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Rep. Welch-sponsored law creating the Blockchain Business Development Act goes into effect on June 1, 2020

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A new law sponsored by Rep. Emanuel Chris Welch (D-7) that was introduced with the purpose of creating the Blockchain Business Development Act will go into effect on June 1, 2020, according to the official Illinois General Assembly website.

The legislation was introduced in bill HB2540 on Feb. 13, when Rep. Sonya M. Harper (D-6) filed it with the House clerk.

According to the General Assembly website, the bill as introduced was designed to "create the Blockchain Business Development Act".

After debate, the House passed the bill on April 11 and it arrived in the House on May 30, and both chambers agreed to the final version of the legislation on June 1. The bill was sent to the governor and signed into law on Aug. 9. The law is scheduled to go into effect on June 1, 2020.

Illinois legislature enacts laws through bills that can be introduced in either the state House of Representatives or the state Senate. Either chamber of the legislature can reject or amend a bill before it becomes law. Legislators sometimes sponsor "shell bills" devoid of substantive provisions, introduced with the intention of being amended later to include actual legislation.

The following table shows the full history of actions on HB2540.

DateChamberAction
2/13/2019HouseFiled with the Clerk by Rep. Sonya M. Harper
2/13/2019HouseFirst Reading
2/13/2019HouseReferred to Rules Committee
2/26/2019HouseAssigned to Judiciary - Civil Committee
2/27/2019HouseTo Commercial Law Subcommittee
3/20/2019HouseReported Back To Judiciary - Civil Committee;
3/20/2019HouseRecommends Do Pass Subcommittee/ Judiciary - Civil Committee; 004-002-000
3/25/2019HouseHouse Committee Amendment No. 1 Referred to Rules Committee
3/25/2019HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Sonya M. Harper
3/26/2019HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
3/27/2019HouseHouse Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
3/27/2019HouseDo Pass as Amended / Short Debate Judiciary - Civil Committee; 008-001-000
3/29/2019HousePlaced on Calendar 2nd Reading - Short Debate
4/1/2019HouseHouse Floor Amendment No. 2 Referred to Rules Committee
4/1/2019HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Sonya M. Harper
4/2/2019HouseHouse Floor Amendment No. 2 Rules Refers to Judiciary - Civil Committee
4/9/2019HouseHouse Floor Amendment No. 2 Recommends Be Adopted Judiciary - Civil Committee; 010-000-000
4/10/2019HouseSecond Reading - Short Debate
4/10/2019HouseHouse Floor Amendment No. 2 Adopted
4/10/2019HousePlaced on Calendar Order of 3rd Reading - Short Debate
4/11/2019HouseAdded Co-Sponsor Rep. Diane Pappas
4/11/2019HouseAdded Co-Sponsor Rep. Emanuel Chris Welch
4/11/2019HouseAdded Chief Co-Sponsor Rep. Mary E. Flowers
4/11/2019HouseAdded Co-Sponsor Rep. Delia C. Ramirez
4/11/2019HouseAdded Chief Co-Sponsor Rep. Justin Slaughter
4/11/2019HouseAdded Chief Co-Sponsor Rep. Andrew S. Chesney
4/11/2019HouseAdded Co-Sponsor Rep. André Thapedi
4/11/2019HouseAdded Co-Sponsor Rep. Anne Stava-Murray
4/11/2019HouseAdded Chief Co-Sponsor Rep. Curtis J. Tarver, II
4/11/2019HouseThird Reading - Short Debate - Passed 113-000-000
4/11/2019SenateArrive in Senate
4/11/2019SenateChief Senate Sponsor Sen. Thomas Cullerton
4/11/2019SenateFirst Reading
4/11/2019SenatePlaced on Calendar Order of First Reading
4/11/2019SenateReferred to Assignments
4/24/2019SenateAssigned to Commerce and Economic Development
5/3/2019SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Thomas Cullerton
5/3/2019SenateSenate Committee Amendment No. 1 Referred to Assignments
5/7/2019SenateSenate Committee Amendment No. 1 Assignments Refers to Commerce and Economic Development
5/10/2019SenateRule 2-10 Committee Deadline Established As May 17, 2019
5/14/2019SenateAdded as Alternate Co-Sponsor Sen. Emil Jones, III
5/16/2019SenateSenate Committee Amendment No. 1 Adopted
5/16/2019SenateAdded as Alternate Co-Sponsor Sen. Elgie R. Sims, Jr.
5/16/2019SenatePlaced on Calendar Order of 2nd Reading May 17, 2019
5/16/2019SenateDo Pass as Amended Commerce and Economic Development; 008-000-000
5/17/2019SenateSecond Reading
5/17/2019SenatePlaced on Calendar Order of 3rd Reading May 20, 2019
5/24/2019SenateRule 2-10 Third Reading Deadline Established As May 31, 2019
5/28/2019SenateAdded as Alternate Chief Co-Sponsor Sen. Dan McConchie
5/30/2019HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
5/30/2019HouseArrived in House
5/30/2019HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
5/30/2019HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Sonya M. Harper
5/30/2019SenateThird Reading - Passed; 059-000-000
5/31/2019HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-000-000
5/31/2019SenateAdded as Alternate Co-Sponsor Sen. Toi W. Hutchinson
6/1/2019HousePassed Both Houses
6/1/2019HouseSenate Committee Amendment No. 1 House Concurs 115-000-000
6/1/2019HouseHouse Concurs
6/28/2019HouseSent to the Governor
8/9/2019HouseEffective Date June 1, 2020
8/9/2019HouseGovernor Approved
8/9/2019HousePublic Act . . . . . . . . . 101-0259

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