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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-DEPOSIT OF SECURITIES 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 SB 1718 Illinois SB 1718 (98th)
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3 62 4 2013-02-15 2013-08-27 openstates ocd-bill/2adf84a6-7c50-4597-89f8-c43a27a3bdb5 http://ilga.gov/legislation/BillStatus.asp?DocNum=1718&GAID=12&DocTypeID=SB&LegId=72609&SessionID=85&GA=98 976a94adad44dee68deffdc368fd3e6e3a5c9926aaf6f51c6b472cf430815be8 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
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Illinois SB 1718 (98th) — INS CD-DEPOSIT OF SECURITIES

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

  • Concurrence — 57–0 (pass) · upper
  • Third Reading — 74–36 (pass) · lower
  • Concurrence — 57–0 (pass) · upper
  • Third Reading — 53–0 (pass) · upper

Sponsors

  • Ira I. Silverstein — primary (person)

Timeline

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

  • 2013-02-15 Filed with Secretary by Sen. Ira I. Silverstein filing
  • 2013-02-15 First Reading reading-1
  • 2013-02-15 Referred to Assignments referral-committee
  • 2013-02-27 Assigned to Insurance referral-committee
  • 2013-03-12 Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein amendment-introduction
  • 2013-03-12 Senate Committee Amendment No. 1 Referred to Assignments referral-committee
  • 2013-03-13 Senate Committee Amendment No. 1 Assignments Refers to Insurance
  • 2013-03-13 Postponed - Insurance
  • 2013-03-20 Senate Committee Amendment No. 1 Adopted amendment-passage
  • 2013-03-20 Do Pass as Amended Insurance; 008-000-000 committee-passage
  • 2013-03-20 Placed on Calendar Order of 2nd Reading March 21, 2013
  • 2013-03-21 Added as Chief Co-Sponsor Sen. Michael W. Frerichs
  • 2013-03-21 Added as Co-Sponsor Sen. William E. Brady
  • 2013-04-10 Senate Floor Amendment No. 2 Filed with Secretary by Sen. Ira I. Silverstein amendment-introduction
  • 2013-04-10 Senate Floor Amendment No. 2 Referred to Assignments referral-committee
  • 2013-04-10 Second Reading reading-2
  • 2013-04-10 Placed on Calendar Order of 3rd Reading April 11, 2013
  • 2013-04-17 Senate Floor Amendment No. 2 Assignments Refers to Insurance
  • 2013-04-17 Senate Floor Amendment No. 2 Recommend Do Adopt Insurance; 008-000-000
  • 2013-04-18 Recalled to Second Reading reading-2
  • 2013-04-18 Senate Floor Amendment No. 2 Adopted; Silverstein amendment-passage
  • 2013-04-18 Placed on Calendar Order of 3rd Reading April 23, 2013
  • 2013-04-23 Third Reading - Passed; 053-000-000 reading-3, passage
  • 2013-04-24 Arrived in House introduction
  • 2013-04-24 Chief House Sponsor Rep. Lou Lang
  • 2013-04-29 First Reading reading-1
  • 2013-04-29 Referred to Rules Committee referral-committee
  • 2013-05-09 Assigned to Executive Committee referral-committee
  • 2013-05-09 House Committee Amendment No. 1 Filed with Clerk by Rep. Sara Feigenholtz amendment-introduction
  • 2013-05-09 House Committee Amendment No. 1 Referred to Rules Committee referral-committee
  • 2013-05-09 Alternate Chief Sponsor Changed to Rep. Sara Feigenholtz
  • 2013-05-10 House Committee Amendment No. 1 Rules Refers to Executive Committee
  • 2013-05-10 Final Action Deadline Extended-9(b) May 24, 2013
  • 2013-05-10 House Committee Amendment No. 2 Filed with Clerk by Rep. Sara Feigenholtz amendment-introduction
  • 2013-05-10 House Committee Amendment No. 2 Referred to Rules Committee referral-committee
  • 2013-05-13 House Committee Amendment No. 2 Rules Refers to Executive Committee
  • 2013-05-15 House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote amendment-passage
  • 2013-05-15 House Committee Amendment No. 2 Adopted in Executive Committee; by Voice Vote amendment-passage
  • 2013-05-15 Do Pass as Amended / Short Debate Executive Committee; 011-000-000 committee-passage
  • 2013-05-15 Placed on Calendar 2nd Reading - Short Debate
  • 2013-05-17 Second Reading - Short Debate reading-2
  • 2013-05-17 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2013-05-23 Added Alternate Chief Co-Sponsor Rep. Dennis M. Reboletti
  • 2013-05-24 Final Action Deadline Extended-9(b) May 31, 2013
  • 2013-05-26 Third Reading - Short Debate - Passed 074-036-000 reading-3, passage
  • 2013-05-27 Secretary's Desk - Concurrence House Amendment(s) 1, 2
  • 2013-05-27 Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 28, 2013
  • 2013-05-27 House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Ira I. Silverstein filing
  • 2013-05-27 House Committee Amendment No. 1 Motion to Concur Referred to Assignments referral-committee
  • 2013-05-27 House Committee Amendment No. 2 Motion to Concur Filed with Secretary Sen. Ira I. Silverstein filing
  • 2013-05-27 House Committee Amendment No. 2 Motion to Concur Referred to Assignments referral-committee
  • 2013-05-28 House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive referral-committee
  • 2013-05-28 House Committee Amendment No. 2 Motion to Concur Assignments Referred to Executive referral-committee
  • 2013-05-29 House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 015-000-000
  • 2013-05-29 House Committee Amendment No. 2 Motion To Concur Recommended Do Adopt Executive; 015-000-000
  • 2013-05-30 House Committee Amendment No. 1 Senate Concurs 057-000-000
  • 2013-05-30 House Committee Amendment No. 2 Senate Concurs 057-000-000
  • 2013-05-30 Passed Both Houses
  • 2013-06-28 Sent to the Governor executive-receipt
  • 2013-08-27 Governor Approved executive-signature
  • 2013-08-27 Effective Date August 27, 2013
  • 2013-08-27 Public Act . . . . . . . . . 98-0571 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/2adf84a6-7c50-4597-89f8-c43a27a3bdb5. Confidence: reported (aggregated from official Illinois legislature records).

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