Illinois 104th General Assembly Status: Introduced Bipartisan · 15 D · 4 R cosponsors

SB2982      — $DCEO-GRANT-EMPLOYEE OWNERS

Last action — Pursuant to Senate Rule 3-9(b) / Referred to Assignments

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

This bill has been introduced in the Senate. Introduced January 29, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Advancing 34% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • Introduced

    Current position in the legislative process.

  • 19 sponsors

    1 primary, 18 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (15 D · 4 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

Appropriates funds to support employee ownership education and transitions for small businesses in Illinois.

This bill allocates $700,000 to the Illinois Center for Employee Ownership to enhance education and support for small businesses considering employee ownership. The goal is to facilitate smoother transitions to employee ownership models.

What this means for you
  • Workers: This could provide workers with opportunities to become owners of their companies through employee ownership transitions.
  • Small Business: This means small businesses in Illinois can access resources to consider employee ownership when planning succession.

Summary

Appropriates $700,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to the Illinois Center for Employee Ownership for the purpose of expanding education, outreach, and technical assistance related to employee ownership transitions and supporting small businesses in evaluating and pursuing succession through employee ownership. Effective July 1, 2026.

Bill Text

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

Read SB2982 on the official Illinois source →

Action History

  1. Pursuant to Senate Rule 3-9(b) / Referred to Assignments

  2. Added as Co-Sponsor Sen. Ram Villivalam

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

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

  5. Added as Co-Sponsor Sen. Mattie Hunter

  6. Added as Co-Sponsor Sen. Meg Loughran Cappel

  7. Added as Co-Sponsor Sen. Suzy Glowiak Hilton

  8. Added as Co-Sponsor Sen. Rachel Ventura

  9. Added as Co-Sponsor Sen. Chris Balkema

  10. Added as Co-Sponsor Sen. Javier L. Cervantes

  11. Added as Co-Sponsor Sen. Sara Feigenholtz

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

  13. Added as Co-Sponsor Sen. Craig Wilcox

  14. Added as Co-Sponsor Sen. Mike Porfirio

  15. Added as Co-Sponsor Sen. Seth Lewis

  16. Added as Co-Sponsor Sen. Jil Tracy

  17. Added as Co-Sponsor Sen. Cristina Castro

  18. Added as Co-Sponsor Sen. Laura Fine

  19. Added as Co-Sponsor Sen. Bill Cunningham

  20. Added as Co-Sponsor Sen. Adriane L. Johnson

  21. Added as Co-Sponsor Sen. Emil Jones, III

  22. Assigned to Appropriations

  23. Referred to Assignments

  24. First Reading

  25. Filed with Secretary by Sen. Lakesia Collins

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 18 co-sponsors · 164 not signed on

Sponsors (1)

Co-sponsors (18)

Not signed on (164)

164 members have not signed on to this bill.

Show all 164 →

"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

labor education
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 SB2982      do?
Appropriates $700,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to the Illinois Center for Employee Ownership for the purpose of expanding education, outreach, and technical assistance related to employee ownership transitions and supporting small businesses in evaluating and pursuing succession through employee ownership. Effective July 1, 2026.
Who sponsors SB2982     ?
SB2982      is sponsored by Lakesia Collins (Democrat), Emil Jones, III (Democrat), Adriane L. Johnson (Democrat), Bill Cunningham (Democrat), Laura Fine (Democrat), Cristina Castro (Democrat), Jil Tracy (Republican), Seth Lewis (Republican), Mike Porfirio (Democrat), Craig Wilcox (Republican), Sara Feigenholtz (Democrat), Javier L. Cervantes (Democrat), Chris Balkema (Republican), Rachel Ventura (Democrat), Suzy Glowiak Hilton (Democrat), Meg Loughran Cappel (Democrat), Mattie Hunter (Democrat), Laura M. Murphy (Democrat), and Ram Villivalam (Democrat).
What is the current status of SB2982     ?
This bill has been introduced in the Senate. Introduced January 29, 2026. It must pass committee before a floor vote.
Where can I track SB2982     ?
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Last checked for changes about 2 months ago · updated continuously

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