Illinois 104th General Assembly Status: Introduced 1 D cosponsors

SB3676      — SALES FINANCE AGENCY-VARIOUS

Last action — Rule 3-9(a) / Re-referred to Assignments

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

This bill has been introduced in the Senate. Introduced February 05, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Stalled 28% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • Introduced

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Amends the Sales Finance Agency Act. Makes changes to defined terms. Provides that applicants for a license shall apply in a form prescribed by the Secretary of Financial and Professional Regulation. Prohibits any person, partnership, association, corporation, limited liability company, or other entity engaged in a business regulated by the Act from operating the business under a name other than the real names of the entity and individuals conducting the business. Grants the Secretary authority to issue a license upon completion of the specified filing and investigatory requirements. Sets forth further licensing requirements. Provides that all moneys received by the Secretary under the Act in conjunction with the provisions relating to sales finance agencies shall be paid into the Financial Institution Fund. Prohibits a sales finance agency from aiding or seeking to aid any person in the violation of the Retail Installment Sales Act or the Motor Vehicle Retail Installment Sales Act. Grants additional investigatory, disciplinary, and examination authority to the Secretary. Establishes rulemaking provisions. Grants the Department authority to adopt rules to provide for review within the Department of the Secretary's decisions affecting the rights of persons or entities under the Act. Allows the Secretary to request a circuit court to assess a civil penalty of up to $10,000 (rather than $1,000) for violations of the Act. Repeals various provisions of the Act. Makes other changes. Effective immediately.

Bill Text

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

Read SB3676 on the official Illinois source →

Action History

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

  2. Placed on Calendar Order of 3rd Reading

  3. Senate Floor Amendment No. 1 Adopted; Ellman

  4. Recalled to Second Reading

  5. Senate Floor Amendment No. 1 Recommend Do Adopt Licensed Activities; 005-000-000

  6. Senate Floor Amendment No. 1 Assignments Refers to Licensed Activities

  7. Senate Floor Amendment No. 1 Referred to Assignments

  8. Senate Floor Amendment No. 1 Filed with Secretary by Sen. Laura Ellman

  9. Placed on Calendar Order of 3rd Reading March 5, 2026

  10. Second Reading

  11. Placed on Calendar Order of 2nd Reading March 3, 2026

  12. Do Pass Licensed Activities; 007-000-000

  13. Assigned to Licensed Activities

  14. Referred to Assignments

  15. First Reading

  16. Filed with Secretary by Sen. Laura Ellman

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 182 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"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

Licensed Activities

Passed 5 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Democrat 2004
Republican 3000
Total 5004
% of votes cast 56%0%0%44%
How each member voted (9)
Member Party Vote
Christopher Belt Democrat Not Voting
Emil Jones, III Democrat Not Voting
Javier L. Cervantes Democrat Yea
Michael E. Hastings Democrat Not Voting
Ram Villivalam Democrat Not Voting
Suzy Glowiak Hilton Democrat Yea
Dave Syverson Republican Yea
Erica Harriss Republican Yea
Steve McClure Republican Yea

Official roll call →

Licensed Activities

Passed 7 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Democrat 4002
Republican 3000
Total 7002
% of votes cast 78%0%0%22%
How each member voted (9)
Member Party Vote
Christopher Belt Democrat Not Voting
Emil Jones, III Democrat Not Voting
Javier L. Cervantes Democrat Yea
Michael E. Hastings Democrat Yea
Ram Villivalam Democrat Yea
Suzy Glowiak Hilton Democrat Yea
Dave Syverson Republican Yea
Erica Harriss Republican Yea
Steve McClure 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 SB3676      do?
Amends the Sales Finance Agency Act. Makes changes to defined terms. Provides that applicants for a license shall apply in a form prescribed by the Secretary of Financial and Professional Regulation. Prohibits any person, partnership, association, corporation, limited liability company, or other entity engaged in a business regulated by the Act from operating the business under a name other than the real names of the entity and individuals conducting the business. Grants the Secretary authority to issue a license upon completion of the specified filing and investigatory requirements. Sets forth further licensing requirements. Provides that all moneys received by the Secretary under the Act in conjunction with the provisions relating to sales finance agencies shall be paid into the Financial Institution Fund. Prohibits a sales finance agency from aiding or seeking to aid any person in the violation of the Retail Installment Sales Act or the Motor Vehicle Retail Installment Sales Act. Grants additional investigatory, disciplinary, and examination authority to the Secretary. Establishes rulemaking provisions. Grants the Department authority to adopt rules to provide for review within the Department of the Secretary's decisions affecting the rights of persons or entities under the Act. Allows the Secretary to request a circuit court to assess a civil penalty of up to $10,000 (rather than $1,000) for violations of the Act. Repeals various provisions of the Act. Makes other changes. Effective immediately.
Who sponsors SB3676     ?
SB3676      is sponsored by Laura Ellman (Democrat).
What is the current status of SB3676     ?
This bill has been introduced in the Senate. Introduced February 05, 2026. It must pass committee before a floor vote.
Where can I track SB3676     ?
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Last checked for changes 3 months ago · updated continuously

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