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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
Bill STRUCTURED SETTLEMENT TRANSFER Amends the Structured Settlement Protection Act. Provides that the structured settlement obligor and the annuity issuer shall be discharged from any and all liability by complying with a court order approving a transfer of structured settlement payment rights, and shall not have or incur any liability to the payee, transferee, or assignee as a result of the failure of the court order, transfer agreement, disclosure statement, or the transfer proceeding to comply with the Act, another applicable State or federal statute relating to structured settlement transfers, or any other law. Provides that an application for approval of a structured settlement transfer shall be brought in the circuit court of the county in which the payee is domiciled at the time the transfer agreement was signed or, if the payee is not domiciled in this State or in any other state that has enacted a statute that requires court approval of a transfer of structured settlement payment rights, then the application may be brought in the county in which the structured settlement obligor or annuity issuer is domiciled or has its principal place of business in this State. Provides what information is necessary to make an application to the court under the Act. Provides that a court may review all applications for transfer filed, and may approve or deny a transfer despite the existence of terms in the underlying settlement agreement, qualified assignment, related annuity, or in any other relevant document that purports to restrict or preclude the payee's right or power to assign or transfer structured settlement payment rights. Makes other changes. us/states/il Illinois General Assembly 99th SB 1268 Illinois SB 1268 (99th)
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3 39 2 2015-02-17 2015-08-05 openstates ocd-bill/c14b3cbd-2e00-4c7d-8477-2374c38e4780 http://ilga.gov/legislation/BillStatus.asp?DocNum=1268&GAID=13&DocTypeID=SB&LegId=87739&SessionID=88&GA=99 6c530387aa64a3763a616cd62d7e245998262842b71a8891af64519e29e5a0f2 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
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Illinois SB 1268 (99th) — STRUCTURED SETTLEMENT TRANSFER

Amends the Structured Settlement Protection Act. Provides that the structured settlement obligor and the annuity issuer shall be discharged from any and all liability by complying with a court order approving a transfer of structured settlement payment rights, and shall not have or incur any liability to the payee, transferee, or assignee as a result of the failure of the court order, transfer agreement, disclosure statement, or the transfer proceeding to comply with the Act, another applicable State or federal statute relating to structured settlement transfers, or any other law. Provides that an application for approval of a structured settlement transfer shall be brought in the circuit court of the county in which the payee is domiciled at the time the transfer agreement was signed or, if the payee is not domiciled in this State or in any other state that has enacted a statute that requires court approval of a transfer of structured settlement payment rights, then the application may be brought in the county in which the structured settlement obligor or annuity issuer is domiciled or has its principal place of business in this State. Provides what information is necessary to make an application to the court under the Act. Provides that a court may review all applications for transfer filed, and may approve or deny a transfer despite the existence of terms in the underlying settlement agreement, qualified assignment, related annuity, or in any other relevant document that purports to restrict or preclude the payee's right or power to assign or transfer structured settlement payment rights. Makes other changes.

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 — 57–0 (pass) · upper
  • Third Reading — 115–0 (pass) · lower

Sponsors

  • André Thapedi — cosponsor (person)
  • William R. Haine — primary (person)

Timeline

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

  • 2015-02-17 Filed with Secretary by Sen. William R. Haine filing
  • 2015-02-17 First Reading reading-1
  • 2015-02-17 Referred to Assignments referral-committee
  • 2015-03-03 Assigned to Judiciary referral-committee
  • 2015-03-18 Postponed - Judiciary
  • 2015-03-20 Senate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine amendment-introduction
  • 2015-03-20 Senate Committee Amendment No. 1 Referred to Assignments referral-committee
  • 2015-03-24 Senate Committee Amendment No. 1 Assignments Refers to Judiciary
  • 2015-03-24 Senate Committee Amendment No. 1 Adopted amendment-passage
  • 2015-03-24 Do Pass as Amended Judiciary; 012-000-000 committee-passage
  • 2015-03-24 Placed on Calendar Order of 2nd Reading March 25, 2015
  • 2015-03-25 Second Reading reading-2
  • 2015-03-25 Placed on Calendar Order of 3rd Reading March 26, 2015
  • 2015-04-14 Senate Floor Amendment No. 2 Filed with Secretary by Sen. William R. Haine amendment-introduction
  • 2015-04-14 Senate Floor Amendment No. 2 Referred to Assignments referral-committee
  • 2015-04-21 Senate Floor Amendment No. 2 Assignments Refers to Judiciary
  • 2015-04-22 Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 011-000-000
  • 2015-04-22 Recalled to Second Reading reading-2
  • 2015-04-22 Senate Floor Amendment No. 2 Adopted; Haine amendment-passage
  • 2015-04-22 Placed on Calendar Order of 3rd Reading
  • 2015-04-22 Third Reading - Passed; 057-000-000 reading-3, passage
  • 2015-04-23 Arrived in House introduction
  • 2015-04-23 Chief House Sponsor Rep. Michael J. Zalewski
  • 2015-04-23 First Reading reading-1
  • 2015-04-23 Referred to Rules Committee referral-committee
  • 2015-05-04 Assigned to Judiciary - Civil Committee referral-committee
  • 2015-05-08 Added Alternate Chief Co-Sponsor Rep. Peter Breen
  • 2015-05-08 Committee Deadline Extended-Rule 9(b) May 15, 2015
  • 2015-05-13 Added Alternate Co-Sponsor Rep. André Thapedi
  • 2015-05-13 Do Pass / Short Debate Judiciary - Civil Committee; 011-000-000 committee-passage
  • 2015-05-13 Placed on Calendar 2nd Reading - Short Debate
  • 2015-05-19 Second Reading - Short Debate reading-2
  • 2015-05-19 Placed on Calendar Order of 3rd Reading - Short Debate
  • 2015-05-20 Third Reading - Short Debate - Passed 115-000-000 reading-3, passage
  • 2015-05-20 Passed Both Houses
  • 2015-06-18 Sent to the Governor executive-receipt
  • 2015-08-05 Governor Approved executive-signature
  • 2015-08-05 Effective Date August 5, 2015
  • 2015-08-05 Public Act . . . . . . . . . 99-0286 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/c14b3cbd-2e00-4c7d-8477-2374c38e4780. Confidence: reported (aggregated from official Illinois legislature records).

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