REENTRY BANKING EMPOWERMENT

Illinois General Assembly - Full Text of HB3559

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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
1

AN ACT concerning regulation.

2

Be it enacted by the People of the State of Illinois,
3
represented in the General Assembly:

4

Section 1.
Short title.
This Act may be cited as the
5
Reentry Financial Empowerment Act.

6

Section 2.
Findings.
The General Assembly finds that:
7

(1) Individuals reentering society after incarceration
8

face significant barriers to financial stability,
9

including limited access to financial services.
10

(2) A lack of access to affordable banking services
11

increases the likelihood of reliance on predatory
12

financial products, which perpetuate cycles of poverty and
13

exclusion.
14

(3) Providing reentering citizens with no-fee,
15

no-minimum-balance debit accounts will empower individuals
16

to reintegrate into society, reduce recidivism, and
17

contribute to the economic health of Illinois.
18

(4) It is in the State's interest to ensure reentering
19

citizens have the tools to manage their finances securely
20

and affordably.

21

Section 5.
Definitions.
As used in this Act:
22

"Department" means the Department of Financial and

HB3559
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LRB104 10431 BAB 20506 b
1
Professional Regulation.
2

"IDOC" means the Illinois Department of Corrections.
3

"Illinois Reentry Account Program" means the program
4
established to provide no-fee debit accounts to reentering
5
citizens.
6

"Reentering citizen" means an individual who has been
7
released from an Illinois correctional facility for fewer than
8
12 months.

9

Section 10.
The Illinois Reentry Account Program.
10

(a) The Department shall establish and oversee the
11
Illinois Reentry Account Program to provide no-fee, federally
12
insured debit accounts to reentering citizens.
13

(b) Accounts provided under this program shall include the
14
following features:
15

(1) no monthly maintenance fees, overdraft fees, or
16

minimum balance requirements;
17

(2) access to a network of ATMs for cash withdrawals
18

created in partnership with a financial administrator or
19

financial administrators partnered with the State;
20

(3) a secure debit card for account access; and
21

(4) online and mobile banking options.

22

Section 15.
Implementation.
23

(a) The Department shall work with IDOC to ensure eligible
24
reentering citizens are informed of the program upon release.

HB3559
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LRB104 10431 BAB 20506 b
1

(b) IDOC shall facilitate the enrollment of reentering
2
citizens by:
3

(1) providing information about the program during
4

pre-release counseling; and
5

(2) assisting with account setup and activation prior
6

to release.
7

(c) The Department shall contract with one or more
8
financial institutions to administer accounts under the
9
program. Participating institutions must:
10

(1) agree to the program's terms and conditions,
11

including the prohibition of fees for account holders; and
12

(2) provide adequate infrastructure to support the
13

program, including ATMs and branch services in underserved
14

areas.

15

Section 20.
Reporting and Monitoring.
16

(a) The Department shall monitor program participation and
17
outcomes, including:
18

(1) the number of accounts opened;
19

(2) geographic distribution of account holders; and
20

(3) financial outcomes for account holders, such as
21

reduced reliance on predatory financial services.
22

(b) The Department shall submit an annual report to the
23
General Assembly detailing program progress and any
24
recommendations for improvement.

25

Section 99.
Effective date.
This Act takes effect upon

HB3559
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LRB104 10431 BAB 20506 b
1
becoming law.

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