republic-os/legislation/us/states/il/99th/sb-2420.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	SECURE CHOICE INVEST POLICY	Amends the Illinois Secure Choice Savings Program Act. Provides that the total annual expenses, rather than the annual administrative expenses, shall not exceed 0.75% of the total trust balance. Removes a requirement that the Board prepare a statement of investment policy annually. Provides that the investment policy shall be published on the Board's or State Treasurer's website. Provides that small employers' use of automatic enrollment is subject to federal rules. Makes other changes. Effective immediately.	us/states/il	Illinois General Assembly	99th	SB 2420	Illinois SB 2420 (99th)	bill		enacted		3	34	2	2016-02-09	2016-07-15	openstates	ocd-bill/414aa2e8-00af-445b-a110-510efb0678b2	http://ilga.gov/legislation/BillStatus.asp?DocNum=2420&GAID=13&DocTypeID=SB&LegId=93946&SessionID=88&GA=99	4be7a22ca0445d81e25c7d4da1b9efa33872aa43c98b55adb9625cb1754ce9d5	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-il

Illinois SB 2420 (99th) — SECURE CHOICE INVEST POLICY

Amends the Illinois Secure Choice Savings Program Act. Provides that the total annual expenses, rather than the annual administrative expenses, shall not exceed 0.75% of the total trust balance. Removes a requirement that the Board prepare a statement of investment policy annually. Provides that the investment policy shall be published on the Board's or State Treasurer's website. Provides that small employers' use of automatic enrollment is subject to federal rules. Makes other changes. 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 — 52–0 (pass) · upper
• Third Reading — 113–0 (pass) · lower

Sponsors

• Daniel Biss — primary (person)

Timeline

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

• 2016-02-09 Filed with Secretary by Sen. Daniel Biss filing
• 2016-02-09 First Reading reading-1
• 2016-02-09 Referred to Assignments referral-committee
• 2016-02-17 Assigned to Executive referral-committee
• 2016-03-02 Do Pass Executive; 012-003-000 committee-passage
• 2016-03-02 Placed on Calendar Order of 2nd Reading March 3, 2016
• 2016-03-03 Second Reading reading-2
• 2016-03-03 Placed on Calendar Order of 3rd Reading March 8, 2016
• 2016-04-12 Senate Floor Amendment No. 1 Filed with Secretary by Sen. Daniel Biss amendment-introduction
• 2016-04-12 Senate Floor Amendment No. 1 Referred to Assignments referral-committee
• 2016-04-13 Senate Floor Amendment No. 1 Assignments Refers to Executive
• 2016-04-14 Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 012-000-000
• 2016-04-19 Recalled to Second Reading reading-2
• 2016-04-19 Senate Floor Amendment No. 1 Adopted; Biss amendment-passage
• 2016-04-19 Placed on Calendar Order of 3rd Reading
• 2016-04-19 Third Reading - Passed; 052-000-000 reading-3, passage
• 2016-04-20 Arrived in House introduction
• 2016-04-20 Chief House Sponsor Rep. Barbara Flynn Currie
• 2016-04-20 First Reading reading-1
• 2016-04-20 Referred to Rules Committee referral-committee
• 2016-04-26 Assigned to Revenue & Finance Committee referral-committee
• 2016-04-27 To Income Tax Subcommittee
• 2016-05-05 Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000 committee-passage
• 2016-05-05 Remains in Revenue & Finance Committee
• 2016-05-05 Do Pass / Short Debate Revenue & Finance Committee; 010-000-000 committee-passage
• 2016-05-05 Placed on Calendar 2nd Reading - Short Debate
• 2016-05-10 Second Reading - Short Debate reading-2
• 2016-05-10 Placed on Calendar Order of 3rd Reading - Short Debate
• 2016-05-11 Third Reading - Short Debate - Passed 113-000-000 reading-3, passage
• 2016-05-11 Passed Both Houses
• 2016-06-09 Sent to the Governor executive-receipt
• 2016-07-15 Governor Approved executive-signature
• 2016-07-15 Effective Date July 15, 2016
• 2016-07-15 Public Act . . . . . . . . . 99-0571 became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/414aa2e8-00af-445b-a110-510efb0678b2. Confidence: reported (aggregated from official Illinois legislature records).