Bill
SB 1582
SB 1582 spans two states: Arizona would license earned-wage-access providers and carve them out from other lending rules; Illinois would require appliance efficiency standards.
Note: The material provided for “SB 1582” contains two different draft bills from different jurisdictions. One is an Arizona banking/consumer-finance bill (earned wage access provider licensing and related exemptions). The other is an Illinois “Appliance Standards Act” directing the state environmental agency to adopt appliance efficiency standards. The items below summarize both pieces, identify the key statutory changes shown, and flag procedural status ambiguity. Verify which jurisdiction and final text you intend to track.
Jurisdiction: Arizona (Senate Bill language amending Title 6)
Purpose
- Create a licensing framework and regulatory treatment for “earned wage access” (EWA) providers and transactions within Arizona’s banking and financial institutions statutes.
Key provisions
- Adds Chapter 18 to Title 6 (text of the new chapter not fully provided in the excerpt).
- Amends existing statutes:
- §6-126 (application and annual fees): Adds an annual assessment/renewal fee for an “earned wage access services provider” of $1,000.
- §6-602 (exemptions to the consumer lender chapter): Adds that a person licensed as an earned wage access provider under Chapter 18 is exempt from otherwise-applicable consumer lender provisions.
- §6-1202 (exemptions to the money transmission article): Adds earned wage access service transactions and payments regulated under Chapter 18 to the list of activities exempt from money transmission licensing.
- Overall effect: EWA providers would be required to be licensed under the new Chapter 18 but would be expressly exempted from certain consumer-lending and money-transmission rules that would otherwise apply.
Who is affected
- Employers that contract with or offer EWA services.
- EWA providers (newly defined/licensed entities).
- Banks/financial institutions interacting with EWA providers.
- Consumers accessing wages early via EWA programs.
Procedural/status (from provided text)
- Text shows introduced and engrossed Senate versions with various committee referrals and DPA (do pass as amended) actions. The excerpt reflects bill drafting and committee movement but not final enactment.
Potential impacts
- Brings EWA into an explicit licensing and fee regime in Arizona, while carving targeted exemptions from existing consumer-lender and money-transmission rules—intended to clarify regulatory treatment and oversight.
Jurisdiction: Illinois — “Appliance Standards Act” (SB1582 as introduced)
Purpose
- Direct the Illinois Environmental Protection Agency (IEPA) to adopt minimum energy and water efficiency standards for specified “covered products,” and to require related testing, certification, labeling, enforcement, and rulemaking.
Key provisions
- Establishes findings that efficiency standards save energy/water, reduce emissions, and lower consumer utility bills.
- Defines “covered products” broadly; examples listed include:
- automatic irrigation controllers; computers/computer monitors; faucets; gas fireplaces; portable electric spas; residential ventilating fans; showerheads; spray sprinkler bodies; certain battery charger systems; urinals; water closets; water coolers.
- The Director may designate additional covered products.
- Requires IEPA rulemaking to set minimum performance/efficiency standards, and creates requirements for testing, certification, and labeling of covered products.
- Provides enforcement authority (details truncated in excerpt).
Who is affected
- Manufacturers, importers, distributors, retailers and installers of covered products sold or installed in Illinois.
- Consumers who may see product availability and pricing affected, but also potential energy/water bill savings.
- State agencies administering compliance and enforcement.
Procedural/status (from provided text)
- Introduced 2/4/2025 and referred to Assignments (text shows readings and referrals). The legislative actions listed in the compilation include multiple dates; confirm current status with the Illinois General Assembly for up-to-date action.
Potential impacts
- Likely to raise minimum product efficiency and water-conservation requirements in Illinois.
- Compliance costs for manufacturers/distributors (testing, certification, labeling).
- Long-term consumer and environmental benefits via reduced energy and water consumption.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
