Illinois House Bill 2698 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 15-5)
Status: Passed on August 25 2017 - 100% progression
Action: 2017-08-25 - Public Act . . . . . . . . . 100-0377
Text: Latest bill text (Chaptered) [HTML]

Amends the Build Illinois Act. Provides that the Department of Commerce and Economic Opportunity may also make loans or equity investments to small businesses with moneys in the State Small Business Credit Initiative Fund (currently, the Department make only make such loans and equity investments with moneys in the Build Illinois Bond Fund, the Illinois Capital Revolving Fund, or the Illinois Equity Revolving Fund). Provides that the Department of Commerce and Economic Opportunity may make loans to small businesses of up to $2,000,000 (currently, $750,000) per project. Provides that moneys collected from the fees imposed under this Act connected with the Capital Fund shall be deposited into the Capital Fund. Provides that loans under the minority, veteran, female, and persons with a disability loan program shall not exceed $400,000 (currently, $100,000) without a waiver from the Director of Commerce and Economic Opportunity. Effective immediately.

SMALL BUSINESS DEVELOPMENT

Rep. Arthur Turner [D]	Rep. Keith Wheeler [R]	Rep. Carol Ammons [D]	Rep. Linda LaVia [D]
Rep. Stephanie Kifowit [D]	Rep. Elizabeth Hernandez [D]	Rep. Mark Batinick [R]	Rep. Melissa Conyears-Ervin [D]
Rep. Latoya Greenwood [D]	Sen. Robert Martwick [D]	Rep. Jehan Gordon-Booth [D]	Sen. Elgie Sims [D]
Sen. Toi Hutchinson [D]	Sen. Karen McConnaughay [R]	Sen. Andy Manar [D]	Sen. Chuck Weaver [R]
Sen. Cristina Castro [D]	Sen. Kimberly Lightford [D]	Sen. Michael Connelly [R]	Sen. Thomas Cullerton [D]

2017-05-31 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]
2017-04-24 - House - Third Reading in House (Y: 111 N: 1 NV: 1 Abs: 1) [PASS]

Date	Chamber	Action
2017-08-25	House	Public Act . . . . . . . . . 100-0377
2017-08-25	House	Effective Date August 25, 2017
2017-08-25	House	Governor Approved
2017-06-29	House	Sent to the Governor
2017-05-31	House	Passed Both Houses
2017-05-31	Senate	Added as Alternate Co-Sponsor Sen. Thomas Cullerton
2017-05-31	Senate	Third Reading - Passed; 055-000-000
2017-05-26	Senate	Rule 2-10 Third Reading Deadline Established As May 31, 2017
2017-05-23	Senate	Placed on Calendar Order of 3rd Reading May 24, 2017
2017-05-23	Senate	Second Reading
2017-05-12	Senate	Added as Alternate Chief Co-Sponsor Sen. Cristina Castro
2017-05-11	Senate	Placed on Calendar Order of 2nd Reading May 12, 2017
2017-05-11	Senate	Do Pass Commerce and Economic Development; 007-000-000
2017-05-05	Senate	Added as Alternate Co-Sponsor Sen. Michael Connelly
2017-05-05	Senate	Assigned to Commerce and Economic Development
2017-05-04	Senate	Added as Alternate Chief Co-Sponsor Sen. Chuck Weaver
2017-05-03	Senate	Added as Alternate Co-Sponsor Sen. Kimberly A. Lightford
2017-05-02	Senate	Added as Alternate Chief Co-Sponsor Sen. Andy Manar
2017-05-02	Senate	Referred to Assignments
2017-05-02	Senate	First Reading
2017-05-01	Senate	Added as Alternate Chief Co-Sponsor Sen. Karen McConnaughay
2017-05-01	Senate	Chief Senate Sponsor Sen. Toi W. Hutchinson
2017-04-25	Senate	Placed on Calendar Order of First Reading April 26, 2017
2017-04-25	Senate	Arrive in Senate
2017-04-24	House	Added Co-Sponsor Rep. Elgie R. Sims, Jr.
2017-04-24	House	Added Co-Sponsor Rep. Jehan Gordon-Booth
2017-04-24	House	Added Co-Sponsor Rep. Robert Martwick
2017-04-24	House	Added Co-Sponsor Rep. LaToya Greenwood
2017-04-24	House	Added Co-Sponsor Rep. Melissa Conyears-Ervin
2017-04-24	House	Added Chief Co-Sponsor Rep. Stephanie A. Kifowit
2017-04-24	House	Added Chief Co-Sponsor Rep. Carol Ammons
2017-04-24	House	Third Reading - Short Debate - Passed 111-001-000
2017-04-10	House	Added Co-Sponsor Rep. Mark Batinick
2017-04-07	House	Added Chief Co-Sponsor Rep. Keith R. Wheeler
2017-04-07	House	Remove Chief Co-Sponsor Rep. Barbara Wheeler
2017-04-07	House	Placed on Calendar Order of 3rd Reading - Short Debate
2017-04-07	House	Second Reading - Short Debate
2017-03-29	House	Added Chief Co-Sponsor Rep. Barbara Wheeler
2017-03-29	House	Placed on Calendar 2nd Reading - Short Debate
2017-03-29	House	Do Pass as Amended / Short Debate Executive Committee; 011-000-000
2017-03-29	House	House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
2017-03-13	House	House Committee Amendment No. 1 Rules Refers to Executive Committee
2017-03-10	House	House Committee Amendment No. 1 Referred to Rules Committee
2017-03-10	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Arthur Turner
2017-02-28	House	Added Co-Sponsor Rep. Elizabeth Hernandez
2017-02-22	House	Added Chief Co-Sponsor Rep. Linda Chapa LaVia
2017-02-22	House	Assigned to Executive Committee
2017-02-08	House	Referred to Rules Committee
2017-02-08	House	First Reading
2017-02-08	House	Filed with the Clerk by Rep. Arthur Turner

Chapter	Article	Section	Citation Type	Statute Text
30	750	9-3	Amended Code	Citation Text
30	750	9-4	Amended Code	Citation Text
30	750	9-4.2	Amended Code	Citation Text
30	750	9-4.3	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2698&GAID=14&DocTypeID=HB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/HB/10000HB2698.htm
Text	https://www.ilga.gov/legislation/100/HB/10000HB2698eng.htm
Text	https://www.ilga.gov/legislation/100/HB/10000HB2698enr.htm
Text	https://www.ilga.gov/legislation/publicacts/100/100-0377.htm
Amendment	https://www.ilga.gov/legislation/100/HB/10000HB2698ham001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/100/house/10000HB2698_04242017_008000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/100/senate/10000HB2698_05312017_018000T.pdf