2025-2026 Regular SessionIllinois Legislature

SB1301: FUNDS-COMMUNITY REINVESTMENT

Legislative 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 Provides that State and public funds that have been deposited may not be withdrawn from a financial institution prior to the date of maturity solely on the basis of a less than satisfactory rating under the Illinois Community Reinvestment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.

Demographic Impact

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Neutral
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Bill History

1/28/2025
Filed with Secretary by Sen. Mattie Hunter
Senate
1/28/2025
First Reading
Senate
1/28/2025
Referred to Assignments
Senate
2/4/2025
Assigned to Financial Institutions
Senate
2/19/2025
Postponed - Financial Institutions
Senate
2/24/2025
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Mattie Hunter
Senate
2/24/2025
Senate Committee Amendment No. 1 Referred to Assignments
Senate
2/25/2025
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
Senate
2/26/2025
Senate Committee Amendment No. 1 Adopted
Senate
2/26/2025
Do Pass as Amended Financial Institutions; 008-000-000
Senate
2/26/2025
Placed on Calendar Order of 2nd Reading February 27, 2025
Senate
2/26/2025
Added as Chief Co-Sponsor Sen. Mark L. Walker
Senate
3/5/2025
Second Reading
Senate
3/5/2025
Placed on Calendar Order of 3rd Reading March 6, 2025
Senate
4/4/2025
Added as Co-Sponsor Sen. Kimberly A. Lightford
Senate
4/4/2025
Placed on Calendar Order of 3rd Reading **
Senate
4/9/2025
Placed on Calendar Order of 3rd Reading
Senate
4/9/2025
Third Reading - Passed; 056-000-000
Senate
4/9/2025
Arrived in House
House of Representatives
4/9/2025
Chief House Sponsor Rep. Kimberly Du Buclet
House of Representatives
4/9/2025
First Reading
House of Representatives
4/9/2025
Referred to Rules Committee
House of Representatives
4/17/2025
Assigned to Financial Institutions and Licensing Committee
House of Representatives

Amendments

Senate Amendment 001

Senate Amendment 001

2/24/2025Not Adopted

Roll Call Votes

Motion in Senate
4/9/2025
56
Yea
0
Nay
3
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Engrossed(4/9/2025)
Chamber
House of Representatives
Committee
Financial Institutions and Licensing(House of Representatives)

Documents

Engrossed
Bill Text4/9/202526.3 KB
Introduced
Bill Text1/28/202527.6 KB