SB1797
View on ILGADIGITAL ASSETS & CONS PROT ACT
What this bill does
Creates the Digital Assets and Consumer Protection Act. Provides that the Department of Financial and Professional Regulation shall regulate digital asset business activity in the State. Sets forth provisions concerning: applicability; the powers and duties of the Department; funds; customer protections; custody and protection of customer assets; covered exchanges; compliance; registration; supervision; records; additional procedural provisions; confidentiality; violations; enforcement; rulemaking authority; and severability. Creates the Special Purpose Trust Company Article in the Corporate Fiduciary Act. Sets forth provisions concerning certificates of authority; rulemaking and organization; certificates of authority for foreign corporate fiduciaries; eligibility; fees; and certificates of reciprocity. Makes other changes to various Acts. Effective immediately.
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Pipeline Progress
Current stage: Signed into Law · Last action 234 days ago
How does a bill become law in Illinois?
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Introduction of Bill
A member of the Senate or the House introduces a bill, which is assigned a unique identifying number (e.g., "H.B. ___" for House bills and "S.B. ___" for Senate bills). If not enacted, it must be reintroduced in the next General Assembly with a new number.
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Committee Work — Hearings
The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.
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Committee Work — Markup, Amendments, Report
The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.
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Floor Debate
The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.
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Passage and Consideration in Second Chamber
If the bill passes in the first chamber, it moves to the second chamber for a similar review process. If both chambers approve, it goes to the governor.
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Gubernatorial Action
The governor can sign the bill into law, veto it, or take no action (resulting in an automatic law after 60 days). The type of veto can be total or amendatory. Once signed, the bill becomes a Public Act and is assigned a Public Act number.
Sponsor Context
Bills sponsored by Mark L. Walker advance 14% more often than the chamber average.
Public Engagement
Witness slips
56 slips filed. Proponent / opponent / no position as filed with the committee.
| Name | Organization | Representing | Position | Hearing committee | Hearing date |
|---|---|---|---|---|---|
| David Berland | IDFPR | IDFPR | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| Emily Miller | Office of Illinois Governor JB Pritzker | Office of Illinois Governor JB Pritzker | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| Hannah Kreischer | IDFPR | IDFPR | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| Jake Hamilton | IDFPR | IDFPR | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| John Gay | Office of Illinois Governor JB Pritzker | Office of Illinois Governor JB Pritzker | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| Marc Reiter | IDFPR | IDFPR | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| Michael Frisch | Illinois Blockchain Association | Illinois Blockchain Association | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| Frank W McNeil | McNeil Governmental Services Inc | Woodstock Institute 67East Madison Street Suite 2108 Chicago, Illinois 60603 | Proponent | Financial Institutions & Licensing | 2025-04-29 |
| Marc Reiter | IDFPR | IDFPR | Proponent | Financial Institutions & Licensing | 2025-04-29 |
| Dan Lewis | Illinois Department of Financial and Professional Regulation | Illinois Department of Financial and Professional Regulation | Proponent | Executive | 2025-04-03 |
| David Berland | IDFPR | IDFPR | Proponent | Executive | 2025-04-03 |
| Emily Miller | Office of Illinois Governor JB Pritzker | Office of Illinois Governor JB Pritzker | Proponent | Executive | 2025-04-03 |
| Jake Hamilton | IDFPR | IDFPR | Proponent | Executive | 2025-04-03 |
| John Gay | Office of Illinois Governor JB Pritzker | Office of Illinois Governor JB Pritzker | Proponent | Executive | 2025-04-03 |
| John Napoleon | Self | Self | Proponent | Executive | 2025-04-03 |
| Julia Warheit | Citizen Action Illinois | Citizen Action Illinois | Proponent | Executive | 2025-04-03 |
| Marc Reiter | IDFPR | IDFPR | Proponent | Executive | 2025-04-03 |
| Nicholas Haile | self | self | Proponent | Executive | 2025-04-03 |
| Steve Walsh | Office of the Illinois Attorney General | Office of the Illinois Attorney General | Proponent | Executive | 2025-04-03 |
| aaron c hausken | GFYS | self | Opponent | Financial Institutions & Licensing | 2025-05-28 |
| Ashley Gunn | Coinbase | Coinbase | Opponent | Financial Institutions & Licensing | 2025-05-28 |
| Ashley Gunn | Coinbase | Coinbase | Opponent | Executive | 2025-04-03 |
| Collin Woodward | Game7 | Self | Opponent | Executive | 2025-04-03 |
| Derek Springer | Horizons Law & Consulting Group | Horizons Law & Consulting Group | Opponent | Executive | 2025-04-03 |
| Katherine Kirkpatrick Bos | Illinois Blockchain Association, StarkWare | Not applicable | Opponent | Executive | 2025-04-03 |
| Michael Frisch | Illinois Blockchain Association, Croke Fairchild Duarte & Beres | Not applicable | Opponent | Executive | 2025-04-03 |
| Nelson Rosario | Illinois Blockchain Association | Illinois Blockchain Association | Opponent | Executive | 2025-04-03 |
| Olta Andoni | IBA | Illinois Blockchain Association | Opponent | Executive | 2025-04-03 |
| Patrick Daugherty | Foley & Lardner LLP | Illinois Blockchain Association | Opponent | Executive | 2025-04-03 |
| William Welch | Term Labs | Illinois Blockchain Association | Opponent | Executive | 2025-04-03 |
| Courtney Hedderman | AARP Illinois | AARP Illinois | No Position On Merits | Financial Institutions & Licensing | 2025-05-28 |
| Teresa Jones | AARP-IL | AARP-IL | No Position On Merits | Financial Institutions & Licensing | 2025-04-29 |
| Courtney Hedderman | AARP Illinois | AARP Illinois | No Position On Merits | Executive | 2025-04-03 |
| MARGITA GJONCA | STUDENT | AS A STUDENT, IIT KENT COLLAGE OF LAW | No Position On Merits | Executive | 2025-04-03 |
| Teresa Jones | AARP-IL | AARP-IL | No Position On Merits | Executive | 2025-04-03 |
| David Berland | IDFPR | IDFPR | Proponent | Executive | 2025-04-09 |
| Jake Hamilton | IDFPR | IDFPR | Proponent | Executive | 2025-04-09 |
| Marc Reiter | IDFPR | IDFPR | Proponent | Executive | 2025-04-09 |
| Craig Willert | Capitol Consulting Group IL LLC | CUMBERLAND DRW | No Position On Merits | Executive | 2025-04-09 |
| Jeffrey Glass | Capitol Consulting Group IL LLC | CUMBERLAND DRW | No Position On Merits | Executive | 2025-04-09 |
| David Berland | IDFPR | IDFPR | Proponent | Executive | 2025-05-31 |
| Emily Miller | Office of Illinois Governor JB Pritzker | Office of Illinois Governor JB Pritzker | Proponent | Executive | 2025-05-31 |
| Hannah Kreischer | IDFPR | IDFPR | Proponent | Executive | 2025-05-31 |
| Jake Butcher | Fulcrum Government Strategies | AH CAPITAL MANAGEMENT | Proponent | Executive | 2025-05-31 |
| Jake Hamilton | IDFPR | IDFPR | Proponent | Executive | 2025-05-31 |
| John Gay | Office of Illinois Governor JB Pritzker | Office of Illinois Governor JB Pritzker | Proponent | Executive | 2025-05-31 |
| Marc Reiter | IDFPR | IDFPR | Proponent | Executive | 2025-05-31 |
| David Berland | IDFPR | IDFPR | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| Emily Miller | Office of Illinois Governor JB Pritzker | Office of Illinois Governor JB Pritzker | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| Hannah Kreischer | IDFPR | IDFPR | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| Jake Hamilton | IDFPR | IDFPR | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| John Gay | Office of Illinois Governor JB Pritzker | Office of Illinois Governor JB Pritzker | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| John Nicolay | Nicolay & Dart LLC | Crypto Council for Innovation | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| Marc Reiter | IDFPR | IDFPR | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| Shaw Decremer | Shaw Decremer Consulting LLC | AH Capital Management | Proponent | Financial Institutions & Licensing | 2025-05-28 |
| Ashley Gunn | Coinbase | Coinbase | Opponent | Financial Institutions & Licensing | 2025-05-28 |
Roll-call votes
Total votes and outcome per event. Deciding vote = margin of 1; those voters on the winning side could have changed the outcome by flipping.
| Date | Chamber | Type | Description | Yea | Nay | Present | NV | Outcome | Margin | Deciding voters |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-05-28 | H | Committee | Financial Institutions & Licensing | 7 | 4 | 0 | 1 | Passed | 3 | — |
| 2025-05-30 | H | Floor | Third Reading | 76 | 38 | 1 | 3 | Passed | 38 | — |
| S | Committee | Executive | 8 | 4 | 0 | 1 | Passed | 4 | — | |
| S | Floor | Third Reading | 39 | 17 | 0 | 3 | Passed | 22 | — |
Action History
71 actions recorded. Last action: 2025-08-18 — Public Act . . . . . . . . .104-0428. Each action's meaning and outcome signal are classified automatically.
All actions (table)
| Date | Chamber | Action | Category | Signal |
|---|---|---|---|---|
| 2025-02-06 | Senate | Filed with Secretary bySen. Mark L. Walker Rule 2-7(b) | Introduction & Filing | — |
| 2025-02-06 | Senate | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2025-02-06 | Senate | Referred toAssignments Senate Rule 3-8(a); House Rule 18(a) | Committee Assignment | — |
| 2025-02-18 | Senate | Assigned toExecutive Senate Rule 3-8(a); House Rule 18(b) | Committee Assignment | — |
| 2025-03-12 | Senate | Senate Committee Amendment No. 1 Filed with Secretary bySen. Mark L. Walker | Amendment Actions | — |
| 2025-03-12 | Senate | Senate Committee Amendment No. 1 Referred toAssignments | Amendment Actions | — |
| 2025-03-18 | Senate | Senate Committee Amendment No. 1 Assignments Refers toExecutive | Amendment Actions | — |
| 2025-03-18 | Senate | Added as Co-SponsorSen. Karina Villa Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-03-19 | Senate | Added as Co-SponsorSen. Rachel Ventura Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-03-19 | Senate | Added as Co-SponsorSen. Mike Porfirio Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-03-21 | Senate | Rule 2-10 Committee Deadline Established As April 4, 2025 Rule 2-10(a)(3-4) | Deadlines & Re-referrals | — |
| 2025-04-03 | Senate | Senate Committee Amendment No. 1 Adopted | Amendment Actions | Positive |
| 2025-04-03 | Senate | Do Pass as AmendedExecutive; 008-004-000 Rule 3-11(a)(1), Rule 3-12(a) | Committee Action | Positive |
| 2025-04-03 | Senate | Placed on Calendar Order of 2nd Reading April 4, 2025 Rule 3-12(a), Rule 4-4(7) | Floor Process | Positive |
| 2025-04-04 | Senate | Added as Chief Co-SponsorSen. Graciela Guzmán Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-04 | Senate | Added as Chief Co-SponsorSen. Cristina Castro Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-04 | Senate | Added as Chief Co-SponsorSen. Laura Ellman Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-04 | Senate | Senate Floor Amendment No. 2 Filed with Secretary bySen. Mark L. Walker | Amendment Actions | — |
| 2025-04-04 | Senate | Senate Floor Amendment No. 2 Referred toAssignments | Amendment Actions | — |
| 2025-04-08 | Senate | Senate Floor Amendment No. 2 Assignments Refers toExecutive | Amendment Actions | — |
| 2025-04-08 | Senate | Second Reading Senate Rule 3-12(a)/5-4(a); House Rule 24(a)/40(b) | Floor Process | Positive |
| 2025-04-08 | Senate | Placed on Calendar Order of 3rd Reading April 9, 2025 Rule 4-4(8) | Floor Process | Positive |
| 2025-04-09 | Senate | Added as Co-SponsorSen. Paul Faraci Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-09 | Senate | Added as Co-SponsorSen. Christopher Belt Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-09 | Senate | Added as Co-SponsorSen. Javier L. Cervantes Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-09 | Senate | Sponsor RemovedSen. Michael W. Halpin | Other | — |
| 2025-04-09 | Senate | Added as Co-SponsorSen. Michael E. Hastings Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-09 | Senate | Added as Co-SponsorSen. Robert Peters Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-09 | Senate | Senate Floor Amendment No. 2 Recommend Do AdoptExecutive; 009-004-000 | Amendment Actions | — |
| 2025-04-10 | Senate | Added as Co-SponsorSen. Mary Edly-Allen Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-10 | Senate | Added as Co-SponsorSen. Adriane Johnson Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-10 | Senate | Recalled to Second Reading Rule 5-4(a) | Floor Process | — |
| 2025-04-10 | Senate | Senate Floor Amendment No. 2 Adopted; Walker | Amendment Actions | — |
| 2025-04-10 | Senate | Placed on Calendar Order of 3rd Reading Rule 4-4(8) | Floor Process | Positive |
| 2025-04-10 | Senate | Third Reading - Passed;039-017-000 Rule 5-1(f) | Floor Vote | Positive |
| 2025-04-10 | Senate | Added as Co-SponsorSen. Mike Simmons Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-10 | House | Arrived in House Senate Rule 5-1(d)/4-4(9-11); House Rule 37(d)/31(10-12) | Cross-Chamber | Positive |
| 2025-04-10 | House | Chief House SponsorRep. Edgar González, Jr. Senate Rule 5-1(d)/4-4(9-11); House Rule 37(d)/31(10-12) | Cross-Chamber | Positive |
| 2025-04-11 | House | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2025-04-11 | House | Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a) | Committee Assignment | — |
| 2025-04-17 | House | Assigned toFinancial Institutions and Licensing Committee Senate Rule 3-8(a); House Rule 18(b) | Committee Assignment | — |
| 2025-05-09 | House | Rule 19(a) / Re-referred toRules Committee House Rule 19(a); Senate analog: Rule 3-9(a) | Deadlines & Re-referrals | Mild − |
| 2025-05-23 | House | Assigned toFinancial Institutions and Licensing Committee Senate Rule 3-8(a); House Rule 18(b) | Committee Assignment | — |
| 2025-05-23 | House | Committee/Final Action Deadline Extended-9(b) May 31, 2025 Rule 2-10(d) | Deadlines & Re-referrals | Mild + |
| 2025-05-27 | House | House Committee Amendment No. 1 Filed with Clerk byRep. Edgar González, Jr. | Amendment Actions | — |
| 2025-05-27 | House | House Committee Amendment No. 1 Referred toRules Committee | Amendment Actions | — |
| 2025-05-27 | House | Motion Filed to Suspend Rule 21Financial Institutions and Licensing Committee;Rep. Bob Morgan | Other | — |
| 2025-05-27 | House | Motion to Suspend Rule 21 - Prevailed075-039-000 Senate Rule 4-4/7-4; House Rule 31/54 | Procedural | — |
| 2025-05-28 | House | House Committee Amendment No. 1 Rules Refers toFinancial Institutions and Licensing Committee | Amendment Actions | — |
| 2025-05-28 | House | House Committee Amendment No. 1 Adopted inFinancial Institutions and Licensing Committee; by Voice Vote | Amendment Actions | — |
| 2025-05-28 | House | Do Pass as Amended / Short DebateFinancial Institutions and Licensing Committee; 007-004-000 Rule 3-11(a)(1), Rule 3-12(a) | Committee Action | Positive |
| 2025-05-28 | House | Placed on Calendar 2nd Reading - Short Debate Senate Rule 4-4(7-8)/5-2; House Rule 31(8-9)/38/52 | Floor Process | Positive |
| 2025-05-28 | House | Second Reading - Short Debate Senate Rule 3-12(a)/5-4(a); House Rule 24(a)/40(b)/52(a)(1) | Floor Process | Positive |
| 2025-05-28 | House | Held on Calendar Order of Second Reading - Short Debate Senate Rule 4-4(7-8)/5-2; House Rule 31(8-9)/38/52 | Floor Process | — |
| 2025-05-29 | House | Added Alternate Co-SponsorRep. Camille Y. Lilly Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-05-30 | House | Placed on Calendar Order of 3rd Reading - Short Debate Rule 4-4(8) | Floor Process | Positive |
| 2025-05-30 | House | Third Reading - Short Debate - Passed076-038-001 Senate Rule 5-1(f)/7-1/7-2; House Rule 37(f)/49/50 | Floor Vote | Positive |
| 2025-05-30 | Senate | Secretary's Desk - Concurrence House Amendment(s) 1 Senate Rule 8-1/Article VIII; House Rule 72/Article VIII | Concurrence | — |
| 2025-05-30 | Senate | Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 30, 2025 Senate Rule 8-1/Article VIII; House Rule 72/Article VIII | Concurrence | Mild + |
| 2025-05-31 | Senate | House Committee Amendment No. 1 Motion to Concur Filed with SecretarySen. Mark L. Walker | Amendment Actions | — |
| 2025-05-31 | Senate | House Committee Amendment No. 1 Motion to Concur Referred toAssignments | Amendment Actions | — |
| 2025-05-31 | Senate | House Committee Amendment No. 1 Motion to Concur Assignments Referred toExecutive | Amendment Actions | — |
| 2025-05-31 | Senate | House Committee Amendment No. 1 Motion To Concur Recommended Do AdoptExecutive; 009-004-000 | Amendment Actions | — |
| 2025-06-01 | Senate | 3/5 Vote Required Senate Rule 7-19(a); House Rule 69 | Floor Process | — |
| 2025-06-01 | Senate | House Committee Amendment No. 1 Senate Concurs041-015-000 | Amendment Actions | Positive |
| 2025-06-01 | Senate | Senate Concurs Senate Rule 8-1/Article VIII; House Rule 72/Article VIII | Concurrence | Positive |
| 2025-06-01 | Senate | Passed Both Houses Rule 8-1, Rule 8-4 | Concurrence | Positive |
| 2025-06-30 | Senate | Sent to the Governor Senate Article IX/Rules 9-1 to 9-6; House Article IX/Rules 77-82 | Governor Action | Positive |
| 2025-08-18 | Senate | Governor Approved Senate Article IX/Rules 9-1 to 9-6; House Article IX/Rules 77-82 | Governor Action | Positive |
| 2025-08-18 | Senate | Effective Date August 18, 2025 Article IX | Enacted Into Law | Law |
| 2025-08-18 | Senate | Public Act . . . . . . . . .104-0428 Article IX | Enacted Into Law | Law |