Bob Morgan
- Democratic
- Representative
- District 58
Primary
Amends the Illinois Secure Choice Savings Program Act. Provides that the Illinois Secure Choice Savings Board shall determine the number and duties of staff members needed to administer the Illinois Secure Choice Savings Program and assemble such a staff in collaboration with the State Treasurer. Provides that the Board shall keep investment fees (rather than total annual expenses) as low as possible, but in no event shall they exceed 0.25% (rather than 0.75%). Provides that the Board may charge administrative fees, established by rule, that shall be consistent with industry standards. Provides that the definition of "employer" does not include the federal government, the State, any county, any municipal corporation, or any of the State's units or instrumentalities. Makes other changes. Effective immediately.
Effective Date June 9, 2023
Governor Approved
Public Act . . . . . . . . . 103-0043
Sent to the Governor
Passed Both Houses
Third Reading - Passed; 036-016-000
Second Reading
Placed on Calendar Order of 3rd Reading April 25, 2023
Placed on Calendar Order of 2nd Reading April 18, 2023
Approved for Consideration Assignments
Placed on Calendar Order of First Reading
Referred to Assignments
First Reading
Chief Senate Sponsor Sen. David Koehler
Arrive in Senate
Added Co-Sponsor Rep. Lance Yednock
Added Co-Sponsor Rep. Margaret Croke
Added Co-Sponsor Rep. Debbie Meyers-Martin
Added Co-Sponsor Rep. Justin Slaughter
Third Reading - Short Debate - Passed 106-000-003
Added Co-Sponsor Rep. Sue Scherer
Added Co-Sponsor Rep. Barbara Hernandez
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Added Chief Co-Sponsor Rep. Kelly M. Burke
Added Chief Co-Sponsor Rep. Kelly M. Cassidy
Added Chief Co-Sponsor Rep. Ann M. Williams
Added Chief Co-Sponsor Rep. Rita Mayfield
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate State Government Administration Committee; 009-000-000
Assigned to State Government Administration Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Bob Morgan
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Engrossed | HTML PDF |
| Enrolled | HTML PDF |
| Document | Format |
|---|---|
| Public Act |
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