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Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Provides that the State Treasurer or any public agency may consider the current and historical ratings that a financial institution has received under the Illinois Community Reinvestment Act when deciding whether to deposit State or public funds in that financial institution. Provides that, effective January 1, 2026, no State or public funds may be deposited in a financial institution subject to the Illinois Community Reinvestment Act unless either (i) the institution has a current rating of satisfactory or outstanding under the Illinois Community Reinvestment Act or (ii) the Department of Financial and Professional Regulation has not yet completed its initial examination of the institution pursuant to the Illinois Community Reinvestment Act. Makes conforming changes. Effective January 1, 2026.
Introduced
Apr 9, 2025
Last Action
Dec 1, 2025
Session
IL 104th
Sponsors
2 primary · 12 co
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Placed on Calendar Order of 3rd Reading October 15, 2025
Approved for Consideration Assignments
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Third Reading/Passage Deadline Established As June 1, 2025
Placed on Calendar Order of 2nd Reading
Placed on Calendar Order of 3rd Reading May 20, 2025
Second Reading
Do Pass as Amended Executive; 009-004-000
Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Assignments Refers to Executive
Senate Committee Amendment No. 1 Referred to Assignments
Alternate Chief Sponsor Changed to Sen. Don Harmon
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
Rule 2-10 Committee Deadline Established As May 23, 2025
Assigned to Executive
First Reading
Referred to Assignments
Chief Senate Sponsor Sen. Mattie Hunter
Added Co-Sponsor Rep. Yolonda Morris
Third Reading - Short Debate - Passed 084-030-001
Added Chief Co-Sponsor Rep. Jehan Gordon-Booth
Arrive in Senate
Placed on Calendar Order of First Reading April 10, 2025
Added Co-Sponsor Rep. Hoan Huynh
Added Co-Sponsor Rep. Emanuel "Chris" Welch
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Added Co-Sponsor Rep. Lisa Davis
Placed on Calendar 2nd Reading - Short Debate
House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote
Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 009-002-000
Added Co-Sponsor Rep. Michael Crawford
Added Co-Sponsor Rep. Suzanne M. Ness
Added Co-Sponsor Rep. Debbie Meyers-Martin
Added Co-Sponsor Rep. Justin Slaughter
Added Co-Sponsor Rep. William "Will" Davis
Added Chief Co-Sponsor Rep. Camille Y. Lilly
Added Chief Co-Sponsor Rep. Sonya M. Harper
House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Kimberly Du Buclet
Assigned to Financial Institutions and Licensing Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Kimberly Du Buclet
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Camille Y. Lilly
Suzanne M. Ness
William "Will" Davis
Michael Crawford
Emanuel "Chris" Welch
Sonya M. Harper