Fabio
119 lines
6.9 KiB
Markdown
119 lines
6.9 KiB
Markdown
---
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type: "Bill"
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title: "BENEFIT CORPORATION ACT"
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description: "Creates the Benefit Corporation Act. Provides that a corporation may elect to become a benefit corporation by amending its articles of incorporation. Provides that in addition to its purposes under the Business Corporation Act of 1983 and any specific purpose set forth in its articles of incorporation, a benefit corporation shall have a purpose of creating general public benefit. Requires the preparation of an annual report for specified distribution and filing with the Secretary of State. Defines key terms and contains provisions concerning accountability and transparency."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "97th"
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identifier: "SB 2897"
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citation: "Illinois SB 2897 (97th)"
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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: 52
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vote_count: 2
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first_action: "2012-02-01"
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last_action: "2012-08-02"
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source: "openstates"
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source_identifier: "ocd-bill/b9678d61-e9be-4550-b5f9-6d00c0f6daeb"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2897&GAID=11&DocTypeID=SB&LegId=63455&SessionID=84&GA=97"
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source_hash: "8593119c7dffcadd58f365b9e73aa00446c6eb1a026d83239854a1f34e1178ae"
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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 2897 (97th) — BENEFIT CORPORATION ACT
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Creates the Benefit Corporation Act. Provides that a corporation may elect to become a benefit corporation by amending its articles of incorporation. Provides that in addition to its purposes under the Business Corporation Act of 1983 and any specific purpose set forth in its articles of incorporation, a benefit corporation shall have a purpose of creating general public benefit. Requires the preparation of an annual report for specified distribution and filing with the Secretary of State. Defines key terms and contains provisions concerning accountability and transparency.
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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=09700SB2897&GA=97&SessionId=84&DocTypeId=SB&LegID=63455&DocNum=2897&GAID=11&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09700SB2897eng&GA=97&SessionId=84&DocTypeId=SB&LegID=63455&DocNum=2897&GAID=11&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09700SB2897enr&GA=97&SessionId=84&DocTypeId=SB&LegID=63455&DocNum=2897&GAID=11&Session=&print=true)
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## Votes
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- Third Reading — **30–21** (pass) · upper
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- Third Reading — **66–47** (pass) · lower
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## Sponsors
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- André M. Thapedi — cosponsor (person)
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- Greg Harris — cosponsor (person)
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- Jason Barickman — cosponsor (person)
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- Kimberly du Buclet — cosponsor (person)
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- Michael J. Zalewski — cosponsor (person)
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- Michael W. Frerichs — primary (person)
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- Mike Fortner — cosponsor (person)
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- Robyn Gabel — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2012-02-01** Filed with Secretary by Sen. Michael W. Frerichs `filing`
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- **2012-02-01** First Reading `reading-1`
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- **2012-02-01** Referred to Assignments `referral-committee`
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- **2012-02-07** Assigned to Judiciary `referral-committee`
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- **2012-02-08** Added as Co-Sponsor Sen. Heather A. Steans
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- **2012-02-22** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael W. Frerichs `amendment-introduction`
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- **2012-02-22** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
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- **2012-02-22** Senate Committee Amendment No. 1 Assignments Refers to Judiciary
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- **2012-02-23** Postponed - Judiciary
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- **2012-02-23** Senate Committee Amendment No. 1 Postponed - Judiciary
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- **2012-02-27** Added as Chief Co-Sponsor Sen. Michael Noland
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- **2012-02-28** Senate Committee Amendment No. 1 Adopted `amendment-passage`
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- **2012-02-28** Do Pass as Amended Judiciary; 009-002-000 `committee-passage`
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- **2012-02-28** Placed on Calendar Order of 2nd Reading February 29, 2012
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- **2012-03-01** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Michael W. Frerichs `amendment-introduction`
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- **2012-03-01** Senate Floor Amendment No. 2 Referred to Assignments `referral-committee`
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- **2012-03-01** Second Reading `reading-2`
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- **2012-03-01** Placed on Calendar Order of 3rd Reading March 6, 2012
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- **2012-03-06** Senate Floor Amendment No. 2 Assignments Refers to Judiciary
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- **2012-03-27** Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 009-000-000
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- **2012-03-28** Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
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- **2012-03-28** Recalled to Second Reading `reading-2`
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- **2012-03-28** Senate Floor Amendment No. 2 Adopted; Frerichs `amendment-passage`
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- **2012-03-28** Placed on Calendar Order of 3rd Reading
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- **2012-03-28** Verified
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- **2012-03-28** Third Reading - Passed; 030-021-001 `reading-3, passage`
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- **2012-03-28** Arrived in House `introduction`
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- **2012-03-28** Chief House Sponsor Rep. Sara Feigenholtz
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- **2012-03-28** Placed on Calendar Order of First Reading `reading-1`
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- **2012-03-28** First Reading `reading-1`
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- **2012-03-28** Referred to Rules Committee `referral-committee`
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- **2012-03-30** Added Alternate Chief Co-Sponsor Rep. Carol A. Sente
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- **2012-04-16** Assigned to Judiciary I - Civil Law Committee `referral-committee`
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- **2012-04-19** Added Alternate Co-Sponsor Rep. André M. Thapedi
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- **2012-04-25** Do Pass / Short Debate Judiciary I - Civil Law Committee; 009-002-000 `committee-passage`
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- **2012-04-25** Placed on Calendar 2nd Reading - Short Debate
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- **2012-04-25** Added Alternate Co-Sponsor Rep. Michael J. Zalewski
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- **2012-04-25** Added Alternate Chief Co-Sponsor Rep. Sidney H. Mathias
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- **2012-04-30** Added Alternate Co-Sponsor Rep. Jason Barickman
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- **2012-05-02** Second Reading - Short Debate `reading-2`
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- **2012-05-02** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2012-05-09** Added Alternate Co-Sponsor Rep. Greg Harris
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- **2012-05-10** Added Alternate Chief Co-Sponsor Rep. Karen May
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- **2012-05-10** Added Alternate Co-Sponsor Rep. Mike Fortner
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- **2012-05-10** Third Reading - Short Debate - Passed 066-047-000 `reading-3, passage`
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- **2012-05-10** Added Alternate Co-Sponsor Rep. Robyn Gabel
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- **2012-05-10** Added Alternate Co-Sponsor Rep. Kimberly du Buclet
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- **2012-05-10** Passed Both Houses
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- **2012-06-08** Sent to the Governor `executive-receipt`
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- **2012-08-02** Governor Approved `executive-signature`
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- **2012-08-02** Effective Date January 1, 2013
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- **2012-08-02** Public Act . . . . . . . . . 97-0885 `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/b9678d61-e9be-4550-b5f9-6d00c0f6daeb`. Confidence: reported (aggregated from official Illinois legislature records).
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