Loading chat...
IL SB3115
Bill
Status
Failed
1/13/2021
Primary Sponsor
Robert Peters
Click for details
AI Summary
-
Requires currency exchange license applicants to provide a statement demonstrating the business is in good standing with the State of Illinois and in compliance with the Department of Revenue.
-
Repeals the provision allowing community and ambulatory currency exchanges to distribute Supplemental Nutrition Assistance Program (SNAP) benefits.
-
Repeals the prohibition preventing community and ambulatory currency exchanges from issuing tokens to be used as money substitutes for purchasing goods or services.
Legislative Description
CURRENCY EXCHANGE ACT-LICENSES
Last Action
Session Sine Die
1/13/2021
Committee Referrals
Assignments4/12/2020
Financial Institutions2/11/2020
Assignments2/6/2020
Full Bill Text
No bill text available