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republic-os/legislation/us/states/il/96th/hb-5420.md
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Fabio 5941153bb7 Legislation: batch B — IL IN KS KY LA MA MD ME MI MN 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:27:20 -04:00

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---
type: "Bill"
title: "DCEO-MICROLOAN PROGRAM"
description: "Creates the Microloan Program Act. Authorizes the Director of Commerce and Economic Opportunity to (i) make loans to eligible intermediaries for the purpose of making short-term, fixed rate loans to certain business concerns, (ii) make grants to those intermediaries to provide marketing, management, and technical assistance to small business concerns, and (iii) make grants to non-profit entities for the purpose of providing marketing, management, and technical assistance to low-income individuals under certain circumstances. Specifies criteria that eligible intermediaries must satisfy. Sets forth requirements for loans made to intermediaries; marketing, management, and technical assistance grants to intermediaries; private sector borrowing technical assistance grants; and loans to small business concerns from eligible intermediaries. Requires the Department to file certain reports with the General Assembly. Amends the State Finance Act to create the Business Loan and Investment Fund as a special fund in the State treasury. Authorizes the Department, subject to appropriation, to use the moneys in the Fund to carry out the purposes of the Microloan Program Act."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "96th"
identifier: "HB 5420"
citation: "Illinois HB 5420 (96th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 126
vote_count: 3
first_action: "2010-02-04"
last_action: "2011-01-25"
source: "openstates"
source_identifier: "ocd-bill/c9774ed1-b0e5-460b-a4b4-b127cffa707d"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=5420&GAID=10&DocTypeID=HB&LegId=50456&SessionID=76&GA=96"
source_hash: "7df8dc9ce1a1f2715daa3e748dde89798db9c942fffb18d648bcdf4174468e35"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---
# Illinois HB 5420 (96th) — DCEO-MICROLOAN PROGRAM
Creates the Microloan Program Act. Authorizes the Director of Commerce and Economic Opportunity to (i) make loans to eligible intermediaries for the purpose of making short-term, fixed rate loans to certain business concerns, (ii) make grants to those intermediaries to provide marketing, management, and technical assistance to small business concerns, and (iii) make grants to non-profit entities for the purpose of providing marketing, management, and technical assistance to low-income individuals under certain circumstances. Specifies criteria that eligible intermediaries must satisfy. Sets forth requirements for loans made to intermediaries; marketing, management, and technical assistance grants to intermediaries; private sector borrowing technical assistance grants; and loans to small business concerns from eligible intermediaries. Requires the Department to file certain reports with the General Assembly. Amends the State Finance Act to create the Business Loan and Investment Fund as a special fund in the State treasury. Authorizes the Department, subject to appropriation, to use the moneys in the Fund to carry out the purposes of the Microloan Program Act.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB5420&GA=96&SessionId=76&DocTypeId=HB&LegID=50456&DocNum=5420&GAID=10&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB5420eng&GA=96&SessionId=76&DocTypeId=HB&LegID=50456&DocNum=5420&GAID=10&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB5420enr&GA=96&SessionId=76&DocTypeId=HB&LegID=50456&DocNum=5420&GAID=10&Session=&print=true)
## Votes
- Concurrence — **111–4** (pass) · lower
- Third Reading — **58–0** (pass) · upper
- Third Reading — **67–40** (pass) · lower
## Sponsors
- Barbara Flynn Currie — primary (person)
- Ira I. Silverstein — cosponsor (person)
- Jacqueline Y. Collins — cosponsor (person)
- Kirk W. Dillard — cosponsor (person)
- M. Maggie Crotty — cosponsor (person)
- Mattie Hunter — cosponsor (person)
- Toi W. Hutchinson — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2010-02-04** Filed with the Clerk by Rep. Deborah Mell `filing`
- **2010-02-05** First Reading `reading-1`
- **2010-02-05** Referred to Rules Committee `referral-committee`
- **2010-02-10** Added Chief Co-Sponsor Rep. Eddie Lee Jackson, Sr.
- **2010-02-10** Added Co-Sponsor Rep. Charles E. Jefferson
- **2010-02-10** Added Co-Sponsor Rep. Eddie Washington
- **2010-02-10** Added Co-Sponsor Rep. Michael J. Zalewski
- **2010-02-10** Added Co-Sponsor Rep. Naomi D. Jakobsson
- **2010-02-10** Added Co-Sponsor Rep. Lisa M. Dugan
- **2010-02-11** Added Co-Sponsor Rep. Maria Antonia Berrios
- **2010-02-11** Added Co-Sponsor Rep. Karen May
- **2010-02-11** Added Co-Sponsor Rep. Esther Golar
- **2010-02-11** Added Co-Sponsor Rep. Jehan A. Gordon
- **2010-02-11** Added Co-Sponsor Rep. Michael K. Smith
- **2010-02-11** Added Co-Sponsor Rep. Harry Osterman
- **2010-02-11** Added Co-Sponsor Rep. Lou Lang
- **2010-02-16** Assigned to International Trade & Commerce Committee `referral-committee`
- **2010-02-17** Added Co-Sponsor Rep. Jack McGuire
- **2010-02-17** Added Co-Sponsor Rep. John A. Fritchey
- **2010-03-10** Do Pass / Short Debate International Trade & Commerce Committee; 010-001-000 `committee-passage`
- **2010-03-10** Placed on Calendar 2nd Reading - Short Debate
- **2010-03-25** Second Reading - Short Debate `reading-2`
- **2010-03-25** Placed on Calendar Order of 3rd Reading - Short Debate
- **2010-03-26** Third Reading - Short Debate - Passed 067-040-000 `reading-3, passage`
- **2010-04-06** Arrive in Senate `introduction`
- **2010-04-06** Placed on Calendar Order of First Reading `reading-1`
- **2010-04-06** Chief Senate Sponsor Sen. Jacqueline Y. Collins
- **2010-04-06** Added as Alternate Chief Co-Sponsor Sen. Iris Y. Martinez
- **2010-04-06** First Reading `reading-1`
- **2010-04-06** Referred to Assignments `referral-committee`
- **2010-04-06** Assigned to Financial Institutions `referral-committee`
- **2010-04-13** Alternate Chief Sponsor Changed to Sen. Iris Y. Martinez
- **2010-04-13** Alternate Chief Co-Sponsor Changed to Sen. Jacqueline Y. Collins
- **2010-04-15** Postponed - Financial Institutions
- **2010-04-22** Postponed - Financial Institutions
- **2010-04-23** Rule 2-10 Committee Deadline Established As May 7, 2010
- **2010-04-29** Postponed - Financial Institutions
- **2010-05-07** Rule 3-9(a) / Re-referred to Assignments `referral-committee`
- **2010-11-18** Re-referred to Executive `referral-committee`
- **2010-11-18** Rule 2-10 Committee/3rd Reading Deadline Established As January 11, 2011
- **2010-11-19** Alternate Chief Sponsor Changed to Sen. John J. Cullerton
- **2010-11-29** Senate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton `amendment-introduction`
- **2010-11-29** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
- **2010-11-29** Senate Committee Amendment No. 1 Assignments Refers to Executive
- **2010-11-30** Senate Committee Amendment No. 1 Adopted `amendment-passage`
- **2010-11-30** Do Pass as Amended Executive; 009-001-000 `committee-passage`
- **2010-11-30** Placed on Calendar Order of 2nd Reading December 1, 2010
- **2010-12-02** Second Reading `reading-2`
- **2010-12-02** Placed on Calendar Order of 3rd Reading January 4, 2011
- **2011-01-02** Pursuant to Senate Rule 3-9(b) / Referred to Assignments `referral-committee`
- **2011-01-04** Approved for Consideration Assignments
- **2011-01-04** Placed on Calendar Order of 3rd Reading January 5, 2011
- **2011-01-05** Alternate Chief Sponsor Changed to Sen. Heather Steans
- **2011-01-05** Added as Alternate Chief Co-Sponsor Sen. Dale A. Righter
- **2011-01-05** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Heather Steans; -Righter-Althoff `amendment-introduction`
- **2011-01-05** Senate Floor Amendment No. 2 Referred to Assignments `referral-committee`
- **2011-01-05** Senate Floor Amendment No. 3 Filed with Secretary by Sen. Carole Pankau `amendment-introduction`
- **2011-01-05** Senate Floor Amendment No. 3 Referred to Assignments `referral-committee`
- **2011-01-05** Senate Floor Amendment No. 2 Assignments Refers to Special Committee on Medicaid Reform
- **2011-01-05** Added as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff
- **2011-01-05** Added as Alternate Chief Co-Sponsor Sen. David Koehler
- **2011-01-05** Senate Floor Amendment No. 2 Recommend Do Adopt Special Committee on Medicaid Reform; 006-000-000
- **2011-01-05** Added as Alternate Chief Co-Sponsor Sen. Donne E. Trotter
- **2011-01-05** Sponsor Removed Sen. Jacqueline Y. Collins
- **2011-01-05** Added as Alternate Co-Sponsor Sen. Jacqueline Y. Collins
- **2011-01-05** Added as Alternate Co-Sponsor Sen. Ira I. Silverstein
- **2011-01-05** Added as Alternate Co-Sponsor Sen. Kirk W. Dillard
- **2011-01-05** Added as Alternate Co-Sponsor Sen. M. Maggie Crotty
- **2011-01-05** Added as Alternate Co-Sponsor Sen. Toi W. Hutchinson
- **2011-01-05** Recalled to Second Reading `reading-2`
- **2011-01-05** Senate Floor Amendment No. 2 Adopted; Steans-Righter-Althoff `amendment-passage`
- **2011-01-05** Placed on Calendar Order of 3rd Reading
- **2011-01-05** Third Reading - Passed; 058-000-001 `reading-3, passage`
- **2011-01-05** Senate Floor Amendment No. 3 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
- **2011-01-06** Added as Alternate Co-Sponsor Sen. Mattie Hunter
- **2011-01-06** Arrived in House `introduction`
- **2011-01-06** Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2
- **2011-01-06** Chief Sponsor Changed to Rep. Barbara Flynn Currie
- **2011-01-06** Added Chief Co-Sponsor Rep. Patricia R. Bellock
- **2011-01-06** Added Chief Co-Sponsor Rep. Deborah Mell
- **2011-01-06** Senate Committee Amendment No. 1 Motion Filed Concur Rep. Barbara Flynn Currie
- **2011-01-06** Senate Floor Amendment No. 2 Motion Filed Concur Rep. Barbara Flynn Currie
- **2011-01-06** Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee `referral-committee`
- **2011-01-06** Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee `referral-committee`
- **2011-01-06** Senate Committee Amendment No. 1 Motion to Concur Referred to Special Committee on Medicaid Reform `referral-committee`
- **2011-01-06** Senate Floor Amendment No. 2 Motion to Concur Referred to Special Committee on Medicaid Reform `referral-committee`
- **2011-01-06** Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Special Committee on Medicaid Reform; 012-001-001
- **2011-01-06** Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Special Committee on Medicaid Reform; 012-001-001
- **2011-01-06** Added Co-Sponsor Rep. Jack D. Franks
- **2011-01-06** Added Co-Sponsor Rep. Carol A. Sente
- **2011-01-06** Added Co-Sponsor Rep. Linda Chapa LaVia
- **2011-01-06** Added Co-Sponsor Rep. Keith Farnham
- **2011-01-06** Added Co-Sponsor Rep. Elizabeth Coulson
- **2011-01-06** Added Co-Sponsor Rep. Greg Harris
- **2011-01-06** Added Chief Co-Sponsor Rep. David R. Leitch
- **2011-01-06** Added Co-Sponsor Rep. Michael W. Tryon
- **2011-01-06** Added Co-Sponsor Rep. Sandra M. Pihos
- **2011-01-06** Added Co-Sponsor Rep. Michael G. Connelly
- **2011-01-06** Added Co-Sponsor Rep. Randy Ramey, Jr.
- **2011-01-06** Added Co-Sponsor Rep. Sandy Cole
- **2011-01-06** Added Co-Sponsor Rep. Chapin Rose
- **2011-01-06** Added Co-Sponsor Rep. Dennis M. Reboletti
- **2011-01-06** Added Co-Sponsor Rep. Darlene J. Senger
- **2011-01-06** Added Co-Sponsor Rep. Robert W. Pritchard
- **2011-01-06** Added Co-Sponsor Rep. Kenneth Dunkin
- **2011-01-06** Added Co-Sponsor Rep. LaShawn K. Ford
- **2011-01-06** Removed Co-Sponsor Rep. LaShawn K. Ford
- **2011-01-06** Added Co-Sponsor Rep. Sidney H. Mathias
- **2011-01-06** Added Co-Sponsor Rep. Donald L. Moffitt
- **2011-01-06** Added Co-Sponsor Rep. Cynthia Soto
- **2011-01-06** Added Co-Sponsor Rep. Elizabeth Hernandez
- **2011-01-06** Added Co-Sponsor Rep. Edward J. Acevedo
- **2011-01-06** Added Co-Sponsor Rep. Luis Arroyo
- **2011-01-06** Added Co-Sponsor Rep. Joseph M. Lyons
- **2011-01-06** Added Co-Sponsor Rep. John D'Amico
- **2011-01-06** Added Co-Sponsor Rep. Jim Watson
- **2011-01-06** Senate Committee Amendment No. 1 House Concurs 111-004-002
- **2011-01-06** Senate Floor Amendment No. 2 House Concurs 111-004-002
- **2011-01-06** Passed Both Houses
- **2011-01-06** Added Co-Sponsor Rep. Sara Feigenholtz
- **2011-01-06** Remove Chief Co-Sponsor Rep. Deborah Mell
- **2011-01-06** Added Co-Sponsor Rep. Kay Hatcher
- **2011-01-06** Sent to the Governor `executive-receipt`
- **2011-01-25** Governor Approved `executive-signature`
- **2011-01-25** Effective Date January 25, 2011
- **2011-01-25** Public Act . . . . . . . . . 96-1501 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c9774ed1-b0e5-460b-a4b4-b127cffa707d`. Confidence: reported (aggregated from official Illinois legislature records).
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