Illinois Senate Bill 2420 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on July 15 2016 - 100% progression
Action: 2016-07-15 - Public Act . . . . . . . . . 99-0571
Text: Latest bill text (Chaptered) [HTML]

Amends the Illinois Secure Choice Savings Program Act. Provides that the total annual expenses, rather than the annual administrative expenses, shall not exceed 0.75% of the total trust balance. Removes a requirement that the Board prepare a statement of investment policy annually. Provides that the investment policy shall be published on the Board's or State Treasurer's website. Provides that small employers' use of automatic enrollment is subject to federal rules. Makes other changes. Effective immediately.

SECURE CHOICE INVEST POLICY

Sen. Daniel Biss [D]

Rep. Barbara Currie [D]

2016-05-11 - House - Third Reading in House (Y: 113 N: 0 NV: 2 Abs: 2) [PASS]
2016-04-19 - Senate - Third Reading in Senate (Y: 52 N: 0 NV: 6 Abs: 0) [PASS]

Date	Chamber	Action
2016-07-15	Senate	Public Act . . . . . . . . . 99-0571
2016-07-15	Senate	Effective Date July 15, 2016
2016-07-15	Senate	Governor Approved
2016-06-09	Senate	Sent to the Governor
2016-05-11	Senate	Passed Both Houses
2016-05-11	House	Third Reading - Short Debate - Passed 113-000-000
2016-05-10	House	Placed on Calendar Order of 3rd Reading - Short Debate
2016-05-10	House	Second Reading - Short Debate
2016-05-05	House	Placed on Calendar 2nd Reading - Short Debate
2016-05-05	House	Do Pass / Short Debate Revenue & Finance Committee; 010-000-000
2016-05-05	House	Remains in Revenue & Finance Committee
2016-05-05	House	Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000
2016-04-27	House	To Income Tax Subcommittee
2016-04-26	House	Assigned to Revenue & Finance Committee
2016-04-20	House	Referred to Rules Committee
2016-04-20	House	First Reading
2016-04-20	House	Chief House Sponsor Rep. Barbara Flynn Currie
2016-04-20	House	Arrived in House
2016-04-19	Senate	Third Reading - Passed; 052-000-000
2016-04-19	Senate	Placed on Calendar Order of 3rd Reading
2016-04-19	Senate	Senate Floor Amendment No. 1 Adopted; Biss
2016-04-19	Senate	Recalled to Second Reading
2016-04-14	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 012-000-000
2016-04-13	Senate	Senate Floor Amendment No. 1 Assignments Refers to Executive
2016-04-12	Senate	Senate Floor Amendment No. 1 Referred to Assignments
2016-04-12	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Daniel Biss
2016-03-03	Senate	Placed on Calendar Order of 3rd Reading March 8, 2016
2016-03-03	Senate	Second Reading
2016-03-02	Senate	Placed on Calendar Order of 2nd Reading March 3, 2016
2016-03-02	Senate	Do Pass Executive; 012-003-000
2016-02-17	Senate	Assigned to Executive
2016-02-09	Senate	Referred to Assignments
2016-02-09	Senate	First Reading
2016-02-09	Senate	Filed with Secretary by Sen. Daniel Biss

Chapter	Article	Section	Citation Type	Statute Text
820	80	30	Amended Code	Citation Text
820	80	35	Amended Code	Citation Text
820	80	60	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2420&GAID=13&DocTypeID=SB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/SB/09900SB2420.htm
Text	https://www.ilga.gov/legislation/99/SB/09900SB2420eng.htm
Text	https://www.ilga.gov/legislation/99/SB/09900SB2420enr.htm
Text	https://www.ilga.gov/legislation/publicacts/99/099-0571.htm
Amendment	https://www.ilga.gov/legislation/99/SB/09900SB2420sam001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/99/senate/09900SB2420_04192016_022000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/99/house/09900SB2420_05112016_012000T.pdf