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IL HB2962

Bill

Official Source

Status

Introduced

2/18/2021

Primary Sponsor

Camille Lilly

Click for details

Origin

House of Representatives

102nd General Assembly

AI Summary

  • Requires currency exchange license applicants to provide a statement certifying that the business is in good standing with the State of Illinois and in compliance with the Department of Revenue

  • Repeals Section 3.2 of the Currency Exchange Act, which previously allowed community and ambulatory currency exchanges to distribute Supplemental Nutrition Assistance Program (SNAP) benefits

  • Repeals Section 9 of the Currency Exchange Act, which previously prohibited community and ambulatory currency exchanges from issuing tokens to be used instead of money for purchasing goods or services

Legislative Description

CURRENCY EXCHANGE ACT-LICENSES

Last Action

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

3/27/2021

Committee Referrals

Rules3/27/2021
Financial Institutions3/9/2021
Rules2/19/2021

Full Bill Text

No bill text available