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HB1700 - 104th General Assembly
FUNDS-COMMUNITY REINVESTMENT
Last Action
House Sponsors
Rep. Kimberly Du Buclet - Sonya M. Harper - Camille Y. Lilly - Jehan Gordon-Booth, Debbie Meyers-Martin, Suzanne M. Ness, William "Will" Davis, Justin Slaughter, Michael Crawford, Lisa Davis, Emanuel "Chris" Welch, Yolonda Morris and Hoan HuynhSenate Sponsors
(Sen. Don Harmon)Statutes Amended In Order of Appearance
15 ILCS 520/16.1from Ch. 130, par. 35.1
Synopsis As Introduced
Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Provides that the State Treasurer or any public agency may consider the current and historical ratings that a financial institution has received under the Illinois Community Reinvestment Act when deciding whether to deposit State or public funds in that financial institution. Provides that, effective January 1, 2026, no State or public funds may be deposited in a financial institution subject to the Illinois Community Reinvestment Act unless either (i) the institution has a current rating of satisfactory or outstanding under the Illinois Community Reinvestment Act or (ii) the Department of Financial and Professional Regulation has not yet completed its initial examination of the institution pursuant to the Illinois Community Reinvestment Act. Makes conforming changes. Effective January 1, 2026.
House Committee Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes. Provides that State and public funds that have been deposited may not be withdrawn from a financial institution prior to the date of maturity solely on the basis of a less than satisfactory rating under the Illinois Community Reinvestment Act. Makes other changes. Effective January 1, 2026.
Senate Committee Amendment No. 1
Deletes reference to:
Adds reference to:
15 ILCS 520/0.01from Ch. 130, par. 19m
Replaces everything after the enacting clause. Amends the Deposit of State Moneys Act. Makes a technical change in a Section concerning the short title.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/24/2025 | House | Filed with the Clerk by Rep. Kimberly Du Buclet |
| 1/28/2025 | House | First Reading |
| 1/28/2025 | House | Referred to Rules Committee |
| 2/18/2025 | House | Assigned to Financial Institutions and Licensing Committee |
| 2/24/2025 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Kimberly Du Buclet |
| 2/24/2025 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2/25/2025 | House | House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee |
| 2/27/2025 | House | Added Co-Sponsor Rep. Debbie Meyers-Martin |
| 2/27/2025 | House | Added Co-Sponsor Rep. Suzanne M. Ness |
| 2/27/2025 | House | Added Chief Co-Sponsor Rep. Sonya M. Harper |
| 2/27/2025 | House | Added Chief Co-Sponsor Rep. Camille Y. Lilly |
| 2/27/2025 | House | Added Co-Sponsor Rep. William "Will" Davis |
| 2/27/2025 | House | Added Co-Sponsor Rep. Justin Slaughter |
| 3/04/2025 | House | Added Co-Sponsor Rep. Michael Crawford |
| 3/04/2025 | House | House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote |
| 3/04/2025 | House | Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 009-002-000 |
| 3/05/2025 | House | Placed on Calendar 2nd Reading - Short Debate |
| 3/06/2025 | House | Added Co-Sponsor Rep. Lisa Davis |
| 3/18/2025 | House | Second Reading - Short Debate |
| 3/18/2025 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 3/18/2025 | House | Added Co-Sponsor Rep. Emanuel "Chris" Welch |
| 4/09/2025 | House | Third Reading - Short Debate - Passed 084-030-001 |
| 4/09/2025 | House | Added Chief Co-Sponsor Rep. Jehan Gordon-Booth |
| 4/09/2025 | House | Added Co-Sponsor Rep. Yolonda Morris |
| 4/09/2025 | Senate | Arrive in Senate |
| 4/09/2025 | Senate | Placed on Calendar Order of First Reading April 10, 2025 |
| 4/09/2025 | House | Added Co-Sponsor Rep. Hoan Huynh |
| 4/23/2025 | Senate | Chief Senate Sponsor Sen. Mattie Hunter |
| 4/23/2025 | Senate | First Reading |
| 4/23/2025 | Senate | Referred to Assignments |
| 5/08/2025 | Senate | Assigned to Executive |
| 5/09/2025 | Senate | Rule 2-10 Committee Deadline Established As May 23, 2025 |
| 5/13/2025 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon |
| 5/13/2025 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 5/13/2025 | Senate | Alternate Chief Sponsor Changed to Sen. Don Harmon |
| 5/14/2025 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Executive |
| 5/14/2025 | Senate | Senate Committee Amendment No. 1 Adopted |
| 5/15/2025 | Senate | Do Pass as Amended Executive; 009-004-000 |
| 5/15/2025 | Senate | Placed on Calendar Order of 2nd Reading |
| 5/15/2025 | Senate | Second Reading |
| 5/15/2025 | Senate | Placed on Calendar Order of 3rd Reading May 20, 2025 |
| 5/23/2025 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As June 1, 2025 |
| 6/02/2025 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 10/14/2025 | Senate | Approved for Consideration Assignments |
| 10/14/2025 | Senate | Placed on Calendar Order of 3rd Reading October 15, 2025 |
| 12/01/2025 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Assignments |