Illinois 104th General Assembly Status: Introduced 2 D cosponsors

HB3553      — MISLEADING PRACTICES PENALTY

Last action — Rule 19(a) / Re-referred to Rules Committee

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

This bill has been introduced in the House. Introduced February 07, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

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

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

Prognosis

Stalled 30% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 D).

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

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

Summary

Amends the Illinois Banking Act. In provisions concerning the penalty for misleading practices and names, changes the civil penalty that may be imposed to the maximum amount otherwise permitted under specified provisions, $100,000 for each violation (rather than $10,000 for each violation). Provides that the remedies provided in those provisions are in addition to, not to the exclusion of, any other remedies available under the law. Defines terms. Makes other changes.

Bill Text

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

Read HB3553 on the official Illinois source →

Action History

  1. Rule 19(a) / Re-referred to Rules Committee

  2. Added Co-Sponsor Rep. Camille Y. Lilly

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

  4. Second Reading - Short Debate

  5. Placed on Calendar 2nd Reading - Short Debate

  6. Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 008-004-000

  7. House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote

  8. House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee

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

  10. House Committee Amendment No. 1 Filed with Clerk by Rep. Margaret Croke

  11. Assigned to Financial Institutions and Licensing Committee

  12. Referred to Rules Committee

  13. First Reading

  14. Filed with the Clerk by Rep. Margaret Croke

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 181 not signed on · 4 voted No

Sponsors (1)

Co-sponsors (1)

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.

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

Financial Institutions & Licensing

Passed 8 Yea · 4 Nay
Party YeaNayPresentNot Voting
Democrat 8000
Republican 0400
Total 8400
% of votes cast 67%33%0%0%
How each member voted (12)
Member Party Vote
Dagmara Avelar Democrat Yea
Daniel Didech Democrat Yea
Eva-Dina Delgado Democrat Yea
Jaime M. Andrade, Jr. Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Margaret Croke Democrat Yea
Natalie A. Manley Democrat Yea
Rita Mayfield Democrat Yea
Christopher "C.D." Davidsmeyer Republican Nay
Daniel J. Ugaste Republican Nay
Jeff Keicher Republican Nay
Michael J. Coffey, Jr. Republican Nay

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 HB3553      do?
Amends the Illinois Banking Act. In provisions concerning the penalty for misleading practices and names, changes the civil penalty that may be imposed to the maximum amount otherwise permitted under specified provisions, $100,000 for each violation (rather than $10,000 for each violation). Provides that the remedies provided in those provisions are in addition to, not to the exclusion of, any other remedies available under the law. Defines terms. Makes other changes.
Who sponsors HB3553     ?
HB3553      is sponsored by Margaret Croke (Democrat) and Camille Y. Lilly (Democrat).
What is the current status of HB3553     ?
This bill has been introduced in the House. Introduced February 07, 2025. It must pass committee before a floor vote.
Where can I track HB3553     ?
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Last checked for changes 3 months ago · updated continuously

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