Bill Sponsor
Illinois Senate Bill 1797
Session 104th
Digital Assets & Cons Prot Act
Became Law
Became Law
Became Law on Aug 18, 2025
Sponsors
Unknown
Edgar González, Jr.
First Action
Feb 6, 2025
Latest Action
Aug 18, 2025
Origin Chamber
Senate
Type
Bill
Bill Number
1797
State
Illinois
Session
104th
Sponsorship by Party
Unknown
Edgar González, Jr.
Primary
Democrat
Primary
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Summary
Creates the Digital Assets and Consumer Protection 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.
Text (6)
08/18/2025
Senate
Public Act . . . . . . . . . 104-0428
08/18/2025
Senate
Effective Date August 18, 2025
08/18/2025
Senate
Governor Approved
06/30/2025
Senate
Sent to the Governor
06/01/2025
Senate
Passed Both Houses
06/01/2025
Senate
Senate Concurs
06/01/2025
Senate
House Committee Amendment No. 1 Senate Concurs 041-015-000
06/01/2025
Senate
3/5 Vote Required
05/31/2025
Senate
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 009-004-000
05/31/2025
Senate
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive
05/31/2025
Senate
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
05/31/2025
Senate
House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Mark L. Walker
05/30/2025
Senate
Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 30, 2025
05/30/2025
Senate
Secretary's Desk - Concurrence House Amendment(s) 1
05/30/2025
House
Third Reading - Short Debate - Passed 076-038-001
05/30/2025
House
Placed on Calendar Order of 3rd Reading - Short Debate
05/29/2025
House
Added Alternate Co-Sponsor Rep. Camille Y. Lilly
05/28/2025
House
Held on Calendar Order of Second Reading - Short Debate
05/28/2025
House
Second Reading - Short Debate
05/28/2025
House
Placed on Calendar 2nd Reading - Short Debate
05/28/2025
House
Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 007-004-000
05/28/2025
House
House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote
05/28/2025
House
House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
05/27/2025
House
Motion to Suspend Rule 21 - Prevailed 075-039-000
05/27/2025
House
Motion Filed to Suspend Rule 21 Financial Institutions and Licensing Committee; Rep. Bob Morgan
05/27/2025
House
House Committee Amendment No. 1 Referred to Rules Committee
05/27/2025
House
House Committee Amendment No. 1 Filed with Clerk by Rep. Edgar González, Jr.
05/23/2025
House
Committee/Final Action Deadline Extended-9(b) May 31, 2025
05/23/2025
House
Assigned to Financial Institutions and Licensing Committee
05/09/2025
House
Rule 19(a) / Re-referred to Rules Committee
04/17/2025
House
Assigned to Financial Institutions and Licensing Committee
04/11/2025
House
Referred to Rules Committee
04/11/2025
House
First Reading
04/10/2025
House
Chief House Sponsor Rep. Edgar González, Jr.
04/10/2025
House
Arrived in House
04/10/2025
Senate
Added as Co-Sponsor Sen. Mike Simmons
04/10/2025
Senate
Third Reading - Passed; 039-017-000
04/10/2025
Senate
Placed on Calendar Order of 3rd Reading
04/10/2025
Senate
Senate Floor Amendment No. 2 Adopted; Walker
04/10/2025
Senate
Recalled to Second Reading
04/10/2025
Senate
Added as Co-Sponsor Sen. Adriane Johnson
04/10/2025
Senate
Added as Co-Sponsor Sen. Mary Edly-Allen
04/09/2025
Senate
Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 009-004-000
04/09/2025
Senate
Added as Co-Sponsor Sen. Robert Peters
04/09/2025
Senate
Added as Co-Sponsor Sen. Michael E. Hastings
04/09/2025
Senate
Sponsor Removed Sen. Michael W. Halpin
04/09/2025
Senate
Added as Co-Sponsor Sen. Javier L. Cervantes
04/09/2025
Senate
Added as Co-Sponsor Sen. Christopher Belt
04/09/2025
Senate
Added as Co-Sponsor Sen. Paul Faraci
04/08/2025
Senate
Placed on Calendar Order of 3rd Reading April 9, 2025
04/08/2025
Senate
Second Reading
04/08/2025
Senate
Senate Floor Amendment No. 2 Assignments Refers to Executive
04/04/2025
Senate
Senate Floor Amendment No. 2 Referred to Assignments
04/04/2025
Senate
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Mark L. Walker
04/04/2025
Senate
Added as Chief Co-Sponsor Sen. Laura Ellman
04/04/2025
Senate
Added as Chief Co-Sponsor Sen. Cristina Castro
04/04/2025
Senate
Added as Chief Co-Sponsor Sen. Graciela Guzmán
04/03/2025
Senate
Placed on Calendar Order of 2nd Reading April 4, 2025
04/03/2025
Senate
Do Pass as Amended Executive; 008-004-000
04/03/2025
Senate
Senate Committee Amendment No. 1 Adopted
03/21/2025
Senate
Rule 2-10 Committee Deadline Established As April 4, 2025
03/19/2025
Senate
Added as Co-Sponsor Sen. Mike Porfirio
03/19/2025
Senate
Added as Co-Sponsor Sen. Rachel Ventura
03/18/2025
Senate
Added as Co-Sponsor Sen. Karina Villa
03/18/2025
Senate
Senate Committee Amendment No. 1 Assignments Refers to Executive
03/12/2025
Senate
Senate Committee Amendment No. 1 Referred to Assignments
03/12/2025
Senate
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker
02/18/2025
Senate
Assigned to Executive
02/06/2025
Senate
Referred to Assignments
02/06/2025
Senate
First Reading
02/06/2025
Senate
Filed with Secretary by Sen. Mark L. Walker
Sources
Record Created
Feb 7, 2025 12:46:33 AM
Record Updated
Sep 16, 2025 4:10:08 PM