HB5290
View on ILGASALES FINANCE AGENCY-VARIOUS
What this bill does
Amends the Sales Finance Agency Act. Makes changes to defined terms. Provides that applicants for a license shall apply in a form prescribed by the Secretary of Financial and Professional Regulation. Prohibits any person, partnership, association, corporation, limited liability company, or other entity engaged in a business regulated by the Act from operating the business under a name other than the real names of the entity and individuals conducting the business. Grants the Secretary authority to issue a license upon completion of the specified filing and investigatory requirements. Sets forth further licensing requirements. Provides that all moneys received by the Secretary under the Act in conjunction with the provisions relating to sales finance agencies shall be paid into the Financial Institution Fund. Prohibits a sales finance agency from aiding or seeking to aid any person in the violation of the Retail Installment Sales Act or the Motor Vehicle Retail Installment Sales Act. Grants additional investigatory, disciplinary, and examination authority to the Secretary. Establishes rulemaking provisions. Grants the Department authority to adopt rules to provide for review within the Department of the Secretary's decisions affecting the rights of persons or entities under the Act. Allows the Secretary to request a circuit court to assess a civil penalty of up to $10,000 (rather than $1,000) for violations of the Act. Repeals various provisions of the Act. Makes other changes. Effective immediately.
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Current stage: In Committee · Last action 242 days ago · STAGNANT
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 Margaret Croke advance 6% more often than the chamber average.
Campaign finance
This is SBE campaign receipts to the people on this bill, not Moneyball and not earmarked to the bill.
Money is campaign receipts to matched candidate committees, not earmarked to this bill. Window 2025-01-01 – 2026-09-13.
Sponsor and voter funding
| Member | Role | Receipts | Total received | Top donors |
|---|---|---|---|---|
| Margaret Croke | Chief sponsor | 821 | $2,491,864.69 | Michael Sacks ($307,300.00); Illinois Laborers' Legislative Committee ($145,600.00); LIUNA Chicago Laborers' District Council PAC ($140,600.00) |
Top donors across these members
| Donor | Occupation | Employer | Receipts | Total |
|---|---|---|---|---|
| Michael Sacks | Executive | GCM Grosvenor | 4 | $307,300.00 |
| Illinois Laborers' Legislative Committee | — | — | 3 | $145,600.00 |
| LIUNA Chicago Laborers' District Council PAC | — | — | 3 | $140,600.00 |
| Illinois Pipe Trades PAC | — | — | 2 | $72,800.00 |
| JB for Governor | — | — | 1 | $72,800.00 |
| Jewish Caucus PAC | — | — | 1 | $72,800.00 |
| Chicago Land Operators Joint Labor-Management PAC | — | — | 6 | $68,500.00 |
| Carpentry Advancement Fund | — | — | 4 | $58,500.00 |
| Health Care Council of Illinois PAC | — | — | 3 | $50,000.00 |
| Margaret Croke for State Central Comm | — | — | 2 | $50,000.00 |
| Margaret Noble Croke | State Representative | State of Illinois | 1 | $40,000.00 |
| Illinois Bankers' PAC | — | — | 4 | $37,500.00 |
| Engineers Political Education Committee Separate Education Fund | — | — | 1 | $35,000.00 |
| Custom Global Logistics | — | — | 3 | $29,600.00 |
| Donald R Wilson, Jr | CEO | DRW | 3 | $27,300.00 |
| Downstate Illinois Laborer's District Council PAC Fund | — | — | 1 | $25,000.00 |
| Friends for Eva Dina Delgado | — | — | 17 | $23,480.00 |
| Associated Beer Distributors of IL PAC | — | — | 5 | $20,449.36 |
| Realtor Political Action Committee | — | — | 5 | $20,000.00 |
| North Central IL Laborers Council PAC | — | — | 1 | $20,000.00 |
| CDN Logistics | — | — | 2 | $17,100.00 |
| Ironworkers District Council of Chicago & Vicinity PAC | — | — | 2 | $16,000.00 |
| Allwyn North America Inc | — | — | 3 | $15,975.41 |
| Drew Beres | Founding Partner | Croke Fairchild Morgan & Beres | 2 | $14,600.00 |
| The Custom Companies, Inc | — | — | 1 | $14,600.00 |
Hearings
This bill has not been scheduled for a committee hearing.
Action History
3 actions recorded. Last action: 2026-02-10 — Referred toRules Committee. Each action's meaning and outcome signal are classified automatically.
All actions (table)
| Date | Chamber | Action | Category | Signal |
|---|---|---|---|---|
| 2026-02-05 | House | Filed with the Clerk byRep. Margaret Croke House Rule 6(b) | Introduction & Filing | — |
| 2026-02-10 | House | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2026-02-10 | House | Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a) | Committee Assignment | — |