Fabio
110 lines
6.3 KiB
Markdown
110 lines
6.3 KiB
Markdown
---
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type: "Bill"
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title: "CORPORATE ACCOUNTABILITY"
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description: "Amends the Deposit of State Moneys Act, the Public Funds Investment Act, and the Illinois Pension Code to prohibit investment in corporations formerly incorporated in the United States that have incorporated in a foreign country to avoid taxes. Amends the Criminal Code of 1961 to establish penalties for misconduct by a corporate official and fraud in insolvency and to create the Corporate Crime Fund, a special fund in the State treasury, to be used to provide restitution to victims of commercial bribery. Increases the penalties for commercial bribery."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "93rd"
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identifier: "HB 3053"
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citation: "Illinois HB 3053 (93rd)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 43
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vote_count: 4
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first_action: "2003-02-26"
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last_action: "2003-08-08"
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source: "openstates"
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source_identifier: "ocd-bill/776738e8-58bb-4bef-bfb9-8f37ffa9ea13"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=3053&GAID=3&DocTypeID=HB&LegId=5627&SessionID=3&GA=93"
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source_hash: "8957fcbdeb0ced5049fc3718a5be9fa7bad8c6f45f3edc768a0d7d12a3710273"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois HB 3053 (93rd) — CORPORATE ACCOUNTABILITY
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Amends the Deposit of State Moneys Act, the Public Funds Investment Act, and the Illinois Pension Code to prohibit investment in corporations formerly incorporated in the United States that have incorporated in a foreign country to avoid taxes. Amends the Criminal Code of 1961 to establish penalties for misconduct by a corporate official and fraud in insolvency and to create the Corporate Crime Fund, a special fund in the State treasury, to be used to provide restitution to victims of commercial bribery. Increases the penalties for commercial bribery.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB3053&GA=93&SessionId=3&DocTypeId=HB&LegID=5627&DocNum=3053&GAID=3&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB3053eng&GA=93&SessionId=3&DocTypeId=HB&LegID=5627&DocNum=3053&GAID=3&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09300HB3053enr&GA=93&SessionId=3&DocTypeId=HB&LegID=5627&DocNum=3053&GAID=3&Session=&print=true)
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## Votes
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- Third Reading — **110–0** (pass) · lower
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- Third Reading — **113–0** (pass) · lower
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- Third Reading — **112–1** (fail) · lower
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- Third Reading — **56–0** (pass) · upper
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## Sponsors
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- Dale E. Risinger — cosponsor (person)
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- Larry K. Bomke — cosponsor (person)
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- Mattie Hunter — cosponsor (person)
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- Pamela J. Althoff — cosponsor (person)
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- Richard J. Winkel, Jr. — cosponsor (person)
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- Robert S. Molaro — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2003-02-26** Filed with the Clerk by Rep. Robert S. Molaro `filing`
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- **2003-02-26** First Reading `reading-1`
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- **2003-02-26** Referred to Rules Committee `referral-committee`
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- **2003-02-27** Assigned to Commerce and Business Development Committee `referral-committee`
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- **2003-03-11** Pension Note Filed
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- **2003-03-13** House Committee Amendment No. 1 Filed with Clerk by Commerce and Business Development Committee `amendment-introduction`
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- **2003-03-13** House Committee Amendment No. 1 Adopted in Commerce and Business Development Committee; by Voice Vote `amendment-passage`
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- **2003-03-13** Do Pass as Amended / Short Debate Commerce and Business Development Committee; 018-000-000 `committee-passage`
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- **2003-03-13** Placed on Calendar 2nd Reading - Short Debate
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- **2003-03-18** Second Reading - Short Debate `reading-2`
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- **2003-03-18** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2003-03-19** Added Chief Co-Sponsor Rep. Kevin Joyce
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- **2003-03-19** Added Chief Co-Sponsor Rep. Jack D. Franks
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- **2003-03-19** Added Chief Co-Sponsor Rep. Mike Boland
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- **2003-03-19** Added Chief Co-Sponsor Rep. John A. Fritchey
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- **2003-03-19** Added Co-Sponsor Rep. Elaine Nekritz
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- **2003-03-19** Added Co-Sponsor Rep. Eileen Lyons
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- **2003-03-19** Added Co-Sponsor Rep. Larry McKeon
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- **2003-03-19** Third Reading - Short Debate - Passed 110-000-003 `reading-3, passage`
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- **2003-03-19** Motion to Reconsider Vote - Prevails 112-001-000
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- **2003-03-19** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2003-03-19** Third Reading - Short Debate - Passed 113-000-000 `reading-3, passage`
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- **2003-03-20** Arrive in Senate `introduction`
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- **2003-03-20** Placed on Calendar Order of First Reading March 21, 2003 `reading-1`
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- **2003-03-24** Chief Senate Sponsor Sen. Patrick Welch
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- **2003-03-26** First Reading `reading-1`
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- **2003-03-26** Referred to Rules `referral-committee`
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- **2003-04-03** Assigned to Judiciary `referral-committee`
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- **2003-04-16** Do Pass Judiciary; 010-000-000 `committee-passage`
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- **2003-04-16** Placed on Calendar Order of 2nd Reading April 29, 2003
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- **2003-04-30** Second Reading `reading-2`
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- **2003-04-30** Placed on Calendar Order of 3rd Reading May 1, 2003
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- **2003-05-01** Added as Alternate Co-Sponsor Sen. Larry K. Bomke
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- **2003-05-05** Added as Alternate Co-Sponsor Sen. Pamela J. Althoff
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- **2003-05-06** Added as Alternate Co-Sponsor Sen. Richard J. Winkel, Jr.
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- **2003-05-06** Added as Alternate Co-Sponsor Sen. Dale E. Risinger
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- **2003-05-15** Added as Alternate Co-Sponsor Sen. Mattie Hunter
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- **2003-05-15** Third Reading - Passed; 056-000-000 `reading-3, passage`
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- **2003-05-15** Passed Both Houses
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- **2003-06-13** Sent to the Governor `executive-receipt`
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- **2003-08-08** Governor Approved `executive-signature`
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- **2003-08-08** Effective Date January 1, 2004
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- **2003-08-08** Public Act . . . . . . . . . 93-0496 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/776738e8-58bb-4bef-bfb9-8f37ffa9ea13`. Confidence: reported (aggregated from official Illinois legislature records).
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