---
type: "Bill"
title: "FINANCIAL INST-INSURANCE COMP"
description: "FINANCIAL INST-INSURANCE COMP"
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "90th"
identifier: "HB 586"
citation: "Illinois HB 586 (90th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 1
action_count: 74
vote_count: 0
first_action: "1997-02-06T00:00:00-06:00"
last_action: "1997-07-01T00:00:00-05:00"
source: "openstates"
source_identifier: "ocd-bill/47880ec4-71e4-49b4-8b86-0197d05b427c"
source_url: "http://www.ilga.gov/legislation/legisnet90/90gatoc.html"
source_hash: "6bee162eae38d4c5b37473f1f28e5a59e4a0664f92a2005f416a8585e58ba11f"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois HB 586 (90th) — FINANCIAL INST-INSURANCE COMP

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **HB0586** (committee substitute) — [source](http://www.ilga.gov/legislation/legisnet90/hbgroups/hb/900HB0586LV.html)

## Sponsors

- BERGMAN — cosponsor (person)
- BRADY — cosponsor (person)
- BRUNSVOLD — cosponsor (person)
- BUGIELSKI — cosponsor (person)
- BURKE — cosponsor (person)
- CAPPARELLI — cosponsor (person)
- DAVIS,MONIQUE — cosponsor (person)
- DEUCHLER — cosponsor (person)
- FLOWERS — cosponsor (person)
- JONES,LOU — cosponsor (person)
- LOPEZ — cosponsor (person)
- LYONS,JOSEPH — cosponsor (person)
- MADIGAN,R — cosponsor (person)
- MAUTINO — cosponsor (person)
- MCAULIFFE — cosponsor (person)
- MOORE,EUGENE — cosponsor (person)
- REA — cosponsor (person)
- SAVIANO — cosponsor (person)
- SEVERNS — cosponsor (person)
- WOOD — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **1997-02-06T00:00:00-06:00** FIRST READING `reading-1`
- **1997-02-06T00:00:00-06:00** ADDED AS A JOINT SPONSOR CAPPARELLI
- **1997-02-06T00:00:00-06:00** REFERRED TO HOUSE RULES COMMITTEE RULES `referral-committee`
- **1997-02-10T00:00:00-06:00** ASSIGNED TO COMMITTEE BANKS-INSURN `referral-committee`
- **1997-03-21T00:00:00-06:00** DO PASS/SHORT DEBATE 004-000-000 HBSI
- **1997-03-21T00:00:00-06:00** PLACED CALENDAR 2ND READING-SHORT DEBATE
- **1997-04-08T00:00:00-05:00** SECOND READING-SHORT DEBATE `reading-2`
- **1997-04-08T00:00:00-05:00** PLCD CAL ORDER 3RD READING-SHORT DEBATE
- **1997-04-16T00:00:00-05:00** ADDED AS A CO-SPONSOR MAUTINO
- **1997-04-16T00:00:00-05:00** THIRD READING/SHORT DEBATE/PASSED 107-002-003 `reading-3`
- **1997-04-16T00:00:00-05:00** ADDED AS A CO-SPONSOR BRADY
- **1997-04-17T00:00:00-05:00** ARRIVE IN SENATE
- **1997-04-17T00:00:00-05:00** CHIEF SPONSOR MADIGAN
- **1997-04-17T00:00:00-05:00** PLACED CALENDAR ORDER OF FIRST READING
- **1997-04-17T00:00:00-05:00** FIRST READING `reading-1`
- **1997-04-17T00:00:00-05:00** REFERRED TO SENATE RULES COMMITTEE RULES `referral-committee`
- **1997-04-17T00:00:00-05:00** ASSIGNED TO COMMITTEE FIN INST `referral-committee`
- **1997-04-23T00:00:00-05:00** RE-REFERRED TO COMMITTEE RULES
- **1997-04-23T00:00:00-05:00** ASSIGNED TO COMMITTEE INS & PENS. `referral-committee`
- **1997-04-25T00:00:00-05:00** ADDED AS A CHIEF CO-SPONSOR SEVERNS
- **1997-04-29T00:00:00-05:00** POSTPONED
- **1997-05-09T00:00:00-05:00** DO PASS 010-000-000 SINS
- **1997-05-09T00:00:00-05:00** PLACED ON CALENDAR ORDER OF 2ND READING 97-05-12
- **1997-05-14T00:00:00-05:00** SECOND READING `reading-2`
- **1997-05-14T00:00:00-05:00** PLACED ON CALENDAR ORDER OF 3RD READING 97-05-15
- **1997-05-14T00:00:00-05:00** FILED WITH SECRETARY `introduction`
- **1997-05-14T00:00:00-05:00** AMENDMENT NO. 01-MADIGAN
- **1997-05-14T00:00:00-05:00** -SEVERNS
- **1997-05-14T00:00:00-05:00** AMENDMENT REFERRED TO SRUL
- **1997-05-14T00:00:00-05:00** AMENDMENT NO. 01-MADIGAN
- **1997-05-14T00:00:00-05:00** -SEVERNS
- **1997-05-14T00:00:00-05:00** RULES REFERS TO SINS
- **1997-05-15T00:00:00-05:00** AMENDMENT NO. 01-MADIGAN
- **1997-05-15T00:00:00-05:00** -SEVERNS
- **1997-05-15T00:00:00-05:00** BE ADOPTED SINS/009-000-001
- **1997-05-15T00:00:00-05:00** RECALLED TO SECOND READING
- **1997-05-15T00:00:00-05:00** AMENDMENT NO. 01-MADIGAN
- **1997-05-15T00:00:00-05:00** -SEVERNS
- **1997-05-15T00:00:00-05:00** ADOPTED `passage`
- **1997-05-15T00:00:00-05:00** PLACED ON CALENDAR ORDER OF 3RD READING 97-05-16
- **1997-05-16T00:00:00-05:00** ADDED AS A CHIEF CO-SPONSOR REA
- **1997-05-16T00:00:00-05:00** THIRD READING - PASSED 056-000-002 `reading-3`
- **1997-05-16T00:00:00-05:00** ARRIVE IN HOUSE
- **1997-05-16T00:00:00-05:00** MOTION FILED CONCUR 01/CAPPARELLI
- **1997-05-16T00:00:00-05:00** REFERRED TO RULES COMMITTEE/RULE 75(A) 01 `referral-committee`
- **1997-05-16T00:00:00-05:00** PLACED ON CALENDAR ORDER OF CONCURRENCE 01
- **1997-05-17T00:00:00-05:00** PRIMARY SPONSOR CHANGED TO CAPPARELLI
- **1997-05-17T00:00:00-05:00** ADDED AS A CO-SPONSOR BUGIELSKI
- **1997-05-17T00:00:00-05:00** ADDED AS A CO-SPONSOR MCAULIFFE
- **1997-05-17T00:00:00-05:00** ADDED AS A CO-SPONSOR SAVIANO
- **1997-05-17T00:00:00-05:00** ADDED AS A CO-SPONSOR SANTIAGO
- **1997-05-17T00:00:00-05:00** ADDED AS A CO-SPONSOR LOPEZ
- **1997-05-17T00:00:00-05:00** ADDED AS A CO-SPONSOR BURKE
- **1997-05-17T00:00:00-05:00** ADDED AS A CO-SPONSOR LYONS,JOSEPH
- **1997-05-17T00:00:00-05:00** ADDED AS A CO-SPONSOR MOORE,EUGENE
- **1997-05-17T00:00:00-05:00** ADDED AS A CO-SPONSOR BERGMAN
- **1997-05-17T00:00:00-05:00** ADDED AS A CO-SPONSOR WOOD
- **1997-05-19T00:00:00-05:00** ADDED AS A CO-SPONSOR LANG
- **1997-05-19T00:00:00-05:00** ADDED AS A CO-SPONSOR BRUNSVOLD
- **1997-05-19T00:00:00-05:00** ADDED AS A CO-SPONSOR JONES,LOU
- **1997-05-19T00:00:00-05:00** ADDED AS A CO-SPONSOR DAVIS,MONIQUE
- **1997-05-19T00:00:00-05:00** ADDED AS A CO-SPONSOR JONES,SHIRLEY
- **1997-05-20T00:00:00-05:00** ADDED AS A CO-SPONSOR FLOWERS
- **1997-05-20T00:00:00-05:00** MOTION REFERRED TO 01/HBSI
- **1997-05-20T00:00:00-05:00** PLACED ON CALENDAR ORDER OF CONCURRENCE 01
- **1997-05-21T00:00:00-05:00** BE APPROVED FOR CONSIDERATION 01/004-000-000
- **1997-05-21T00:00:00-05:00** PLACED ON CALENDAR ORDER OF CONCURRENCE 01
- **1997-05-22T00:00:00-05:00** ADDED AS A CO-SPONSOR DEUCHLER
- **1997-05-22T00:00:00-05:00** HSE CONCURS IN SEN AMENDMENTS (NO.) 01/114-001-003
- **1997-05-22T00:00:00-05:00** PASSED BOTH HOUSES
- **1997-06-20T00:00:00-05:00** SENT TO THE GOVERNOR `executive-receipt`
- **1997-07-01T00:00:00-05:00** GOVERNOR APPROVED `executive-signature`
- **1997-07-01T00:00:00-05:00** EFFECTIVE DATE 97-10-01
- **1997-07-01T00:00:00-05:00** PUBLIC ACT.............................. 90-0041

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/47880ec4-71e4-49b4-8b86-0197d05b427c`. Confidence: reported (aggregated from official Illinois legislature records).