Bill Status of HB5264

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HB5264 - 104th General Assembly

DCEO-SMALL BUSINESS LOANS
Last Action
2/10/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Elizabeth "Lisa" Hernandez
Statutes Amended In Order of Appearance
20 ILCS 605/605-1119 new
30 ILCS 105/5.1038 new
Synopsis As Introduced
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall establish a loan program to provide low interest loans to small businesses that have been negatively impacted by federal immigration enforcement. Provides that the Department may make those loans from the Federal Immigration Recovery Fund and may administer the program directly through the Fund or enter into agreements with banks, credit unions, nonprofit loan administrations, or community development financial institutions. Amends the State Finance Act to create the Federal Immigration Recovery Fund. Effective immediately.
Actions
Date Chamber Action
2/05/2026 House Filed with the Clerk by Rep. Elizabeth "Lisa" Hernandez
2/10/2026 House First Reading
2/10/2026 House Referred to Rules Committee