---
type: "Bill"
title: "FINANCIAL STANDARDS-SUNSET"
description: "Amends the Financial Reporting Standards Board Act. Provides that the Act is repealed on June 30, 2018 (currently, June 30, 2016). Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "99th"
identifier: "SB 2739"
citation: "Illinois SB 2739 (99th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 27
vote_count: 2
first_action: "2016-02-16"
last_action: "2016-07-29"
source: "openstates"
source_identifier: "ocd-bill/3dcec645-1bb8-4b2a-b3a5-d7a7a9e6e6b2"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2739&GAID=13&DocTypeID=SB&LegId=96046&SessionID=88&GA=99"
source_hash: "b0352c6924410f299ce1598ac4e661e5f2d7fb4bc6feea7e3c7deb320405f056"
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 SB 2739 (99th) — FINANCIAL STANDARDS-SUNSET

Amends the Financial Reporting Standards Board Act. Provides that the Act is repealed on June 30, 2018 (currently, June 30, 2016). Effective immediately.

## Version chain

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

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB2739&GA=99&SessionId=88&DocTypeId=SB&LegID=96046&DocNum=2739&GAID=13&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB2739eng&GA=99&SessionId=88&DocTypeId=SB&LegID=96046&DocNum=2739&GAID=13&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900SB2739enr&GA=99&SessionId=88&DocTypeId=SB&LegID=96046&DocNum=2739&GAID=13&Session=&print=true)

## Votes

- Third Reading — **110–0** (pass) · lower
- Third Reading — **52–0** (pass) · upper

## Sponsors

- Linda Holmes — primary (person)

## Timeline

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

- **2016-02-16** Filed with Secretary by Sen. Linda Holmes `filing`
- **2016-02-16** First Reading `reading-1`
- **2016-02-16** Referred to Assignments `referral-committee`
- **2016-02-24** Assigned to State Government and Veterans Affairs `referral-committee`
- **2016-03-02** Do Pass State Government and Veterans Affairs; 005-000-000 `committee-passage`
- **2016-03-02** Placed on Calendar Order of 2nd Reading March 3, 2016
- **2016-03-03** Second Reading `reading-2`
- **2016-03-03** Placed on Calendar Order of 3rd Reading March 8, 2016
- **2016-04-06** Third Reading - Passed; 052-000-000 `reading-3, passage`
- **2016-04-06** Arrived in House `introduction`
- **2016-04-06** Chief House Sponsor Rep. Stephanie A. Kifowit
- **2016-04-07** First Reading `reading-1`
- **2016-04-07** Referred to Rules Committee `referral-committee`
- **2016-04-18** Assigned to Revenue & Finance Committee `referral-committee`
- **2016-04-27** To Finance Subcommittee
- **2016-05-12** Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 005-000-000 `committee-passage`
- **2016-05-12** Remains in Revenue & Finance Committee
- **2016-05-12** Do Pass / Short Debate Revenue & Finance Committee; 012-000-000 `committee-passage`
- **2016-05-12** Placed on Calendar 2nd Reading - Short Debate
- **2016-05-17** Second Reading - Short Debate `reading-2`
- **2016-05-17** Placed on Calendar Order of 3rd Reading - Short Debate
- **2016-05-26** Third Reading - Short Debate - Passed 110-000-000 `reading-3, passage`
- **2016-05-26** Passed Both Houses
- **2016-06-24** Sent to the Governor `executive-receipt`
- **2016-07-29** Governor Approved `executive-signature`
- **2016-07-29** Effective Date July 29, 2016
- **2016-07-29** Public Act . . . . . . . . . 99-0704 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3dcec645-1bb8-4b2a-b3a5-d7a7a9e6e6b2`. Confidence: reported (aggregated from official Illinois legislature records).