co-Sponsor Sen. Suzy Glowiak Hilton

  57. Added as Chief Co-Sponsor Sen. Christopher Belt

  58. Added as Co-Sponsor Sen. Michael W. Halpin

  59. Placed on Calendar Order of 2nd Reading March 12, 2026

  60. Do Pass as Amended Judiciary; 009-000-000

  61. Senate Committee Amendment No. 1 Adopted

  62. Senate Committee Amendment No. 1 Assignments Refers to Judiciary

  63. Senate Committee Amendment No. 1 Referred to Assignments

  64. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael E. Hastings

  65. Assigned to Judiciary

  66. Referred to Assignments

  67. First Reading

  68. Filed with Secretary by Sen. Michael E. Hastings

Sponsors

Sponsorship breakdown

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1 sponsors · 11 co-sponsors · 171 not signed on

Sponsors (1)

Co-sponsors (11)

Not signed on (171)

171 members have not signed on to this bill.

Show all 171 →

"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 116 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democrat 69001
Republican 37001
Unaffiliated 9000
Total 115002
% of votes cast 98%0%0%2%
How each member voted (117)
Member Party Vote
Jacobs — Yea
Johnson — Yea
Jones — Yea
Du Buclet — Yea
Faver Dias — Yea
Hernandez, Lisa — Yea
Katz Muhl — Yea
La Ha — Yea
Yang Rohr — Yea
Aarón M. Ortíz Democrat Yea
Abdelnasser Rashid Democrat Yea
Amy Briel Democrat Yea
Angelica Guerrero-Cuellar Democrat Yea
Ann M. Williams Democrat Yea
Anna Moeller Democrat Yea
Anne Stava Democrat Yea
Anthony DeLuca Democrat Yea
Barbara Hernandez Democrat Yea
Bob Morgan Democrat Yea
Camille Y. Lilly Democrat Yea
Carol Ammons Democrat Yea
Curtis J. Tarver, II Democrat Yea
Dagmara Avelar Democrat Yea
Daniel Didech Democrat Yea
Dave Vella Democrat Yea
Debbie Meyers-Martin Democrat Yea
Diane Blair-Sherlock Democrat Yea
Edgar González, Jr. Democrat Yea
Eva-Dina Delgado Democrat Yea
Fred Crespo Democrat Yea
Harry Benton Democrat Yea
Hoan Huynh Democrat Yea
Jaime M. Andrade, Jr. Democrat Yea
Jawaharial Williams Democrat Yea
Jay Hoffman Democrat Yea
Jehan Gordon-Booth Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Joyce Mason Democrat Not Voting
Justin Cochran Democrat Yea
Justin Slaughter Democrat Yea
Kam Buckner Democrat Yea
Katie Stuart Democrat Yea
Kelly M. Cassidy Democrat Yea
Kevin John Olickal Democrat Yea
La Shawn K. Ford Democrat Yea
Lawrence "Larry" Walsh, Jr. Democrat Yea
Lilian Jiménez Democrat Yea
Lindsey LaPointe Democrat Yea
Lisa Davis Democrat Yea
Marcus C. Evans, Jr. Democrat Yea
Margaret A. DeLaRosa Democrat Yea
Margaret Croke Democrat Yea
Martha Deuter Democrat Yea
Mary Beth Canty Democrat Yea
Mary Gill Democrat Yea
Matt Hanson Democrat Yea
Maura Hirschauer Democrat Yea
Maurice A. West, II Democrat Yea
Michael Crawford Democrat Yea
Michael J. Kelly Democrat Yea
Michelle Mussman Democrat Yea
Nabeela Syed Democrat Yea
Natalie A. Manley Democrat Yea
Nicholas K. Smith Democrat Yea
Nicolle Grasse Democrat Yea
Norma Hernandez Democrat Yea
Rick Ryan Democrat Yea
Rita Mayfield Democrat Yea
Robert "Bob" Rita Democrat Yea
Robyn Gabel Democrat Yea
Sharon Chung Democrat Yea
Sonya M. Harper Democrat Yea
Stephanie A. Kifowit Democrat Yea
Sue Scherer Democrat Yea
Suzanne M. Ness Democrat Yea
Theresa Mah Democrat Yea
Will Guzzardi Democrat Yea
William "Will" Davis Democrat Yea
Yolonda Morris Democrat Yea
Adam M. Niemerg Republican Yea
Amy Elik Republican Yea
Amy L. Grant Republican Not Voting
Blaine Wilhour Republican Yea
Brad Halbrook Republican Yea
Brad Stephens Republican Yea
Bradley Fritts Republican Yea
Brandun Schweizer Republican Yea
Charles Meier Republican Yea
Chris Miller Republican Yea
Christopher "C.D." Davidsmeyer Republican Yea
Dan Swanson Republican Yea
Daniel J. Ugaste Republican Yea
Dave Severin Republican Yea
David Friess Republican Yea
Dennis Tipsword Republican Yea
Jackie Haas Republican Yea
Jason R. Bunting Republican Yea
Jed Davis Republican Yea
Jeff Keicher Republican Yea
Jennifer Sanalitro Republican Yea
Joe C. Sosnowski Republican Yea
John M. Cabello Republican Yea
Kevin Schmidt Republican Yea
Kyle Moore Republican Yea
Martin McLaughlin Republican Yea
Michael J. Coffey, Jr. Republican Yea
Norine K. Hammond Republican Yea
Patrick Sheehan Republican Yea
Patrick Windhorst Republican Yea
Regan Deering Republican Yea
Ryan Spain Republican Yea
Steven Reick Republican Yea
Tom Weber Republican Yea
Tony M. McCombie Republican Yea
Travis Weaver Republican Yea
Wayne A. Rosenthal Republican Yea
William E Hauter Republican Yea

Official roll call →

Judiciary

Passed 19 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Democrat 13000
Republican 6001
Total 19001
% of votes cast 95%0%0%5%
How each member voted (20)
Member Party Vote
Ann M. Williams Democrat Yea
Bob Morgan Democrat Yea
Curtis J. Tarver, II Democrat Yea
Dagmara Avelar Democrat Yea
Daniel Didech Democrat Yea
Dave Vella Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Kevin John Olickal Democrat Yea
Lilian Jiménez Democrat Yea
Mary Beth Canty Democrat Yea
Maurice A. West, II Democrat Yea
Robert "Bob" Rita Democrat Yea
Tracy Katz Muhl Democrat Yea
Bradley Fritts Republican Yea
Daniel J. Ugaste Republican Yea
David Friess Republican Yea
Jed Davis Republican Not Voting
Martin McLaughlin Republican Yea
Steven Reick Republican Yea
Tom Weber Republican Yea

Official roll call →

Third Reading

Passed 56 Yea · 0 Nay
Party YeaNayPresentNot Voting
Republican 19000
Democrat 32002
Unaffiliated 4001
Total 55003
% of votes cast 95%0%0%5%
How each member voted (58)
Member Party Vote
Simmons — Yea
Harris, N. — Not Voting
Johnson — Yea
Glowiak Hilton — Yea
Loughran Cappel — Yea
Bill Cunningham Democrat Yea
Celina Villanueva Democrat Yea
Christopher Belt Democrat Yea
Cristina Castro Democrat Not Voting
David Koehler Democrat Yea
Doris Turner Democrat Yea
Elgie R. Sims, Jr. Democrat Yea
Emil Jones, III Democrat Yea
Graciela Guzmán Democrat Yea
Javier L. Cervantes Democrat Yea
Julie A. Morrison Democrat Yea
Karina Villa Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura Ellman Democrat Yea
Laura Fine Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Not Voting
Mark L. Walker Democrat Yea
Mary Edly-Allen Democrat Yea
Mattie Hunter Democrat Yea
Michael E. Hastings Democrat Yea
Michael W. Halpin Democrat Yea
Mike Porfirio Democrat Yea
Omar Aquino Democrat Yea
Patrick J. Joyce Democrat Yea
Paul Faraci Democrat Yea
Rachel Ventura Democrat Yea
Ram Villivalam Democrat Yea
Robert F. Martwick Democrat Yea
Robert Peters Democrat Yea
Sara Feigenholtz Democrat Yea
Steve Stadelman Democrat Yea
Willie Preston Democrat Yea
Andrew S. Chesney Republican Yea
Chapin Rose Republican Yea
Chris Balkema Republican Yea
Craig Wilcox Republican Yea
Dale Fowler Republican Yea
Darby A. Hills Republican Yea
Dave Syverson Republican Yea
Donald P. DeWitte Republican Yea
Erica Harriss Republican Yea
Jason Plummer Republican Yea
Jil Tracy Republican Yea
John F. Curran Republican Yea
Li Arellano, Jr. Republican Yea
Neil Anderson Republican Yea
Sally J. Turner Republican Yea
Seth Lewis Republican Yea
Steve McClure Republican Yea
Sue Rezin Republican Yea
Terri Bryant 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 SB3561      do?
Creates the Buy-Now-Pay-Later Loan Regulation Act. Provides that it is unlawful for a person to act as a buy-now-pay-later lender unless the person registers with the Division of Financial Institutions of the Department of Financial and Professional Regulation. Sets forth requirements for registration; duties and powers of the Secretary of Financial and Professional Regulation; and administrative procedures. Provides that a buy-now-pay-lender shall provide specified disclosures to recipients. Provides that a violation of the Act constitutes an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Amends the Consumer Fraud and Deceptive Business Practices Act to make a conforming change.
Who sponsors SB3561     ?
SB3561      is sponsored by Robert "Bob" Rita, Michael E. Hastings (Democrat), Christopher Belt (Democrat), Suzy Glowiak Hilton (Democrat), Michael W. Halpin (Democrat), Cristina Castro (Democrat), Mattie Hunter (Democrat), Doris Turner (Democrat), Graciela Guzmán (Democrat), Adriane L. Johnson (Democrat), Steve Stadelman (Democrat), and Meg Loughran Cappel (Democrat).
What is the current status of SB3561     ?
This bill has been sent to the executive. Introduced February 05, 2026. It awaits signature.
Where can I track SB3561     ?
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