HB4728 - 104th General Assembly (2025-2026)

DD FACILITY-ASSET MGMT COMPANY
Last Action
4/28/2026 - Senate: Assigned to Executive
Statutes Amended In Order of Appearance
20 ILCS 105/3.14 new  
20 ILCS 105/4.02i new  
20 ILCS 1705/2  from Ch. 91 1/2, par. 100-2
20 ILCS 1705/15.2a new  
20 ILCS 1705/68a new  
210 ILCS 35/3  from Ch. 111 1/2, par. 4183
210 ILCS 35/19 new  
210 ILCS 46/3-103a new  
210 ILCS 47/3-103a new  
210 ILCS 135/3  from Ch. 91 1/2, par. 1703
210 ILCS 135/9a new  
225 ILCS 10/2.41 new  
225 ILCS 10/7.6a new  
815 ILCS 505/2Z  from Ch. 121 1/2, par. 262Z
Synopsis As Introduced
Amends the Community Living Facilities Licensing Act, the MC/DD Act, the ID/DD Community Care Act, the Community-Integrated Living Arrangements Licensure and Certification Act, and the Child Care Act of 1969. Requires the State agencies responsible for licensing facilities under those Acts to adopt, by December 31, 2026, rules requiring a facility to disclose upon initial application for licensure and on a quarterly basis thereafter, whether the facility, its subsidiaries, affiliates, parent companies, or contractual service providers are owned, managed, or contained within a fund owned or managed by an asset management company; and if so, to make certain disclosures about the asset management company's assets, the facility's debt, and other matters. Requires the State agencies to also adopt rules requiring such a facility to provide written notice of transactions and copies of agreements which would (i) sell or otherwise dispose of a material amount of the facility's assets or (ii) transfer control, responsibility, or governance of a material amount of the facility's assets or operations. Prohibits facilities owned or managed by an asset management company from engaging in certain transactions or actions that would result in the facility issuing debt-funded dividends or perform any other similar action causing the facility to become financially distressed. Provides that a violation of these requirements and prohibitions constitutes an unlawful practice within the meaning of the Consumer Fraud and Deceptive Business Practices Act. Requires the State agencies to publish disclosures, written notices, and copies of agreements submitted by facilities on the agencies' public websites. Imposes similar requirements and prohibitions on adult day service providers serving individuals with developmental disabilities under the Illinois Act on the Aging and providers of adult developmental training services under the Mental Health and Developmental Disabilities Administrative Act. Effective immediately.

House Floor Amendment No. 1
Deletes reference to:
20 ILCS 105/3.14 new  
20 ILCS 105/4.02i new  
815 ILCS 505/2Z  
Replaces everything after the enacting clause. Amends the Mental Health and Developmental Disabilities Administrative Act, the Community Living Facilities Licensing Act, the MC/DD Act, the ID/DD Community Care Act, the Community-Integrated Living Arrangements Licensure and Certification Act, and the Child Care Act of 1969. Requires the State agencies responsible for licensing facilities or agencies or certifying service providers under those Acts to adopt rules requiring such facilities, agencies, and service providers, to disclose, upon application for initial licensure, certification, or renewal, and with any notice of a transaction or agreement, whether the facility, agency, or provider, its subsidiaries, affiliates, parent companies, or contractual service providers are or will be owned, managed, or contained within a fund owned or managed by an asset management company. Requires, on a quarterly basis, other disclosures on the asset management company, if applicable. Requires the State agencies to adopt rules prohibiting transactions with a reasonable likelihood of causing or materially contributing to financial distress, into its standards for licensure or certification for facilities, providers, and agencies, where such entities, their subsidiaries, affiliates, parent companies, or contractual service providers are or will be owned, managed, or contained within a fund owned or managed by an asset management company. Makes other changes. Effective immediately.
Actions
DateChamberAction
1/30/2026HouseFiled with the Clerk by Rep. Laura Faver Dias
2/06/2026HouseFirst Reading
2/06/2026HouseReferred to Rules Committee
2/24/2026HouseAdded Co-Sponsor Rep. Anna Moeller
2/24/2026HouseAdded Co-Sponsor Rep. Nabeela Syed
2/24/2026HouseAdded Co-Sponsor Rep. Nicolle Grasse
2/24/2026HouseAdded Co-Sponsor Rep. Will Guzzardi
2/24/2026HouseAdded Co-Sponsor Rep. Maura Hirschauer
2/24/2026HouseAdded Chief Co-Sponsor Rep. Maurice A. West, II
2/24/2026HouseAdded Chief Co-Sponsor Rep. Gregg Johnson
2/24/2026HouseAdded Chief Co-Sponsor Rep. Harry Benton
2/24/2026HouseAdded Chief Co-Sponsor Rep. Katie Stuart
2/27/2026HouseAdded Co-Sponsor Rep. Martha Deuter
3/04/2026HouseAssigned to Human Services Committee
3/04/2026HouseAdded Co-Sponsor Rep. Michelle Mussman
3/25/2026HouseRemove Chief Co-Sponsor Rep. Harry Benton
3/25/2026HouseAdded Chief Co-Sponsor Rep. Charles Meier
3/25/2026HouseAdded Co-Sponsor Rep. Yolonda Morris
3/25/2026HouseDo Pass / Short Debate Human Services Committee; 012-000-000
3/25/2026HousePlaced on Calendar 2nd Reading - Short Debate
4/09/2026HouseAdded Co-Sponsor Rep. Carol Ammons
4/09/2026HouseAdded Co-Sponsor Rep. Theresa Mah
4/09/2026HouseAdded Co-Sponsor Rep. Abdelnasser Rashid
4/09/2026HouseAdded Co-Sponsor Rep. Sue Scherer
4/09/2026HouseAdded Co-Sponsor Rep. Kelly M. Cassidy
4/09/2026HouseAdded Co-Sponsor Rep. Diane Blair-Sherlock
4/10/2026HouseSecond Reading - Short Debate
4/10/2026HouseHeld on Calendar Order of Second Reading - Short Debate
4/14/2026HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Laura Faver Dias
4/14/2026HouseHouse Floor Amendment No. 1 Referred to Rules Committee
4/15/2026HouseHouse Floor Amendment No. 1 Rules Refers to Human Services Committee
4/16/2026HouseHouse Floor Amendment No. 1 Recommends Be Adopted Human Services Committee; 012-000-000
4/17/2026HouseHouse Floor Amendment No. 1 Adopted
4/17/2026HousePlaced on Calendar Order of 3rd Reading - Short Debate
4/17/2026HouseThird Reading - Short Debate - Passed 100-001-000
4/21/2026SenateArrive in Senate
4/21/2026SenatePlaced on Calendar Order of First Reading
4/21/2026SenateChief Senate Sponsor Sen. Javier L. Cervantes
4/21/2026SenateFirst Reading
4/21/2026SenateReferred to Assignments
4/28/2026SenateAssigned to Executive
4/29/2026SenateAdded as Alternate Co-Sponsor Sen. David Koehler