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---
type: "Bill"
title: "TREASURER-DEPOSIT OF ST MONEY"
description: "Amends the Deposit of State Moneys Act. Modifies a Section concerning agreements entered into by the State Treasurer with any bank or savings and loan association relating to the deposit of securities. Provides that such agreements may authorize the holding of securities in any bank or a depository trust company in the United States (rather than New York City). Adds to the classes of securities that the State Treasurer may accept as collateral for deposits not insured by an agency of the federal government. Adds to and modifies the investments in which the State Treasurer may invest or reinvest on behalf of the State. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "101st"
identifier: "HB 2238"
citation: "Illinois HB 2238 (101st)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 79
vote_count: 3
first_action: "2019-02-07"
last_action: "2020-06-16"
source: "openstates"
source_identifier: "ocd-bill/37f15e27-d0a8-49e7-be54-14575351d722"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2238&GAID=15&DocTypeID=HB&LegId=118021&SessionID=108&GA=101"
source_hash: "217c67694d815dd76668a58dbd9ab77cd52ccc42d603b7732c1326f264614bf2"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---
# Illinois HB 2238 (101st) — TREASURER-DEPOSIT OF ST MONEY
Amends the Deposit of State Moneys Act. Modifies a Section concerning agreements entered into by the State Treasurer with any bank or savings and loan association relating to the deposit of securities. Provides that such agreements may authorize the holding of securities in any bank or a depository trust company in the United States (rather than New York City). Adds to the classes of securities that the State Treasurer may accept as collateral for deposits not insured by an agency of the federal government. Adds to and modifies the investments in which the State Treasurer may invest or reinvest on behalf of the State. Effective immediately.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100HB2238&GA=101&SessionId=108&DocTypeId=HB&LegID=118021&DocNum=2238&GAID=15&SpecSess=&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100HB2238eng&GA=101&SessionId=108&DocTypeId=HB&LegID=118021&DocNum=2238&GAID=15&SpecSess=&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=10100HB2238enr&GA=101&SessionId=108&DocTypeId=HB&LegID=118021&DocNum=2238&GAID=15&SpecSess=&Session=&print=true)
## Votes
- Third Reading — **1140** (pass) · lower
- Concurrence, Amendment 3 — **7243** (pass) · lower
- Third Reading — **3719** (pass) · upper
## Sponsors
- Ann M. Williams — cosponsor (person)
- Camille Y. Lilly — cosponsor (person)
- Deb Conroy — cosponsor (person)
- Diane Pappas — cosponsor (person)
- Emil Jones, III — cosponsor (person)
- Eva Dina Delgado — cosponsor (person)
- Jaime M. Andrade, Jr. — cosponsor (person)
- Jennifer Gong-Gershowitz — cosponsor (person)
- Jonathan "Yoni" Pizer — cosponsor (person)
- Julie A. Morrison — primary (person)
- Katie Stuart — cosponsor (person)
- Kelly M. Burke — primary (person)
- La Shawn K. Ford — cosponsor (person)
- LaToya Greenwood — cosponsor (person)
- Marcus C. Evans, Jr. — cosponsor (person)
- Mark L. Walker — cosponsor (person)
- Mary Edly-Allen — cosponsor (person)
- Melinda Bush — cosponsor (person)
- Robyn Gabel — cosponsor (person)
- Terra Costa Howard — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2019-02-07** Filed with the Clerk by Rep. Stephanie A. Kifowit `filing`
- **2019-02-07** First Reading `reading-1`
- **2019-02-07** Referred to Rules Committee `referral-committee`
- **2019-02-19** Assigned to State Government Administration Committee `referral-committee`
- **2019-02-21** Added Co-Sponsor Rep. Mike Murphy
- **2019-02-27** Do Pass / Short Debate State Government Administration Committee; 011-000-000 `committee-passage`
- **2019-02-28** Placed on Calendar 2nd Reading - Short Debate
- **2019-03-06** Second Reading - Short Debate `reading-2`
- **2019-03-06** Placed on Calendar Order of 3rd Reading - Short Debate
- **2019-03-20** Third Reading - Short Debate - Passed 114-000-000 `reading-3, passage`
- **2019-03-20** Arrive in Senate `introduction`
- **2019-03-20** Placed on Calendar Order of First Reading `reading-1`
- **2019-03-20** Chief Senate Sponsor Sen. Jacqueline Y. Collins
- **2019-03-20** First Reading `reading-1`
- **2019-03-20** Referred to Assignments `referral-committee`
- **2019-04-24** Assigned to Financial Institutions `referral-committee`
- **2019-05-01** Do Pass Financial Institutions; 008-000-000 `committee-passage`
- **2019-05-01** Placed on Calendar Order of 2nd Reading May 2, 2019
- **2019-05-16** Second Reading `reading-2`
- **2019-05-16** Placed on Calendar Order of 3rd Reading May 17, 2019
- **2019-05-24** Rule 2-10 Third Reading Deadline Established As May 31, 2019 `reading-3`
- **2019-05-29** Alternate Chief Sponsor Changed to Sen. Laura Fine
- **2019-05-29** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Laura Fine `amendment-introduction`
- **2019-05-29** Senate Floor Amendment No. 1 Referred to Assignments `referral-committee`
- **2019-05-31** Rule 3-9(a) / Re-referred to Assignments `referral-committee`
- **2019-11-06** Rule 2-10 Third Reading Deadline Established As November 14, 2019 `reading-3`
- **2019-11-06** Approved for Consideration Assignments
- **2019-11-06** Placed on Calendar Order of 3rd Reading November 12, 2019
- **2019-12-15** Pursuant to Senate Rule 3-9(b) / Referred to Assignments `referral-committee`
- **2020-05-19** Approved for Consideration Assignments
- **2020-05-19** Placed on Calendar Order of 3rd Reading May 20, 2020
- **2020-05-19** Rule 2-10 Third Reading Deadline Established As May 31, 2020 `reading-3`
- **2020-05-20** Legislation Considered in Special Session No. 1
- **2020-05-20** Alternate Chief Sponsor Changed to Sen. Iris Y. Martinez
- **2020-05-20** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Iris Y. Martinez `amendment-introduction`
- **2020-05-20** Senate Floor Amendment No. 2 Referred to Assignments `referral-committee`
- **2020-05-20** Alternate Chief Sponsor Changed to Sen. Julie A. Morrison
- **2020-05-21** Senate Floor Amendment No. 2 Be Approved for Consideration Assignments
- **2020-05-22** Chief Sponsor Changed to Rep. Kelly M. Burke
- **2020-05-22** Senate Floor Amendment No. 3 Filed with Secretary by Sen. Julie A. Morrison `amendment-introduction`
- **2020-05-22** Senate Floor Amendment No. 3 Referred to Assignments `referral-committee`
- **2020-05-22** Senate Floor Amendment No. 3 Be Approved for Consideration Assignments
- **2020-05-22** Recalled to Second Reading `reading-2`
- **2020-05-22** Senate Floor Amendment No. 2 Withdrawn by Sen. Iris Y. Martinez
- **2020-05-22** Senate Floor Amendment No. 3 Adopted `amendment-passage`
- **2020-05-22** Placed on Calendar Order of 3rd Reading
- **2020-05-22** Third Reading - Passed; 037-019-000 `reading-3, passage`
- **2020-05-22** Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
- **2020-05-22** Added as Alternate Chief Co-Sponsor Sen. Melinda Bush
- **2020-05-22** Added as Alternate Co-Sponsor Sen. Emil Jones, III
- **2020-05-22** Arrived in House `introduction`
- **2020-05-22** Placed on Calendar Order of Concurrence Senate Amendment(s) 3
- **2020-05-22** Senate Floor Amendment No. 3 Motion Filed Concur Rep. Kelly M. Burke
- **2020-05-22** Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee `referral-committee`
- **2020-05-22** Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Rules Committee; 003-001-000
- **2020-05-22** Removed Co-Sponsor Rep. Mike Murphy
- **2020-05-22** Senate Floor Amendment No. 3 House Concurs 072-043-000
- **2020-05-22** House Concurs
- **2020-05-22** Passed Both Houses
- **2020-05-22** Added Chief Co-Sponsor Rep. Katie Stuart
- **2020-05-22** Added Chief Co-Sponsor Rep. Deb Conroy
- **2020-05-22** Added Co-Sponsor Rep. Ann M. Williams
- **2020-05-22** Added Co-Sponsor Rep. Diane Pappas
- **2020-05-22** Added Co-Sponsor Rep. Eva Dina Delgado
- **2020-05-22** Added Co-Sponsor Rep. Mary Edly-Allen
- **2020-05-22** Added Co-Sponsor Rep. Robyn Gabel
- **2020-05-22** Added Co-Sponsor Rep. Terra Costa Howard
- **2020-05-22** Added Co-Sponsor Rep. LaToya Greenwood
- **2020-05-22** Added Co-Sponsor Rep. La Shawn K. Ford
- **2020-05-22** Added Co-Sponsor Rep. Jennifer Gong-Gershowitz
- **2020-05-22** Added Co-Sponsor Rep. Marcus C. Evans, Jr.
- **2020-05-22** Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
- **2020-05-22** Added Co-Sponsor Rep. Mark L. Walker
- **2020-05-22** Added Co-Sponsor Rep. Jonathan "Yoni" Pizer
- **2020-05-22** Added Co-Sponsor Rep. Camille Y. Lilly
- **2020-06-08** Sent to the Governor `executive-receipt`
- **2020-06-16** Governor Approved `executive-signature`
- **2020-06-16** Effective Date June 16, 2020
- **2020-06-16** Public Act . . . . . . . . . 101-0641 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/37f15e27-d0a8-49e7-be54-14575351d722`. Confidence: reported (aggregated from official Illinois legislature records).