Illinois 104th Regular Session Status: In Committee Bipartisan · 5 D · 2 R cosponsors

SB 148 — HOME BUYER SAVINGS ACCOUNT ACT

Last action — Added as Chief Co-Sponsor Sen. David Koehler

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

This bill is in committee in the Senate. Introduced January 17, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 42% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 7 sponsors

    1 primary, 6 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (5 D · 2 R) — cross-party backing.

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 establishes home buyer savings accounts for future home purchases.

This legislation allows individuals to create savings accounts specifically for buying a home. It aims to help first-time home buyers save money for down payments and related costs.

What this means for you
  • Families: This means families can save money more effectively for a future home purchase.
  • Consumers: Consumers have a new option for saving specifically for down payments and other home buying costs.

Bill Text

Action History

  1. Added as Chief Co-Sponsor Sen. David Koehler

  2. Rule 3-9(a) / Re-referred to Assignments

  3. Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026

  4. Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026

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

  6. Re-assigned to Revenue

  7. Rule 3-9(a) / Re-referred to Assignments

  8. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

  9. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

  10. Added as Co-Sponsor Sen. Mike Porfirio

  11. Added as Co-Sponsor Sen. Paul Faraci

  12. Added as Co-Sponsor Sen. Chris Balkema

  13. Rule 2-10 Committee Deadline Established As May 9, 2025

  14. Rule 2-10 Committee Deadline Established As April 11, 2025

  15. Added as Co-Sponsor Sen. Laura M. Murphy

  16. Added as Co-Sponsor Sen. Andrew S. Chesney

  17. Assigned to Revenue

  18. Referred to Assignments

  19. First Reading

  20. Filed with Secretary by Sen. Cristina Castro

Sponsors

Sponsorship breakdown

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1 sponsors · 6 co-sponsors · 176 not signed on

Sponsors (1)

Co-sponsors (6)

Not signed on (176)

176 members have not signed on to this bill.

Show all 176 →

"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

Subjects

finance housing
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

Who sponsors SB 148?
SB 148 is sponsored by Cristina Castro (Democrat), David Koehler (Democrat), Andrew S. Chesney (Republican), Laura M. Murphy (Democrat), Chris Balkema (Republican), Paul Faraci (Democrat), and Mike Porfirio (Democrat).
What is the current status of SB 148?
This bill is in committee in the Senate. Introduced January 17, 2025. It must pass committee before a floor vote.
Where can I track SB 148?
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Last checked for changes 3 months ago · updated continuously

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