• RSS News – Lou Lang

    • On Mike Madigan's watch... - Chicago Tribune August 3, 2017
      Chicago TribuneOn Mike Madigan's watch...Chicago TribuneIllinois House Deputy Majority Leader Lou Lang (D-Skokie). (Posted by David Ormsby, Community Contributor). Eric Zorn. For my Friday, Aug. 4, 2017 column, I reached out to the leading Democratic gubernatorial candidates to ask for their responses to ...and more »
    • What Happened to Illinois's Medical Cannabis Advisory Board? - Chicagomag.com August 10, 2017
      Chicagomag.comWhat Happened to Illinois's Medical Cannabis Advisory Board?Chicagomag.comLast spring, three advocates for the state's medical marijuana program received a call from Democratic State Representative Lou Lang, the architect of Illinois's medical cannabis pilot program. Lang told the group, which included Leslie Mendoza Temple ...an […]
    • Special Session Day 3: Education funding bill sets up another tax increase, lawmaker warns - Illinois News Network July 29, 2017
      Illinois News NetworkSpecial Session Day 3: Education funding bill sets up another tax increase, lawmaker warnsIllinois News NetworkLou Lang, D-Chicago, said after the House adjourned for the weekend. "Some schools in the state will open for a few months without state money, some may open all year. Some won't open at all." Lang blamed Rauner f […]
    • Postcard to Boston: Wish you were here, legislators - Chicago Tribune August 7, 2017
      Chicago TribunePostcard to Boston: Wish you were here, legislatorsChicago TribuneEmanuel Chris Welch, D-Hillside, in a Twitter post with a photo of him and Rep. Lou Lang, D-Skokie, inside the Boston Red Sox's famed stadium Sunday. Yet the public schools in Welch's and Lang's districts likely won't receive timely payments from the ...and m […]
    • Illinois Democrats rally at Chairman's Brunch at State Fair - WLS-TV August 17, 2017
      WLS-TVIllinois Democrats rally at Chairman's Brunch at State FairWLS-TV"This group of 1800 would tell you that we've had no organizers ever that have been as good to the Democratic Party as Bruce Rauner and Donald Trump," said Illinois Rep. Lou Lang (D) of Skokie. Part of that effort clearly will involve trying to ...and more »
    • Morning Spin: Rauner repeats erroneous tax assessment charge against Speaker Madigan - Chicago Tribune August 15, 2017
      Chicago TribuneMorning Spin: Rauner repeats erroneous tax assessment charge against Speaker MadiganChicago TribuneRep. Lou Lang, a Democrat from Skokie who serves as a top deputy on Madigan's leadership team, called the allegation “a huge stretch.” “The levy is the levy. This does not take away a single dollar from the school district,” Lang said. “It […]
    • New Do Your Job, Inc. digital ad: “Serious people are questioning whether Governor Rauner has lost it” - The Capitol Fax Blog (blog) August 1, 2017
      New Do Your Job, Inc. digital ad: “Serious people are questioning whether Governor Rauner has lost it”The Capitol Fax Blog (blog)As Senate Bill 1 heads to Governor Rauner's desk, Do Your Job, Inc. is asking him to get a grip, do his job and sign the bill. After decades of talks around reforming the state's education formula, Senate Bill 1 is the on […]
    • David Ormsby - Suburban Chicagoland August 18, 2017
      Suburban ChicagolandDavid OrmsbySuburban Chicagoland... Home Association, Illinois Alcoholism and Drug Dependence Association, TASC, Inc., United HealthCare Illinois, Goldberg, Weisman & Cairo, LLC, DelGaldo Law Group, City of Chicago Heights, City of Berwyn, House Deputy Majority Lou Lang, State Rep.
    • Education Funding Reform Bill Sent To Governor Rauner - eNews Park Forest August 1, 2017
      eNews Park ForestEducation Funding Reform Bill Sent To Governor RaunereNews Park ForestSchool District 163 average property tax bill, education funding reform A breakdown of the average property tax bill for Park Forest residents of School District 163 shows that 55% of taxes collected go to school districts. (Park Forest 2017-2018 Budget).and more »
    • Representative Lou Lang on the Illinois budget impasse: “It's part of an orchestrated decision by the Rauner ... - WGN Radio June 15, 2017
      WGN RadioRepresentative Lou Lang on the Illinois budget impasse: “It's part of an orchestrated decision by the Rauner ...WGN RadioSome are embarrassed that the state of Illinois is being pulled from the lottery. And the Illinois Department of Transportation has announced that all construction in Illinois may stop if there is still no budget by the end o […]
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Chicago Sun-Times Backs Rep. Lou Lang’s Bill to Legalize Illinois Medical Marijuana

(Chicago, IL) — The Chicago Sun-Times editorial board on Tuesday rolled out its backing of legislation, House Bill 2514, sponsored by House Deputy Majority Leader Lou Lang (D-Skokie), to legalize medical marijuana in Illinois.

We agree with those who say the pot should be used for medical purposes by people living in great physical pain.

But, of course, Illinois continues to prohibit the use of marijuana for medical purposes — even as 14 other states have seen the light.

Illinois Rep. Lou Lang (D-Skokie) is pushing a medical pot bill, one with strict limits, that deserves support across the political spectrum.

Read more …

Governor Pat Quinn Approves Rep. Lou Lang’s Bill to End Predator 1,000% Interest Pay Day Loans in Illinois

Governor Pat Quinn

(Chicago, IL) – Governor Pat Quinn yesterday signed legislation into law that eliminates 1,000% interest “pay day loans” in Illinois.

Quinn signed a bill into law that will increase protections for Illinois residents obtaining consumer installment loans and cap interest rates charged by consumer finance companies.

“Many consumers who take out short-term loans are doing so as a last resort to pay their bills and provide for their families.” said Quinn. “It is important that we do everything we can to protect these consumers who are already hurting, by helping to make these loans more affordable.”

The legislation, House Bill 537, sponsored by House Deputy Majority Leader Lou Lang (D-Skokie) protects consumers by setting “reasonable” interest rates for loans.

Payday loan predators have peddled consumer installment loans in Illinois with interest rates that have averaged 341% and have reached 1,000%. Under the new law, rates on consumer installment loans will be capped at 99% for loans $4,000 and less and 36% for loans greater than $4,000.

“The days of legal loan-sharking are gone,” said Lang. “This new law will end the financial serfdom imposed on struggling, working families by payday loan companies.”

During February 2006 through December 2008 204,205 payday loan consumers took out 1,194,582 payday loans, or an average of 5.9 loans per consumer, according to March 2009 report by the Illinois Department of Financial and Professional Regulation.

Attorney General Lisa Madigan, said, “House Bill 537 reigns in abusive and predatory lending practices and protects consumers. I want to thank … Representative Lang, the Governor’s Office and consumer advocates for their hard work on this important consumer protection legislation.”

The new law also includes provisions to help borrowers repay loans more easily:

  • Lending is based upon the borrower’s ability to repay the loan.
  • Monthly payments on consumer installment loans are limited to 22.5 percent of the borrower’s gross monthly income.
  • In order to give borrowers enough time to repay the loan, the new minimum loan term will be set at six months – an increase from the previous four month term.
  • The law also eliminates balloon payments and prevents lenders from penalizing borrowers for paying off loans early.

“We look forward to working with licensed lenders and their customers to make sure this law is strictly enforced,” said Secretary of Financial and Professional Regulation Brent Adams.

The law also expands the existing statewide database that tracks payday loans to also track consumer installment loans, which will enable the state to ensure that lenders are complying with the new law.

The law takes effect within nine months of Quinn’s signature.