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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, 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 INS CD-INSURER INVESTMENTS Amends the Illinois Insurance Code. Provides that subject to the restrictions provided in the Article concerning life and health insurers, an insurer may invest in bonds, notes, warrants, and other securities not in default that are the direct obligations of the government of any foreign country that is a member of the Organisation for Economic Co-operation and Development (OECD) and for which the full faith and credit of such government has been pledged for the payment of principal and interest, provided that (i) the debt of the issuing country has been rated as investment grade for at least 10 years immediately before the time of acquiring the obligations by at least 2 of the major ratings agencies, including Moody's Investors Service, Standard & Poor's Rating Services, Fitch Rating, and the Securities Valuation Office of the National Association of Insurance Commissioners and (ii) the issuing country has not defaulted and has met its payment obligations in a timely manner on all similar obligations for a period of at least 30 years immediately before the time of acquiring the obligations. us/states/il Illinois General Assembly 98th HB 1571 Illinois HB 1571 (98th)
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3 42 2 2013-02-13 2013-07-26 openstates ocd-bill/9bc57af2-ee24-406d-a97a-dc0dd573531e http://ilga.gov/legislation/BillStatus.asp?DocNum=1571&GAID=12&DocTypeID=HB&LegId=72631&SessionID=85&GA=98 59870f804376ae2a2d879365fac98aef41c1ab3e5f8ee5b2bb1d1b4568b253f1 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
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Illinois HB 1571 (98th) — INS CD-INSURER INVESTMENTS

Amends the Illinois Insurance Code. Provides that subject to the restrictions provided in the Article concerning life and health insurers, an insurer may invest in bonds, notes, warrants, and other securities not in default that are the direct obligations of the government of any foreign country that is a member of the Organisation for Economic Co-operation and Development (OECD) and for which the full faith and credit of such government has been pledged for the payment of principal and interest, provided that (i) the debt of the issuing country has been rated as investment grade for at least 10 years immediately before the time of acquiring the obligations by at least 2 of the major ratings agencies, including Moody's Investors Service, Standard & Poor's Rating Services, Fitch Rating, and the Securities Valuation Office of the National Association of Insurance Commissioners and (ii) the issuing country has not defaulted and has met its payment obligations in a timely manner on all similar obligations for a period of at least 30 years immediately before the time of acquiring the obligations.

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. Enrolled (enrolled) — source

Votes

  • Third Reading — 118–0 (pass) · lower
  • Third Reading — 57–0 (pass) · upper

Sponsors

  • Julie A. Morrison — cosponsor (person)
  • Lou Lang — primary (person)

Timeline

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

  • 2013-02-13 Filed with the Clerk by Rep. Lou Lang filing
  • 2013-02-14 First Reading reading-1
  • 2013-02-14 Referred to Rules Committee referral-committee
  • 2013-02-25 Assigned to Insurance Committee referral-committee
  • 2013-03-11 House Committee Amendment No. 1 Filed with Clerk by Rep. Lou Lang amendment-introduction
  • 2013-03-11 House Committee Amendment No. 1 Referred to Rules Committee referral-committee
  • 2013-03-13 House Committee Amendment No. 1 Rules Refers to Insurance Committee
  • 2013-03-19 House Committee Amendment No. 1 Adopted in Insurance Committee; by Voice Vote amendment-passage
  • 2013-03-19 Do Pass as Amended / Short Debate Insurance Committee; 026-000-000 committee-passage
  • 2013-03-20 Placed on Calendar 2nd Reading - Short Debate
  • 2013-04-08 Added Chief Co-Sponsor Rep. Scott Drury
  • 2013-04-10 Second Reading - Short Debate reading-2
  • 2013-04-10 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2013-04-11 House Floor Amendment No. 2 Filed with Clerk by Rep. Lou Lang amendment-introduction
  • 2013-04-11 House Floor Amendment No. 2 Referred to Rules Committee referral-committee
  • 2013-04-15 House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000 committee-passage-favorable
  • 2013-04-16 Recalled to Second Reading - Short Debate reading-2
  • 2013-04-16 House Floor Amendment No. 2 Adopted amendment-passage
  • 2013-04-16 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2013-04-16 Added Chief Co-Sponsor Rep. Jack D. Franks
  • 2013-04-16 Added Chief Co-Sponsor Rep. Laura Fine
  • 2013-04-17 Third Reading - Short Debate - Passed 118-000-000 reading-3, passage
  • 2013-04-17 Added Co-Sponsor Rep. Robyn Gabel
  • 2013-04-17 Added Co-Sponsor Rep. Kelly M. Cassidy
  • 2013-04-17 Added Co-Sponsor Rep. Barbara Flynn Currie
  • 2013-04-17 Arrive in Senate introduction
  • 2013-04-17 Placed on Calendar Order of First Reading April 18, 2013 reading-1
  • 2013-04-19 Chief Senate Sponsor Sen. Ira I. Silverstein
  • 2013-04-19 First Reading reading-1
  • 2013-04-19 Referred to Assignments referral-committee
  • 2013-04-24 Approved for Consideration Assignments
  • 2013-04-24 Placed on Calendar Order of 2nd Reading April 25, 2013
  • 2013-04-30 Added as Alternate Co-Sponsor Sen. Julie A. Morrison
  • 2013-05-02 Added as Alternate Chief Co-Sponsor Sen. Michael W. Frerichs
  • 2013-05-07 Second Reading reading-2
  • 2013-05-07 Placed on Calendar Order of 3rd Reading May 8, 2013
  • 2013-05-21 Third Reading - Passed; 057-000-000 reading-3, passage
  • 2013-05-21 Passed Both Houses
  • 2013-06-19 Sent to the Governor executive-receipt
  • 2013-07-26 Governor Approved executive-signature
  • 2013-07-26 Effective Date January 1, 2014
  • 2013-07-26 Public Act . . . . . . . . . 98-0110 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/9bc57af2-ee24-406d-a97a-dc0dd573531e. Confidence: reported (aggregated from official Illinois legislature records).

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