HB 2425 — CURRENCY EXCHANGE BLANKET BOND
Last action — Public Act . . . . . . . . . 93-0614
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✓Introduced
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✓In Committee
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✓Passed House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 20, 2003. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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2 sponsors
0 primary, 2 co-sponsors signed on.
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Mixed recorded votes
3 passed, 1 failed in 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 Currency Exchange Act. Provides that community currency exchanges may meet their bonding requirements by means of a blanket bond that covers currency exchanges that are members of a statewide association. Requires the bond to be in a principal amount of $2,000,000. Effective immediately.
Bill Text
What changed in the latest version
3 added · 3 removedPlain-language change summary
In the updated version of HB 2425, some specific language has been added while corresponding lines from the earlier draft have been removed. This change likely clarifies the bill’s intent or provisions, helping to ensure it is easier to understand. Such adjustments can make a significant difference in how the bill is implemented and enforced, potentially impacting communities directly.
HB2425 EngrossedEnrolled LRB093 08185 JLS 08392 b AN ACT concerning currency exchanges.
_b_______________________s____________________i_____________ _____c_____________________n_______________________l____________ HB2425 EngrossedEnrolled -2- LRB093 08185 JLS 08392 b _____t_____________________t______________________r_____________ _____n_____________________g_______________________b____________ _____t_____________________l______________________e_____________ _____w_____________________c______________________h_____________ _____n_____________________u______________________n_____________ ______b____________________t______________________a_____________ _____t_____________________0__ _c__ An ambulatory currency exchange may sell or issue money orders at any location with regard to which it is issued a license pursuant to this Act, including existing licensed locations, without the necessity of a further application or hearing and without regard to any exceptions contained in existing licenses, upon the filing with the Director of a surety bond approved by the Director and issued by a bonding company or insurance company authorized to do business in Illinois, in the principal sum of $100,000.
This Act takes effect upon HB2425 EngrossedEnrolled -3- LRB093 08185 JLS 08392 b becoming law.
Action History
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Public Act . . . . . . . . . 93-0614
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Effective Date November 18, 2003
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Amendatory Veto Overridden Both Houses
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Override Amendatory Veto - Senate Passed 058-000-000
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3/5 Vote Required
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Motion Filed Override Amendatory Veto Sen. John J. Cullerton
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Placed on Calendar Amendatory Veto November 18, 2003
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Override Amendatory Veto - House Passed 112-001-003
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3/5 Vote Required
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Motion Filed Override Amendatory Veto Rep. Ralph C. Capparelli
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Placed on Calendar Amendatory Veto November 4, 2003
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Governor Amendatory Veto
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Sent to the Governor
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Passed Both Houses
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Third Reading - Passed; 058-000-000
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Placed on Calendar Order of 3rd Reading May 7, 2003
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Second Reading
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Placed on Calendar Order of 2nd Reading May 6, 2003
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Do Pass Financial Institutions; 009-000-000
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Added as Alternate Co-Sponsor Sen. Dan Rutherford
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Assigned to Financial Institutions
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Referred to Rules
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First Reading
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Chief Senate Sponsor Sen. John J. Cullerton
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Placed on Calendar Order of First Reading April 2, 2003
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Arrive in Senate
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Third Reading - Short Debate - Passed 116-000-000
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Placed on Calendar Order of 3rd Reading - Short Debate
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Second Reading - Short Debate
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House Floor Amendment No. 1 Referred to Rules Committee
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House Floor Amendment No. 1 Filed with Clerk by Rep. Ralph C. Capparelli
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Placed on Calendar 2nd Reading - Short Debate
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Do Pass / Short Debate Financial Institutions Committee; 018-000-000
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Re-assigned to Financial Institutions Committee
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Assigned to Executive Committee
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Referred to Rules Committee
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First Reading
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Chief Co-Sponsor Rep. Angelo Saviano
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Chief Co-Sponsor Rep. Richard T. Bradley
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Chief Co-Sponsor Rep. Joseph M. Lyons
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Filed with the Clerk by Rep. Ralph C. Capparelli
Sponsors
- Ralph C. Capparelli · Cosponsor
- Dan Rutherford · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 2 co-sponsors · 181 not signed on
Sponsors (0)
None.
Co-sponsors (2)
- Ralph C. Capparelli
- Dan Rutherford
Not signed on (181)
181 members have not signed on to this bill.
Show all 181 →"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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 50 | 0 | 0 | 1 |
| Democrat | 7 | 0 | 0 | 0 |
| Republican | 1 | 0 | 0 | 0 |
| Total | 58 | 0 | 0 | 1 |
| % of votes cast | 98% | 0% | 0% | 2% |
How each member voted (59)
| Member | Party | Vote |
|---|---|---|
| Sandoval | — | Yea |
| Sieben | — | Yea |
| Silverstein | — | Yea |
| Lauzen | — | Yea |
| Maloney | — | Yea |
| Althoff | — | Yea |
| Martinez | — | Not Voting |
| Bomke | — | Yea |
| Burzynski | — | Yea |
| Forby | — | Yea |
| Geo-Karis | — | Yea |
| Meeks | — | Yea |
| Munoz | — | Yea |
| Haine | — | Yea |
| Brady | — | Yea |
| Sullivan, D. | — | Yea |
| Link | — | Yea |
| Sullivan, J. | — | Yea |
| Petka | — | Yea |
| Luechtefeld | — | Yea |
| Obama | — | Yea |
| Jacobs | — | Yea |
| Peterson | — | Yea |
| Jones, J. | — | Yea |
| Jones, W. | — | Yea |
| Cullerton | — | Yea |
| Watson | — | Yea |
| Demuzio | — | Yea |
| Schoenberg | — | Yea |
| Shadid | — | Yea |
| Soden | — | Yea |
| Trotter | — | Yea |
| Viverito | — | Yea |
| Winkel | — | Yea |
| Wojcik | — | Yea |
| Clayborne | — | Yea |
| Cronin | — | Yea |
| Crotty | — | Yea |
| DeLeo | — | Yea |
| Dillard | — | Yea |
| Garrett | — | Yea |
| Halvorson | — | Yea |
| Hendon | — | Yea |
| Radogno | — | Yea |
| Rauschenberger | — | Yea |
| Righter | — | Yea |
| Risinger | — | Yea |
| Ronen | — | Yea |
| Roskam | — | Yea |
| Rutherford | — | Yea |
| del Valle | — | Yea |
| Don Harmon | Democrat | Yea |
| Emanuel "Chris" Welch | Democrat | Yea |
| Emil Jones, III | Democrat | Yea |
| Kimberly A. Lightford | Democrat | Yea |
| Lakesia Collins | Democrat | Yea |
| Lawrence "Larry" Walsh, Jr. | Democrat | Yea |
| Mattie Hunter | Democrat | Yea |
| Dave Syverson | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 103 | 1 | 0 | 2 |
| Democrat | 6 | 0 | 0 | 3 |
| Republican | 3 | 0 | 0 | 0 |
| Total | 112 | 1 | 0 | 5 |
| % of votes cast | 95% | 1% | 0% | 4% |
How each member voted (118)
| Member | Party | Vote |
|---|---|---|
| Saviano | — | Yea |
| Schmitz | — | Yea |
| Slone | — | Yea |
| Sommer | — | Yea |
| Soto | — | Yea |
| Leitch | — | Yea |
| Madigan | — | Yea |
| Acevedo | — | Yea |
| Aguilar | — | Yea |
| Bassi | — | Yea |
| Beaubien | — | Yea |
| Bellock | — | Yea |
| Berrios | — | Yea |
| Mautino | — | Yea |
| Biggins | — | Yea |
| Black | — | Yea |
| Boland | — | Yea |
| May | — | Yea |
| Bost | — | Yea |
| Brauer | — | Yea |
| Brosnahan | — | Yea |
| McAuliffe | — | Yea |
| Hultgren | — | Yea |
| Jefferson | — | Yea |
| O'Brien | — | Yea |
| Pankau | — | Yea |
| Parke | — | Yea |
| Lindner | — | Yea |
| Mathias | — | Yea |
| McKeon | — | Yea |
| Lyons, Eileen | — | Yea |
| Mendoza | — | Yea |
| Bailey | — | Yea |
| Lyons, Joseph | — | Yea |
| Meyer | — | Yea |
| Millner | — | Yea |
| Reitz | — | Yea |
| Moffitt | — | Yea |
| Molaro | — | Yea |
| Morrow | — | Yea |
| Pihos | — | Yea |
| Scully | — | Yea |
| Tenhouse | — | Yea |
| Verschoore | — | Yea |
| McGuire | — | Yea |
| Bradley, John | — | Yea |
| Bradley, Richard | — | Yea |
| Brady | — | Yea |
| Mitchell, Bill | — | Yea |
| Hannig | — | Yea |
| Mitchell, Jerry | — | Yea |
| Burke | — | Yea |
| Sullivan | — | Yea |
| Howard | — | Yea |
| Capparelli | — | Yea |
| Churchill | — | Yea |
| Dunkin | — | Yea |
| Dunn | — | Yea |
| Eddy | — | Yea |
| Flider | — | Yea |
| Flowers | — | Yea |
| Franks | — | Yea |
| Fritchey | — | Yea |
| Froehlich | — | Yea |
| Giles | — | Yea |
| Graham | — | Yea |
| Granberg | — | Yea |
| Grunloh | — | Yea |
| Hamos | — | Yea |
| Hassert | — | Yea |
| Holbrook | — | Yea |
| Krause | — | Yea |
| Kurtz | — | Yea |
| Lang | — | Yea |
| Watson | — | Yea |
| Jones | — | Yea |
| Davis, Monique | — | Yea |
| Davis, Steve | — | Yea |
| McCarthy | — | Not Voting |
| Mulligan | — | Yea |
| Munson | — | Yea |
| Myers | — | Yea |
| Nekritz | — | Yea |
| Novak | — | Yea |
| Osmond | — | Yea |
| Osterman | — | Yea |
| Turner | — | Not Voting |
| Wait | — | Yea |
| Washington | — | Nay |
| Winters | — | Yea |
| Wirsing | — | Yea |
| Yarbrough | — | Yea |
| Younge | — | Yea |
| Colvin | — | Yea |
| Coulson | — | Yea |
| Cross | — | Yea |
| Cultra | — | Yea |
| Currie | — | Yea |
| Daniels | — | Yea |
| Jakobsson | — | Yea |
| Kosel | — | Yea |
| Phelps | — | Yea |
| Poe | — | Yea |
| Ryg | — | Yea |
| Sacia | — | Yea |
| Chapa LaVia | — | Yea |
| Eva-Dina Delgado | Democrat | Yea |
| Jay Hoffman | Democrat | Not Voting |
| Lakesia Collins | Democrat | Not Voting |
| Michael J. Kelly | Democrat | Yea |
| Nicholas K. Smith | Democrat | Yea |
| Patrick J. Joyce | Democrat | Not Voting |
| Robert "Bob" Rita | Democrat | Yea |
| Sara Feigenholtz | Democrat | Yea |
| William "Will" Davis | Democrat | Yea |
| Brad Stephens | Republican | Yea |
| Chapin Rose | Republican | Yea |
| Chris Miller | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 50 | 0 | 0 | 1 |
| Democrat | 7 | 0 | 0 | 0 |
| Republican | 1 | 0 | 0 | 0 |
| Total | 58 | 0 | 0 | 1 |
| % of votes cast | 98% | 0% | 0% | 2% |
How each member voted (59)
| Member | Party | Vote |
|---|---|---|
| Sandoval | — | Yea |
| Soden | — | Yea |
| Luechtefeld | — | Yea |
| Althoff | — | Yea |
| Martinez | — | Yea |
| Bomke | — | Yea |
| Burzynski | — | Yea |
| Geo-Karis | — | Yea |
| Haine | — | Yea |
| Halvorson | — | Yea |
| Obama | — | Yea |
| Lauzen | — | Yea |
| Brady | — | Yea |
| Sullivan, J. | — | Yea |
| Petka | — | Yea |
| Link | — | Yea |
| Maloney | — | Yea |
| Meeks | — | Yea |
| Jacobs | — | Yea |
| Jones, J. | — | Yea |
| Jones, W. | — | Yea |
| Watson | — | Yea |
| Cullerton | — | Yea |
| Schoenberg | — | Yea |
| Demuzio | — | Yea |
| Shadid | — | Yea |
| Sieben | — | Yea |
| Munoz | — | Not Voting |
| Trotter | — | Yea |
| Viverito | — | Yea |
| Winkel | — | Yea |
| Clayborne | — | Yea |
| Cronin | — | Yea |
| Crotty | — | Yea |
| DeLeo | — | Yea |
| Dillard | — | Yea |
| Garrett | — | Yea |
| Hendon | — | Yea |
| Wojcik | — | Yea |
| Woolard | — | Yea |
| Silverstein | — | Yea |
| Sullivan, D. | — | Yea |
| Peterson | — | Yea |
| Radogno | — | Yea |
| Rauschenberger | — | Yea |
| Righter | — | Yea |
| Risinger | — | Yea |
| Ronen | — | Yea |
| Roskam | — | Yea |
| Rutherford | — | Yea |
| del Valle | — | Yea |
| Don Harmon | Democrat | Yea |
| Emanuel "Chris" Welch | Democrat | Yea |
| Emil Jones, III | Democrat | Yea |
| Kimberly A. Lightford | Democrat | Yea |
| Lakesia Collins | Democrat | Yea |
| Lawrence "Larry" Walsh, Jr. | Democrat | Yea |
| Mattie Hunter | Democrat | Yea |
| Dave Syverson | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 104 | 0 | 0 | 2 |
| Democrat | 9 | 0 | 0 | 0 |
| Republican | 3 | 0 | 0 | 0 |
| Total | 116 | 0 | 0 | 2 |
| % of votes cast | 98% | 0% | 0% | 2% |
How each member voted (118)
| Member | Party | Vote |
|---|---|---|
| Saviano | — | Yea |
| Schmitz | — | Yea |
| Sommer | — | Yea |
| Soto | — | Yea |
| Turner | — | Yea |
| Wirsing | — | Yea |
| Acevedo | — | Yea |
| Aguilar | — | Yea |
| Bassi | — | Yea |
| Beaubien | — | Yea |
| Bellock | — | Yea |
| Berrios | — | Yea |
| Biggins | — | Yea |
| Black | — | Yea |
| Boland | — | Yea |
| Bost | — | Yea |
| Brauer | — | Yea |
| Brosnahan | — | Yea |
| Brunsvold | — | Not Voting |
| Capparelli | — | Yea |
| Colvin | — | Yea |
| McAuliffe | — | Yea |
| Moffitt | — | Yea |
| Coulson | — | Yea |
| Mulligan | — | Yea |
| Nekritz | — | Yea |
| Hultgren | — | Yea |
| Jefferson | — | Yea |
| Pankau | — | Yea |
| Lang | — | Yea |
| Leitch | — | Yea |
| Lindner | — | Yea |
| Mathias | — | Yea |
| Mautino | — | Yea |
| May | — | Yea |
| McCarthy | — | Yea |
| Mendoza | — | Yea |
| Bailey | — | Yea |
| Lyons, Eileen | — | Yea |
| Meyer | — | Yea |
| Millner | — | Yea |
| Lyons, Joseph | — | Yea |
| Parke | — | Yea |
| Reitz | — | Yea |
| Phelps | — | Yea |
| Poe | — | Yea |
| Scully | — | Yea |
| Slone | — | Yea |
| McGuire | — | Yea |
| Bradley, Richard | — | Yea |
| Brady | — | Yea |
| Hannig | — | Yea |
| Mitchell, Bill | — | Yea |
| Dunkin | — | Yea |
| Dunn | — | Yea |
| Eddy | — | Yea |
| Flider | — | Yea |
| Flowers | — | Yea |
| Forby | — | Yea |
| Franks | — | Yea |
| Fritchey | — | Yea |
| Froehlich | — | Yea |
| Giles | — | Yea |
| Graham | — | Yea |
| Granberg | — | Yea |
| Hamos | — | Yea |
| Hartke | — | Yea |
| Burke | — | Yea |
| Mitchell, Jerry | — | Yea |
| Krause | — | Yea |
| Kurtz | — | Yea |
| Sullivan | — | Yea |
| Madigan | — | Yea |
| McKeon | — | Not Voting |
| Molaro | — | Yea |
| Howard | — | Yea |
| Morrow | — | Yea |
| Munson | — | Yea |
| Myers | — | Yea |
| Watson | — | Yea |
| Novak | — | Yea |
| Jones | — | Yea |
| O'Brien | — | Yea |
| Osmond | — | Yea |
| Osterman | — | Yea |
| Davis, Monique | — | Yea |
| Davis, Steve | — | Yea |
| Tenhouse | — | Yea |
| Wait | — | Yea |
| Washington | — | Yea |
| Winters | — | Yea |
| Yarbrough | — | Yea |
| Younge | — | Yea |
| Churchill | — | Yea |
| Cross | — | Yea |
| Cultra | — | Yea |
| Currie | — | Yea |
| Daniels | — | Yea |
| Hassert | — | Yea |
| Holbrook | — | Yea |
| Jakobsson | — | Yea |
| Kosel | — | Yea |
| Pihos | — | Yea |
| Ryg | — | Yea |
| Sacia | — | Yea |
| Chapa LaVia | — | Yea |
| Eva-Dina Delgado | Democrat | Yea |
| Jay Hoffman | Democrat | Yea |
| Lakesia Collins | Democrat | Yea |
| Michael J. Kelly | Democrat | Yea |
| Nicholas K. Smith | Democrat | Yea |
| Patrick J. Joyce | Democrat | Yea |
| Robert "Bob" Rita | Democrat | Yea |
| Sara Feigenholtz | Democrat | Yea |
| William "Will" Davis | Democrat | Yea |
| Brad Stephens | Republican | Yea |
| Chapin Rose | Republican | Yea |
| Chris Miller | Republican | Yea |
Subjects
Frequently asked questions
- What does HB 2425 do?
- Amends the Currency Exchange Act. Provides that community currency exchanges may meet their bonding requirements by means of a blanket bond that covers currency exchanges that are members of a statewide association. Requires the bond to be in a principal amount of $2,000,000. Effective immediately.
- Who sponsors HB 2425?
- HB 2425 is sponsored by Ralph C. Capparelli and Dan Rutherford.
- What is the current status of HB 2425?
- This bill has been enacted into law. Introduced February 20, 2003. Enacted.
- Where can I track HB 2425?
- Track HB 2425 free on One Click Politics — get push/email alerts when it moves.
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