Illinois Senate Bill 86 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 10-0)
Status: Passed on August 2 2024 - 100% progression
Action: 2024-08-02 - Public Act . . . . . . . . . 103-0748
Text: Latest bill text (Chaptered) [HTML]

Reinserts the provisions of the introduced bill with the following changes. Moves specified provisions regarding cosigner release, cosigner rights, what happens in the event of the bankruptcy or death of a cosigner, the total and permanent disability of a borrower or cosigner, and modified or flexible repayment plans from the Know Before You Owe Private Education Loan Act to the Student Loan Servicing Rights Act, and makes conforming changes. Further amends the Student Loan Servicing Rights Act to change the definition of "cosigner". Effective immediately.

HIGHER ED-COSIGNER LOANS

Sen. Laura Fine [D]	Sen. Adriane Johnson [D]	Sen. Cristina Pacione-Zayas [D]	Sen. Mike Simmons [D]
Rep. Katie Stuart [D]	Rep. Diane Blair-Sherlock [D]	Rep. Will Guzzardi [D]	Rep. Gregg Johnson [D]
Rep. Anna Moeller [D]	Rep. Norma Hernandez [D]

2024-05-09 - House - Third Reading in House (Y: 112 N: 0 NV: 0 Abs: 0) [PASS]
2023-03-24 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]

Date	Chamber	Action
2024-08-02	Senate	Public Act . . . . . . . . . 103-0748
2024-08-02	Senate	Effective Date August 2, 2024
2024-08-02	Senate	Governor Approved
2024-06-07	Senate	Sent to the Governor
2024-05-09	Senate	Passed Both Houses
2024-05-09	House	Third Reading - Short Debate - Passed 112-000-000
2024-04-24	House	Placed on Calendar Order of 3rd Reading - Short Debate
2024-04-24	House	Approved for Consideration Rules Committee; 005-000-000
2024-04-18	House	Added Alternate Co-Sponsor Rep. Norma Hernandez
2024-04-17	House	Added Alternate Co-Sponsor Rep. Anna Moeller
2024-04-17	House	Added Alternate Co-Sponsor Rep. Gregg Johnson
2024-04-17	House	Added Alternate Co-Sponsor Rep. Will Guzzardi
2024-04-17	House	Added Alternate Co-Sponsor Rep. Diane Blair-Sherlock
2023-05-31	House	Rule 19(a) / Re-referred to Rules Committee
2023-05-19	House	Third Reading/Final Action Deadline Extended-9(b) May 31, 2023
2023-05-12	House	Third Reading/Final Action Deadline Extended-9(b) May 19, 2023
2023-05-03	House	Placed on Calendar Order of 3rd Reading - Short Debate
2023-05-03	House	Second Reading - Short Debate
2023-04-20	House	Placed on Calendar 2nd Reading - Short Debate
2023-04-19	House	Do Pass / Short Debate Higher Education Committee; 011-000-000
2023-04-11	House	Assigned to Higher Education Committee
2023-03-24	House	Referred to Rules Committee
2023-03-24	House	First Reading
2023-03-24	Senate	Added as Co-Sponsor Sen. Mike Simmons
2023-03-24	Senate	Added as Chief Co-Sponsor Sen. Adriane Johnson
2023-03-24	House	Chief House Sponsor Rep. Katie Stuart
2023-03-24	House	Arrived in House
2023-03-24	Senate	Added as Co-Sponsor Sen. Cristina H. Pacione-Zayas
2023-03-24	Senate	Third Reading - Passed; 055-000-000
2023-03-23	Senate	Placed on Calendar Order of 3rd Reading March 24, 2023
2023-03-23	Senate	Senate Floor Amendment No. 1 Adopted; Fine
2023-03-23	Senate	Second Reading
2023-03-22	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Higher Education; 010-000-000
2023-03-07	Senate	Senate Floor Amendment No. 1 Assignments Refers to Higher Education
2023-03-03	Senate	Senate Floor Amendment No. 1 Referred to Assignments
2023-03-03	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Laura Fine
2023-02-22	Senate	Placed on Calendar Order of 2nd Reading February 23, 2023
2023-02-22	Senate	Do Pass Higher Education; 011-000-000
2023-01-31	Senate	Assigned to Higher Education
2023-01-20	Senate	Referred to Assignments
2023-01-20	Senate	First Reading
2023-01-20	Senate	Filed with Secretary by Sen. Laura Fine

Chapter	Article	Section	Citation Type	Statute Text
110	983	15	Amended Code	Citation Text
110	983	25	New Code	See Bill Text
110	983	30	New Code	See Bill Text
110	983	35	New Code	See Bill Text
110	983	40	New Code	See Bill Text
110	983	45	New Code	See Bill Text
110	983	5	Amended Code	Citation Text
110	983	50	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=86&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB0086.htm
Text	https://www.ilga.gov/legislation/103/SB/10300SB0086eng.htm
Text	https://www.ilga.gov/legislation/103/SB/10300SB0086enr.htm
Text	https://www.ilga.gov/legislation/publicacts/103/103-0748.htm
Amendment	https://www.ilga.gov/legislation/103/SB/10300SB0086sam001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/103/senate/10300SB0086_03242023_005000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/103/house/10300SB0086_05092024_004000T.pdf