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HB 3559

Illinois House•In House Committee

Summary

HB 3559, “REENTRY BANKING EMPOWERMENT”, was introduced in the House on Feb 7, 2025 by Rep. Kevin Olickal (D). It was referred to Rules, and last saw action on Mar 27, 2026: Rule 19(a) / Re-referred to Rules Committee.

Record

Text

HB 3559 has no co-sponsors and has not gone to a roll call.

hb3559/introduced.txt
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Full Text of HB3559
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	HB3559 - 104th General Assembly
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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB3559
Introduced 2/18/2025, by Rep. Kevin John Olickal
SYNOPSIS AS INTRODUCED:
New Act
Creates the Reentry Financial Empowerment Act. Requires the Department of Financial and Professional Regulation to oversee the Illinois Reentry Account program to provide no-fee, federally insured debit accounts to reentering citizens who have been released from an Illinois correctional facility for fewer than 12 months. Requires accounts for reentering citizens to include no monthly maintenance fees, overdraft fees, or minimum balance requirements; access to a network of ATMs for cash withdrawals created in partnership with a financial administrator or financial administrators partnered with the state; a secure debit card for account access; and online and mobile banking options. Provides that the Department shall work with the Illinois Department of Corrections to ensure eligible reentering citizens are informed of the program upon release, and the Illinois Department of Corrections shall facilitate enrollment into the program. Requires the Department to contract with one or more financial institutions to administer accounts under the program and provides standards for the institutions. Establishes monitoring responsibilities for the Department and requires reporting of the program's progress to the General Assembly. Effective immediately.
LRB104 10431 BAB 20506 b
A BILL FOR
		HB3559		LRB104 10431 BAB 20506 b
    AN ACT concerning regulation.
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
    Section 1. Short title. This Act may be cited as the
Reentry Financial Empowerment Act.
    Section 2. Findings. The General Assembly finds that:
        (1) Individuals reentering society after incarceration
    face significant barriers to financial stability,
    including limited access to financial services.
        (2) A lack of access to affordable banking services
    increases the likelihood of reliance on predatory
    financial products, which perpetuate cycles of poverty and
    exclusion.
        (3) Providing reentering citizens with no-fee,
    no-minimum-balance debit accounts will empower individuals
    to reintegrate into society, reduce recidivism, and
    contribute to the economic health of Illinois.
        (4) It is in the State's interest to ensure reentering
    citizens have the tools to manage their finances securely
    and affordably.
    Section 5. Definitions. As used in this Act:
    "Department" means the Department of Financial and
		HB3559	- 2 -	LRB104 10431 BAB 20506 b
Professional Regulation.
    "IDOC" means the Illinois Department of Corrections.
    "Illinois Reentry Account Program" means the program
established to provide no-fee debit accounts to reentering
citizens.
    "Reentering citizen" means an individual who has been
released from an Illinois correctional facility for fewer than
12 months.
    Section 10. The Illinois Reentry Account Program.
    (a) The Department shall establish and oversee the
Illinois Reentry Account Program to provide no-fee, federally
insured debit accounts to reentering citizens.
    (b) Accounts provided under this program shall include the
following features:
        (1) no monthly maintenance fees, overdraft fees, or
    minimum balance requirements;
        (2) access to a network of ATMs for cash withdrawals
    created in partnership with a financial administrator or
    financial administrators partnered with the State;
        (3) a secure debit card for account access; and
        (4) online and mobile banking options.
    Section 15. Implementation.
    (a) The Department shall work with IDOC to ensure eligible
reentering citizens are informed of the program upon release.
		HB3559	- 3 -	LRB104 10431 BAB 20506 b
    (b) IDOC shall facilitate the enrollment of reentering
citizens by:
        (1) providing information about the program during
    pre-release counseling; and
        (2) assisting with account setup and activation prior
    to release.
    (c) The Department shall contract with one or more
financial institutions to administer accounts under the
program. Participating institutions must:
        (1) agree to the program's terms and conditions,
    including the prohibition of fees for account holders; and
        (2) provide adequate infrastructure to support the
    program, including ATMs and branch services in underserved
    areas.
    Section 20. Reporting and Monitoring.
    (a) The Department shall monitor program participation and
outcomes, including:
        (1) the number of accounts opened;
        (2) geographic distribution of account holders; and
        (3) financial outcomes for account holders, such as
    reduced reliance on predatory financial services.
    (b) The Department shall submit an annual report to the
General Assembly detailing program progress and any
recommendations for improvement.
    Section 99. Effective date. This Act takes effect upon
		HB3559	- 4 -	LRB104 10431 BAB 20506 b
becoming law.

Creates the Reentry Financial Empowerment Act. Requires the Department of Financial and Professional Regulation to oversee the Illinois Reentry Account program to provide no-fee, federally insured debit accounts to reentering citizens who have been released from an Illinois correctional facility for fewer than 12 months. Requires accounts for reentering citizens to include no monthly maintenance fees, overdraft fees, or minimum balance requirements; access to a network of ATMs for cash withdrawals created in partnership with a financial administrator or financial administrators partnered with the state; a secure debit card for account access; and online and mobile banking options. Provides that the Department shall work with the Illinois Department of Corrections to ensure eligible reentering citizens are informed of the program upon release, and the Illinois Department of Corrections shall facilitate enrollment into the program. Requires the Department to contract with one or more financial institutions to administer accounts under the program and provides standards for the institutions. Establishes monitoring responsibilities for the Department and requires reporting of the program's progress to the General Assembly. Effective immediately.

Sponsors

Rep. Kevin Olickal (D) sponsors HB 3559 alone.

Kevin Olickal

Rep. · D–16 · Sponsor

Committees

HB 3559 went before 2 committees: Rules and Financial Institutions and Licensing.

Rules
Rules
Referred to · Feb 18, 2025 · 5,290 Bills
Financial Institutions and Licensing
Financial Institutions and Licensing
Referred to · Mar 11, 2025

History

HB 3559 has taken 7 actions since Feb 7, 2025, the latest on Mar 27, 2026.

ChamberAction
Mar 27, 2026
House
Rule 19(a) / Re-referred to Rules Committee
Mar 12, 2026
House
Assigned to Financial Institutions and Licensing Committee
Mar 21, 2025
House
Rule 19(a) / Re-referred to Rules Committee
Mar 11, 2025
House
Assigned to Financial Institutions and Licensing Committee
Feb 18, 2025
House
First Reading

Votes

HB 3559 has not gone to a roll call.

Source: ilga.gov · legiscan.com