IL SB0086 | 2023-2024 | 103rd General Assembly


Spectrum: Partisan Bill (Democrat 10-0)
Status: Enrolled on May 9 2024 - 75% progression
Action: 2024-06-07 - Sent to the Governor
Text: Latest bill text (Enrolled) [HTML]


Reinserts the provisions of the introduced bill with the following changes. Moves specified provisions regarding cosigner release, cosigner rights, what happens in the event of the bankruptcy or death of a cosigner, the total and permanent disability of a borrower or cosigner, and modified or flexible repayment plans from the Know Before You Owe Private Education Loan Act to the Student Loan Servicing Rights Act, and makes conforming changes. Further amends the Student Loan Servicing Rights Act to change the definition of "cosigner". Effective immediately.

Tracking Information

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Roll Calls

2024-05-09 - House - Third Reading in House (Y: 112 N: 0 NV: 0 Abs: 0) [PASS]
2023-03-24 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]


2024-06-07SenateSent to the Governor
2024-05-09SenatePassed Both Houses
2024-05-09HouseThird Reading - Short Debate - Passed 112-000-000
2024-04-24HousePlaced on Calendar Order of 3rd Reading - Short Debate
2024-04-24HouseApproved for Consideration Rules Committee; 005-000-000
2024-04-18HouseAdded Alternate Co-Sponsor Rep. Norma Hernandez
2024-04-17HouseAdded Alternate Co-Sponsor Rep. Anna Moeller
2024-04-17HouseAdded Alternate Co-Sponsor Rep. Gregg Johnson
2024-04-17HouseAdded Alternate Co-Sponsor Rep. Will Guzzardi
2024-04-17HouseAdded Alternate Co-Sponsor Rep. Diane Blair-Sherlock
2023-05-31HouseRule 19(a) / Re-referred to Rules Committee
2023-05-19HouseThird Reading/Final Action Deadline Extended-9(b) May 31, 2023
2023-05-12HouseThird Reading/Final Action Deadline Extended-9(b) May 19, 2023
2023-05-03HousePlaced on Calendar Order of 3rd Reading - Short Debate
2023-05-03HouseSecond Reading - Short Debate
2023-04-20HousePlaced on Calendar 2nd Reading - Short Debate
2023-04-19HouseDo Pass / Short Debate Higher Education Committee; 011-000-000
2023-04-11HouseAssigned to Higher Education Committee
2023-03-24HouseReferred to Rules Committee
2023-03-24HouseFirst Reading
2023-03-24SenateAdded as Co-Sponsor Sen. Mike Simmons
2023-03-24SenateAdded as Chief Co-Sponsor Sen. Adriane Johnson
2023-03-24HouseChief House Sponsor Rep. Katie Stuart
2023-03-24HouseArrived in House
2023-03-24SenateAdded as Co-Sponsor Sen. Cristina H. Pacione-Zayas
2023-03-24SenateThird Reading - Passed; 055-000-000
2023-03-23SenatePlaced on Calendar Order of 3rd Reading March 24, 2023
2023-03-23SenateSenate Floor Amendment No. 1 Adopted; Fine
2023-03-23SenateSecond Reading
2023-03-22SenateSenate Floor Amendment No. 1 Recommend Do Adopt Higher Education; 010-000-000
2023-03-07SenateSenate Floor Amendment No. 1 Assignments Refers to Higher Education
2023-03-03SenateSenate Floor Amendment No. 1 Referred to Assignments
2023-03-03SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Laura Fine
2023-02-22SenatePlaced on Calendar Order of 2nd Reading February 23, 2023
2023-02-22SenateDo Pass Higher Education; 011-000-000
2023-01-31SenateAssigned to Higher Education
2023-01-20SenateReferred to Assignments
2023-01-20SenateFirst Reading
2023-01-20SenateFiled with Secretary by Sen. Laura Fine

Code Citations

ChapterArticleSectionCitation TypeStatute Text
11098315Amended CodeCitation Text
11098325New CodeSee Bill Text
11098330New CodeSee Bill Text
11098335New CodeSee Bill Text
11098340New CodeSee Bill Text
11098345New CodeSee Bill Text
1109835Amended CodeCitation Text
11098350New CodeSee Bill Text

Illinois State Sources

Bill Comments