Bill Sponsors: IL HB4923 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Illinois Secure Choice Savings Program Act. Provides that an investment option may be a conservative fund rather than a conservative principal protection fund. Provides that the Illinois Secure Choice Savings Board may establish deadlines for payment of payroll deductions to the Fund. Provides for audits on a fiscal year basis rather than a calendar year basis and report by the following January rather than July. Requires the Treasurer to prepare annual reports on benefits provided by the Program and post the report on the Program website. Effective immediately.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Vetoed) 2018-11-28 - Bill Dead - No Positive Action Taken - Amendatory Veto [HB4923 Detail]

Text: Latest bill text (Veto Message) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Barbara Currie [D]PrimarySponsored BillsHD-025FollowTheMoneyBallotpediaVoteSmart
Senator Daniel Biss [D]PrimarySponsored BillsSD-009FollowTheMoneyBallotpediaVoteSmart
Senator Patricia Vanpelt-Watkins [D]CosponsorSponsored BillsSD-005FollowTheMoneyBallotpediaVoteSmart
Senator Cristina Castro [D]CosponsorSponsored BillsSD-022FollowTheMoneyBallotpediaVoteSmart

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