Illinois 104th Regular Session Status: To Executive 5 D cosponsors

SB 3086 — STATE PERMITTED INVESTMENTS

Last action — Sent to the Governor

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

This bill has been sent to the executive. Introduced January 29, 2026. It awaits signature.

Next likely step: the executive signs it into law or issues a veto.

Prognosis

Likely to advance 74% · moderate confidence

Where this bill stands today.

Odds of enactment

Moderate

How often bills like it became law.

  • To Executive

    Current position in the legislative process.

  • 6 sponsors

    2 primary, 4 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (5 D).

  • Cleared a recorded vote

    Passed 7 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill relates to permitted investments by the state.

This legislation establishes regulations regarding what types of investments the state is allowed to make. It aims to clarify investment options and ensure they align with state interests.

Bill Text

What changed in the latest version

55 added · 58 removed

Plain-language change summary

The updated version of SB 3086 has removed a requirement that issuers must not be on a restricted list maintained by the Illinois Investment Policy Board, making it easier for certain companies to attract investment. Additionally, it clarifies the criteria for specific types of investments in government securities and community development financial institutions. This change is important because it could potentially broaden investment opportunities and support community development efforts by allowing more flexibility for investors.

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Latest
SB3086 Engrossed LRB104 17721 SPS 31152 b AN ACT concerning State government.
SB3086 Enrolled LRB104 17721 SPS 31152 b AN ACT concerning State government.
SB3086 Engrossed - 2 - LRB104 17721 SPS 31152 b The State Treasurer may purchase any state bonds with any money in the State Treasury that has been set aside and held for the payment of the principal of and interest on the bonds.
SB3086 Enrolled - 2 - LRB104 17721 SPS 31152 b The State Treasurer may purchase any state bonds with any money in the State Treasury that has been set aside and held for the payment of the principal of and interest on the bonds.
and (iii) the corporation or the limited liability company has not been SB3086 Engrossed - 3 - LRB104 17721 SPS 31152 b placed on the list of restricted companies by the Illinois Investment Policy Board under Section 1-110.16 of the Illinois Pension Code.
and (iii) the corporation or the limited liability company has not been SB3086 Enrolled - 3 - LRB104 17721 SPS 31152 b placed on the list of restricted companies by the Illinois Investment Policy Board under Section 1-110.16 of the Illinois Pension Code.
On or after July 1, 2025, and through June 30, 2026, at the request of the Governor and with the approval of the Treasurer, the Comptroller may make deposits into other funds in the State Treasury to pay outstanding vouchers or in anticipation of vouchers that may SB3086 Engrossed - 4 - LRB104 17721 SPS 31152 b be submitted to the Comptroller for payment.
On or after July 1, 2025, and through June 30, 2026, at the request of the Governor and with the approval of the Treasurer, the Comptroller may make deposits into other funds in the State Treasury to pay outstanding vouchers or in anticipation of vouchers that may SB3086 Enrolled - 4 - LRB104 17721 SPS 31152 b be submitted to the Comptroller for payment.
In compliance with the intergovernmental agreement, the Comptroller shall order and the State Treasurer shall transfer amounts sufficient for the payment of principal and SB3086 Engrossed - 5 - LRB104 17721 SPS 31152 b interest invested by the State Treasurer with the Office of the Comptroller under this paragraph from the General Revenue Fund or the Health Insurance Reserve Fund or, from July 1, 2025 through June 30, 2026, the fund identified by the Governor, to the respective funds in the State Treasury from which the State Treasurer drew the investment.
In compliance with the intergovernmental agreement, the Comptroller shall order and the State Treasurer shall transfer amounts sufficient for the payment of principal and SB3086 Enrolled - 5 - LRB104 17721 SPS 31152 b interest invested by the State Treasurer with the Office of the Comptroller under this paragraph from the General Revenue Fund or the Health Insurance Reserve Fund or, from July 1, 2025 through June 30, 2026, the fund identified by the Governor, to the respective funds in the State Treasury from which the State Treasurer drew the investment.
provided, SB3086 Engrossed - 6 - LRB104 17721 SPS 31152 b that at the time of investment, the entity has the United States government as a shareholder.
provided, SB3086 Enrolled - 6 - LRB104 17721 SPS 31152 b that at the time of investment, the entity has the United States government as a shareholder.
provided, however, the principal office of the credit union must be located within the State of SB3086 Engrossed - 7 - LRB104 17721 SPS 31152 b Illinois.
provided, however, the principal office of the credit union must be located within the State of SB3086 Enrolled - 7 - LRB104 17721 SPS 31152 b Illinois.
(7.5) Obligations of either corporations or limited liability companies organized in the United States, that have a significant presence in this State, with assets SB3086 Engrossed - 8 - LRB104 17721 SPS 31152 b exceeding $500,000,000 if:
(7.5) Obligations of either corporations or limited liability companies organized in the United States, that have a significant presence in this State, with assets SB3086 Enrolled - 8 - LRB104 17721 SPS 31152 b exceeding $500,000,000 if:
(i) the purchases do not exceed 5% of the issuers' total assets;
(i) the purchases do not exceed 5% of the issuers' total assets and (ii) no more than 1% of the public agency's funds are invested in the pooled SB3086 Enrolled - 9 - LRB104 17721 SPS 31152 b investment trust.
(ii) no more than 1% of the public agency's funds are invested in the pooled SB3086 Engrossed - 9 - LRB104 17721 SPS 31152 b investment trust;
and (iii) the issuer has not been placed on the list of restricted companies by the Illinois Investment Policy Board under Section 1-110.16 of the Illinois Pension Code.
For purposes of this Section, "agencies" of the United SB3086 Engrossed - 10 - LRB104 17721 SPS 31152 b States Government includes:
For purposes of this Section, "agencies" of the United States Government includes:
(i) the federal land banks, federal intermediate credit banks, banks for cooperatives, federal farm credit banks, or any other entity authorized to issue debt obligations under the Farm Credit Act of 1971 (12 U.S.C.
(i) the federal land banks, federal intermediate credit banks, banks for cooperatives, federal farm credit SB3086 Enrolled - 10 - LRB104 17721 SPS 31152 b banks, or any other entity authorized to issue debt obligations under the Farm Credit Act of 1971 (12 U.S.C.
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Amendments

2 amendments

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Sent to the Governor

  2. Passed Both Houses

  3. Senate Concurs

  4. House Floor Amendment No. 1 Senate Concurs 051-006-000

  5. House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt State Government; 007-000-000

  6. House Floor Amendment No. 1 Motion to Concur Assignments Referred to State Government

  7. House Floor Amendment No. 1 Motion to Concur Referred to Assignments

  8. House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Ram Villivalam

  9. Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 25, 2026

  10. Secretary's Desk - Concurrence House Amendment(s) 1

  11. Third Reading - Short Debate - Passed 073-026-000

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

  13. House Floor Amendment No. 1 Adopted by Voice Vote

  14. House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 008-000-000

  15. Added Alternate Chief Co-Sponsor Rep. Elizabeth "Lisa" Hernandez

  16. Added Alternate Chief Co-Sponsor Rep. Rick Ryan

  17. Added Alternate Chief Co-Sponsor Rep. Diane Blair-Sherlock

  18. Added Alternate Chief Co-Sponsor Rep. Marcus C. Evans, Jr.

  19. Held on Calendar Order of Second Reading - Short Debate

  20. Second Reading - Short Debate

  21. House Floor Amendment No. 1 Rules Refers to State Government Administration Committee

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

  23. House Floor Amendment No. 1 Filed with Clerk by Rep. Kevin John Olickal

  24. Placed on Calendar 2nd Reading - Short Debate

  25. Do Pass / Short Debate State Government Administration Committee; 008-000-000

  26. Committee Deadline Extended-Rule 9(b) May 15, 2026

  27. Assigned to State Government Administration Committee

  28. Referred to Rules Committee

  29. First Reading

  30. Chief House Sponsor Rep. Kevin John Olickal

  31. Arrived in House

  32. Third Reading - Passed; 047-007-000

  33. Rule 2-10 Third Reading Deadline Established As May 8, 2026

  34. Placed on Calendar Order of 3rd Reading April 17, 2026

  35. Second Reading

  36. Placed on Calendar Order of 2nd Reading April 16, 2026

  37. Do Pass as Amended State Government; 008-000-000

  38. Senate Committee Amendment No. 1 Adopted

  39. Rule 2-10 Committee Deadline Established As April 24, 2026

  40. Rule 2-10 Committee Deadline Established As March 27, 2026

  41. Senate Committee Amendment No. 1 Assignments Refers to State Government

  42. Senate Committee Amendment No. 1 Referred to Assignments

  43. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam

  44. Assigned to State Government

  45. Referred to Assignments

  46. First Reading

  47. Filed with Secretary by Sen. Ram Villivalam

Sponsors

Sponsorship breakdown

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2 sponsors · 4 co-sponsors · 177 not signed on · 35 voted No

Sponsors (2)

Co-sponsors (4)

Not signed on (177)

177 members have not signed on to this bill.

Show all 177 →

"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

Concurrence, Amendment 1

Passed 51 Yea · 6 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 3000
Democrat 35001
Republican 12601
Total 50602
% of votes cast 86%10%0%3%
How each member voted (58)
Member Party Vote
Simmons — Yea
Glowiak Hilton — Yea
Loughran Cappel — Yea
Bill Cunningham Democrat Yea
Celina Villanueva Democrat Yea
Christopher Belt Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Yea
Doris Turner Democrat Yea
Elgie R. Sims, Jr. Democrat Yea
Emil Jones, III Democrat Yea
Graciela Guzmán Democrat Yea
Gregg Johnson Democrat Yea
Javier L. Cervantes Democrat Yea
Julie A. Morrison Democrat Yea
Karina Villa Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura Ellman Democrat Yea
Laura Fine Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mark L. Walker Democrat Yea
Mary Edly-Allen Democrat Yea
Mattie Hunter Democrat Yea
Michael E. Hastings Democrat Yea
Michael W. Halpin Democrat Yea
Mike Porfirio Democrat Yea
Napoleon Harris III Democrat Yea
Omar Aquino Democrat Yea
Patrick J. Joyce Democrat Yea
Paul Faraci Democrat Yea
Rachel Ventura Democrat Yea
Ram Villivalam Democrat Yea
Robert F. Martwick Democrat Yea
Robert Peters Democrat Yea
Sara Feigenholtz Democrat Yea
Steve Stadelman Democrat Yea
Willie Preston Democrat Not Voting
Andrew S. Chesney Republican Nay
Chapin Rose Republican Yea
Chris Balkema Republican Nay
Craig Wilcox Republican Nay
Dale Fowler Republican Not Voting
Darby A. Hills Republican Yea
Dave Syverson Republican Nay
Donald P. DeWitte Republican Yea
Erica Harriss Republican Yea
Jason Plummer Republican Nay
Jil Tracy Republican Yea
John F. Curran Republican Yea
Li Arellano, Jr. Republican Yea
Neil Anderson Republican Nay
Sally J. Turner Republican Yea
Seth Lewis Republican Yea
Steve McClure Republican Yea
Sue Rezin Republican Yea
Terri Bryant Republican Yea

Official roll call →

State Government, Amendment 1

Passed 7 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Republican 2001
Democrat 5002
Total 7003
% of votes cast 70%0%0%30%
How each member voted (10)
Member Party Vote
Doris Turner Democrat Yea
Meg Loughran Cappel Democrat Yea
Michael W. Halpin Democrat Yea
Patrick J. Joyce Democrat Yea
Robert F. Martwick Democrat Yea
Steve Stadelman Democrat Not Voting
Willie Preston Democrat Not Voting
Donald P. DeWitte Republican Not Voting
Li Arellano, Jr. Republican Yea
Sally J. Turner Republican Yea

Official roll call →

Third Reading

Passed 73 Yea · 26 Nay · 19 Other
Party YeaNayPresentNot Voting
Democrat 610010
Republican 72606
Unaffiliated 4003
Total 7226019
% of votes cast 62%22%0%16%
How each member voted (117)
Member Party Vote
Du Buclet — Not Voting
Faver Dias — Yea
Hernandez, Lisa — Yea
Katz Muhl — Yea
La Ha — Yea
Williams, Jawaharial — Not Voting
Yang Rohr — Not Voting
Aarón M. Ortíz Democrat Not Voting
Abdelnasser Rashid Democrat Yea
Amy Briel Democrat Yea
Angelica Guerrero-Cuellar Democrat Not Voting
Ann M. Williams Democrat Yea
Anna Moeller Democrat Yea
Anne Stava Democrat Yea
Anthony DeLuca Democrat Yea
Barbara Hernandez Democrat Yea
Bob Morgan Democrat Yea
Camille Y. Lilly Democrat Yea
Carol Ammons Democrat Not Voting
Curtis J. Tarver, II Democrat Yea
Dagmara Avelar Democrat Yea
Daniel Didech Democrat Yea
Dave Vella Democrat Yea
Debbie Meyers-Martin Democrat Yea
Diane Blair-Sherlock Democrat Yea
Edgar González, Jr. Democrat Not Voting
Eva-Dina Delgado Democrat Yea
Fred Crespo Democrat Yea
Gregg Johnson Democrat Yea
Harry Benton Democrat Yea
Hoan Huynh Democrat Not Voting
Jaime M. Andrade, Jr. Democrat Not Voting
Jay Hoffman Democrat Yea
Jehan Gordon-Booth Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Joyce Mason Democrat Yea
Justin Cochran Democrat Yea
Justin Slaughter Democrat Yea
Kam Buckner Democrat Yea
Katie Stuart Democrat Yea
Kelly M. Cassidy Democrat Yea
Kevin John Olickal Democrat Yea
La Shawn K. Ford Democrat Yea
Lawrence "Larry" Walsh, Jr. Democrat Yea
Lilian Jiménez Democrat Yea
Lindsey LaPointe Democrat Yea
Lisa Davis Democrat Not Voting
Marcus C. Evans, Jr. Democrat Yea
Margaret A. DeLaRosa Democrat Yea
Margaret Croke Democrat Not Voting
Martha Deuter Democrat Yea
Mary Beth Canty Democrat Yea
Mary Gill Democrat Yea
Matt Hanson Democrat Yea
Maura Hirschauer Democrat Yea
Maurice A. West, II Democrat Yea
Michael Crawford Democrat Yea
Michael J. Kelly Democrat Yea
Michelle Mussman Democrat Yea
Nabeela Syed Democrat Yea
Natalie A. Manley Democrat Yea
Nicholas K. Smith Democrat Yea
Nicolle Grasse Democrat Yea
Norma Hernandez Democrat Yea
Rick Ryan Democrat Yea
Rita Mayfield Democrat Yea
Robert "Bob" Rita Democrat Yea
Robyn Gabel Democrat Yea
Sharon Chung Democrat Yea
Sonya M. Harper Democrat Yea
Stephanie A. Kifowit Democrat Yea
Sue Scherer Democrat Not Voting
Suzanne M. Ness Democrat Yea
Thaddeus Jones Democrat Not Voting
Theresa Mah Democrat Yea
Will Guzzardi Democrat Yea
William "Will" Davis Democrat Yea
Yolonda Morris Democrat Yea
Adam M. Niemerg Republican Nay
Amy Elik Republican Yea
Amy L. Grant Republican Nay
Blaine Wilhour Republican Nay
Brad Halbrook Republican Nay
Brad Stephens Republican Not Voting
Bradley Fritts Republican Nay
Brandun Schweizer Republican Yea
Charles Meier Republican Nay
Chris Miller Republican Nay
Christopher "C.D." Davidsmeyer Republican Nay
Dan Swanson Republican Nay
Daniel J. Ugaste Republican Nay
Dave Severin Republican Nay
David Friess Republican Nay
Dennis Tipsword Republican Not Voting
Jackie Haas Republican Nay
Jason R. Bunting Republican Nay
Jed Davis Republican Nay
Jeff Keicher Republican Not Voting
Jennifer Sanalitro Republican Yea
Joe C. Sosnowski Republican Not Voting
John M. Cabello Republican Nay
Kevin Schmidt Republican Yea
Kyle Moore Republican Nay
Martin McLaughlin Republican Yea
Michael J. Coffey, Jr. Republican Not Voting
Norine K. Hammond Republican Nay
Patrick Sheehan Republican Yea
Patrick Windhorst Republican Nay
Paul Jacobs Republican Nay
Regan Deering Republican Nay
Ryan Spain Republican Not Voting
Steven Reick Republican Yea
Tom Weber Republican Nay
Tony M. McCombie Republican Nay
Travis Weaver Republican Nay
Wayne A. Rosenthal Republican Nay
William E Hauter Republican Nay

Official roll call →

State Government Administration, Amendment 1

Passed 8 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 2001
Democrat 6000
Total 8001
% of votes cast 89%0%0%11%
How each member voted (9)
Member Party Vote
Diane Blair-Sherlock Democrat Yea
Laura Faver Dias Democrat Yea
Lisa Davis Democrat Yea
Michael Crawford Democrat Yea
Nicolle Grasse Democrat Yea
Rick Ryan Democrat Yea
Dan Swanson Republican Yea
Michael J. Coffey, Jr. Republican Yea
Wayne A. Rosenthal Republican Not Voting

Official roll call →

State Government Administration

Passed 8 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 2001
Democrat 6000
Total 8001
% of votes cast 89%0%0%11%
How each member voted (9)
Member Party Vote
Diane Blair-Sherlock Democrat Yea
Laura Faver Dias Democrat Yea
Lisa Davis Democrat Yea
Michael Crawford Democrat Yea
Nicolle Grasse Democrat Yea
Rick Ryan Democrat Yea
Dan Swanson Republican Yea
Michael J. Coffey, Jr. Republican Yea
Wayne A. Rosenthal Republican Not Voting

Official roll call →

Third Reading

Passed 47 Yea · 7 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 3000
Democrat 34002
Republican 9703
Total 46705
% of votes cast 79%12%0%9%
How each member voted (58)
Member Party Vote
Simmons — Yea
Glowiak Hilton — Yea
Loughran Cappel — Yea
Bill Cunningham Democrat Yea
Celina Villanueva Democrat Yea
Christopher Belt Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Yea
Doris Turner Democrat Yea
Elgie R. Sims, Jr. Democrat Yea
Emil Jones, III Democrat Yea
Graciela Guzmán Democrat Yea
Gregg Johnson Democrat Yea
Javier L. Cervantes Democrat Yea
Julie A. Morrison Democrat Yea
Karina Villa Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura Ellman Democrat Yea
Laura Fine Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mark L. Walker Democrat Yea
Mary Edly-Allen Democrat Yea
Mattie Hunter Democrat Yea
Michael E. Hastings Democrat Yea
Michael W. Halpin Democrat Yea
Mike Porfirio Democrat Yea
Napoleon Harris III Democrat Yea
Omar Aquino Democrat Yea
Patrick J. Joyce Democrat Yea
Paul Faraci Democrat Yea
Rachel Ventura Democrat Yea
Ram Villivalam Democrat Yea
Robert F. Martwick Democrat Not Voting
Robert Peters Democrat Not Voting
Sara Feigenholtz Democrat Yea
Steve Stadelman Democrat Yea
Willie Preston Democrat Yea
Andrew S. Chesney Republican Nay
Chapin Rose Republican Yea
Chris Balkema Republican Nay
Craig Wilcox Republican Not Voting
Dale Fowler Republican Yea
Darby A. Hills Republican Yea
Dave Syverson Republican Yea
Donald P. DeWitte Republican Not Voting
Erica Harriss Republican Yea
Jason Plummer Republican Nay
Jil Tracy Republican Yea
John F. Curran Republican Yea
Li Arellano, Jr. Republican Not Voting
Neil Anderson Republican Nay
Sally J. Turner Republican Nay
Seth Lewis Republican Yea
Steve McClure Republican Nay
Sue Rezin Republican Nay
Terri Bryant Republican Yea

Official roll call →

State Government

Passed 8 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Republican 2001
Democrat 6001
Total 8002
% of votes cast 80%0%0%20%
How each member voted (10)
Member Party Vote
Doris Turner Democrat Yea
Meg Loughran Cappel Democrat Yea
Michael W. Halpin Democrat Yea
Patrick J. Joyce Democrat Yea
Robert F. Martwick Democrat Not Voting
Steve Stadelman Democrat Yea
Willie Preston Democrat Yea
Donald P. DeWitte Republican Yea
Li Arellano, Jr. Republican Not Voting
Sally J. Turner Republican Yea

Official roll call →

Subjects

finance
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Frequently asked questions

Who sponsors SB 3086?
SB 3086 is sponsored by Ram Villivalam (Democrat), Kevin John Olickal (Democrat), Marcus C. Evans, Jr. (Democrat), Diane Blair-Sherlock (Democrat), Rick Ryan (Democrat), and Hernandez, Lisa.
What is the current status of SB 3086?
This bill has been sent to the executive. Introduced January 29, 2026. It awaits signature.
Where can I track SB 3086?
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