Illinois General Assembly - Bill Status for SB3133
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 Bill Status of SB3133  103rd General Assembly

Short Description:  EDUCATION SAVINGS PROGRAMS

Senate Sponsors
Sen. Steve Stadelman - Jason Plummer, Mike Porfirio, Sara Feigenholtz, Andrew S. Chesney and Laura M. Murphy

House Sponsors
(Rep. Diane Blair-Sherlock - Janet Yang Rohr)

Hearings
State Government Administration Committee Hearing May 1 2024 2:00PM Capitol Building Room 118 Springfield, IL


Last Action
DateChamber Action
  4/24/2024HouseAssigned to State Government Administration Committee

Statutes Amended In Order of Appearance
15 ILCS 505/16.5
15 ILCS 505/16.8


Synopsis As Introduced
Amends the State Treasurer Act. In provisions concerning the College Savings Pool, provides that an account may be rolled over into a Roth IRA account, to the extent permitted by Section 529 of the Internal Revenue Code. In provisions concerning the Illinois Higher Education Savings Program, provides that the definition of "eligible child" includes a child born or adopted after December 31, 2022, to a parent who is a resident of Illinois at the time of the birth or adoption, as evidenced by documentation received by the Treasurer from a parent or legal guardian of the child. Makes conforming changes. Effective immediately.

Actions 
DateChamber Action
  2/2/2024SenateFiled with Secretary by Sen. Steve Stadelman
  2/2/2024SenateFirst Reading
  2/2/2024SenateReferred to Assignments
  2/14/2024SenateAssigned to Financial Institutions
  3/5/2024SenateAdded as Co-Sponsor Sen. Mike Porfirio
  3/6/2024SenateDo Pass Financial Institutions; 007-000-000
  3/6/2024SenatePlaced on Calendar Order of 2nd Reading March 7, 2024
  3/6/2024SenateAdded as Co-Sponsor Sen. Sara Feigenholtz
  3/6/2024SenateAdded as Co-Sponsor Sen. Andrew S. Chesney
  3/6/2024SenateAdded as Chief Co-Sponsor Sen. Jason Plummer
  3/14/2024SenateSecond Reading
  3/14/2024SenatePlaced on Calendar Order of 3rd Reading March 20, 2024
  4/10/2024SenatePlaced on Calendar Order of 3rd Reading **
  4/10/2024SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  4/12/2024SenateThird Reading - Passed; 059-000-000
  4/12/2024HouseArrived in House
  4/12/2024HouseChief House Sponsor Rep. Diane Blair-Sherlock
  4/15/2024HouseFirst Reading
  4/15/2024HouseReferred to Rules Committee
  4/19/2024HouseAdded Alternate Chief Co-Sponsor Rep. Janet Yang Rohr
  4/24/2024HouseAssigned to State Government Administration Committee

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