Illinois Senate Bill 3666

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Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-04-19 - Rule 2-10 Committee Deadline Established As May 3, 2024
Text: Latest bill text (Introduced) [HTML]

Creates the Digital Assets Regulation 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.

DIGITAL ASSETS REGULATION ACT

Sen. Laura Ellman [D]	Sen. Suzanne Glowiak Hilton [D]	Sen. Ann Gillespie [D]	Sen. William Cunningham [D]
Sen. David Koehler [D]	Sen. Lakesia Collins [D]	Sen. Doris Turner [D]	Sen. Karina Villa [D]
Sen. Laura Fine [D]	Sen. Elgie Sims [D]	Sen. Rachel Ventura [D]	Sen. Robert Peters [D]
Sen. Mike Porfirio [D]	Sen. Robert Martwick [D]	Sen. Mary Edly-Allen [D]	Sen. Adriane Johnson [D]

Date	Chamber	Action
2024-04-19	Senate	Rule 2-10 Committee Deadline Established As May 3, 2024
2024-04-12	Senate	Rule 2-10 Third Reading Deadline Established As May 3, 2024
2024-04-10	Senate	Postponed - Executive
2024-04-05	Senate	Rule 2-10 Committee Deadline Established As April 19, 2024
2024-03-15	Senate	Rule 2-10 Committee Deadline Established As April 5, 2024
2024-03-13	Senate	Sponsor Removed Sen. Michael E. Hastings
2024-03-12	Senate	Added as Co-Sponsor Sen. Adriane Johnson
2024-03-12	Senate	Added as Co-Sponsor Sen. Mary Edly-Allen
2024-03-12	Senate	Added as Co-Sponsor Sen. Robert F. Martwick
2024-03-12	Senate	Added as Co-Sponsor Sen. Michael E. Hastings
2024-03-12	Senate	Added as Co-Sponsor Sen. Mike Porfirio
2024-03-11	Senate	Added as Co-Sponsor Sen. Robert Peters
2024-03-08	Senate	Added as Chief Co-Sponsor Sen. Bill Cunningham
2024-03-08	Senate	Added as Chief Co-Sponsor Sen. Ann Gillespie
2024-03-07	Senate	Added as Co-Sponsor Sen. Rachel Ventura
2024-03-07	Senate	Added as Co-Sponsor Sen. Elgie R. Sims, Jr.
2024-03-07	Senate	Added as Chief Co-Sponsor Sen. Suzy Glowiak Hilton
2024-03-07	Senate	Added as Co-Sponsor Sen. Laura Fine
2024-03-07	Senate	Added as Co-Sponsor Sen. Karina Villa
2024-03-07	Senate	Added as Co-Sponsor Sen. Doris Turner
2024-03-07	Senate	Added as Co-Sponsor Sen. Lakesia Collins
2024-03-07	Senate	Added as Co-Sponsor Sen. David Koehler
2024-03-05	Senate	Assigned to Executive
2024-02-09	Senate	Referred to Assignments
2024-02-09	Senate	First Reading
2024-02-09	Senate	Filed with Secretary by Sen. Laura Ellman

Chapter	Article	Section	Citation Type	Statute Text
205	5	2	Amended Code	Citation Text
205	5	30	Amended Code	Citation Text
205	620	1-5.08	Amended Code	Citation Text
205	620	2-1	Amended Code	Citation Text
205	620	2A-1	New Code	See Bill Text
205	620	2A-2	New Code	See Bill Text
205	620	2A-3	New Code	See Bill Text
205	620	2A-4	New Code	See Bill Text
205	620	4-1	Amended Code	Citation Text
205	620	4-2	Amended Code	Citation Text
205	620	4-5	Amended Code	Citation Text
205	620	4A-15	Amended Code	Citation Text
205	620	5-1	Amended Code	Citation Text
205	620	Art. IIA heading	New Code	See Bill Text
30	105	5.1015	New Code	See Bill Text
5	140	7.5	Amended Code	Citation Text
815	505	2EEEE	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3666&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB3666.htm