SB1994
View on ILGACREDIT UNIONS-VARIOUS
What this bill does
Amends the Illinois Credit Union Act. Authorizes a credit union to furnish information to any person on a list submitted and periodically updated by a member who is an elderly person or person with a disability or to specified other persons, if there is suspicion by the credit union that the member has been or may become a victim of financial exploitation. Provides that the board of directors of a credit union with a composite rating of either 1 or 2 under the Uniform Financial Institutions Rating System known as the CAMELS supervisory rating system and a management rating under such composite rating of either 1 or 2 may meet not less than 4 (instead of 6) times annually. Provides that the supervisory committee of a credit union with assets of less than $10,000,000 may, at its option, engage (instead of a credit union with assets of $5,000,000 or more, but less than $10,000,000 shall engage) a licensed certified public accountant or licensed certified public accounting firm to perform specified auditing and other services. Permits the merger of credit unions, without meeting certain voting and notice requirements, where supervisory concerns exist and upon agreement of the boards of directors of the merging and continuing credit unions, as confirmed by a majority vote of the directors present at a meeting of each board at which a quorum is present. Makes other changes.
PASSED INTO LAW
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Pipeline Progress
Current stage: Signed into Law · Last action 237 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
David Koehler
Moderate Influence (#6)
Bridges legislative blocs (high betweenness)
Bills sponsored by David Koehler advance 6% more often than the chamber average.
Public Engagement
10 witness slips filed
8 proponents / 1 opponents
6 organizations
Witness slips
10 slips filed. Proponent / opponent / no position as filed with the committee.
| Name | Organization | Representing | Position | Hearing committee | Hearing date |
|---|---|---|---|---|---|
| Ashley Sharp | Illinois Credit Union League | Illinois Credit Union League | Proponent | Financial Institutions & Licensing | 2025-04-29 |
| Stephen Olson | Olson Government Consulting, LLC | Illinois Credit Union League | Proponent | Financial Institutions & Licensing | 2025-04-29 |
| Ashley Sharp | Illinois Credit Union League | Illinois Credit Union League | Proponent | Financial Institutions | 2025-03-05 |
| David Schwartz | Self | Self | Proponent | Financial Institutions | 2025-03-05 |
| Stephen R Olson | Olson Government Consulting, LLC | Illinois Credit Union League | Proponent | Financial Institutions | 2025-03-05 |
| Marc Reiter | IDFPR | IDFPR | No Position On Merits | Financial Institutions & Licensing | 2025-04-29 |
| Cooper Henry | NA | Proponent | Financial Institutions & Licensing | 2025-05-20 | |
| David Schwartz | Self | Self | Proponent | Financial Institutions & Licensing | 2025-05-20 |
| Stephen Olson | Olson Government Consulting, LLC | Illinois Credit Union League | Proponent | Financial Institutions & Licensing | 2025-05-20 |
| George Junior Abel | none | self | Opponent | Executive | 2025-05-29 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| H | Committee | Financial Institutions & Licensing | 11 | 0 | 0 | 1 | Passed | 11 | — | |
| 2025-05-28 | H | Floor | Third Reading | 114 | 0 | 0 | 4 | Passed | 114 | — |
| S | Committee | Financial Institutions | 8 | 0 | 0 | 1 | Passed | 8 | — | |
| S | Floor | Apr 09, 2025 | 56 | 0 | 0 | 3 | Passed | 56 | — |
Action History
47 actions recorded. Last action: 2025-08-15 — Public Act . . . . . . . . .104-0403. Each action's meaning and outcome signal are classified automatically.
2025-02-06
Introduction & Filing
Filed with Secretary bySen. David Koehler Rule 2-7(b)
Bill officially submitted to the Senate Secretary during the session.
2025-02-06
Introduction & Filing
First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38
Formal introduction — title read into the official record. Required procedural step; bill now exists in the system.
2025-02-06
Committee Assignment
Referred toAssignments Senate Rule 3-8(a); House Rule 18(a)
Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.
2025-02-25
Committee Assignment
Assigned toFinancial Institutions Senate Rule 3-8(a); House Rule 18(b)
Sent to a substantive committee (e.g., Transportation, Revenue). This is where the bill gets a real hearing and evaluation.
2025-02-25
Co-Sponsorship
Mild +
Added as Chief Co-SponsorSen. Graciela Guzmán Senate Rule 5-1(a); House Rule 37(a)
A legislator takes on the chief co-sponsor role, a stronger commitment than regular co-sponsorship.
2025-03-03
Amendment Actions
Senate Committee Amendment No. 1 Filed with Secretary bySen. David Koehler
[Amendment] Bill officially submitted to the Senate Secretary during the session.
2025-03-03
Amendment Actions
Senate Committee Amendment No. 1 Referred toAssignments
[Amendment] Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.
2025-03-04
Amendment Actions
Senate Committee Amendment No. 1 Assignments Refers toFinancial Institutions
[Amendment] Senate Assignments Committee forwards the bill to a substantive committee.
2025-03-05
Amendment Actions
Positive
Senate Committee Amendment No. 1 Adopted
[Amendment] Bill or resolution adopted by the chamber.
2025-03-05
Committee Action
Positive
Do Pass as AmendedFinancial Institutions; 008-000-000 Rule 3-11(a)(1), Rule 3-12(a)
Committee recommends passage. The most important positive gate — majority of bills never get here.
2025-03-05
Floor Process
Positive
Placed on Calendar Order of 2nd Reading March 6, 2025 Rule 3-12(a), Rule 4-4(7)
Bill placed on the order of Second Reading.
2025-03-18
Floor Process
Positive
Second Reading Senate Rule 3-12(a)/5-4(a); House Rule 24(a)/40(b)
Bill reaches the floor amendment stage. Floor amendments can be offered here.
2025-03-18
Floor Process
Positive
Placed on Calendar Order of 3rd Reading March 19, 2025 Rule 4-4(8)
Bill placed on the Third Reading calendar — queued for final vote.
2025-04-04
Floor Process
Positive
Placed on Calendar Order of 3rd Reading ** Rule 4-4(8)
Bill placed on the Third Reading calendar — queued for final vote.
2025-04-09
Floor Process
Positive
Placed on Calendar Order of 3rd Reading Rule 4-4(8)
Bill placed on the Third Reading calendar — queued for final vote.
2025-04-09
Floor Vote
Positive
Third Reading - Passed;056-000-000 Rule 5-1(f)
Bill PASSED a floor vote on Third Reading. Major milestone — bill has cleared one chamber.
2025-04-09
Cross-Chamber
Positive
Arrived in House Senate Rule 5-1(d)/4-4(9-11); House Rule 37(d)/31(10-12)
Senate bill arrives in the House after passing the Senate.
2025-04-10
Cross-Chamber
Positive
Chief House SponsorRep. Jay Hoffman Senate Rule 5-1(d)/4-4(9-11); House Rule 37(d)/31(10-12)
House sponsor assigned for a Senate bill — bill is being actively managed in the second chamber.
2025-04-10
Introduction & Filing
First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38
Formal introduction — title read into the official record. Required procedural step; bill now exists in the system.
2025-04-10
Committee Assignment
Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a)
Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.
2025-04-17
Committee Assignment
Assigned toFinancial Institutions and Licensing Committee Senate Rule 3-8(a); House Rule 18(b)
Sent to a substantive committee (e.g., Transportation, Revenue). This is where the bill gets a real hearing and evaluation.
2025-04-29
Committee Action
Positive
Do Pass / Short DebateFinancial Institutions and Licensing Committee; 011-000-000 Senate Rule 3-11(a)(1); House Rule 22(a)(1), 52(b)
Committee recommends passage and places it on the Short Debate calendar (limited floor discussion time). Strong positive signal — committee believes bill has broad support.
2025-04-30
Floor Process
Positive
Placed on Calendar 2nd Reading - Short Debate Senate Rule 4-4(7-8)/5-2; House Rule 31(8-9)/38/52
Bill placed on the Second Reading calendar. Positive — bill is queued for floor action.
2025-05-13
Amendment Actions
House Floor Amendment No. 1 Filed with Clerk byRep. Jay Hoffman
[Amendment] Amendment sub-action.
2025-05-13
Amendment Actions
House Floor Amendment No. 1 Referred toRules Committee
[Amendment] Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.
2025-05-14
Amendment Actions
House Floor Amendment No. 1 Rules Refers toFinancial Institutions and Licensing Committee
[Amendment] Amendment sub-action.
2025-05-16
Floor Process
Positive
Second Reading - Short Debate Senate Rule 3-12(a)/5-4(a); House Rule 24(a)/40(b)/52(a)(1)
Bill reaches the floor amendment stage on Short Debate calendar. Major milestone — bill has passed committee and is on the floor.
2025-05-16
Floor Process
Held on Calendar Order of Second Reading - Short Debate Senate Rule 4-4(7-8)/5-2; House Rule 31(8-9)/38/52
Bill was ready for Second Reading but was paused/held by the sponsor. Usually indicates the sponsor is still negotiating amendments or gathering votes. NOT a negative signal — the sponsor controls the pace.
2025-05-20
Amendment Actions
House Floor Amendment No. 1 Recommends Be AdoptedFinancial Institutions and Licensing Committee; 011-000-000
[Amendment] Amendment sub-action.
2025-05-22
Co-Sponsorship
Mild +
Added as Co-SponsorSen. Chris Balkema Senate Rule 5-1(a); House Rule 37(a)
A legislator added as co-sponsor.
2025-05-23
Deadlines & Re-referrals
Mild +
Third Reading/Final Action Deadline Extended-9(b) May 31, 2025 Rule 2-10(d)
Floor vote and final action deadline extended.
2025-05-28
Amendment Actions
Positive
House Floor Amendment No. 1 Adopted
[Amendment] Bill or resolution adopted by the chamber.
2025-05-28
Floor Process
Positive
Placed on Calendar Order of 3rd Reading - Short Debate Rule 4-4(8)
Bill placed on the Third Reading calendar — queued for final vote.
2025-05-28
Floor Vote
Positive
Third Reading - Short Debate - Passed114-000-000 Senate Rule 5-1(f)/7-1/7-2; House Rule 37(f)/49/50
Bill PASSED on Short Debate Third Reading. Bill cleared the chamber.
2025-05-28
Concurrence
Secretary's Desk - Concurrence House Amendment(s) 1 Senate Rule 8-1/Article VIII; House Rule 72/Article VIII
Bill placed on Secretary's Desk awaiting Senate concurrence vote on House amendments.
2025-05-28
Concurrence
Mild +
Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 28, 2025 Senate Rule 8-1/Article VIII; House Rule 72/Article VIII
Concurrence vote scheduled on the calendar.
2025-05-29
Amendment Actions
House Floor Amendment No. 1 Motion to Concur Filed with SecretarySen. David Koehler
[Amendment] Motion filed to agree with the other chamber's amendments.
2025-05-29
Amendment Actions
House Floor Amendment No. 1 Motion to Concur Referred toAssignments
[Amendment] Motion filed to agree with the other chamber's amendments.
2025-05-29
Amendment Actions
House Floor Amendment No. 1 Motion to Concur Assignments Referred toExecutive
[Amendment] Motion filed to agree with the other chamber's amendments.
2025-05-29
Amendment Actions
House Floor Amendment No. 1 Motion To Concur Recommended Do AdoptExecutive; 012-000-000
[Amendment] Motion filed to agree with the other chamber's amendments.
2025-05-31
Amendment Actions
Positive
House Floor Amendment No. 1 Senate Concurs057-000-000
[Amendment] Senate agrees with House amendments to the bill.
2025-05-31
Concurrence
Positive
Senate Concurs Senate Rule 8-1/Article VIII; House Rule 72/Article VIII
Senate agrees with House amendments to the bill.
2025-05-31
Concurrence
Positive
Passed Both Houses Rule 8-1, Rule 8-4
Bill PASSED BOTH CHAMBERS. Major milestone — bill goes to the Governor next.
2025-06-27
Governor Action
Positive
Sent to the Governor Senate Article IX/Rules 9-1 to 9-6; House Article IX/Rules 77-82
Bill transmitted to the Governor for signature. Strong positive — bill has passed both chambers.
2025-08-15
Governor Action
Positive
Governor Approved Senate Article IX/Rules 9-1 to 9-6; House Article IX/Rules 77-82
GOVERNOR SIGNED THE BILL. Bill is now law (pending effective date).
2025-08-15
Enacted Into Law
Law
Effective Date January 1, 2026 Article IX
Law's effective date announced. Most IL laws take effect January 1 of the next year unless otherwise specified.
2025-08-15
Enacted Into Law
Law
Public Act . . . . . . . . .104-0403 Article IX
Bill signed into law — assigned a Public Act number (e.g., PA 104-0032).
All actions (table)
| Date | Chamber | Action | Category | Signal |
|---|---|---|---|---|
| 2025-02-06 | Senate | Filed with Secretary bySen. David Koehler 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 | — |
| 2025-02-25 | Senate | Assigned toFinancial Institutions Senate Rule 3-8(a); House Rule 18(b) | Committee Assignment | — |
| 2025-02-25 | Senate | Added as Chief Co-SponsorSen. Graciela Guzmán Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-03-03 | Senate | Senate Committee Amendment No. 1 Filed with Secretary bySen. David Koehler | Amendment Actions | — |
| 2025-03-03 | Senate | Senate Committee Amendment No. 1 Referred toAssignments | Amendment Actions | — |
| 2025-03-04 | Senate | Senate Committee Amendment No. 1 Assignments Refers toFinancial Institutions | Amendment Actions | — |
| 2025-03-05 | Senate | Senate Committee Amendment No. 1 Adopted | Amendment Actions | Positive |
| 2025-03-05 | Senate | Do Pass as AmendedFinancial Institutions; 008-000-000 Rule 3-11(a)(1), Rule 3-12(a) | Committee Action | Positive |
| 2025-03-05 | Senate | Placed on Calendar Order of 2nd Reading March 6, 2025 Rule 3-12(a), Rule 4-4(7) | Floor Process | Positive |
| 2025-03-18 | Senate | Second Reading Senate Rule 3-12(a)/5-4(a); House Rule 24(a)/40(b) | Floor Process | Positive |
| 2025-03-18 | Senate | Placed on Calendar Order of 3rd Reading March 19, 2025 Rule 4-4(8) | Floor Process | Positive |
| 2025-04-04 | Senate | Placed on Calendar Order of 3rd Reading ** Rule 4-4(8) | Floor Process | Positive |
| 2025-04-09 | Senate | Placed on Calendar Order of 3rd Reading Rule 4-4(8) | Floor Process | Positive |
| 2025-04-09 | Senate | Third Reading - Passed;056-000-000 Rule 5-1(f) | Floor Vote | Positive |
| 2025-04-09 | 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. Jay Hoffman Senate Rule 5-1(d)/4-4(9-11); House Rule 37(d)/31(10-12) | Cross-Chamber | Positive |
| 2025-04-10 | House | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2025-04-10 | 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 | — |
| 2025-04-29 | House | Do Pass / Short DebateFinancial Institutions and Licensing Committee; 011-000-000 Senate Rule 3-11(a)(1); House Rule 22(a)(1), 52(b) | Committee Action | Positive |
| 2025-04-30 | 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 |
| 2025-05-13 | House | House Floor Amendment No. 1 Filed with Clerk byRep. Jay Hoffman | Amendment Actions | — |
| 2025-05-13 | House | House Floor Amendment No. 1 Referred toRules Committee | Amendment Actions | — |
| 2025-05-14 | House | House Floor Amendment No. 1 Rules Refers toFinancial Institutions and Licensing Committee | Amendment Actions | — |
| 2025-05-16 | 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 |
| 2025-05-16 | 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 | — |
| 2025-05-20 | House | House Floor Amendment No. 1 Recommends Be AdoptedFinancial Institutions and Licensing Committee; 011-000-000 | Amendment Actions | — |
| 2025-05-22 | Senate | Added as Co-SponsorSen. Chris Balkema Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-05-23 | House | Third Reading/Final Action Deadline Extended-9(b) May 31, 2025 Rule 2-10(d) | Deadlines & Re-referrals | Mild + |
| 2025-05-28 | House | House Floor Amendment No. 1 Adopted | Amendment Actions | Positive |
| 2025-05-28 | House | Placed on Calendar Order of 3rd Reading - Short Debate Rule 4-4(8) | Floor Process | Positive |
| 2025-05-28 | House | Third Reading - Short Debate - Passed114-000-000 Senate Rule 5-1(f)/7-1/7-2; House Rule 37(f)/49/50 | Floor Vote | Positive |
| 2025-05-28 | Senate | Secretary's Desk - Concurrence House Amendment(s) 1 Senate Rule 8-1/Article VIII; House Rule 72/Article VIII | Concurrence | — |
| 2025-05-28 | Senate | Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 28, 2025 Senate Rule 8-1/Article VIII; House Rule 72/Article VIII | Concurrence | Mild + |
| 2025-05-29 | Senate | House Floor Amendment No. 1 Motion to Concur Filed with SecretarySen. David Koehler | Amendment Actions | — |
| 2025-05-29 | Senate | House Floor Amendment No. 1 Motion to Concur Referred toAssignments | Amendment Actions | — |
| 2025-05-29 | Senate | House Floor Amendment No. 1 Motion to Concur Assignments Referred toExecutive | Amendment Actions | — |
| 2025-05-29 | Senate | House Floor Amendment No. 1 Motion To Concur Recommended Do AdoptExecutive; 012-000-000 | Amendment Actions | — |
| 2025-05-31 | Senate | House Floor Amendment No. 1 Senate Concurs057-000-000 | Amendment Actions | Positive |
| 2025-05-31 | Senate | Senate Concurs Senate Rule 8-1/Article VIII; House Rule 72/Article VIII | Concurrence | Positive |
| 2025-05-31 | Senate | Passed Both Houses Rule 8-1, Rule 8-4 | Concurrence | Positive |
| 2025-06-27 | Senate | Sent to the Governor Senate Article IX/Rules 9-1 to 9-6; House Article IX/Rules 77-82 | Governor Action | Positive |
| 2025-08-15 | Senate | Governor Approved Senate Article IX/Rules 9-1 to 9-6; House Article IX/Rules 77-82 | Governor Action | Positive |
| 2025-08-15 | Senate | Effective Date January 1, 2026 Article IX | Enacted Into Law | Law |
| 2025-08-15 | Senate | Public Act . . . . . . . . .104-0403 Article IX | Enacted Into Law | Law |