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STATE BILLIL SB 3113PASSED
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CREDIT UNIONS-VARIOUS

State of Illinois

Reinserts the provisions of the introduced bill with the following changes. Makes changes to senior management official and executive officer provisions. In provisions concerning the delegation of duties by the board of directors, provides that the board of directors may delegate to the chief management official the hiring of employees other than the chief management official, including, without limitation, vice presidents and other officers (instead of just the hiring of employees other than the chief management official), and fixing their title, grade, and compensation (instead of just their compensation). Removes provisions concerning a credit union's authority to engage in digital asset business activity and perform custodial services. Provides that, when marketing or advertising digital assets, digital asset business activities conducted by covered persons or service providers (instead of digital asset business activities), and related administrative functions to the members of the credit union, the members shall receive the specified information. Makes changes to compliance requirements in provisions concerning the investment of credit union funds in commercial mortgage related securities and collateralized mortgage obligations. Effective immediately.

Status
Passed
Signed or otherwise enacted
Status date
Jul 10, 2026
125 days ago
Current chamber
Senate
Session
2025-2026 Regular Session
IL SB 3113 · PassedJul 10

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Bill details

Last action
Public Act . . . . . . . . . 104-0567 · Jul 10, 2026

Sponsors

DKDavid KoehlerSenator · Democrat · SD-046Primary sponsor
JHJay HoffmanRepresentative · Democrat · HD-113Primary sponsor

Bill history

Newest first.

Jul 10, 2026Public Act . . . . . . . . . 104-0567Senate
Jul 10, 2026Effective Date January 1, 2027Senate
Jul 10, 2026Governor ApprovedSenate
Jun 29, 2026Sent to the GovernorSenate
May 31, 2026Passed Both HousesSenate
May 31, 2026Senate ConcursSenate
May 31, 2026House Floor Amendment No. 2 Senate Concurs 050-006-000Senate
May 31, 2026House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 012-000-000Senate
Show 49 earlier actions
May 31, 2026House Floor Amendment No. 2 Motion to Concur Assignments Referred to ExecutiveSenate
May 31, 2026House Floor Amendment No. 2 Motion to Concur Referred to AssignmentsSenate
May 31, 2026House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. David KoehlerSenate
May 31, 2026Placed on Calendar Order of Concurrence House Amendment(s) 2 - May 31, 2026Senate
May 31, 2026Secretary's Desk - Concurrence House Amendment(s) 2Senate
May 31, 2026House Floor Amendment No. 1 TabledHouse
May 31, 2026Third Reading - Short Debate - Passed 112-002-000House
May 31, 2026Placed on Calendar Order of 3rd Reading - Short DebateHouse
May 31, 2026House Floor Amendment No. 2 AdoptedHouse
May 29, 2026House Floor Amendment No. 2 Recommends Be Adopted Energy & Environment Committee; 023-002-000House
May 29, 2026House Floor Amendment No. 2 Rules Refers to Energy & Environment CommitteeHouse
May 28, 2026House Floor Amendment No. 2 Referred to Rules CommitteeHouse
May 28, 2026House Floor Amendment No. 2 Filed with Clerk by Rep. Jay HoffmanHouse
May 27, 2026House Floor Amendment No. 1 Rules Refers to Energy & Environment CommitteeHouse
May 26, 2026House Floor Amendment No. 1 Referred to Rules CommitteeHouse
May 26, 2026House Floor Amendment No. 1 Filed with Clerk by Rep. Jay HoffmanHouse
May 22, 2026Third Reading/Final Action Deadline Extended-9(b) May 31, 2026House
May 19, 2026Held on Calendar Order of Second Reading - Short DebateHouse
May 19, 2026Second Reading - Short DebateHouse
May 13, 2026Placed on Calendar 2nd Reading - Short DebateHouse
May 13, 2026Do Pass / Short Debate Executive Committee; 008-003-000House
May 12, 2026Chief House Sponsor Rep. Jay HoffmanHouse
May 12, 2026Alternate Chief Sponsor Removed Rep. Ryan SpainHouse
May 7, 2026Committee Deadline Extended-Rule 9(b) May 15, 2026House
Apr 27, 2026Assigned to Executive CommitteeHouse
Apr 16, 2026Referred to Rules CommitteeHouse
Apr 16, 2026First ReadingHouse
Apr 16, 2026Chief House Sponsor Rep. Ryan SpainHouse
Apr 15, 2026Arrived in HouseHouse
Apr 15, 2026Third Reading - Passed; 055-000-000Senate
Apr 15, 2026Placed on Calendar Order of 3rd ReadingSenate
Apr 15, 2026Senate Floor Amendment No. 2 Adopted; KoehlerSenate
Apr 15, 2026Recalled to Second ReadingSenate
Apr 15, 2026Senate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 006-000-000Senate
Apr 14, 2026Senate Floor Amendment No. 2 Assignments Refers to Financial InstitutionsSenate
Apr 1, 2026Senate Floor Amendment No. 2 Referred to AssignmentsSenate
Apr 1, 2026Senate Floor Amendment No. 2 Filed with Secretary by Sen. David KoehlerSenate
Mar 24, 2026Placed on Calendar Order of 3rd Reading March 25, 2026Senate
Mar 24, 2026Second ReadingSenate
Mar 11, 2026Placed on Calendar Order of 2nd Reading March 12, 2026Senate
Mar 11, 2026Do Pass as Amended Financial Institutions; 006-000-000Senate
Mar 11, 2026Senate Committee Amendment No. 1 AdoptedSenate
Mar 10, 2026Senate Committee Amendment No. 1 Assignments Refers to Financial InstitutionsSenate
Mar 5, 2026Senate Committee Amendment No. 1 Referred to AssignmentsSenate
Mar 5, 2026Senate Committee Amendment No. 1 Filed with Secretary by Sen. David KoehlerSenate
Feb 10, 2026Assigned to Financial InstitutionsSenate
Feb 2, 2026Referred to AssignmentsSenate
Feb 2, 2026First ReadingSenate
Feb 2, 2026Filed with Secretary by Sen. David KoehlerSenate

Recorded votes

Senate Financial Institutions CommitteeMar 11, 2026 · Senate · 6 yea · 0 nayPassed
Senate Financial Institutions CommitteeMar 11, 2026 · Senate · 6 yea · 0 nayPassed
Senate Financial Institutions CommitteeApr 15, 2026 · Senate · 6 yea · 0 nayPassed
House Executive CommitteeMay 13, 2026 · House · 8 yea · 3 nayPassed
House Energy & Environment CommitteeMay 29, 2026 · House · 23 yea · 2 nayPassed
Senate Executive CommitteeMay 31, 2026 · Senate · 12 yea · 0 nayPassed
Senate Third ReadingApr 15, 2026 · Senate · 55 yea · 0 nayPassed
House Third ReadingMay 31, 2026 · House · 112 yea · 2 nayPassed
Senate ConcurrenceMay 31, 2026 · Senate · 50 yea · 6 nayPassed

Read the bill at the source

This page follows the bill as the legislature records it. For the bill's full text and the official record, use the legislature's own site.

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Bill data from LegiScan, licensed under CC BY 4.0.

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