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Amends the Illinois Trust Code. Requires a trustee to maintain, for a minimum of 7 years after the termination of the trust, a copy of the governing trust instrument under which the trustee was authorized to act at the time the trust terminated. Amends the Revised Uniform Unclaimed Property Act. Provides that property held in an account or plan, including a health savings account, that qualifies for tax deferral under the United States income tax law, is presumed abandoned 20 years after the account was opened. Requires State agencies to report final compensation due a State employee to the Treasurer's Office as unclaimed property if the employee dies while employed. Requires a holder who holds property presumed abandoned to hold the property in trust for the benefit of the State Treasurer on behalf of the owner from and after the date the property is presumed abandoned. Requires that the State Treasurer provide written notice to a State agency and the Governor's Office of Management and Budget of property presumed to be abandoned and allegedly owned by the State agency before it can be escheated to the State's General Revenue Fund if the property remains unclaimed after one year. Creates authority for the Secretary of the Department of Financial and Professional Regulation to order a regulated person under the Act to immediately report and remit property subject to the Act if the Secretary determines that the action is necessary to protect the interest of an owner. Establishes a procedure regulating agreements between an owner or apparent owner and a finder to locate or recover property held by the State Treasurer. Requires a finder to be licensed by the State Treasurer and creates qualifications to be so licensed. Makes definitions. Makes other changes. The Treasurer is authorized to adopt rules as necessary to implement the Act. Effective immediately.
Introduced
Apr 14, 2025
Last Action
Dec 12, 2025
Session
IL 104th
Sponsors
2 primary · 51 co
Effective Date December 12, 2025; some provisions
Public Act . . . . . . . . . 104-0448
Effective Date January 1, 2026; some provisions
Governor Certifies Changes
Sent to the Governor
Both Houses Accepted Amendatory Veto
3/5 Vote Required
Accept Amendatory Veto - Senate Passed 038-016-000
Amendatory Veto Motion - Approved for Consideration Assignments
Amendatory Veto Motion - Motion Referred to Assignments
Amendatory Veto Motion - Motion Filed Accept Amendatory Veto Sen. Don Harmon
Placed on Calendar Amendatory Veto October 28, 2025
Amendatory Veto Motion - Motion Prevailed 074-038-000
3/5 Vote Required
Amendatory Veto Motion - Motion Referred to Rules Committee
Amendatory Veto Motion - Motion Filed Accept Amendatory Veto Rep. Tracy Katz Muhl
Placed on Calendar Amendatory Veto
Amendatory Veto Motion - Accept Motion Recommends Be Adopted Rules Committee; 005-000-000
Governor Amendatory Veto
Sent to the Governor
Senate Floor Amendment No. 2 House Concurs 077-040-000
Senate Committee Amendment No. 1 House Concurs 077-040-000
House Concurs
Added Co-Sponsor Rep. Martha Deuter
Passed Both Houses
Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Judiciary - Civil Committee
Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Judiciary - Civil Committee; 013-007-000
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Judiciary - Civil Committee; 013-007-000
Added as Alternate Co-Sponsor Sen. Karina Villa
Senate Floor Amendment No. 2 Motion to Concur Rules Referred to Judiciary - Civil Committee
Added as Alternate Co-Sponsor Sen. Graciela Guzmán
Added as Alternate Co-Sponsor Sen. Laura Fine
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
Senate Floor Amendment No. 2 Motion Filed Concur Rep. Tracy Katz Muhl
Senate Committee Amendment No. 1 Motion Filed Concur Rep. Tracy Katz Muhl
Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2
Arrived in House
Added as Alternate Co-Sponsor Sen. Adriane Johnson
Third Reading - Passed; 036-019-000
Placed on Calendar Order of 3rd Reading
Added as Alternate Co-Sponsor Sen. Mary Edly-Allen
Added as Alternate Co-Sponsor Sen. Michael W. Halpin
Added as Alternate Co-Sponsor Sen. David Koehler
Added as Alternate Co-Sponsor Sen. Mike Simmons
Senate Floor Amendment No. 2 Adopted; Harmon
Recalled to Second Reading
Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee
Added as Alternate Chief Co-Sponsor Sen. Celina Villanueva
Added as Alternate Chief Co-Sponsor Sen. Sara Feigenholtz
Added as Alternate Co-Sponsor Sen. Robert Peters
Removed Co-Sponsor Rep. Kam Buckner
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon
Senate Floor Amendment No. 2 Referred to Assignments
Senate Floor Amendment No. 2 Assignments Refers to Executive
Chief Sponsor Changed to Rep. Tracy Katz Muhl
Added Chief Co-Sponsor Rep. Kelly M. Cassidy
Added Chief Co-Sponsor Rep. Theresa Mah
Added Co-Sponsor Rep. Nicolle Grasse
Added Co-Sponsor Rep. Anne Stava
Added Co-Sponsor Rep. Mary Beth Canty
Added Co-Sponsor Rep. Daniel Didech
Added Co-Sponsor Rep. Robyn Gabel
Added Co-Sponsor Rep. Margaret Croke
Added Co-Sponsor Rep. Will Guzzardi
Added Co-Sponsor Rep. Kam Buckner
Added Co-Sponsor Rep. Dagmara Avelar
Added Co-Sponsor Rep. Ann M. Williams
Added Co-Sponsor Rep. Amy Briel
Added Co-Sponsor Rep. Hoan Huynh
Added Co-Sponsor Rep. Barbara Hernandez
Added Co-Sponsor Rep. Bob Morgan
Added Co-Sponsor Rep. Aarón M. Ortíz
Added Co-Sponsor Rep. Marcus C. Evans, Jr.
Added Co-Sponsor Rep. Jehan Gordon-Booth
Added Co-Sponsor Rep. Lilian Jiménez
Added Co-Sponsor Rep. Joyce Mason
Added Co-Sponsor Rep. Kevin John Olickal
Added Co-Sponsor Rep. Sharon Chung
Added Co-Sponsor Rep. Laura Faver Dias
Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
Added Co-Sponsor Rep. Norma Hernandez
Added Co-Sponsor Rep. Maura Hirschauer
Added Co-Sponsor Rep. Camille Y. Lilly
Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
Added Co-Sponsor Rep. Lisa Davis
Added Co-Sponsor Rep. Edgar González, Jr.
Added Co-Sponsor Rep. Gregg Johnson
Added Co-Sponsor Rep. Anna Moeller
Added Co-Sponsor Rep. Lindsey LaPointe
Added Co-Sponsor Rep. Michael Crawford
Added Co-Sponsor Rep. Diane Blair-Sherlock
Added Chief Co-Sponsor Rep. Kam Buckner
Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 009-004-000
Added Chief Co-Sponsor Rep. Eva-Dina Delgado
Rule 2-10 Third Reading/Passage Deadline Established As June 1, 2025
Placed on Calendar Order of 3rd Reading May 20, 2025
Second Reading
Placed on Calendar Order of 2nd Reading
Do Pass as Amended Executive; 009-004-000
Senate Committee Amendment No. 1 Assignments Refers to Executive
Senate Committee Amendment No. 1 Adopted
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
Alternate Chief Sponsor Changed to Sen. Don Harmon
Senate Committee Amendment No. 1 Referred to Assignments
Rule 2-10 Committee Deadline Established As May 23, 2025
Assigned to Executive
First Reading
Arrive in Senate
Placed on Calendar Order of First Reading
Chief Senate Sponsor Sen. Robert F. Martwick
Referred to Assignments
House Floor Amendment No. 2 Tabled
Placed on Calendar Order of 3rd Reading - Short Debate
House Floor Amendment No. 3 Adopted
Third Reading - Short Debate - Passed 075-038-000
House Floor Amendment No. 3 Recommends Be Adopted Judiciary - Civil Committee; 013-007-000
House Floor Amendment No. 3 Filed with Clerk by Rep. Diane Blair-Sherlock
House Floor Amendment No. 3 Rules Refers to Judiciary - Civil Committee
House Floor Amendment No. 3 Referred to Rules Committee
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
House Floor Amendment No. 2 Rules Refers to Judiciary - Civil Committee
House Floor Amendment No. 2 Referred to Rules Committee
House Floor Amendment No. 2 Filed with Clerk by Rep. Diane Blair-Sherlock
Do Pass as Amended / Short Debate Judiciary - Civil Committee; 013-007-000
House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
Placed on Calendar 2nd Reading - Short Debate
Added Co-Sponsor Rep. Eva-Dina Delgado
Added Co-Sponsor Rep. Jennifer Gong-Gershowitz
Added Co-Sponsor Rep. Dave Vella
Removed Co-Sponsor Rep. Eva-Dina Delgado
Removed Co-Sponsor Rep. Dave Vella
Added Co-Sponsor Rep. Michelle Mussman
House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
House Committee Amendment No. 1 Referred to Rules Committee
House Committee Amendment No. 1 Filed with Clerk by Rep. Diane Blair-Sherlock
Assigned to Judiciary - Civil Committee
Filed with the Clerk by Rep. Diane Blair-Sherlock
Referred to Rules Committee
First Reading
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Public Act . . . . . . . . . 104-0448
Daniel Didech
Dagmara Avelar
Ann M. Williams
Amy Briel
Aarón M. Ortíz
Marcus C. Evans, Jr.
Kevin John Olickal
Elizabeth "Lisa" Hernandez
Camille Y. Lilly
Michael Crawford
Martha Deuter
Michael W. Halpin
David Koehler
Mike Simmons
Jaime M. Andrade, Jr.
Edgar González, Jr.
Kelly M. Cassidy
Jennifer Gong-Gershowitz