Illinois HB 4081: DIGITAL ASSET-CHANGE CONTROL
Status: Referred to Rules Committee (as of 2025-10-15)
State: Illinois · Session: 104th · Bill: HB 4081
Sponsors: Margaret Croke
Bill Text
• Illinois General Assembly - Full Text of HB4081 • • • • • • • • • • • • Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. Choose Language English Afrikaans Albanian Arabic Armenian Azerbaijani Basque Bengali Bosnian Catalan Croatian Czech Danish Dutch Esperanto Estonian Filipino Finnish French Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hungarian Icelandic Indonesian Interlingua Interlingue Inuktitut Irish Italian Japanese Javanese Kannada Khmer Korean Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malayalam Maltese Maori Marathi Myanmar Nepali Norwegian Odia Pashto Punjabi Romanian Russian Samoan Sango Sanskrit Sardinian Sindhi Sinhala Slovak Slovenian Somali Southern Sotho Spanish Sundanese Swahili Swedish Tamil Telugu Thai Tigrinya Tonga Turkish Ukrainian Urdu Vietnamese Welsh Xhosa Yiddish Yoruba Zulu Powered by Translate Close Illinois General Assembly Top Navigation Bar Translate Learn Select General Assembly Search the 104th General Assembly Enter search terms for legislation, members, committees, or schedules. ILGA.GOV • • LEGISLATION & LAWS • Bills & Resolutions • Public Acts • Illinois Compiled Statutes • Illinois Constitution • Search Legislation • Glossary • Guide • Reports & Inquiry • Legislative Reports • Special Reports • FTP Site • Legislator Lookup • Capitol Complex Phone Numbers • Rules & Regulations • Illinois Register • Administrative Rules • Senate • Members • Schedules • Committees • Request for Remote Testimony • Journals • Transcripts • Rules • Audio/Video • FOIA Information • Senate Employment Opportunities • Media Guidelines • House • Members • Schedules • Committees • Submit testimony for House Committees • Journals • Transcripts • Rules • Audio/Video • FOIA Information • House Employment Opportunities • Log In Mobile Top Bar Search the 104th General Assembly Enter keywords to search the Illinois General Assembly website. Full Text of HB4081 • Home • Legislation • Full Text HB4081 - 104th General Assembly • Bill Status • Full Text • Votes • Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB4081 Introduced 10/15/2025, by Rep. Margaret Croke SYNOPSIS AS INTRODUCED: 10400HB0742eng., Sec. 20-30 Provides that, if and only if House Bill 742 of the 104th General Assembly becomes law in the form in which it passed the Senate on April 10, 2025, then the Digital Assets and Consumer Protection Act is amended by changing provisions concerning change in control over a registrant. LRB104 13876 BAB 26720 b A BILL FOR HB4081LRB104 13876 BAB 26720 b 1 AN ACT concerning regulation. 2 Be it enacted by the People of the State of Illinois, 3represented in the General Assembly: 4 Section 5. If and only if House Bill 742 of the 104th 5General Assembly becomes law in the form in which it passed the 6Senate on April 10, 2025, then the Digital Assets and Consumer 7Protection Act is amended by changing Section 20-30 as 8follows: 9 (10400HB0742eng., Sec. 20-30) 10 Sec. 20-30. Change in control. 11 (a) As used in this Section, "proposed person to be in 12control" means the person that would control a registrant 13after a proposed transaction that would result in a change in 14control of the registrant. 15 (b) The following rules apply in determining whether a 16person has control over a registrant: 17 (1) There is a rebuttable presumption of control if a 18 person directly or indirectly owns, controls, holds with 19 the power to vote, or holds proxies representing 10% or 20 more of the then outstanding voting securities issued by 21 the registrant. 22 (2) A person has control over a registrant if the 23 person's voting power in the registrant constitutes or HB4081- 2 -LRB104 13876 BAB 26720 b 1 will constitute at least 25% of the total v
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