republic-os/legislation/us/states/il/103rd/sb-86.md

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	HIGHER ED-COSIGNER LOANS	Amends the Know Before You Owe Private Education Loan Act. Provides that the information regarding loans shall be provided to borrowers and cosigners (instead of just borrowers). Sets forth provisions for cosigner disclosure and notice, cosigner release, cosigner rights, what happens in the event of the bankruptcy or death of a cosigner, the total and permanent disability of a borrower or cosigner, refinancing, and modified or flexible repayment plans. Effective immediately.	us/states/il	Illinois General Assembly	103rd	SB 86	Illinois SB 86 (103rd)	bill		enacted	Katie Stuart Laura Fine	4	42	5	2023-01-20	2024-08-02	openstates	ocd-bill/527e9a7e-b10e-41fb-8ec3-b460dcd19c5a	https://beta.ilga.gov/Legislation/BillStatus?DocNum=86&GAID=17&DocTypeID=SB&LegId=143370&SessionID=112	fdfc7dde54890197254178be2b4fecb48d8aa518b5abb10df2c4ba64c6529a38	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 86 (103rd) — HIGHER ED-COSIGNER LOANS

Amends the Know Before You Owe Private Education Loan Act. Provides that the information regarding loans shall be provided to borrowers and cosigners (instead of just borrowers). Sets forth provisions for cosigner disclosure and notice, cosigner release, cosigner rights, what happens in the event of the bankruptcy or death of a cosigner, the total and permanent disability of a borrower or cosigner, refinancing, and modified or flexible repayment plans. 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. Senate Amendment 001 (committee substitute) — source
4. Enrolled (enrolled) — source

Votes

• Third Reading — 55–0 (pass) · lower
• Higher Education — 11–0 (pass) · lower
• Third Reading — 112–0 (pass) · lower
• Higher Education — 11–0 (pass) · lower
• Higher Education, Amendment 1 — 10–0 (pass) · lower

Sponsors

• Katie Stuart — primary (person)
• Laura Fine — primary (person)
• Adriane Johnson — cosponsor (person)
• Anna Moeller — cosponsor (person)
• Cristina H. Pacione-Zayas — cosponsor (person)
• Diane Blair-Sherlock — cosponsor (person)
• Gregg Johnson — cosponsor (person)
• Mike Simmons — cosponsor (person)
• Norma Hernandez — cosponsor (person)
• Will Guzzardi — cosponsor (person)

Timeline

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

• 2023-01-20 Filed with Secretary by Sen. Laura Fine filing
• 2023-01-20 First Reading reading-1
• 2023-01-20 Referred to Assignments
• 2023-01-31 Assigned to Higher Education referral-committee
• 2023-02-22 Do Pass Higher Education; 011-000-000
• 2023-02-22 Placed on Calendar Order of 2nd Reading February 23, 2023 reading-2
• 2023-03-03 Senate Floor Amendment No. 1 Filed with Secretary by Sen. Laura Fine amendment-introduction
• 2023-03-03 Senate Floor Amendment No. 1 Referred to Assignments
• 2023-03-07 Senate Floor Amendment No. 1 Assignments Refers to Higher Education
• 2023-03-22 Senate Floor Amendment No. 1 Recommend Do Adopt Higher Education; 010-000-000
• 2023-03-23 Second Reading reading-2
• 2023-03-23 Senate Floor Amendment No. 1 Adopted; Fine amendment-passage
• 2023-03-23 Placed on Calendar Order of 3rd Reading March 24, 2023
• 2023-03-24 Third Reading - Passed; 055-000-000 passage, reading-3
• 2023-03-24 Added as Co-Sponsor Sen. Cristina H. Pacione-Zayas
• 2023-03-24 Arrived in House introduction
• 2023-03-24 Chief House Sponsor Rep. Katie Stuart
• 2023-03-24 Added as Chief Co-Sponsor Sen. Adriane Johnson
• 2023-03-24 Added as Co-Sponsor Sen. Mike Simmons
• 2023-03-24 First Reading reading-1
• 2023-03-24 Referred to Rules Committee
• 2023-04-11 Assigned to Higher Education Committee referral-committee
• 2023-04-19 Do Pass / Short Debate Higher Education Committee; 011-000-000
• 2023-04-20 Placed on Calendar 2nd Reading - Short Debate reading-2
• 2023-05-03 Second Reading - Short Debate reading-2
• 2023-05-03 Placed on Calendar Order of 3rd Reading - Short Debate
• 2023-05-12 Third Reading/Final Action Deadline Extended-9(b) May 19, 2023
• 2023-05-19 Third Reading/Final Action Deadline Extended-9(b) May 31, 2023
• 2023-05-31 Rule 19(a) / Re-referred to Rules Committee
• 2024-04-17 Added Alternate Co-Sponsor Rep. Diane Blair-Sherlock
• 2024-04-17 Added Alternate Co-Sponsor Rep. Will Guzzardi
• 2024-04-17 Added Alternate Co-Sponsor Rep. Gregg Johnson
• 2024-04-17 Added Alternate Co-Sponsor Rep. Anna Moeller
• 2024-04-18 Added Alternate Co-Sponsor Rep. Norma Hernandez
• 2024-04-24 Approved for Consideration Rules Committee; 005-000-000
• 2024-04-24 Placed on Calendar Order of 3rd Reading - Short Debate
• 2024-05-09 Third Reading - Short Debate - Passed 112-000-000 passage, reading-3
• 2024-05-09 Passed Both Houses
• 2024-06-07 Sent to the Governor executive-receipt
• 2024-08-02 Governor Approved executive-signature
• 2024-08-02 Effective Date August 2, 2024
• 2024-08-02 Public Act . . . . . . . . . 103-0748 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/527e9a7e-b10e-41fb-8ec3-b460dcd19c5a. Confidence: reported (aggregated from official Illinois legislature records).