Illinois Senate Bill 1718 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on August 27 2013 - 100% progression
Action: 2013-08-27 - Public Act . . . . . . . . . 98-0571
Text: Latest bill text (Chaptered) [HTML]

Amends the Illinois Insurance Code. Provides that subject to the restrictions provided in the Article concerning life and health insurers, an insurer may invest in bonds, notes, warrants, and other securities not in default that are the direct obligations of the government of any foreign country that is a member of the Organisation for Economic Co-operation and Development (OECD) and for which the full faith and credit of such government has been pledged for the payment of principal and interest, provided that (i) the debt of the issuing country has been rated as investment grade for at least 10 years immediately before the time of acquiring the obligations by at least 2 of the major ratings agencies, including Moody's Investors Service, Standard & Poor's Rating Services, Fitch Rating, and the Securities Valuation Office of the National Association of Insurance Commissioners and (ii) the issuing country has not defaulted and has met its payment obligations in a timely manner on all similar obligations for a period of at least 30 years immediately before the time of acquiring the obligations.

INS CD-DEPOSIT OF SECURITIES

Sen. Ira Silverstein [D]	Sen. Michael Frerichs [D]	Sen. Bill Brady [R]	Sen. Sara Feigenholtz [D]
Rep. Dennis Reboletti [R]

2013-05-30 - Senate - Concurrence in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]
2013-05-30 - Senate - Concurrence in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]
2013-05-26 - House - Third Reading in House (Y: 74 N: 36 NV: 1 Abs: 2) [PASS]
2013-04-23 - Senate - Third Reading in Senate (Y: 53 N: 0 NV: 6 Abs: 0) [PASS]

Date	Chamber	Action
2013-08-27	Senate	Public Act . . . . . . . . . 98-0571
2013-08-27	Senate	Effective Date August 27, 2013
2013-08-27	Senate	Governor Approved
2013-06-28	Senate	Sent to the Governor
2013-05-30	Senate	Passed Both Houses
2013-05-30	Senate	House Committee Amendment No. 2 Senate Concurs 057-000-000
2013-05-30	Senate	House Committee Amendment No. 1 Senate Concurs 057-000-000
2013-05-29	Senate	House Committee Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 015-000-000
2013-05-29	Senate	House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 015-000-000
2013-05-28	Senate	House Committee Amendment No. 2 Motion to Concur Assignments Referred to Executive
2013-05-28	Senate	House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive
2013-05-27	Senate	House Committee Amendment No. 2 Motion to Concur Referred to Assignments
2013-05-27	Senate	House Committee Amendment No. 2 Motion to Concur Filed with Secretary Sen. Ira I. Silverstein
2013-05-27	Senate	House Committee Amendment No. 1 Motion to Concur Referred to Assignments
2013-05-27	Senate	House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Ira I. Silverstein
2013-05-27	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 28, 2013
2013-05-27	Senate	Secretary's Desk - Concurrence House Amendment(s) 1, 2
2013-05-26	House	Third Reading - Short Debate - Passed 074-036-000
2013-05-24	House	Final Action Deadline Extended-9(b) May 31, 2013
2013-05-23	House	Added Alternate Chief Co-Sponsor Rep. Dennis M. Reboletti
2013-05-17	House	Placed on Calendar Order of 3rd Reading - Short Debate
2013-05-17	House	Second Reading - Short Debate
2013-05-15	House	Placed on Calendar 2nd Reading - Short Debate
2013-05-15	House	Do Pass as Amended / Short Debate Executive Committee; 011-000-000
2013-05-15	House	House Committee Amendment No. 2 Adopted in Executive Committee; by Voice Vote
2013-05-15	House	House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
2013-05-13	House	House Committee Amendment No. 2 Rules Refers to Executive Committee
2013-05-10	House	House Committee Amendment No. 2 Referred to Rules Committee
2013-05-10	House	House Committee Amendment No. 2 Filed with Clerk by Rep. Sara Feigenholtz
2013-05-10	House	Final Action Deadline Extended-9(b) May 24, 2013
2013-05-10	House	House Committee Amendment No. 1 Rules Refers to Executive Committee
2013-05-09	House	Alternate Chief Sponsor Changed to Rep. Sara Feigenholtz
2013-05-09	House	House Committee Amendment No. 1 Referred to Rules Committee
2013-05-09	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Sara Feigenholtz
2013-05-09	House	Assigned to Executive Committee
2013-04-29	House	Referred to Rules Committee
2013-04-29	House	First Reading
2013-04-24	House	Chief House Sponsor Rep. Lou Lang
2013-04-24	House	Arrived in House
2013-04-23	Senate	Third Reading - Passed; 053-000-000
2013-04-18	Senate	Placed on Calendar Order of 3rd Reading April 23, 2013
2013-04-18	Senate	Senate Floor Amendment No. 2 Adopted; Silverstein
2013-04-18	Senate	Recalled to Second Reading
2013-04-17	Senate	Senate Floor Amendment No. 2 Recommend Do Adopt Insurance; 008-000-000
2013-04-17	Senate	Senate Floor Amendment No. 2 Assignments Refers to Insurance
2013-04-10	Senate	Placed on Calendar Order of 3rd Reading April 11, 2013
2013-04-10	Senate	Second Reading
2013-04-10	Senate	Senate Floor Amendment No. 2 Referred to Assignments
2013-04-10	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Ira I. Silverstein
2013-03-21	Senate	Added as Co-Sponsor Sen. William E. Brady
2013-03-21	Senate	Added as Chief Co-Sponsor Sen. Michael W. Frerichs
2013-03-20	Senate	Placed on Calendar Order of 2nd Reading March 21, 2013
2013-03-20	Senate	Do Pass as Amended Insurance; 008-000-000
2013-03-20	Senate	Senate Committee Amendment No. 1 Adopted
2013-03-13	Senate	Postponed - Insurance
2013-03-13	Senate	Senate Committee Amendment No. 1 Assignments Refers to Insurance
2013-03-12	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2013-03-12	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein
2013-02-27	Senate	Assigned to Insurance
2013-02-15	Senate	Referred to Assignments
2013-02-15	Senate	First Reading
2013-02-15	Senate	Filed with Secretary by Sen. Ira I. Silverstein

Chapter	Article	Section	Citation Type	Statute Text
215	5	126.11a	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1718&GAID=12&DocTypeID=SB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/SB/09800SB1718.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB1718sam001.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB1718sam002.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB1718eng.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB1718ham001.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB1718ham002.htm
Text	https://www.ilga.gov/legislation/98/SB/09800SB1718enr.htm
Text	https://www.ilga.gov/legislation/publicacts/98/098-0571.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/98/senate/09800SB1718_04232013_027000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/98/house/09800SB1718_05262013_008000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/98/senate/09800SB1718_05302013_030001C.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/98/senate/09800SB1718_05302013_030000C.pdf