Illinois 104th General Assembly Status: To Executive 16 D cosponsors

HB4273      — CORPORATE OPPORTUNITIES

Last action — Public Act . . . . . . . . . 104-0752

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

This bill has been sent to the executive. Introduced January 05, 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.

  • 28 sponsors

    1 primary, 27 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (16 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 restricts corporate fiduciaries from seizing business opportunities without approval from their corporation.

This bill amends the Business Corporation Act to require that directors and other fiduciaries must first offer corporate opportunities to their corporation. If the corporation declines the opportunity through a disinterested board or shareholder vote, then the fiduciary can pursue it.

Summary

Amends the Business Corporation Act of 1983. Provides that, subject to any contrary provision in the articles of incorporation of a corporation, a director, officer, key employee, or other fiduciary of the corporation shall not take advantage of a corporate opportunity unless the person first tenders the opportunity to the corporation and the corporation rejects the opportunity. Provides that, if the rejection is by a disinterested board of directors or by disinterested shareholder action, the director, officer, key employee, or other fiduciary of the corporation may then take advantage of the opportunity. Effective immediately.

Bill Text

We don't have the full text on file for this bill yet.

Read HB4273 on the official Illinois source →

Action History

  1. Public Act . . . . . . . . . 104-0752

  2. Effective Date July 1, 2027

  3. Governor Approved

  4. Sent to the Governor

  5. Added as Alternate Co-Sponsor Sen. Christopher Belt

  6. Added as Alternate Co-Sponsor Sen. Suzy Glowiak Hilton

  7. Added as Alternate Co-Sponsor Sen. Mary Edly-Allen

  8. Added as Alternate Co-Sponsor Sen. Michael W. Halpin

  9. Added as Alternate Co-Sponsor Sen. Elgie R. Sims, Jr.

  10. Added Co-Sponsor Rep. Lilian Jiménez

  11. Added Co-Sponsor Rep. Norma Hernandez

  12. Added Co-Sponsor Rep. Barbara Hernandez

  13. Added Co-Sponsor Rep. Justin Cochran

  14. Passed Both Houses

  15. Added Co-Sponsor Rep. Kelly M. Cassidy

  16. Added Co-Sponsor Rep. Janet Yang Rohr

  17. Added Co-Sponsor Rep. Debbie Meyers-Martin

  18. Added Co-Sponsor Rep. Suzanne M. Ness

  19. Added Chief Co-Sponsor Rep. Jawaharial Williams

  20. House Concurs

  21. Senate Floor Amendment No. 1 House Concurs 072-038-000

  22. Added Co-Sponsor Rep. Michelle Mussman

  23. Added Co-Sponsor Rep. Dagmara Avelar

  24. Added Co-Sponsor Rep. Aarón M. Ortíz

  25. Added Co-Sponsor Rep. Bob Morgan

  26. Added Co-Sponsor Rep. Rita Mayfield

  27. Added Co-Sponsor Rep. Maura Hirschauer

  28. Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Executive Committee; 008-004-000

  29. Senate Floor Amendment No. 1 Motion to Concur Rules Referred to Executive Committee

  30. Senate Floor Amendment No. 1 Motion Filed Concur Rep. Thaddeus Jones

  31. Chief Sponsor Changed to Rep. Thaddeus Jones

  32. Added as Alternate Co-Sponsor Sen. Sara Feigenholtz

  33. Added as Alternate Co-Sponsor Sen. Rachel Ventura

  34. Added as Alternate Chief Co-Sponsor Sen. Meg Loughran Cappel

  35. Added as Alternate Chief Co-Sponsor Sen. Cristina Castro

  36. Added as Alternate Chief Co-Sponsor Sen. Doris Turner

  37. Placed on Calendar Order of Concurrence Senate Amendment(s) 1

  38. Arrived in House

  39. Third Reading - Passed; 043-014-001

  40. Placed on Calendar Order of 3rd Reading

  41. Senate Floor Amendment No. 1 Adopted; Hastings

  42. Recalled to Second Reading

  43. Senate Floor Amendment No. 1 Recommend Do Adopt Insurance; 009-003-000

  44. Added as Alternate Chief Co-Sponsor Sen. Mike Porfirio

  45. Placed on Calendar Order of 3rd Reading May 13, 2026

  46. Second Reading

  47. Senate Floor Amendment No. 1 Assignments Refers to Insurance

  48. Senate Floor Amendment No. 1 Referred to Assignments

  49. Senate Floor Amendment No. 1 Filed with Secretary by Sen. Michael E. Hastings

  50. Placed on Calendar Order of 2nd Reading May 7, 2026

  51. Do Pass Judiciary; 009-000-000

  52. Assigned to Judiciary

  53. Referred to Assignments

  54. First Reading

  55. Chief Senate Sponsor Sen. Michael E. Hastings

  56. Placed on Calendar Order of First Reading

  57. Arrive in Senate

  58. Third Reading - Standard Debate - Passed 073-037-000

  59. Placed on Calendar Order of 3rd Reading - Standard Debate

  60. Chair Rules Standard Debate

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

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

  63. Second Reading - Short Debate

  64. Placed on Calendar 2nd Reading - Short Debate

  65. Do Pass / Short Debate Judiciary - Civil Committee; 013-007-000

  66. Assigned to Judiciary - Civil Committee

  67. Referred to Rules Committee

  68. First Reading

  69. Filed with the Clerk by Rep. Daniel Didech

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 27 co-sponsors · 155 not signed on · 53 voted No

Sponsors (1)

Co-sponsors (27)

Not signed on (155)

155 members have not signed on to this bill.

Show all 155 →

"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

Passed 72 Yea · 38 Nay
Party YeaNayPresentNot Voting
Democrat 70104
Republican 03603
Unaffiliated 1101
Total 713808
% of votes cast 61%32%0%7%
How each member voted (117)
Member Party Vote
Jacobs — Nay
Johnson — Yea
Hernandez, Lisa — Not Voting
Aarón M. Ortíz Democrat Yea
Abdelnasser Rashid Democrat Yea
Amy Briel Democrat Yea
Angelica Guerrero-Cuellar Democrat Yea
Ann M. Williams Democrat Yea
Anna Moeller Democrat Yea
Anne Stava Democrat Yea
Anthony DeLuca Democrat Not Voting
Barbara Hernandez Democrat Yea
Bob Morgan Democrat Yea
Camille Y. Lilly Democrat Yea
Carol Ammons Democrat Yea
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 Yea
Eva-Dina Delgado Democrat Yea
Fred Crespo Democrat Yea
Harry Benton Democrat Yea
Hoan Huynh Democrat Yea
Jaime M. Andrade, Jr. Democrat Not Voting
Janet Yang Rohr Democrat Yea
Jawaharial Williams Democrat Yea
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
Kimberly Du Buclet Democrat Yea
La Shawn K. Ford Democrat Not Voting
Laura Faver Dias Democrat Yea
Lawrence "Larry" Walsh, Jr. Democrat Yea
Lilian Jiménez Democrat Yea
Lindsey LaPointe Democrat Yea
Lisa Davis Democrat Yea
Marcus C. Evans, Jr. Democrat Not Voting
Margaret A. DeLaRosa Democrat Yea
Margaret Croke Democrat Yea
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 Nay
Sonya M. Harper Democrat Yea
Stephanie A. Kifowit Democrat Yea
Sue Scherer Democrat Yea
Suzanne M. Ness Democrat Yea
Thaddeus Jones Democrat Yea
Theresa Mah Democrat Yea
Tracy Katz Muhl Democrat Yea
Will Guzzardi Democrat Yea
William "Will" Davis Democrat Yea
Yolonda Morris Democrat Yea
Adam M. Niemerg Republican Nay
Amy Elik Republican Nay
Amy L. Grant Republican Nay
Blaine Wilhour Republican Not Voting
Brad Halbrook Republican Nay
Brad Stephens Republican Nay
Bradley Fritts Republican Nay
Brandun Schweizer Republican Nay
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 Nay
Jackie Haas Republican Not Voting
Jason R. Bunting Republican Nay
Jed Davis Republican Nay
Jeff Keicher Republican Nay
Jennifer Sanalitro Republican Nay
Joe C. Sosnowski Republican Nay
John M. Cabello Republican Nay
Kevin Schmidt Republican Nay
Kyle Moore Republican Nay
Martin McLaughlin Republican Nay
Michael J. Coffey, Jr. Republican Nay
Nicole La Ha Republican Nay
Norine K. Hammond Republican Nay
Patrick Sheehan Republican Nay
Patrick Windhorst Republican Nay
Regan Deering Republican Nay
Ryan Spain Republican Nay
Steven Reick Republican Nay
Tom Weber Republican Nay
Tony M. McCombie Republican Nay
Travis Weaver Republican Nay
Wayne A. Rosenthal Republican Not Voting
William E Hauter Republican Nay

Official roll call →

Executive

Passed 8 Yea · 4 Nay
Party YeaNayPresentNot Voting
Democrat 8000
Republican 0400
Total 8400
% of votes cast 67%33%0%0%
How each member voted (12)
Member Party Vote
Ann M. Williams Democrat Yea
Dagmara Avelar Democrat Yea
Elizabeth "Lisa" Hernandez Democrat Yea
Jehan Gordon-Booth Democrat Yea
Maurice A. West, II Democrat Yea
Nicholas K. Smith Democrat Yea
Robert "Bob" Rita Democrat Yea
Theresa Mah Democrat Yea
Christopher "C.D." Davidsmeyer Republican Nay
Jeff Keicher Republican Nay
Norine K. Hammond Republican Nay
Ryan Spain Republican Nay

Official roll call →

Third Reading

Passed 43 Yea · 14 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 31402
Democrat 38000
Unaffiliated 1000
Total 421402
% of votes cast 72%24%0%3%
How each member voted (58)
Member Party Vote
Johnson — 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
Graciela Guzmán 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
Meg Loughran Cappel Democrat Yea
Michael E. Hastings Democrat Yea
Michael W. Halpin Democrat Yea
Mike Porfirio Democrat Yea
Mike Simmons 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
Suzy Glowiak Hilton Democrat Yea
Thaddeus Jones Democrat Yea
Willie Preston Democrat Yea
Andrew S. Chesney Republican Nay
Chapin Rose Republican Nay
Chris Balkema Republican Nay
Craig Wilcox Republican Yea
Dale Fowler Republican Nay
Darby A. Hills Republican Yea
Dave Syverson Republican Nay
Donald P. DeWitte Republican Nay
Erica Harriss Republican Yea
Jason Plummer Republican Nay
Jil Tracy Republican Nay
John F. Curran Republican Nay
Li Arellano, Jr. Republican Nay
Neil Anderson Republican Nay
Sally J. Turner Republican Nay
Seth Lewis Republican Not Voting
Steve McClure Republican Nay
Sue Rezin Republican Not Voting
Terri Bryant Republican Nay

Official roll call →

Insurance

Passed 9 Yea · 3 Nay · 2 Other
Party YeaNayPresentNot Voting
Republican 0302
Democrat 9000
Total 9302
% of votes cast 64%21%0%14%
How each member voted (14)
Member Party Vote
Bill Cunningham Democrat Yea
Cristina Castro Democrat Yea
Julie A. Morrison Democrat Yea
Laura Ellman Democrat Yea
Laura Fine Democrat Yea
Mark L. Walker Democrat Yea
Mike Porfirio Democrat Yea
Suzy Glowiak Hilton Democrat Yea
Willie Preston Democrat Yea
Chapin Rose Republican Nay
Dave Syverson Republican Nay
Jason Plummer Republican Not Voting
Neil Anderson Republican Not Voting
Steve McClure Republican Nay

Official roll call →

Third Reading

Passed 73 Yea · 37 Nay
Party YeaNayPresentNot Voting
Democrat 69006
Republican 13602
Unaffiliated 2100
Total 723708
% of votes cast 62%32%0%7%
How each member voted (117)
Member Party Vote
Jacobs — Nay
Johnson — Yea
Hernandez, Lisa — Yea
Aarón M. Ortíz Democrat Yea
Abdelnasser Rashid Democrat Yea
Amy Briel Democrat Yea
Angelica Guerrero-Cuellar Democrat Yea
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 Not Voting
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 Yea
Eva-Dina Delgado Democrat Yea
Fred Crespo Democrat Yea
Harry Benton Democrat Yea
Hoan Huynh Democrat Not Voting
Jaime M. Andrade, Jr. Democrat Not Voting
Janet Yang Rohr Democrat Yea
Jawaharial Williams Democrat Yea
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
Kimberly Du Buclet Democrat Yea
La Shawn K. Ford Democrat Yea
Laura Faver Dias Democrat Yea
Lawrence "Larry" Walsh, Jr. Democrat Yea
Lilian Jiménez Democrat Yea
Lindsey LaPointe Democrat Yea
Lisa Davis Democrat Yea
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 Not Voting
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 Yea
Suzanne M. Ness Democrat Yea
Thaddeus Jones Democrat Yea
Theresa Mah Democrat Yea
Tracy Katz Muhl Democrat Yea
Will Guzzardi Democrat Yea
William "Will" Davis Democrat Yea
Yolonda Morris Democrat Yea
Adam M. Niemerg Republican Nay
Amy Elik Republican Nay
Amy L. Grant Republican Not Voting
Blaine Wilhour Republican Nay
Brad Halbrook Republican Nay
Brad Stephens Republican Nay
Bradley Fritts Republican Nay
Brandun Schweizer Republican Nay
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 Nay
Jackie Haas Republican Nay
Jason R. Bunting Republican Nay
Jed Davis Republican Nay
Jeff Keicher Republican Yea
Jennifer Sanalitro Republican Nay
Joe C. Sosnowski Republican Nay
John M. Cabello Republican Nay
Kevin Schmidt Republican Nay
Kyle Moore Republican Nay
Martin McLaughlin Republican Nay
Michael J. Coffey, Jr. Republican Nay
Nicole La Ha Republican Nay
Norine K. Hammond Republican Nay
Patrick Sheehan Republican Nay
Patrick Windhorst Republican Nay
Regan Deering Republican Nay
Ryan Spain Republican Nay
Steven Reick Republican Nay
Tom Weber Republican Nay
Tony M. McCombie Republican Nay
Travis Weaver Republican Nay
Wayne A. Rosenthal Republican Not Voting
William E Hauter Republican Nay

Official roll call →

Judiciary

Passed 13 Yea · 7 Nay
Party YeaNayPresentNot Voting
Democrat 13000
Republican 0700
Total 13700
% of votes cast 65%35%0%0%
How each member voted (20)
Member Party Vote
Angelica Guerrero-Cuellar Democrat Yea
Ann M. Williams Democrat Yea
Bob Morgan Democrat Yea
Daniel Didech Democrat Yea
Dave Vella Democrat Yea
Eva-Dina Delgado Democrat Yea
Jay Hoffman Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Kevin John Olickal Democrat Yea
Lilian Jiménez Democrat Yea
Mary Beth Canty Democrat Yea
Theresa Mah Democrat Yea
Tracy Katz Muhl Democrat Yea
Bradley Fritts Republican Nay
Daniel J. Ugaste Republican Nay
David Friess Republican Nay
Jed Davis Republican Nay
Martin McLaughlin Republican Nay
Steven Reick Republican Nay
Tom Weber Republican Nay

Official roll call →

Subjects

finance labor
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Frequently asked questions

What does HB4273      do?
Amends the Business Corporation Act of 1983. Provides that, subject to any contrary provision in the articles of incorporation of a corporation, a director, officer, key employee, or other fiduciary of the corporation shall not take advantage of a corporate opportunity unless the person first tenders the opportunity to the corporation and the corporation rejects the opportunity. Provides that, if the rejection is by a disinterested board of directors or by disinterested shareholder action, the director, officer, key employee, or other fiduciary of the corporation may then take advantage of the opportunity. Effective immediately.
Who sponsors HB4273     ?
HB4273      is sponsored by Michael E. Hastings, Mike Porfirio, Doris Turner, Cristina Castro, Rachel Ventura, Sara Feigenholtz, Elgie R. Sims, Jr., Michael W. Halpin, Mary Edly-Allen, Christopher Belt, Thaddeus Jones (Democrat), Jawaharial Williams (Democrat), Maura Hirschauer (Democrat), Rita Mayfield (Democrat), Bob Morgan (Democrat), Aarón M. Ortíz (Democrat), Dagmara Avelar (Democrat), Michelle Mussman (Democrat), Suzanne M. Ness (Democrat), Debbie Meyers-Martin (Democrat), Janet Yang Rohr (Democrat), Kelly M. Cassidy (Democrat), Justin Cochran (Democrat), Barbara Hernandez (Democrat), Norma Hernandez (Democrat), Lilian Jiménez (Democrat), Loughran Cappel, and Glowiak Hilton.
What is the current status of HB4273     ?
This bill has been sent to the executive. Introduced January 05, 2026. It awaits signature.
Where can I track HB4273     ?
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