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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill SMALL BUSINESS DEVELOPMENT Amends the Build Illinois Act. Provides that the Department of Commerce and Economic Opportunity may also make loans or equity investments to small businesses with moneys in the State Small Business Credit Initiative Fund (currently, the Department make only make such loans and equity investments with moneys in the Build Illinois Bond Fund, the Illinois Capital Revolving Fund, or the Illinois Equity Revolving Fund). Provides that the Department of Commerce and Economic Opportunity may make loans to small businesses of up to $2,000,000 (currently, $750,000) per project. Provides that moneys collected from the fees imposed under this Act connected with the Capital Fund shall be deposited into the Capital Fund. Provides that loans under the minority, veteran, female, and persons with a disability loan program shall not exceed $400,000 (currently, $100,000) without a waiver from the Director of Commerce and Economic Opportunity. Effective immediately. us/states/il Illinois General Assembly 100th HB 2698 Illinois HB 2698 (100th)
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3 50 2 2017-02-08 2017-08-25 openstates ocd-bill/a63e8383-ca92-48bc-8ec9-ab4808b8e924 http://ilga.gov/legislation/BillStatus.asp?DocNum=2698&GAID=14&DocTypeID=HB&LegId=103993&SessionID=91&GA=100 82801292bcb28f7b2d6c00c7b1a3665a401918d13536b9e3d0e837ab867ab560 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
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us-il

Illinois HB 2698 (100th) — SMALL BUSINESS DEVELOPMENT

Amends the Build Illinois Act. Provides that the Department of Commerce and Economic Opportunity may also make loans or equity investments to small businesses with moneys in the State Small Business Credit Initiative Fund (currently, the Department make only make such loans and equity investments with moneys in the Build Illinois Bond Fund, the Illinois Capital Revolving Fund, or the Illinois Equity Revolving Fund). Provides that the Department of Commerce and Economic Opportunity may make loans to small businesses of up to $2,000,000 (currently, $750,000) per project. Provides that moneys collected from the fees imposed under this Act connected with the Capital Fund shall be deposited into the Capital Fund. Provides that loans under the minority, veteran, female, and persons with a disability loan program shall not exceed $400,000 (currently, $100,000) without a waiver from the Director of Commerce and Economic Opportunity. Effective immediately.

Version chain

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

  1. Introduced (filed) — source
  2. Engrossed (committee substitute) — source
  3. Enrolled (enrolled) — source

Votes

  • Third Reading — 550 (pass) · upper
  • Third Reading — 1111 (pass) · lower

Sponsors

  • Arthur Turner — primary (person)
  • Kimberly A. Lightford — cosponsor (person)
  • Michael Connelly — cosponsor (person)
  • Thomas Cullerton — cosponsor (person)

Timeline

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

  • 2017-02-08 Filed with the Clerk by Rep. Arthur Turner filing
  • 2017-02-08 First Reading reading-1
  • 2017-02-08 Referred to Rules Committee referral-committee
  • 2017-02-22 Assigned to Executive Committee referral-committee
  • 2017-02-22 Added Chief Co-Sponsor Rep. Linda Chapa LaVia
  • 2017-02-28 Added Co-Sponsor Rep. Elizabeth Hernandez
  • 2017-03-10 House Committee Amendment No. 1 Filed with Clerk by Rep. Arthur Turner amendment-introduction
  • 2017-03-10 House Committee Amendment No. 1 Referred to Rules Committee referral-committee
  • 2017-03-13 House Committee Amendment No. 1 Rules Refers to Executive Committee
  • 2017-03-29 House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote amendment-passage
  • 2017-03-29 Do Pass as Amended / Short Debate Executive Committee; 011-000-000 committee-passage
  • 2017-03-29 Placed on Calendar 2nd Reading - Short Debate
  • 2017-03-29 Added Chief Co-Sponsor Rep. Barbara Wheeler
  • 2017-04-07 Second Reading - Short Debate reading-2
  • 2017-04-07 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2017-04-07 Remove Chief Co-Sponsor Rep. Barbara Wheeler
  • 2017-04-07 Added Chief Co-Sponsor Rep. Keith R. Wheeler
  • 2017-04-10 Added Co-Sponsor Rep. Mark Batinick
  • 2017-04-24 Third Reading - Short Debate - Passed 111-001-000 reading-3, passage
  • 2017-04-24 Added Chief Co-Sponsor Rep. Carol Ammons
  • 2017-04-24 Added Chief Co-Sponsor Rep. Stephanie A. Kifowit
  • 2017-04-24 Added Co-Sponsor Rep. Melissa Conyears-Ervin
  • 2017-04-24 Added Co-Sponsor Rep. LaToya Greenwood
  • 2017-04-24 Added Co-Sponsor Rep. Robert Martwick
  • 2017-04-24 Added Co-Sponsor Rep. Jehan Gordon-Booth
  • 2017-04-24 Added Co-Sponsor Rep. Elgie R. Sims, Jr.
  • 2017-04-25 Arrive in Senate introduction
  • 2017-04-25 Placed on Calendar Order of First Reading April 26, 2017 reading-1
  • 2017-05-01 Chief Senate Sponsor Sen. Toi W. Hutchinson
  • 2017-05-01 Added as Alternate Chief Co-Sponsor Sen. Karen McConnaughay
  • 2017-05-02 First Reading reading-1
  • 2017-05-02 Referred to Assignments referral-committee
  • 2017-05-02 Added as Alternate Chief Co-Sponsor Sen. Andy Manar
  • 2017-05-03 Added as Alternate Co-Sponsor Sen. Kimberly A. Lightford
  • 2017-05-04 Added as Alternate Chief Co-Sponsor Sen. Chuck Weaver
  • 2017-05-05 Assigned to Commerce and Economic Development referral-committee
  • 2017-05-05 Added as Alternate Co-Sponsor Sen. Michael Connelly
  • 2017-05-11 Do Pass Commerce and Economic Development; 007-000-000 committee-passage
  • 2017-05-11 Placed on Calendar Order of 2nd Reading May 12, 2017
  • 2017-05-12 Added as Alternate Chief Co-Sponsor Sen. Cristina Castro
  • 2017-05-23 Second Reading reading-2
  • 2017-05-23 Placed on Calendar Order of 3rd Reading May 24, 2017
  • 2017-05-26 Rule 2-10 Third Reading Deadline Established As May 31, 2017 reading-3
  • 2017-05-31 Third Reading - Passed; 055-000-000 reading-3, passage
  • 2017-05-31 Added as Alternate Co-Sponsor Sen. Thomas Cullerton
  • 2017-05-31 Passed Both Houses
  • 2017-06-29 Sent to the Governor executive-receipt
  • 2017-08-25 Governor Approved executive-signature
  • 2017-08-25 Effective Date August 25, 2017
  • 2017-08-25 Public Act . . . . . . . . . 100-0377 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/a63e8383-ca92-48bc-8ec9-ab4808b8e924. Confidence: reported (aggregated from official Illinois legislature records).