IL HB1700 | 2025-2026 | 104th General Assembly
Status
Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on January 24 2025 - 25% progression
Action: 2025-03-05 - Placed on Calendar 2nd Reading - Short Debate
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 24 2025 - 25% progression
Action: 2025-03-05 - Placed on Calendar 2nd Reading - Short Debate
Text: Latest bill text (Introduced) [HTML]
Summary
Reinserts the provisions of the introduced bill with the following changes. Provides that State and public funds that have been deposited may not be withdrawn from a financial institution prior to the date of maturity solely on the basis of a less than satisfactory rating under the Illinois Community Reinvestment Act. Makes other changes. Effective January 1, 2026.
Title
FUNDS-COMMUNITY REINVESTMENT
Sponsors
| Rep. Kimberly Du Buclet [D] | Rep. Sonya Harper [D] | Rep. Camille Lilly [D] | Rep. Debbie Meyers-Martin [D] |
| Rep. Suzanne Ness [D] | Rep. William Davis [D] | Rep. Justin Slaughter [D] | Rep. Michael Crawford [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-03-05 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2025-03-04 | House | Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 009-002-000 |
| 2025-03-04 | House | House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote |
| 2025-03-04 | House | Added Co-Sponsor Rep. Michael Crawford |
| 2025-02-27 | House | Added Co-Sponsor Rep. Justin Slaughter |
| 2025-02-27 | House | Added Co-Sponsor Rep. William "Will" Davis |
| 2025-02-27 | House | Added Chief Co-Sponsor Rep. Camille Y. Lilly |
| 2025-02-27 | House | Added Chief Co-Sponsor Rep. Sonya M. Harper |
| 2025-02-27 | House | Added Co-Sponsor Rep. Suzanne M. Ness |
| 2025-02-27 | House | Added Co-Sponsor Rep. Debbie Meyers-Martin |
| 2025-02-25 | House | House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee |
| 2025-02-24 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2025-02-24 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Kimberly Du Buclet |
| 2025-02-18 | House | Assigned to Financial Institutions and Licensing Committee |
| 2025-01-28 | House | Referred to Rules Committee |
| 2025-01-28 | House | First Reading |
| 2025-01-24 | House | Filed with the Clerk by Rep. Kimberly Du Buclet |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 15 | 520 | 16.1 | Amended Code | Citation Text |
| 15 | 520 | 16.3 | Amended Code | Citation Text |
| 30 | 235 | 8 | Amended Code | Citation Text |
