republic-os/legislation/us/states/il/104th/sb-1301.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	FUNDS-COMMUNITY REINVESTMENT	Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Provides that the State Treasurer or any public agency may consider the current and historical ratings that a financial institution has received under the Illinois Community Reinvestment Act when deciding whether to deposit State or public funds in that financial institution. Provides that, effective January 1, 2026, no State or public funds may be deposited in a financial institution subject to the Illinois Community Reinvestment Act unless either (i) the institution has a current rating of satisfactory or outstanding under the Illinois Community Reinvestment Act or (ii) the Department of Financial and Professional Regulation has not yet completed its initial examination of the institution pursuant to the Illinois Community Reinvestment Act. Makes conforming changes. Effective January 1, 2026.	us/states/il	Illinois General Assembly	104th	SB 1301	Illinois SB 1301 (104th)	bill		enacted	Kimberly Du Buclet Mattie Hunter	4	35	5	2025-01-28	2025-08-01	openstates	ocd-bill/f2dceded-6d72-4cc4-8a74-8929316edbdc	https://ilga.gov/Legislation/BillStatus?DocNum=1301&GAID=18&DocTypeID=SB&LegId=159220&SessionID=114	36e6a2838ccabbecae0ede5c4efcb764f9e59c605a576e46dfa6b7b94aa5b3b6	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 1301 (104th) — FUNDS-COMMUNITY REINVESTMENT

Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Provides that the State Treasurer or any public agency may consider the current and historical ratings that a financial institution has received under the Illinois Community Reinvestment Act when deciding whether to deposit State or public funds in that financial institution. Provides that, effective January 1, 2026, no State or public funds may be deposited in a financial institution subject to the Illinois Community Reinvestment Act unless either (i) the institution has a current rating of satisfactory or outstanding under the Illinois Community Reinvestment Act or (ii) the Department of Financial and Professional Regulation has not yet completed its initial examination of the institution pursuant to the Illinois Community Reinvestment Act. Makes conforming changes. Effective January 1, 2026.

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

• Financial Institutions — 8–0 (pass) · upper
• Financial Institutions — 7–0 (pass) · upper
• Third Reading — 56–0 (pass) · upper
• Third Reading — 108–0 (pass) · lower
• Financial Institutions & Licensing — 11–0 (pass) · lower

Sponsors

• Kimberly Du Buclet — primary (person)
• Mattie Hunter — primary (person)
• Camille Y. Lilly — cosponsor (person)
• Kimberly A. Lightford — cosponsor (person)
• Mark L. Walker — cosponsor (person)
• Thaddeus Jones — cosponsor (person)

Timeline

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

• 2025-01-28 Filed with Secretary by Sen. Mattie Hunter filing
• 2025-01-28 First Reading reading-1
• 2025-01-28 Referred to Assignments
• 2025-02-04 Assigned to Financial Institutions referral-committee
• 2025-02-19 Postponed - Financial Institutions
• 2025-02-24 Senate Committee Amendment No. 1 Filed with Secretary by Sen. Mattie Hunter amendment-introduction
• 2025-02-24 Senate Committee Amendment No. 1 Referred to Assignments
• 2025-02-25 Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
• 2025-02-26 Senate Committee Amendment No. 1 Adopted amendment-passage
• 2025-02-26 Do Pass as Amended Financial Institutions; 008-000-000
• 2025-02-26 Placed on Calendar Order of 2nd Reading February 27, 2025 reading-2
• 2025-02-26 Added as Chief Co-Sponsor Sen. Mark L. Walker
• 2025-03-05 Second Reading reading-2
• 2025-03-05 Placed on Calendar Order of 3rd Reading March 6, 2025
• 2025-04-04 Added as Co-Sponsor Sen. Kimberly A. Lightford
• 2025-04-04 Placed on Calendar Order of 3rd Reading **
• 2025-04-09 Placed on Calendar Order of 3rd Reading
• 2025-04-09 Third Reading - Passed; 056-000-000 passage, reading-3
• 2025-04-09 Arrived in House introduction
• 2025-04-09 Chief House Sponsor Rep. Kimberly Du Buclet
• 2025-04-09 First Reading reading-1
• 2025-04-09 Referred to Rules Committee
• 2025-04-17 Assigned to Financial Institutions and Licensing Committee referral-committee
• 2025-04-29 Do Pass / Short Debate Financial Institutions and Licensing Committee; 011-000-000
• 2025-04-30 Placed on Calendar 2nd Reading - Short Debate reading-2
• 2025-05-13 Second Reading - Short Debate reading-2
• 2025-05-13 Placed on Calendar Order of 3rd Reading - Short Debate
• 2025-05-21 Added Alternate Chief Co-Sponsor Rep. Camille Y. Lilly
• 2025-05-21 Third Reading - Short Debate - Passed 108-000-000 passage, reading-3
• 2025-05-21 Passed Both Houses
• 2025-05-21 Added Alternate Co-Sponsor Rep. Thaddeus Jones
• 2025-06-18 Sent to the Governor executive-receipt
• 2025-08-01 Governor Approved executive-signature
• 2025-08-01 Effective Date January 1, 2026
• 2025-08-01 Public Act . . . . . . . . . 104-0092 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/f2dceded-6d72-4cc4-8a74-8929316edbdc. Confidence: reported (aggregated from official Illinois legislature records).