IL HB3155 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 12-0)
Status: Passed on June 9 2023 - 100% progression
Action: 2023-06-09 - Public Act . . . . . . . . . 103-0043
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 12-0)
Status: Passed on June 9 2023 - 100% progression
Action: 2023-06-09 - Public Act . . . . . . . . . 103-0043
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Illinois Secure Choice Savings Program Act. Provides that the Illinois Secure Choice Savings Board shall determine the number and duties of staff members needed to administer the Illinois Secure Choice Savings Program and assemble such a staff in collaboration with the State Treasurer. Provides that the Board shall keep investment fees (rather than total annual expenses) as low as possible, but in no event shall they exceed 0.25% (rather than 0.75%). Provides that the Board may charge administrative fees, established by rule, that shall be consistent with industry standards. Provides that the definition of "employer" does not include the federal government, the State, any county, any municipal corporation, or any of the State's units or instrumentalities. Makes other changes. Effective immediately.
Title
SECURE CHOICE-ADMINISTRATION
Sponsors
Roll Calls
2023-05-05 - Senate - Third Reading in Senate (Y: 36 N: 16 NV: 7 Abs: 0) [PASS]
2023-03-22 - House - Third Reading in House (Y: 106 N: 0 NV: 6 Abs: 2) [PASS]
2023-03-22 - House - Third Reading in House (Y: 106 N: 0 NV: 6 Abs: 2) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2023-06-09 | House | Public Act . . . . . . . . . 103-0043 |
| 2023-06-09 | House | Effective Date June 9, 2023 |
| 2023-06-09 | House | Governor Approved |
| 2023-06-02 | House | Sent to the Governor |
| 2023-05-05 | House | Passed Both Houses |
| 2023-05-05 | Senate | Third Reading - Passed; 036-016-000 |
| 2023-04-20 | Senate | Placed on Calendar Order of 3rd Reading April 25, 2023 |
| 2023-04-20 | Senate | Second Reading |
| 2023-04-12 | Senate | Placed on Calendar Order of 2nd Reading April 18, 2023 |
| 2023-04-12 | Senate | Approved for Consideration Assignments |
| 2023-03-23 | Senate | Referred to Assignments |
| 2023-03-23 | Senate | First Reading |
| 2023-03-23 | Senate | Chief Senate Sponsor Sen. David Koehler |
| 2023-03-23 | Senate | Placed on Calendar Order of First Reading |
| 2023-03-23 | Senate | Arrive in Senate |
| 2023-03-22 | House | Third Reading - Short Debate - Passed 106-000-003 |
| 2023-03-22 | House | Added Co-Sponsor Rep. Lance Yednock |
| 2023-03-22 | House | Added Co-Sponsor Rep. Justin Slaughter |
| 2023-03-22 | House | Added Co-Sponsor Rep. Debbie Meyers-Martin |
| 2023-03-22 | House | Added Co-Sponsor Rep. Margaret Croke |
| 2023-03-21 | House | Added Co-Sponsor Rep. Sue Scherer |
| 2023-03-16 | House | Added Co-Sponsor Rep. Barbara Hernandez |
| 2023-03-16 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2023-03-16 | House | Second Reading - Short Debate |
| 2023-03-16 | House | Added Chief Co-Sponsor Rep. Kelly M. Burke |
| 2023-03-16 | House | Added Chief Co-Sponsor Rep. Kelly M. Cassidy |
| 2023-03-16 | House | Added Chief Co-Sponsor Rep. Ann M. Williams |
| 2023-03-16 | House | Added Chief Co-Sponsor Rep. Rita Mayfield |
| 2023-03-02 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2023-03-01 | House | Do Pass / Short Debate State Government Administration Committee; 009-000-000 |
| 2023-02-23 | House | Assigned to State Government Administration Committee |
| 2023-02-17 | House | Referred to Rules Committee |
| 2023-02-17 | House | First Reading |
| 2023-02-16 | House | Filed with the Clerk by Rep. Bob Morgan |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 820 | 80 | 30 | Amended Code | Citation Text |
| 820 | 80 | 5 | Amended Code | Citation Text |
