Bill Title: Reinserts the provisions of the introduced bill with changes. Provides that the Department of Commerce and Economic Opportunity shall establish a loan program to provide low interest loans to small businesses that have been negatively impacted by an economic shock (in the introduced bill, federal immigration enforcement). Renames the Federal Immigration Recovery Fund the Economic Recovery Fund. Provides that the Department of Commerce and Economic Opportunity is authorized to provide participating lenders with an administrative or origination fee, in an amount determined by the Department, to cover the costs of loan origination and servicing. Provides that the State shall provide a 100% guarantee on loans issued under the amendatory Act. Provides that participating lenders shall act as originators and servicers of loans and shall not be required to deploy their own capital. Effective immediately.
Sponsorship: Partisan Bill (Democrat 2)
Status: (Engrossed - Dead) 2026-05-22 - Rule 3-9(a) / Re-referred to Assignments
[HB5264 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|
| Engrossed | 2026-04-20 | HTML/Text | Link | View |
| Introduced | 2026-02-05 | HTML/Text | Link | View |
Amendments
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|
| No supplemental documents for Illinois HB5264 currently on file. |
