Illinois 100th Regular Session Status: In Committee 1 R cosponsors

SB 3133 — REGULATORY SANDBOX ACT

Last action — Session Sine Die

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

This bill died with 100th Regular Session. It reached “In Committee” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 Regulatory Sandbox Act. Creates the regulatory sandbox to enable persons to obtain limited access to the Illinois marketplace in order to test innovations in financial products or services. Provides requirements for approval to enter the regulatory sandbox, the application fee, and approval or denial time. Provides requirements for operating an innovation in the regulatory sandbox and extending a test period. Contains provisions regarding rules and judicial review of the administration of this Act. Makes conforming changes in the State Finance Act. Effective January 1, 2019.

Bill Text

Action History

  1. Session Sine Die

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

  3. Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments

  4. Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

  5. Rule 2-10 Committee/3rd Reading Deadline Established As May 3, 2018

  6. Postponed - Licensed Activities and Pensions

  7. Senate Committee Amendment No. 2 Postponed - Licensed Activities and Pensions

  8. Senate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions

  9. Senate Committee Amendment No. 2 Assignments Refers to Licensed Activities and Pensions

  10. Senate Committee Amendment No. 2 Referred to Assignments

  11. Senate Committee Amendment No. 2 Filed with Secretary by Sen. Dan McConchie

  12. Postponed - Licensed Activities and Pensions

  13. Senate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions

  14. Rule 2-10 Committee Deadline Established As April 27, 2018

  15. Postponed - Licensed Activities and Pensions

  16. Senate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions

  17. Senate Committee Amendment No. 1 Assignments Refers to Licensed Activities and Pensions

  18. Senate Committee Amendment No. 1 Referred to Assignments

  19. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Dan McConchie

  20. Added as Co-Sponsor Sen. Chuck Weaver

  21. Assigned to Licensed Activities and Pensions

  22. Referred to Assignments

  23. First Reading

  24. Filed with Secretary by Sen. Dan McConchie

Sponsors

Sponsorship breakdown

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

Sponsors (0)

None.

Co-sponsors (1)

Not signed on (182)

182 members have not signed on to this bill.

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"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

Subjects

finance technology
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Frequently asked questions

What does SB 3133 do?
Creates the Regulatory Sandbox Act. Creates the regulatory sandbox to enable persons to obtain limited access to the Illinois marketplace in order to test innovations in financial products or services. Provides requirements for approval to enter the regulatory sandbox, the application fee, and approval or denial time. Provides requirements for operating an innovation in the regulatory sandbox and extending a test period. Contains provisions regarding rules and judicial review of the administration of this Act. Makes conforming changes in the State Finance Act. Effective January 1, 2019.
Who sponsors SB 3133?
SB 3133 is sponsored by Dan McConchie (Republican).
What is the current status of SB 3133?
This bill died with 100th Regular Session. It reached “In Committee” 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 3133?
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