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IntroducedDec 17, 2024
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Passed HouseApr 10, 2025
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Passed SenateJun 01, 2025
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Signed into LawJun 16, 2025
REGULATION-TECH
Last Action See all actions
House • Jun 16, 2025: Public Act . . . . . . . . . 104-0004
Latest Bill Text See all bill texts
Summary/Bill Text
Comments on HB 742
Tweets
Whip Lists
Sponsors
- Jennifer Gong-GershowitzHouse cosponsor
- Daniel DidechHouse cosponsor
- Amy BrielHouse cosponsor
- Hoan HuynhHouse cosponsor
- Eva-Dina DelgadoHouse cosponsor
- Lawrence "Larry" Walsh, Jr.House cosponsor
- Angelica Guerrero-CuellarHouse cosponsor
- Martha DeuterHouse cosponsor
- Matt HansonHouse cosponsor
- Natalie A. ManleyHouse cosponsor
- Joyce MasonHouse cosponsor
- Harry BentonHouse cosponsor
- Katie StuartHouse cosponsor
- Dave VellaHouse cosponsor
- Gregg JohnsonHouse cosponsor
- Dagmara AvelarHouse cosponsor
- Rick RyanHouse cosponsor
- Sharon ChungHouse cosponsor
- Jaime M. Andrade, Jr.House cosponsor
- Michael J. KellyHouse cosponsor
- Amy ElikHouse cosponsor
- Travis WeaverHouse cosponsor
- Bradley FrittsHouse cosponsor
- Regan DeeringHouse cosponsor
- Kevin SchmidtHouse cosponsor
- Charles MeierHouse cosponsor
- Dan SwansonHouse cosponsor
- Wayne A. RosenthalHouse cosponsor
- Terra Costa HowardHouse cosponsor
- Jay HoffmanHouse cosponsor
- Mary GillHouse cosponsor
- Ryan SpainHouse cosponsor
- Dan UgasteHouse cosponsor
- Jackie HaasHouse cosponsor
- John M. CabelloHouse cosponsor
- Mark L. WalkerSenate cosponsor
- Mike SimmonsSenate cosponsor
- Laura EllmanSenate cosponsor
- Mike PorfirioSenate cosponsor
- Adriane JohnsonSenate cosponsor
- Robert PetersSenate cosponsor
- Mary Edly-AllenSenate cosponsor
- Rachel VenturaSenate cosponsor
- Karina VillaSenate cosponsor
- Linda HolmesSenate cosponsor
- Graciela GuzmánSenate cosponsor
Lobbyists
| Dan Lewis | Client: Illinois Department of Financial and Professional Regulation | Proponent | Start date: Executive, 2025-05-14 14:00 | End date: |
| Emily Miller | Client: Office of Illinois Governor JB Pritzker | Proponent | Start date: Executive, 2025-05-14 14:00 | End date: |
| Hannah Kreischer | Client: IDFPR | Proponent | Start date: Executive, 2025-05-14 14:00 | End date: |
| Jake Hamilton | Client: IDFPR | Proponent | Start date: Executive, 2025-05-14 14:00 | End date: |
| John Gay | Client: Office of Illinois Governor JB Pritzker | Proponent | Start date: Executive, 2025-05-14 14:00 | End date: |
| Marc Reiter | Client: IDFPR | Proponent | Start date: Executive, 2025-05-14 14:00 | End date: |
| Ashley Gunn | Client: Coinbase | Opponent | Start date: Executive, 2025-05-14 14:00 | End date: |
Votes
YES: 12
- Davidsmeyer, Christopher
- Cabello, John M
- Haas, Jackie
- Gordon-Booth, Jehan
- Mah, Theresa
- Hernandez, Elizabeth "Lisa"
- Smith, Nicholas K
- Rita, Robert "Bob"
- Tarver II, Curtis J
- Spain, Ryan
- Williams, Ann M
- West II, Maurice A
NO: 0
OTHER: 0
YES: 8
- Andrade Jr., Jaime M
- Croke, Margaret
- Didech, Daniel
- Delgado, Eva-Dina
- González Jr., Edgar
- Gong-Gershowitz, Jennifer
- Mayfield, Rita
- Manley, Natalie A
NO: 4
- Coffey Jr., Michael J
- Davidsmeyer, Christopher
- Ugaste, Dan
- Spain, Ryan
OTHER: 0
YES: 38
- Niemerg
- Haas
- Halbrook
- Hammond
- Reick
- Bunting
- Rosenthal
- Cabello
- Schmidt
- Coffey
- Schweizer
- Severin
- Jacobs
- Sheehan
- Davidsmeyer
- Sosnowski
- Davis, Jed
- Spain
- Keicher
- Stephens
- Deering
- La Ha
- Swanson
- Tipsword
- Ugaste
- Elik
- McCombie
- Weaver
- McLaughlin
- Weber
- Meier
- Friess
- Fritts
- Wilhour
- Miller
- Moore
- Windhorst
- Grant
NO: 73
- Mussman
- Guerrero-Cuellar
- Ness
- Guzzardi
- Andrade
- Avelar
- Olickal
- Benton
- OrtÃz, Aarón
- Blair-Sherlock
- Rashid
- Hanson
- Briel
- Harper
- Buckner
- Rita
- Hernandez, Barbara
- Ryan
- Hernandez, Lisa
- Canty
- Hernandez, Norma
- Cassidy
- Hirschauer
- Hoffman
- Huynh
- Costa Howard
- Crawford
- Jiménez
- Slaughter
- Johnson
- Croke
- Smith
- Jones
- Tracy Katz Muhl
- Davis, Lisa
- Stava-Murray
- Kelly
- William "Will" Davis
- Kifowit
- Stuart
- Delgado
- LaPointe
- DeLuca
- Syed
- Lilly
- Deuter
- Tarver
- Mah
- Didech
- Manley
- Du Buclet
- Mason
- Vella
- Mayfield
- Evans
- Walsh
- Faver Dias
- Ford
- West
- Meyers-Martin
- Gabel
- Williams, Ann
- Moeller
- Gill
- Williams, Jawaharial
- Gong-Gershowitz
- Morgan
- González, Edgar
- Morris
- Gordon-Booth
- Welch
- Moylan
- Grasse
NOT VOTING: 1
EXCUSED: 6
- Ammons
- Hauter
- Sanalitro
- Scherer
- Chung
- Crespo
YES: 74
- Mussman
- Guerrero-Cuellar
- Ness
- Guzzardi
- Andrade
- Avelar
- Olickal
- Benton
- OrtÃz, Aarón
- Blair-Sherlock
- Rashid
- Hanson
- Briel
- Harper
- Buckner
- Rita
- Hernandez, Barbara
- Cabello
- Ryan
- Hernandez, Lisa
- Canty
- Hernandez, Norma
- Cassidy
- Hirschauer
- Chung
- Hoffman
- Huynh
- Costa Howard
- Crawford
- Jiménez
- Slaughter
- Croke
- Smith
- Jones
- Tracy Katz Muhl
- Davis, Lisa
- Stava-Murray
- Kelly
- William "Will" Davis
- Kifowit
- Stuart
- Delgado
- LaPointe
- DeLuca
- Syed
- Lilly
- Deuter
- Tarver
- Mah
- Didech
- Manley
- Du Buclet
- Mason
- Vella
- Mayfield
- Evans
- Walsh
- Faver Dias
- Ford
- West
- Meyers-Martin
- Gabel
- Williams, Ann
- Moeller
- Gill
- Williams, Jawaharial
- Gong-Gershowitz
- Morgan
- González, Edgar
- Morris
- Gordon-Booth
- Welch
- Moylan
- Grasse
NO: 37
- Niemerg
- Haas
- Halbrook
- Hammond
- Reick
- Bunting
- Rosenthal
- Schmidt
- Coffey
- Schweizer
- Severin
- Jacobs
- Sheehan
- Davidsmeyer
- Sosnowski
- Davis, Jed
- Spain
- Keicher
- Stephens
- Deering
- La Ha
- Swanson
- Tipsword
- Ugaste
- Elik
- McCombie
- Weaver
- McLaughlin
- Weber
- Meier
- Friess
- Fritts
- Wilhour
- Miller
- Moore
- Windhorst
- Grant
ABSTAIN: 1
NOT VOTING: 2
- Crespo
- Johnson
EXCUSED: 4
- Ammons
- Hauter
- Sanalitro
- Scherer
YES: 9
- Aquino, Omar
- Castro, Cristina
- Cunningham, Bill
- Harris III, Napoleon
- Harmon, Don
- Lightford, Kimberly A
- Holmes, Linda
- Elgie R. Sims, Jr.
- Murphy, Laura M
NO: 4
- Anderson, Neil
- Bryant, Terri
- Curran, John F
- Tracy, Jil
OTHER: 0
YES: 52
- Simmons
- Joyce
- Faraci
- Sims
- Koehler
- Feigenholtz
- Aquino
- Stadelman
- Arellano, L.
- Syverson
- Fowler
- Balkema
- Tracy
- Loughran Cappel
- Glowiak Hilton
- Belt
- Turner, D.
- Martwick
- Guzmán
- Bryant
- Turner, S.
- McClure
- Halpin
- Castro
- Ventura
- Morrison
- Harris, N.
- Cervantes
- Villa
- Murphy
- Harriss, E.
- Chesney
- Villanueva
- Peters
- Collins
- Villivalam
- Plummer
- Cunningham
- Walker
- Porfirio
- Holmes
- Curran
- Preston
- Hunter
- DeWitte
- Harmon
- Rezin
- Johnson
- Edly-Allen
- Rose
- Jones, E.
- Ellman
NO: 4
- Anderson
- Lewis
- Hills
- Wilcox
NOT VOTING: 3
- Fine
- Lightford
- Hastings
YES: 103
- Mussman
- Guerrero-Cuellar
- Ness
- Guzzardi
- Andrade
- Niemerg
- Haas
- Avelar
- Olickal
- Benton
- OrtÃz, Aarón
- Hammond
- Blair-Sherlock
- Rashid
- Hanson
- Briel
- Harper
- Buckner
- Rita
- Hauter
- Bunting
- Rosenthal
- Hernandez, Barbara
- Ryan
- Hernandez, Lisa
- Canty
- Hernandez, Norma
- Cassidy
- Hirschauer
- Chung
- Schmidt
- Hoffman
- Coffey
- Schweizer
- Huynh
- Costa Howard
- Severin
- Jacobs
- Crawford
- Sheehan
- Jiménez
- Crespo
- Slaughter
- Johnson
- Croke
- Smith
- Jones
- Davidsmeyer
- Sosnowski
- Tracy Katz Muhl
- Spain
- Keicher
- Davis, Lisa
- Stava-Murray
- Kelly
- William "Will" Davis
- Stephens
- Kifowit
- Deering
- Stuart
- La Ha
- Delgado
- Swanson
- LaPointe
- DeLuca
- Syed
- Lilly
- Deuter
- Tarver
- Mah
- Didech
- Manley
- Du Buclet
- Ugaste
- Mason
- Elik
- Vella
- Mayfield
- Evans
- Walsh
- McCombie
- Faver Dias
- Weaver
- Ford
- Meier
- West
- Meyers-Martin
- Fritts
- Gabel
- Williams, Ann
- Moeller
- Gill
- Williams, Jawaharial
- Gong-Gershowitz
- Windhorst
- Morgan
- González, Edgar
- Janet Yang Rohr
- Morris
- Gordon-Booth
- Welch
- Moylan
- Grasse
NO: 9
- Halbrook
- Cabello
- Sanalitro
- Davis, Jed
- McLaughlin
- Weber
- Friess
- Miller
- Moore
NOT VOTING: 3
- Scherer
- Tipsword
- Wilhour
EXCUSED: 3
- Ammons
- Reick
- Grant
Actions
- Jun 16, 2025 | House
- Governor Approved
- Effective Date June 16, 2025
- Public Act . . . . . . . . . 104-0004
- Jun 09, 2025 | House
- Sent to the Governor
- Jun 04, 2025 | House
- Added Co-Sponsor Rep. John M. Cabello
- Jun 01, 2025 | House
- Arrived in House
- Placed on Calendar Order of Concurrence Senate Amendment(s) 1
- Senate Floor Amendment No. 1 Motion Filed Concur Rep. Margaret Croke
- Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
- Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000
- Added Co-Sponsor Rep. Jackie Haas
- Motion Filed to Suspend House Rule(s) for Immediate Consideration Rep. Robyn Gabel
- Motion Prevailed to Suspend Rule 074-038-000
- Senate Floor Amendment No. 1 House Concurs 103-009-000
- Passed Both Houses
- Jun 01, 2025 | Senate
- Recalled to Second Reading
- Senate Floor Amendment No. 1 Adopted; Walker
- Placed on Calendar Order of 3rd Reading
- 3/5 Vote Required
- Third Reading - Passed; 052-004-000
- May 31, 2025 | Senate
- Senate Floor Amendment No. 1 Be Approved for Consideration Assignments
- May 31, 2025 | House
- Chief Sponsor Changed to Rep. Margaret Croke
- Added Chief Co-Sponsor Rep. Curtis J. Tarver, II
- Added Chief Co-Sponsor Rep. Nicholas K. Smith
- Added Chief Co-Sponsor Rep. Jennifer Gong-Gershowitz
- Added Chief Co-Sponsor Rep. Daniel Didech
- Added Co-Sponsor Rep. Eva-Dina Delgado
- Added Co-Sponsor Rep. Lawrence "Larry" Walsh, Jr.
- Added Co-Sponsor Rep. Angelica Guerrero-Cuellar
- Added Co-Sponsor Rep. Martha Deuter
- Added Co-Sponsor Rep. Matt Hanson
- Added Co-Sponsor Rep. Natalie A. Manley
- Added Co-Sponsor Rep. Joyce Mason
- Added Co-Sponsor Rep. Harry Benton
- Added Co-Sponsor Rep. Katie Stuart
- Added Co-Sponsor Rep. Dave Vella
- Added Co-Sponsor Rep. Gregg Johnson
- Added Co-Sponsor Rep. Dagmara Avelar
- Added Co-Sponsor Rep. Rick Ryan
- Added Co-Sponsor Rep. Sharon Chung
- Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
- Added Co-Sponsor Rep. Michael J. Kelly
- Added Co-Sponsor Rep. Amy Elik
- Added Co-Sponsor Rep. Travis Weaver
- Added Co-Sponsor Rep. Bradley Fritts
- Added Co-Sponsor Rep. Regan Deering
- Added Co-Sponsor Rep. Kevin Schmidt
- Added Co-Sponsor Rep. Charles Meier
- Added Co-Sponsor Rep. Dan Swanson
- Added Co-Sponsor Rep. Wayne A. Rosenthal
- Added Co-Sponsor Rep. Terra Costa Howard
- Added Co-Sponsor Rep. Jay Hoffman
- Added Co-Sponsor Rep. Mary Gill
- Added Co-Sponsor Rep. Ryan Spain
- Added Co-Sponsor Rep. Dan Ugaste
- May 31, 2025 | Senate
- Senate Floor Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker
- Senate Floor Amendment No. 1 Referred to Assignments
- May 27, 2025 | Senate
- Added as Alternate Co-Sponsor Sen. Graciela Guzmán
- May 26, 2025 | Senate
- Added as Alternate Co-Sponsor Sen. Linda Holmes
- May 23, 2025 | Senate
- Rule 2-10 Third Reading/Passage Deadline Established As June 1, 2025
- May 16, 2025 | Senate
- Added as Alternate Co-Sponsor Sen. Mary Edly-Allen
- Added as Alternate Co-Sponsor Sen. Rachel Ventura
- Added as Alternate Co-Sponsor Sen. Karina Villa
- May 15, 2025 | Senate
- Do Pass Executive; 009-004-000
- Second Reading
- Placed on Calendar Order of 3rd Reading May 20, 2025
- Added as Alternate Co-Sponsor Sen. Robert Peters
- May 14, 2025 | Senate
- Added as Alternate Co-Sponsor Sen. Mike Simmons
- Added as Alternate Co-Sponsor Sen. Laura Ellman
- Added as Alternate Co-Sponsor Sen. Mike Porfirio
- Added as Alternate Co-Sponsor Sen. Adriane Johnson
- May 09, 2025 | Senate
- Rule 2-10 Committee Deadline Established As May 23, 2025
- Apr 29, 2025 | Senate
- Assigned to Executive
- Alternate Chief Sponsor Changed to Sen. Mark L. Walker
- Apr 14, 2025 | Senate
- Arrive in Senate
- Placed on Calendar Order of First Reading
- Chief Senate Sponsor Sen. Don Harmon
- First Reading
- Referred to Assignments
- Apr 10, 2025 | House
- House Floor Amendment No. 2 Adopted
- Placed on Calendar Order of 3rd Reading - Short Debate
- Chair Rules placed on Standard Debate
- Third Reading - Short Debate - Passed 074-037-001
- House Floor Amendment No. 1 Tabled
- Motion Filed to Reconsider Vote Rep. John M. Cabello
- Added Co-Sponsor Rep. Amy Briel
- Motion to Reconsider Vote - Lost 038-073-000
- Added Co-Sponsor Rep. Hoan Huynh
- Apr 08, 2025 | House
- House Floor Amendment No. 2 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000
- Apr 07, 2025 | House
- House Floor Amendment No. 2 Filed with Clerk by Rep. Edgar González, Jr.
- House Floor Amendment No. 2 Referred to Rules Committee
- House Floor Amendment No. 2 Rules Refers to Financial Institutions and Licensing Committee
- Mar 26, 2025 | House
- Second Reading - Short Debate
- Held on Calendar Order of Second Reading - Short Debate
- Mar 25, 2025 | House
- House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
- Chief Sponsor Changed to Rep. Edgar González, Jr.
- Mar 20, 2025 | House
- House Floor Amendment No. 1 Filed with Clerk by Rep. Edgar González, Jr.
- House Floor Amendment No. 1 Referred to Rules Committee
- Mar 12, 2025 | House
- Do Pass / Short Debate Executive Committee; 012-000-000
- Placed on Calendar 2nd Reading - Short Debate
- Mar 04, 2025 | House
- Assigned to Executive Committee
- Jan 09, 2025 | House
- First Reading
- Referred to Rules Committee
- Dec 17, 2024 | House
- Prefiled with Clerk by Rep. Emanuel "Chris" Welch
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