Fabio
85 lines
5.1 KiB
Markdown
85 lines
5.1 KiB
Markdown
---
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type: "Bill"
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title: "SECURE CHOICE SAVINGS OPTION"
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description: "Amends the Illinois Secure Choice Savings Program Act. Provides that an investment option may be a conservative fund rather than a conservative principal protection fund. Provides that the Illinois Secure Choice Savings Board may establish deadlines for payment of payroll deductions to the Fund and enter agreements to permit residents of other states to participate in the program. Includes a traditional IRA within the definition of the term \"IRA\". Provides for audits on a fiscal year basis rather than a calendar year basis and report by the following January rather than July. Requires the Treasurer to prepare annual reports on benefits provided by the Program and post the report on the Program website. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "101st"
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identifier: "SB 1787"
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citation: "Illinois SB 1787 (101st)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 24
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vote_count: 2
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first_action: "2019-02-15"
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last_action: "2019-08-09"
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source: "openstates"
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source_identifier: "ocd-bill/abdc78d6-fbf3-4fee-8373-76d3041f6ac1"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=1787&GAID=15&DocTypeID=SB&LegId=119274&SessionID=108&GA=101"
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source_hash: "a11039ee297e8d88700cf2b4632a602b5062db2da88a54deabfd08322bb007d4"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 1787 (101st) — SECURE CHOICE SAVINGS OPTION
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Amends the Illinois Secure Choice Savings Program Act. Provides that an investment option may be a conservative fund rather than a conservative principal protection fund. Provides that the Illinois Secure Choice Savings Board may establish deadlines for payment of payroll deductions to the Fund and enter agreements to permit residents of other states to participate in the program. Includes a traditional IRA within the definition of the term "IRA". Provides for audits on a fiscal year basis rather than a calendar year basis and report by the following January rather than July. Requires the Treasurer to prepare annual reports on benefits provided by the Program and post the report on the Program website. Effective immediately.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100SB1787&GA=101&SessionId=108&DocTypeId=SB&LegID=119274&DocNum=1787&GAID=15&SpecSess=&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100SB1787eng&GA=101&SessionId=108&DocTypeId=SB&LegID=119274&DocNum=1787&GAID=15&SpecSess=&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100SB1787enr&GA=101&SessionId=108&DocTypeId=SB&LegID=119274&DocNum=1787&GAID=15&SpecSess=&Session=&print=true)
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## Votes
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- Third Reading — **54–0** (pass) · upper
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- Third Reading — **115–0** (pass) · lower
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## Sponsors
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- Omar Aquino — primary (person)
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- Robert Martwick — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2019-02-15** Filed with Secretary by Sen. Omar Aquino `filing`
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- **2019-02-15** First Reading `reading-1`
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- **2019-02-15** Referred to Assignments `referral-committee`
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- **2019-02-27** Assigned to Financial Institutions `referral-committee`
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- **2019-03-06** Do Pass Financial Institutions; 009-000-000 `committee-passage`
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- **2019-03-06** Placed on Calendar Order of 2nd Reading
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- **2019-03-06** Second Reading `reading-2`
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- **2019-03-06** Placed on Calendar Order of 3rd Reading March 7, 2019
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- **2019-03-13** Third Reading - Passed; 054-000-000 `reading-3, passage`
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- **2019-03-13** Arrived in House `introduction`
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- **2019-03-14** Chief House Sponsor Rep. Robert Martwick
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- **2019-03-14** First Reading `reading-1`
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- **2019-03-14** Referred to Rules Committee `referral-committee`
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- **2019-04-09** Assigned to Personnel & Pensions Committee `referral-committee`
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- **2019-05-02** Do Pass / Short Debate Personnel & Pensions Committee; 009-000-000 `committee-passage`
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- **2019-05-02** Placed on Calendar 2nd Reading - Short Debate
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- **2019-05-16** Second Reading - Short Debate `reading-2`
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- **2019-05-16** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2019-05-23** Third Reading - Short Debate - Passed 115-000-000 `reading-3, passage`
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- **2019-05-23** Passed Both Houses
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- **2019-06-21** Sent to the Governor `executive-receipt`
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- **2019-08-09** Governor Approved `executive-signature`
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- **2019-08-09** Effective Date August 9, 2019
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- **2019-08-09** Public Act . . . . . . . . . 101-0353 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/abdc78d6-fbf3-4fee-8373-76d3041f6ac1`. Confidence: reported (aggregated from official Illinois legislature records).
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