republic-os/legislation/us/states/il/98th/hb-2969.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	SECURITIES SUIT TIME LIMIT	Amends language in the Illinois Securities Law of 1953 providing that the 3-year period for seeking specified relief under the Act begins to run on the earlier of the date the party bringing the action has actual knowledge of the alleged violation or the date the party bringing the action has notice of facts which in the exercise of reasonable diligence would lead to actual knowledge of the alleged violation. Deletes language providing that the period of limitation may not be extended more than 2 years beyond the expiration of the 3-year period. Effective immediately.	us/states/il	Illinois General Assembly	98th	HB 2969	Illinois HB 2969 (98th)	bill		enacted		3	30	2	2013-02-26	2013-08-05	openstates	ocd-bill/a2ae1e92-2d78-4717-8a6d-93dde845c0a6	http://ilga.gov/legislation/BillStatus.asp?DocNum=2969&GAID=12&DocTypeID=HB&LegId=74819&SessionID=85&GA=98	1f70ada86d5ecd71b6f48ee601d3259775a53ac1047db6e718f392b6efec14d3	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois HB 2969 (98th) — SECURITIES SUIT TIME LIMIT

Amends language in the Illinois Securities Law of 1953 providing that the 3-year period for seeking specified relief under the Act begins to run on the earlier of the date the party bringing the action has actual knowledge of the alleged violation or the date the party bringing the action has notice of facts which in the exercise of reasonable diligence would lead to actual knowledge of the alleged violation. Deletes language providing that the period of limitation may not be extended more than 2 years beyond the expiration of the 3-year period. Effective immediately.

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 — 51–7 (pass) · upper
• Third Reading — 93–21 (pass) · lower

Sponsors

• Ira I. Silverstein — cosponsor (person)
• Mike Smiddy — primary (person)

Timeline

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

• 2013-02-26 Filed with the Clerk by Rep. Mike Smiddy filing
• 2013-02-26 First Reading reading-1
• 2013-02-26 Referred to Rules Committee referral-committee
• 2013-03-04 Assigned to State Government Administration Committee referral-committee
• 2013-03-13 Do Pass / Short Debate State Government Administration Committee; 018-002-000 committee-passage
• 2013-03-14 Placed on Calendar 2nd Reading - Short Debate
• 2013-03-15 Second Reading - Short Debate reading-2
• 2013-03-15 Placed on Calendar Order of 3rd Reading - Short Debate
• 2013-04-03 Added Co-Sponsor Rep. Emanuel Chris Welch
• 2013-04-15 Third Reading - Short Debate - Passed 093-021-001 reading-3, passage
• 2013-04-15 Added Chief Co-Sponsor Rep. Jack D. Franks
• 2013-04-15 Added Chief Co-Sponsor Rep. Keith Farnham
• 2013-04-15 Added Chief Co-Sponsor Rep. Carol A. Sente
• 2013-04-16 Arrive in Senate introduction
• 2013-04-16 Placed on Calendar Order of First Reading April 17, 2013 reading-1
• 2013-04-30 Chief Senate Sponsor Sen. Steve Stadelman
• 2013-04-30 Added as Alternate Co-Sponsor Sen. Ira I. Silverstein
• 2013-05-01 First Reading reading-1
• 2013-05-01 Referred to Assignments referral-committee
• 2013-05-01 Assigned to Judiciary referral-committee
• 2013-05-08 Do Pass Judiciary; 012-000-000 committee-passage
• 2013-05-08 Placed on Calendar Order of 2nd Reading May 9, 2013
• 2013-05-21 Second Reading reading-2
• 2013-05-21 Placed on Calendar Order of 3rd Reading May 22, 2013
• 2013-05-22 Third Reading - Passed; 051-007-000 reading-3, passage
• 2013-05-22 Passed Both Houses
• 2013-06-19 Sent to the Governor executive-receipt
• 2013-08-05 Governor Approved executive-signature
• 2013-08-05 Effective Date August 5, 2013
• 2013-08-05 Public Act . . . . . . . . . 98-0174 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/a2ae1e92-2d78-4717-8a6d-93dde845c0a6. Confidence: reported (aggregated from official Illinois legislature records).