SB2794 104TH GENERAL ASSEMBLY

LRB104 17549 HLH 30977 b

104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB2794

Introduced 1/13/2026___________, by

SYNOPSIS AS INTRODUCED:

20 ILCS 1405/1405-52 new
20 ILCS 3005/10
5 ILCS 100/5-45.71 new

Amends the Department of Insurance Law of the Civil Administrative Code of Illinois. Provides that the Department of Insurance shall establish and administer a State subsidy program to offset some, if not all, of the costs associated with the expiration of the enhanced federal tax credits that subsidize health insurance premiums. Amends the Governor's Office of Management and Budget Act. Provides that the Governor shall direct the State Comptroller and the State Treasurer to set aside the sum of $75,000,000 from the Budget Reserve for Immediate Disbursements and Governmental Emergencies (BRIDGE) Fund to fund that program. Amends the Illinois Administrative Procedure Act to provide for emergency rulemaking. Effective immediately.

A BILL FOR

AN ACT concerning finance.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Department of Insurance Law of the Civil Administrative Code of Illinois is amended by adding Section 1405-52 as follows:

(20 ILCS 1405/1405-52 new)

Sec. 1405-52. State subsidy program for health insurance premiums. The Department shall establish and administer a State subsidy program to offset some, if not all, of the costs associated with the expiration of the enhanced federal tax credits that subsidize health insurance premiums. The Department shall adopt any rules deemed necessary to implement this Section. In order to provide for the expeditious and timely implementation of this Act, the Department may adopt emergency rules.

Section 10. The Governor's Office of Management and Budget Act is amended by changing Section 10 as follows:

(20 ILCS 3005/10)

Sec. 10. Budget Reserve for Immediate Disbursements and Governmental Emergencies Fund.

(a) There is created in the State treasury as a special fund the Budget Reserve for Immediate Disbursements and Governmental Emergencies (BRIDGE) Fund. The Fund may receive revenue from any authorized source, including, but not limited to, gifts, grants, awards, transfers, and appropriated deposits. Moneys in the fund shall be used to provide supplemental moneys for other funds held in the State treasury in the event of unanticipated delays in or failures of revenues when supplemental moneys are required to effectuate appropriations enacted by the General Assembly.

(b) Upon the written direction of the Governor, the State Comptroller shall direct, and the State Treasurer shall transfer, specified amounts held in the BRIDGE Fund to specified funds in the State treasury for expenditure pursuant to appropriations from funds so specified. Upon the written direction of the Governor, the State Comptroller shall direct, and the State Treasurer shall transfer, specified amounts from funds in the State treasury that have received transfers from the BRIDGE Fund to repay, in whole or in part, amounts previously transferred pursuant to this subsection (b).

(c) The Governor shall direct the State Comptroller and the State Treasurer to set aside the sum of $75,000,000 from the Budget Reserve for Immediate Disbursements and Governmental Emergencies (BRIDGE) Fund to fund the State subsidy program established under Section 1405-52 of the Department of Insurance Law of the Civil Administrative Code of Illinois.

(Source: P.A. 104-2, eff. 6-16-25.)

Section 15. The Illinois Administrative Procedure Act is amended by adding Section 5-45.71 as follows:

(5 ILCS 100/5-45.71 new)

Sec. 5-45.71. Emergency rulemaking; health insurance. To provide for the expeditious and timely implementation of Section 1405-52 of the Department of Insurance Law of the Civil Administrative Code of Illinois, emergency rules implementing the program established under Section 1405-52 of the Department of Insurance Law of the Civil Administrative Code of Illinois may be adopted in accordance with Section 5-45 by the Department of Insurance. The adoption of emergency rules authorized by Section 5-45 and this Section is deemed to be necessary for the public interest, safety, and welfare.

This Section is repealed one year after the effective date of this amendatory Act of the 104th General Assembly.

Section 99. Effective date. This Act takes effect upon becoming law.