Illinois Senate Bill 1844 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 4-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Creates the Illinois Automatic IRA Program Act. Provides that the Illinois Automatic IRA Program shall be administered by the State Treasurer and that the Treasurer shall adopt regulations to implement the Program. Allows employees of certain employers that have not offered a qualified retirement plan for 2 years to set aside a percentage of their wages to be deposited into an IRA trust fund administered by the State Treasurer's office. Sets minimum requirements for the operation of the Program. Sets forth duties and authority of the State Treasurer in relation to the Program. Limits State and employer liability. Contains provisions regarding audits and reports. Effective immediately.

ILLINOIS AUTOMATIC IRA ACT

Sen. Iris Martinez [D]

Sen. Jacqueline Collins [D]

Sen. Emil Jones [D]

Sen. Kwame Raoul [D]

Date	Chamber	Action
2013-01-08	Senate	Session Sine Die
2012-03-09	Senate	Rule 3-9(a) / Re-referred to Assignments
2012-03-09	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2012-03-08	Senate	Postponed - Financial Institutions
2012-03-08	Senate	Senate Committee Amendment No. 1 Postponed - Financial Institutions
2012-03-06	Senate	Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
2012-03-02	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2012-03-02	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez
2012-03-01	Senate	Postponed - Financial Institutions
2012-02-17	Senate	Re-assigned to Financial Institutions
2011-03-18	Senate	Rule 3-9(a) / Re-referred to Assignments
2011-03-17	Senate	Postponed - Financial Institutions
2011-03-15	Senate	Added as Co-Sponsor Sen. Kwame Raoul
2011-03-10	Senate	Postponed - Financial Institutions
2011-03-03	Senate	Added as Chief Co-Sponsor Sen. Emil Jones, III
2011-03-02	Senate	Assigned to Financial Institutions
2011-02-15	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
2011-02-09	Senate	Referred to Assignments
2011-02-09	Senate	First Reading
2011-02-09	Senate	Filed with Secretary by Sen. Iris Y. Martinez

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1844&GAID=11&DocTypeID=SB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/SB/09700SB1844.htm
Text	https://www.ilga.gov/legislation/97/SB/09700SB1844sam001.htm