Fabio
115 lines
7.3 KiB
Markdown
115 lines
7.3 KiB
Markdown
---
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type: "Bill"
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title: "DCEO-RESERVIST BUSINESS LOAN"
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description: "Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Creates the Military Reservist Business Assistance Loan Program to make loans to small businesses (i) that lose an owner, a manager, or a key employee due to a period of military conflict and (ii) that will experience economic injury as a result of the loss of that owner, manager, or key employee. Authorizes the Department to accept grants, loans, or appropriations and associated contracts and agreements for purposes similar to this program. Limits the total amount of any loan awarded under the program to $150,000. Requires the Department to adopt rules concerning the administration of the program and to create a competitive application procedure. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "94th"
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identifier: "SB 323"
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citation: "Illinois SB 323 (94th)"
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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: 49
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vote_count: 2
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first_action: "2005-02-15"
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last_action: "2005-08-08"
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source: "openstates"
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source_identifier: "ocd-bill/9a9d38f3-6438-4f2f-b9ed-3da2a06bd6a1"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=323&GAID=8&DocTypeID=SB&LegId=15769&SessionID=50&GA=94"
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source_hash: "713218df9661a357e31e3b1bec92ef6abc67d733f27cad899dba6dedd752fd48"
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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 323 (94th) — DCEO-RESERVIST BUSINESS LOAN
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Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Creates the Military Reservist Business Assistance Loan Program to make loans to small businesses (i) that lose an owner, a manager, or a key employee due to a period of military conflict and (ii) that will experience economic injury as a result of the loss of that owner, manager, or key employee. Authorizes the Department to accept grants, loans, or appropriations and associated contracts and agreements for purposes similar to this program. Limits the total amount of any loan awarded under the program to $150,000. Requires the Department to adopt rules concerning the administration of the program and to create a competitive application procedure. 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=09400SB0323&GA=94&SessionId=50&DocTypeId=SB&LegID=15769&DocNum=323&GAID=8&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0323eng&GA=94&SessionId=50&DocTypeId=SB&LegID=15769&DocNum=323&GAID=8&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0323enr&GA=94&SessionId=50&DocTypeId=SB&LegID=15769&DocNum=323&GAID=8&Session=&print=true)
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## Votes
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- Third Reading — **56–0** (pass) · upper
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- Third Reading — **105–0** (pass) · lower
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## Sponsors
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- Arthur J. Wilhelmi — primary (person)
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- Daniel V. Beiser — cosponsor (person)
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- Jack D. Franks — cosponsor (person)
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- John E. Bradley — cosponsor (person)
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- Kathleen A. Ryg — cosponsor (person)
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- Robert F. Flider — cosponsor (person)
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- Wyvetter H. Younge — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2005-02-15** Filed with Secretary by Sen. Arthur J. Wilhelmi `filing`
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- **2005-02-15** First Reading `reading-1`
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- **2005-02-15** Referred to Rules `referral-committee`
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- **2005-02-17** Assigned to Commerce & Economic Development `referral-committee`
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- **2005-02-24** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Arthur J. Wilhelmi `amendment-introduction`
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- **2005-02-24** Senate Committee Amendment No. 1 Referred to Rules `referral-committee`
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- **2005-03-01** Senate Committee Amendment No. 1 Rules Refers to Commerce & Economic Development
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- **2005-03-03** Postponed - Commerce & Economic Development
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- **2005-03-09** Postponed - Commerce & Economic Development
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- **2005-03-17** Senate Committee Amendment No. 1 Adopted `amendment-passage`
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- **2005-03-17** Do Pass as Amended Commerce & Economic Development; 010-000-000 `committee-passage`
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- **2005-03-17** Placed on Calendar Order of 2nd Reading April 6, 2005
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- **2005-04-06** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Arthur J. Wilhelmi `amendment-introduction`
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- **2005-04-06** Senate Floor Amendment No. 2 Referred to Rules `referral-committee`
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- **2005-04-07** Senate Floor Amendment No. 2 Rules Refers to Commerce & Economic Development
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- **2005-04-08** Senate Floor Amendment No. 2 Recommend Do Adopt Commerce & Economic Development; 006-000-000
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- **2005-04-08** Added as Co-Sponsor Sen. Martin A. Sandoval
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- **2005-04-11** Second Reading `reading-2`
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- **2005-04-11** Senate Floor Amendment No. 2 Adopted; Wilhelmi `amendment-passage`
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- **2005-04-11** Placed on Calendar Order of 3rd Reading April 12, 2005
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- **2005-04-12** Added as Co-Sponsor Sen. Gary G. Dahl
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- **2005-04-14** Added as Co-Sponsor Sen. Mike Jacobs
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- **2005-04-14** Third Reading - Passed; 056-000-000 `reading-3, passage`
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- **2005-04-14** Arrived in House `introduction`
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- **2005-04-14** Placed on Calendar Order of First Reading `reading-1`
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- **2005-04-14** Chief House Sponsor Rep. Naomi D. Jakobsson
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- **2005-04-14** First Reading `reading-1`
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- **2005-04-14** Referred to Rules Committee `referral-committee`
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- **2005-04-27** Assigned to International Trade & Commerce Committee `referral-committee`
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- **2005-05-04** Do Pass / Short Debate International Trade & Commerce Committee; 015-000-000 `committee-passage`
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- **2005-05-05** Placed on Calendar 2nd Reading - Short Debate
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- **2005-05-10** Second Reading - Short Debate `reading-2`
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- **2005-05-10** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2005-05-17** Added Alternate Chief Co-Sponsor Rep. Linda Chapa LaVia
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- **2005-05-17** Third Reading - Short Debate - Passed 105-000-011 `reading-3, passage`
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- **2005-05-17** Passed Both Houses
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- **2005-05-17** Added Alternate Chief Co-Sponsor Rep. Mike Boland
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- **2005-05-17** Added Alternate Chief Co-Sponsor Rep. Jack McGuire
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- **2005-05-17** Added Alternate Chief Co-Sponsor Rep. Patrick J Verschoore
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- **2005-05-17** Added Alternate Co-Sponsor Rep. Kathleen A. Ryg
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- **2005-05-17** Added Alternate Co-Sponsor Rep. Jack D. Franks
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- **2005-05-18** Added Alternate Co-Sponsor Rep. John E. Bradley
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- **2005-05-18** Added Alternate Co-Sponsor Rep. Robert F. Flider
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- **2005-05-18** Added Alternate Co-Sponsor Rep. Daniel V. Beiser
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- **2005-05-18** Added Alternate Co-Sponsor Rep. Wyvetter H. Younge
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- **2005-06-15** Sent to the Governor `executive-receipt`
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- **2005-08-08** Governor Approved `executive-signature`
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- **2005-08-08** Effective Date August 8, 2005
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- **2005-08-08** Public Act . . . . . . . . . 94-0485 `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/9a9d38f3-6438-4f2f-b9ed-3da2a06bd6a1`. Confidence: reported (aggregated from official Illinois legislature records).
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