Bill Status of HB4588  103rd General Assembly

Short Description:  INS-RISK RETENTION COMPANIES

House Sponsors
Rep. Ann M. Williams - Jay Hoffman, Jaime M. Andrade, Jr., Brad Stephens and William "Will" Davis

Senate Sponsors
(Sen. Robert F. Martwick)

Last Action
DateChamber Action
  5/21/2024SenatePlaced on Calendar Order of 2nd Reading May 21, 2024

Statutes Amended In Order of Appearance
5 ILCS 80/4.37


Synopsis As Introduced
Amends the Regulatory Sunset Act. Removes a provision repealing the Risk Retention Companies Article of the Illinois Insurance Code on January 1, 2027. Effective immediately.

Senate Committee Amendment No. 1
Adds reference to:
215 ILCS 5/123B-15 new

Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Provides that the Risk Retention Companies Article is repealed on January 1, 2057. Amends the Regulatory Sunset Act to make a conforming change. Effective immediately.

Actions 
DateChamber Action
  1/26/2024HouseFiled with the Clerk by Rep. Ann M. Williams
  1/31/2024HouseFirst Reading
  1/31/2024HouseReferred to Rules Committee
  2/8/2024HouseAdded Chief Co-Sponsor Rep. Jay Hoffman
  2/14/2024HouseAssigned to Insurance Committee
  3/4/2024HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
  3/4/2024HouseAdded Co-Sponsor Rep. Brad Stephens
  3/5/2024HouseAdded Co-Sponsor Rep. William "Will" Davis
  3/5/2024HouseDo Pass / Short Debate Insurance Committee; 010-000-000
  3/6/2024HousePlaced on Calendar 2nd Reading - Short Debate
  4/12/2024HouseSecond Reading - Short Debate
  4/12/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/16/2024HouseThird Reading - Short Debate - Passed 111-000-000
  4/17/2024SenateArrive in Senate
  4/17/2024SenatePlaced on Calendar Order of First Reading
  4/17/2024SenateChief Senate Sponsor Sen. Robert F. Martwick
  4/17/2024SenateFirst Reading
  4/17/2024SenateReferred to Assignments
  5/9/2024SenateAssigned to Judiciary
  5/9/2024SenateRule 2-10 Committee Deadline Established As May 10, 2024
  5/10/2024SenateRule 2-10 Committee Deadline Established As May 17, 2024
  5/14/2024SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
  5/14/2024SenateSenate Committee Amendment No. 1 Referred to Assignments
  5/14/2024SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
  5/17/2024SenateRule 2-10 Committee Deadline Established As May 24, 2024
  5/21/2024SenateSenate Committee Amendment No. 1 Adopted
  5/21/2024SenateDo Pass as Amended Judiciary; 007-000-000
  5/21/2024SenatePlaced on Calendar Order of 2nd Reading May 21, 2024
  5/21/2024SenateRule 2-10 Third Reading/Passage Deadline Established As May 24, 2024