Illinois General Assembly - Bill Status for HB1437
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 Bill Status of HB1437  104th General Assembly

Short Description:  NON-PROFIT INVESTMENT POOL

House Sponsors
Rep. Rita Mayfield - Justin Slaughter - Barbara Hernandez - Diane Blair-Sherlock, Debbie Meyers-Martin, Suzanne M. Ness, Nicolle Grasse, Lisa Davis, Yolonda Morris, Marcus C. Evans, Jr., Maura Hirschauer, Sharon Chung, Sue Scherer, Dave Vella, Jaime M. Andrade, Jr., Dagmara Avelar, Elizabeth "Lisa" Hernandez, Stephanie A. Kifowit, Edgar González, Jr., La Shawn K. Ford, William "Will" Davis, Joyce Mason, Anna Moeller, Michelle Mussman, Kevin John Olickal, Aarón M. Ortíz, Anne Stava-Murray, Katie Stuart, Ann M. Williams, Martha Deuter and Thaddeus Jones

Senate Sponsors
(Sen. Adriane Johnson)

Last Action
DateChamber Action
  4/14/2025SenateReferred to Assignments

Statutes Amended In Order of Appearance
15 ILCS 505/17.2 new


Synopsis As Introduced
Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer a non-profit investment pool and an electronic payment processing program to supplement and enhance investment opportunities and secure electronic payment options otherwise available to not-for-profit corporations in the State. Provides that the Treasurer may receive funds paid into the pool for the purpose of holding and investing those funds. Provides for surety bonds payable to not-for-profit corporations who participate in the pool. Provides that the Treasurer shall adopt rules for the efficient administration of the pool.

House Floor Amendment No. 1
Provides that not-for-profit corporations exempt from taxation under Section 501(c)(c) or 501(c)(5) of the Internal Revenue Code (rather than Section 501(c)(3), 501(c)(4), 501(c)(5), or 501(c)(6) of the Internal Revenue Code) are eligible to participate in the non-profit investment pool.

Actions 
DateChamber Action
  1/17/2025HouseFiled with the Clerk by Rep. Rita Mayfield
  1/28/2025HouseFirst Reading
  1/28/2025HouseReferred to Rules Committee
  2/18/2025HouseAssigned to State Government Administration Committee
  2/27/2025HouseAdded Co-Sponsor Rep. Debbie Meyers-Martin
  2/27/2025HouseAdded Co-Sponsor Rep. Suzanne M. Ness
  3/4/2025HouseAdded Co-Sponsor Rep. Nicolle Grasse
  3/5/2025HouseDo Pass / Short Debate State Government Administration Committee; 005-003-000
  3/6/2025HousePlaced on Calendar 2nd Reading - Short Debate
  3/6/2025HouseAdded Co-Sponsor Rep. Lisa Davis
  3/11/2025HouseAdded Chief Co-Sponsor Rep. Justin Slaughter
  3/11/2025HouseAdded Chief Co-Sponsor Rep. Barbara Hernandez
  3/12/2025HouseAdded Co-Sponsor Rep. Yolonda Morris
  3/13/2025HouseAdded Co-Sponsor Rep. Marcus C. Evans, Jr.
  3/13/2025HouseAdded Co-Sponsor Rep. Maura Hirschauer
  3/13/2025HouseAdded Co-Sponsor Rep. Sharon Chung
  3/13/2025HouseAdded Co-Sponsor Rep. Sue Scherer
  3/13/2025HouseAdded Co-Sponsor Rep. Dave Vella
  3/13/2025HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
  3/13/2025HouseAdded Co-Sponsor Rep. Dagmara Avelar
  3/13/2025HouseAdded Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
  3/13/2025HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Rita Mayfield
  3/13/2025HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  3/18/2025HouseAdded Chief Co-Sponsor Rep. Diane Blair-Sherlock
  3/18/2025HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit
  3/18/2025HouseAdded Co-Sponsor Rep. Edgar González, Jr.
  3/18/2025HouseAdded Co-Sponsor Rep. La Shawn K. Ford
  3/18/2025HouseAdded Co-Sponsor Rep. William "Will" Davis
  3/18/2025HouseAdded Co-Sponsor Rep. Joyce Mason
  3/18/2025HouseAdded Co-Sponsor Rep. Anna Moeller
  3/18/2025HouseAdded Co-Sponsor Rep. Michelle Mussman
  3/18/2025HouseAdded Co-Sponsor Rep. Kevin John Olickal
  3/18/2025HouseAdded Co-Sponsor Rep. Aarón M. Ortíz
  3/18/2025HouseAdded Co-Sponsor Rep. Anne Stava-Murray
  3/18/2025HouseAdded Co-Sponsor Rep. Katie Stuart
  3/18/2025HouseAdded Co-Sponsor Rep. Ann M. Williams
  3/18/2025HouseHouse Floor Amendment No. 1 Rules Refers to State Government Administration Committee
  3/26/2025HouseSecond Reading - Short Debate
  3/26/2025HouseAdded Co-Sponsor Rep. Martha Deuter
  3/26/2025HouseHeld on Calendar Order of Second Reading - Short Debate
  3/27/2025HouseAdded Co-Sponsor Rep. Thaddeus Jones
  4/7/2025HouseHouse Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 005-002-000
  4/10/2025HouseHouse Floor Amendment No. 1 Adopted
  4/10/2025HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/10/2025HouseThird Reading - Short Debate - Passed 074-038-000
  4/14/2025SenateArrive in Senate
  4/14/2025SenatePlaced on Calendar Order of First Reading
  4/14/2025SenateChief Senate Sponsor Sen. Adriane Johnson
  4/14/2025SenateFirst Reading
  4/14/2025SenateReferred to Assignments

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