The bill is procedural in nature and does not introduce significant alterations to the current legal framework governing banking in Illinois. Instead, it seems to aim at ensuring the statutory language is up to date and precise, thus maintaining the integrity of the legislation. As such, it is unlikely to create any major shifts in the operation or oversight of banking institutions in the state, but rather strives for clarity in legal wording.
Summary
House Bill 1778 amends the Illinois Banking Act, specifically making a technical change to a section concerning the short title of the Act. This bill was introduced by Representative Tony M. McCombie during the 103rd General Assembly. The adjustments proposed in this bill are minimal and mainly focus on refining the text for clarity and accuracy regarding the title of the Act.
Contention
Given the technical nature of the amendment, there appears to be little contention associated with HB1778. Legislative discussions surrounding the bill were expected to be straightforward given its focus on clarification rather than controversy. No substantial opposition or support discussions are noted in relation to this specific amendment, which typically accompanies technical changes in legislative acts.