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]

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.

Tracking Information

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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]

History

DateChamberAction
2023-06-09HousePublic Act . . . . . . . . . 103-0043
2023-06-09HouseEffective Date June 9, 2023
2023-06-09HouseGovernor Approved
2023-06-02HouseSent to the Governor
2023-05-05HousePassed Both Houses
2023-05-05SenateThird Reading - Passed; 036-016-000
2023-04-20SenatePlaced on Calendar Order of 3rd Reading April 25, 2023
2023-04-20SenateSecond Reading
2023-04-12SenatePlaced on Calendar Order of 2nd Reading April 18, 2023
2023-04-12SenateApproved for Consideration Assignments
2023-03-23SenateReferred to Assignments
2023-03-23SenateFirst Reading
2023-03-23SenateChief Senate Sponsor Sen. David Koehler
2023-03-23SenatePlaced on Calendar Order of First Reading
2023-03-23SenateArrive in Senate
2023-03-22HouseThird Reading - Short Debate - Passed 106-000-003
2023-03-22HouseAdded Co-Sponsor Rep. Lance Yednock
2023-03-22HouseAdded Co-Sponsor Rep. Justin Slaughter
2023-03-22HouseAdded Co-Sponsor Rep. Debbie Meyers-Martin
2023-03-22HouseAdded Co-Sponsor Rep. Margaret Croke
2023-03-21HouseAdded Co-Sponsor Rep. Sue Scherer
2023-03-16HouseAdded Co-Sponsor Rep. Barbara Hernandez
2023-03-16HousePlaced on Calendar Order of 3rd Reading - Short Debate
2023-03-16HouseSecond Reading - Short Debate
2023-03-16HouseAdded Chief Co-Sponsor Rep. Kelly M. Burke
2023-03-16HouseAdded Chief Co-Sponsor Rep. Kelly M. Cassidy
2023-03-16HouseAdded Chief Co-Sponsor Rep. Ann M. Williams
2023-03-16HouseAdded Chief Co-Sponsor Rep. Rita Mayfield
2023-03-02HousePlaced on Calendar 2nd Reading - Short Debate
2023-03-01HouseDo Pass / Short Debate State Government Administration Committee; 009-000-000
2023-02-23HouseAssigned to State Government Administration Committee
2023-02-17HouseReferred to Rules Committee
2023-02-17HouseFirst Reading
2023-02-16HouseFiled with the Clerk by Rep. Bob Morgan

Code Citations

ChapterArticleSectionCitation TypeStatute Text
8208030Amended CodeCitation Text
820805Amended CodeCitation Text

Illinois State Sources


Bill Comments

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