HB 1700

  • Illinois House Bill
  • 104th Regular Session
  • Introduced in House Apr 09, 2025
  • Passed House Apr 09, 2025
  • Senate
  • Governor

Funds-Community Reinvestment

Abstract

Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Provides that the State Treasurer or any public agency may consider the current and historical ratings that a financial institution has received under the Illinois Community Reinvestment Act when deciding whether to deposit State or public funds in that financial institution. Provides that, effective January 1, 2026, no State or public funds may be deposited in a financial institution subject to the Illinois Community Reinvestment Act unless either (i) the institution has a current rating of satisfactory or outstanding under the Illinois Community Reinvestment Act or (ii) the Department of Financial and Professional Regulation has not yet completed its initial examination of the institution pursuant to the Illinois Community Reinvestment Act. Makes conforming changes. Effective January 1, 2026.

Bill Sponsors (14)

Votes


Actions


Dec 01, 2025

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Oct 14, 2025

Senate

Placed on Calendar Order of 3rd Reading October 15, 2025

Senate

Approved for Consideration Assignments

Jun 02, 2025

Senate

Rule 3-9(a) / Re-referred to Assignments

May 23, 2025

Senate

Rule 2-10 Third Reading/Passage Deadline Established As June 1, 2025

May 15, 2025

Senate

Placed on Calendar Order of 2nd Reading

Senate

Placed on Calendar Order of 3rd Reading May 20, 2025

Senate

Second Reading

Senate

Do Pass as Amended Executive; 009-004-000

May 14, 2025

Senate

Senate Committee Amendment No. 1 Adopted

Senate

Senate Committee Amendment No. 1 Assignments Refers to Executive

May 13, 2025

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Senate

Alternate Chief Sponsor Changed to Sen. Don Harmon

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon

May 09, 2025

Senate

Rule 2-10 Committee Deadline Established As May 23, 2025

May 08, 2025

Senate

Assigned to Executive

Apr 23, 2025

Senate

First Reading

Senate

Referred to Assignments

Senate

Chief Senate Sponsor Sen. Mattie Hunter

Apr 09, 2025

House

Added Co-Sponsor Rep. Yolonda Morris

House

Third Reading - Short Debate - Passed 084-030-001

House

Added Chief Co-Sponsor Rep. Jehan Gordon-Booth

Senate

Arrive in Senate

Senate

Placed on Calendar Order of First Reading April 10, 2025

House

Added Co-Sponsor Rep. Hoan Huynh

Mar 18, 2025

House

Added Co-Sponsor Rep. Emanuel "Chris" Welch

House

Placed on Calendar Order of 3rd Reading - Short Debate

House

Second Reading - Short Debate

Mar 06, 2025

House

Added Co-Sponsor Rep. Lisa Davis

Mar 05, 2025

House

Placed on Calendar 2nd Reading - Short Debate

Mar 04, 2025

House

Added Co-Sponsor Rep. Michael Crawford

House

Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 009-002-000

House

House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote

Feb 27, 2025

House

Added Chief Co-Sponsor Rep. Camille Y. Lilly

House

Added Co-Sponsor Rep. Justin Slaughter

House

Added Co-Sponsor Rep. William "Will" Davis

House

Added Co-Sponsor Rep. Debbie Meyers-Martin

House

Added Chief Co-Sponsor Rep. Sonya M. Harper

House

Added Co-Sponsor Rep. Suzanne M. Ness

Feb 25, 2025

House

House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee

Feb 24, 2025

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Kimberly Du Buclet

House

House Committee Amendment No. 1 Referred to Rules Committee

Feb 18, 2025

House

Assigned to Financial Institutions and Licensing Committee

Jan 28, 2025

House

First Reading

House

Referred to Rules Committee

Jan 24, 2025

House

Filed with the Clerk by Rep. Kimberly Du Buclet

Bill Text

Bill Text Versions Format
Introduced HTML PDF
Engrossed HTML PDF
House Amendment 001 HTML PDF
Senate Amendment 001 HTML PDF

Related Documents

Document Format
No related documents.

Sources

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