Illinois HB2540

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On August 9, 2019 in the House:

Governor Approved
Effective Date June 1, 2020
Public Act . . . . . . . . . 101-0259

On June 28, 2019 in the House:

Sent to the Governor

On June 1, 2019 in the House:

Senate Committee Amendment No. 1 House Concurs 115-000-000
House Concurs
Passed Both Houses

On May 31, 2019 in the House:

Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-000-000

On May 30, 2019 in the House:

Arrived in House
Placed on Calendar Order of Concurrence Senate Amendment(s) 1
Senate Committee Amendment No. 1 Motion Filed Concur Rep. Sonya M. Harper
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee

On May 30, 2019 in the Senate:

Third Reading - Passed; 059-000-000

On May 24, 2019 in the Senate:

Rule 2-10 Third Reading Deadline Established As May 31, 2019

On May 17, 2019 in the Senate:

Second Reading
Placed on Calendar Order of 3rd Reading May 20, 2019

On May 16, 2019 in the Senate:

Senate Committee Amendment No. 1 Adopted
Do Pass as Amended Commerce and Economic Development; 008-000-000
Placed on Calendar Order of 2nd Reading May 17, 2019

On May 10, 2019 in the Senate:

Rule 2-10 Committee Deadline Established As May 17, 2019

On May 7, 2019 in the Senate:

Senate Committee Amendment No. 1 Assignments Refers to Commerce and Economic Development

On May 3, 2019 in the Senate:

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Thomas Cullerton
Senate Committee Amendment No. 1 Referred to Assignments

On April 24, 2019 in the Senate:

Assigned to Commerce and Economic Development

On April 11, 2019 in the Senate:

Arrive in Senate

On April 11, 2019 in the House:

Third Reading - Short Debate - Passed 113-000-000

On April 11, 2019 in the Senate:

Placed on Calendar Order of First Reading
Chief Senate Sponsor Sen. Thomas Cullerton
First Reading
Referred to Assignments

On April 10, 2019 in the House:

Second Reading - Short Debate
House Floor Amendment No. 2 Adopted
Placed on Calendar Order of 3rd Reading - Short Debate

On April 9, 2019 in the House:

House Floor Amendment No. 2 Recommends Be Adopted Judiciary - Civil Committee; 010-000-000

On April 2, 2019 in the House:

House Floor Amendment No. 2 Rules Refers to Judiciary - Civil Committee

On April 1, 2019 in the House:

House Floor Amendment No. 2 Filed with Clerk by Rep. Sonya M. Harper
House Floor Amendment No. 2 Referred to Rules Committee

On March 29, 2019 in the House:

Placed on Calendar 2nd Reading - Short Debate

On March 27, 2019 in the House:

House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
Do Pass as Amended / Short Debate Judiciary - Civil Committee; 008-001-000

On March 26, 2019 in the House:

House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee

On March 25, 2019 in the House:

House Committee Amendment No. 1 Filed with Clerk by Rep. Sonya M. Harper
House Committee Amendment No. 1 Referred to Rules Committee

On March 20, 2019 in the House:

Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 004-002-000
Reported Back To Judiciary - Civil Committee;

On February 27, 2019 in the House:

To Commercial Law Subcommittee

On February 26, 2019 in the House:

Assigned to Judiciary - Civil Committee

On February 13, 2019 in the House:

Filed with the Clerk by Rep. Sonya M. Harper
First Reading
Referred to Rules Committee

Senate Amendment 001

Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill, and makes the following changes: (1) removes a Section concerning blockchain-based limited liability companies; (2) removes a Section concerning a public record blockchain study and report; and (3) removes specified defined terms. Makes conforming changes.

House Amendment 002

Modifies the definition of "blockchain" to mean an electronic record created by the use of a decentralized method by multiple parties to verify and store a digital record of transactions which is secured by the use of a cryptographic hash of previous transaction information (as introduced, "blockchain" is defined as a cryptographically secured, chronological, and decentralized consensus ledger or consensus database maintained via Internet, peer-to-peer network, or other interaction).

House Amendment 001

Removes provisions concerning the creation and regulation of personal information protection companies. In provisions concerning a public record blockchain study and report, provides that the Secretary of State shall recommend legislation, including uniform laws, necessary to support the possible use of blockchain technology for public records (currently, support the possible use of blockchain technology for the recording of land records and for other public records). Provides for the blockchain banking study (currently, blockchain insurance and banking study). Makes conforming changes.