Illinois 100th Regular Session Status: To Executive 1 D cosponsors

HB 4923 — SECURE CHOICE SAVINGS OPTIONS

Last action — Bill Dead - No Positive Action Taken - Amendatory Veto

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 100th Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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.

Bill Text

What changed in the latest version

5 added · 5 removed

Plain-language change summary

The changes to HB 4923 include the removal of the "Engrossed" label and its associated lines, replaced now with an "Enrolled" designation in the updated version. This indicates the bill has moved forward in the legislative process, suggesting it is closer to final approval. This shift matters because it shows that the bill is advancing, which could mean that its provisions will soon become law and start affecting the relevant stakeholders.

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Previous
Latest
HB4923 Engrossed LRB100 17357 JLS 32521 b AN ACT concerning employment.
HB4923 Enrolled LRB100 17357 JLS 32521 b AN ACT concerning employment.
if the Board elects to establish a secure return fund, the Board may procure any insurance, annuity, or other product to insure the value of individuals' accounts and guarantee a rate of HB4923 Engrossed - 2 - LRB100 17357 JLS 32521 b return;
if the Board elects to establish a secure return fund, the Board may procure any insurance, annuity, or other product to insure the value of individuals' accounts and guarantee a rate of HB4923 Enrolled - 2 - LRB100 17357 JLS 32521 b return;
6-1-15.) (820 ILCS 80/65) HB4923 Engrossed - 3 - LRB100 17357 JLS 32521 b Sec.
6-1-15.) (820 ILCS 80/65) HB4923 Enrolled - 3 - LRB100 17357 JLS 32521 b Sec.
The report shall be filed electronically HB4923 Engrossed - 4 - LRB100 17357 JLS 32521 b with the General Assembly as provided under Section 3.1 of the General Assembly Organization Act and shall be provided electronically to any member of the General Assembly upon request.
The report shall be filed electronically HB4923 Enrolled - 4 - LRB100 17357 JLS 32521 b with the General Assembly as provided under Section 3.1 of the General Assembly Organization Act and shall be provided electronically to any member of the General Assembly upon request.
(c) The State Treasurer shall annually prepare a report in consultation with the Board that includes a summary of the benefits provided by the Program each fiscal year, including the number of enrollees in the Program, the percentage and amounts of investment options and rates of return, and such other information that is relevant to make a full, fair, and HB4923 Engrossed - 5 - LRB100 17357 JLS 32521 b effective disclosure of the operations of the Program and the Fund.
(c) The State Treasurer shall annually prepare a report in consultation with the Board that includes a summary of the benefits provided by the Program each fiscal year, including the number of enrollees in the Program, the percentage and amounts of investment options and rates of return, and such other information that is relevant to make a full, fair, and HB4923 Enrolled - 5 - LRB100 17357 JLS 32521 b effective disclosure of the operations of the Program and the Fund.
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Action History

  1. Bill Dead - No Positive Action Taken - Amendatory Veto

  2. Placed on Calendar Amendatory Veto

  3. Governor Amendatory Veto

  4. Sent to the Governor

  5. Added as Alternate Co-Sponsor Sen. Cristina Castro

  6. Passed Both Houses

  7. Third Reading - Passed; 052-000-000

  8. Placed on Calendar Order of 3rd Reading May 17, 2018

  9. Second Reading

  10. Added as Alternate Chief Co-Sponsor Sen. Patricia Van Pelt

  11. Placed on Calendar Order of 2nd Reading May 15, 2018

  12. Do Pass State Government; 006-000-000

  13. Assigned to State Government

  14. Referred to Assignments

  15. First Reading

  16. Chief Senate Sponsor Sen. Daniel Biss

  17. Placed on Calendar Order of First Reading

  18. Arrive in Senate

  19. Third Reading - Short Debate - Passed 111-000-000

  20. Placed on Calendar Order of 3rd Reading - Short Debate

  21. House Floor Amendment No. 1 Adopted

  22. Recalled to Second Reading - Short Debate

  23. House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000

  24. Placed on Calendar Order of 3rd Reading - Short Debate

  25. Second Reading - Short Debate

  26. House Floor Amendment No. 1 Referred to Rules Committee

  27. House Floor Amendment No. 1 Filed with Clerk by Rep. Barbara Flynn Currie

  28. Placed on Calendar 2nd Reading - Short Debate

  29. Do Pass / Short Debate Personnel & Pensions Committee; 009-000-000

  30. Assigned to Personnel & Pensions Committee

  31. Referred to Rules Committee

  32. First Reading

  33. Filed with the Clerk by Rep. Barbara Flynn Currie

Sponsors

Sponsorship breakdown

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0 sponsors · 2 co-sponsors · 181 not signed on

Sponsors (0)

None.

Co-sponsors (2)

Not signed on (181)

181 members have not signed on to this bill.

Show all 181 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 52 Yea · 0 Nay · 7 Other
Party YeaNayPresentNot Voting
Unaffiliated 32003
Democrat 12003
Republican 8001
Total 52007
% of votes cast 88%0%0%12%
How each member voted (59)
Member Party Vote
Barickman — Yea
Bertino-Tarrant — Yea
Biss — Yea
Bivins — Yea
McConnaughay — Yea
McCann — Yea
McCarter — Yea
Bennett — Yea
Harris — Yea
Mulroe — Yea
McGuire — Yea
Muñoz — Not Voting
Nybo — Yea
Raoul — Yea
Silverstein — Not Voting
Brady — Yea
Cullerton — Yea
Cullerton, T. — Yea
Rooney — Not Voting
Bush — Yea
Clayborne — Yea
Connelly — Yea
Haine — Yea
Hutchinson — Yea
Oberweis — Yea
Righter — Yea
Sandoval — Yea
Schimpf — Yea
Steans — Yea
Landek — Yea
Link — Yea
Manar — Yea
Althoff — Yea
Martinez — Yea
Van Pelt — Yea
Bill Cunningham Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Elgie R. Sims, Jr. Democrat Yea
Emil Jones, III Democrat Not Voting
Julie A. Morrison Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Not Voting
Laura M. Murphy Democrat Not Voting
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Michael E. Hastings Democrat Yea
Omar Aquino Democrat Yea
Steve Stadelman Democrat Yea
Chapin Rose Republican Yea
Dale Fowler Republican Yea
Dan McConchie Republican Not Voting
Dave Syverson Republican Yea
Jil Tracy Republican Yea
John F. Curran Republican Yea
Neil Anderson Republican Yea
Sue Rezin Republican Yea
Travis Weaver Republican Yea

Official roll call →

Third Reading

Passed 111 Yea · 0 Nay · 7 Other
Party YeaNayPresentNot Voting
Unaffiliated 69005
Republican 12000
Democrat 30002
Total 111007
% of votes cast 94%0%0%6%
How each member voted (118)
Member Party Vote
Batinick — Yea
Bellock — Yea
Bourne — Yea
Breen — Yea
Bristow — Yea
Butler — Yea
Carroll — Yea
Conroy — Yea
Conyears-Ervin — Yea
Costello — Yea
Sente — Yea
Stewart — Yea
Bennett — Yea
Sauer — Yea
Brady — Yea
Harris, David — Yea
Harris, Gregory — Yea
Hernandez — Yea
Burke, Daniel — Yea
Burke, Kelly — Yea
Jones — Yea
Frese — Yea
Greenwood — Yea
Hays — Yea
Hurley — Yea
Jesiel — Yea
Jimenez — Yea
Lang — Yea
Long — Yea
Madigan — Yea
McAuliffe — Yea
McDermed — Yea
McSweeney — Yea
Davis — Yea
Wheeler, Barbara — Yea
Wheeler, Keith — Yea
Skillicorn — Not Voting
Williams — Yea
Mitchell, Christian — Yea
Stratton — Yea
Finnie, Natalie — Yea
Tabares — Yea
Thapedi — Yea
Turner — Yea
Unes — Yea
Mitchell, Bill — Not Voting
Wehrli — Yea
Willis — Yea
Winger — Yea
Zalewski — Yea
Cavaletto — Yea
Connor — Yea
Currie — Yea
D'Amico — Yea
Demmer — Yea
Drury — Yea
Durkin — Yea
Flowers — Yea
Fortner — Yea
Ives — Not Voting
Olsen — Yea
Parkhurst — Yea
Pritchard — Yea
Phillips — Yea
Reis — Not Voting
Riley — Yea
Sommer — Yea
Soto — Not Voting
Wallace — Yea
Welter — Yea
Yingling — Yea
Andersson — Yea
Arroyo — Yea
Chapa LaVia — Yea
Anna Moeller Democrat Yea
Anthony DeLuca Democrat Yea
Camille Y. Lilly Democrat Yea
Carol Ammons Democrat Yea
Emanuel "Chris" Welch Democrat Yea
Fred Crespo Democrat Yea
Jaime M. Andrade, Jr. Democrat Yea
Jay Hoffman Democrat Yea
Jehan Gordon-Booth Democrat Yea
Julie A. Morrison Democrat Yea
Justin Slaughter Democrat Yea
Katie Stuart Democrat Yea
Kelly M. Cassidy Democrat Yea
La Shawn K. Ford Democrat Yea
Laura Fine Democrat Yea
Lawrence "Larry" Walsh, Jr. Democrat Yea
Marcus C. Evans, Jr. Democrat Not Voting
Martin J. Moylan Democrat Yea
Michael W. Halpin Democrat Yea
Michelle Mussman Democrat Yea
Natalie A. Manley Democrat Yea
Nicholas K. Smith Democrat Yea
Rita Mayfield Democrat Yea
Robert "Bob" Rita Democrat Yea
Robert F. Martwick Democrat Yea
Robyn Gabel Democrat Not Voting
Sara Feigenholtz Democrat Yea
Sonya M. Harper Democrat Yea
Stephanie A. Kifowit Democrat Yea
Sue Scherer Democrat Yea
Theresa Mah Democrat Yea
Will Guzzardi Democrat Yea
Brad Halbrook Republican Yea
Charles Meier Republican Yea
Christopher "C.D." Davidsmeyer Republican Yea
Dan Swanson Republican Yea
Dave Severin Republican Yea
Joe C. Sosnowski Republican Yea
John M. Cabello Republican Yea
Norine K. Hammond Republican Yea
Ryan Spain Republican Yea
Steven Reick Republican Yea
Terri Bryant Republican Yea
Tony M. McCombie Republican Yea

Official roll call →

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 4923 do?
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.
Who sponsors HB 4923?
HB 4923 is sponsored by Barbara Flynn Currie and Cristina Castro (Democrat).
What is the current status of HB 4923?
This bill died with 100th Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 4923?
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Last checked for changes 3 months ago · updated continuously

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