While this bill itself does not introduce significant changes in policy or regulation, it does serve as an important procedural adjustment within the existing banking regulatory framework. By addressing technical inaccuracies in the current law, SB0756 contributes to the overall effort to streamline and refine the regulatory statutes governing banking in Illinois, ensuring that they remain clear and effective for stakeholders involved in banking operations.
Summary
SB0756, introduced by Senator Don Harmon, proposes a technical amendment to the Illinois Banking Act. The primary focus of the bill is to ensure that the title of the Act is correctly cited without duplication. The change appears to be a minor one aimed at clarifying the phrasing used in the legislation, thereby enhancing its readability and precision. Such technical change indicates a commitment to maintaining up-to-date legal documents that reflect current terminology and conventions, which is essential for legal clarity and understanding among practitioners and the general public alike.
Contention
There are no noted points of contention regarding this bill as it appears to be universally accepted as a necessary correction. Given its nature as a technical amendment, it does not provoke the same levels of debate or opposition that more substantive legislative changes often do. The support for this bill may stem from a desire among legislators to ensure that the legal language within the Illinois Banking Act is precise, minimizing any potential confusion that could arise from poorly worded legislation.