SB3086 — STATE PERMITTED INVESTMENTS
Last action — Public Act . . . . . . . . . 104-0853
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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5To Executive
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6Enacted
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
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To Executive
Current position in the legislative process.
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6 sponsors
1 primary, 5 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 D).
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Cleared a recorded vote
Passed 7 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
In plain language
The bill allows state funds to be invested in certain private placement securities.
The bill amends the Deposit of State Moneys Act to enable the State Treasurer to invest in private placement fixed income securities under specific conditions. This investment option is exempt from certain registration requirements of the SEC.
Summary
Amends the Deposit of State Moneys Act. Provides that the State Treasurer may invest or reinvest any State money in private placement fixed income securities that are exempt from the registration requirements of the Securities and Exchange Commission if specified conditions are satisfied. Effective immediately.
Bill Text
We don't have the full text on file for this bill yet.
Read SB3086 on the official Illinois source →Action History
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Public Act . . . . . . . . . 104-0853
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Effective Date August 25, 2026
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Governor Approved
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Sent to the Governor
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Passed Both Houses
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Senate Concurs
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House Floor Amendment No. 1 Senate Concurs 051-006-000
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House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt State Government; 007-000-000
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House Floor Amendment No. 1 Motion to Concur Assignments Referred to State Government
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House Floor Amendment No. 1 Motion to Concur Referred to Assignments
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House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Ram Villivalam
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Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 25, 2026
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Secretary's Desk - Concurrence House Amendment(s) 1
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Third Reading - Short Debate - Passed 073-026-000
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Placed on Calendar Order of 3rd Reading - Short Debate
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House Floor Amendment No. 1 Adopted by Voice Vote
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House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 008-000-000
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Added Alternate Chief Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
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Added Alternate Chief Co-Sponsor Rep. Rick Ryan
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Added Alternate Chief Co-Sponsor Rep. Diane Blair-Sherlock
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Added Alternate Chief Co-Sponsor Rep. Marcus C. Evans, Jr.
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Held on Calendar Order of Second Reading - Short Debate
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Second Reading - Short Debate
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House Floor Amendment No. 1 Rules Refers to State Government Administration Committee
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House Floor Amendment No. 1 Referred to Rules Committee
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House Floor Amendment No. 1 Filed with Clerk by Rep. Kevin John Olickal
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Placed on Calendar 2nd Reading - Short Debate
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Do Pass / Short Debate State Government Administration Committee; 008-000-000
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Committee Deadline Extended-Rule 9(b) May 15, 2026
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Assigned to State Government Administration Committee
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Referred to Rules Committee
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First Reading
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Chief House Sponsor Rep. Kevin John Olickal
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Arrived in House
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Third Reading - Passed; 047-007-000
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Rule 2-10 Third Reading Deadline Established As May 8, 2026
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Placed on Calendar Order of 3rd Reading April 17, 2026
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Second Reading
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Placed on Calendar Order of 2nd Reading April 16, 2026
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Do Pass as Amended State Government; 008-000-000
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Senate Committee Amendment No. 1 Adopted
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Rule 2-10 Committee Deadline Established As April 24, 2026
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Rule 2-10 Committee Deadline Established As March 27, 2026
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Senate Committee Amendment No. 1 Assignments Refers to State Government
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Senate Committee Amendment No. 1 Referred to Assignments
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Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam
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Assigned to State Government
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Referred to Assignments
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First Reading
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Filed with Secretary by Sen. Ram Villivalam
Sponsors
- Kevin John Olickal · Cosponsor
- Jr. Marcus C. Evans · Cosponsor
- Diane Blair-Sherlock · Cosponsor
- Rick Ryan · Cosponsor
- Ram Villivalam · Primary
- Lisa Hernandez · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 5 co-sponsors · 177 not signed on · 34 voted No
Sponsors (1)
- Ram Villivalam Democrat
Co-sponsors (5)
- Kevin John Olickal
- Marcus C. Evans, Jr.
- Diane Blair-Sherlock
- Rick Ryan
- Hernandez, Lisa
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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 12 | 6 | 0 | 1 |
| Democrat | 33 | 0 | 0 | 1 |
| Unaffiliated | 5 | 0 | 0 | 0 |
| Total | 50 | 6 | 0 | 2 |
| % of votes cast | 86% | 10% | 0% | 3% |
How each member voted (58)
| Member | Party | Vote |
|---|---|---|
| Simmons | — | Yea |
| Harris, N. | — | Yea |
| Johnson | — | 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 |
| 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 |
| 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 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 2 | 0 | 0 | 1 |
| Democrat | 5 | 0 | 0 | 2 |
| Total | 7 | 0 | 0 | 3 |
| % 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 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 60 | 0 | 0 | 10 |
| Republican | 7 | 25 | 0 | 6 |
| Unaffiliated | 5 | 1 | 0 | 3 |
| Total | 72 | 26 | 0 | 19 |
| % of votes cast | 62% | 22% | 0% | 16% |
How each member voted (117)
| Member | Party | Vote |
|---|---|---|
| Jacobs | — | Nay |
| Johnson | — | Yea |
| Jones | — | Not Voting |
| Du Buclet | — | Not Voting |
| Faver Dias | — | Yea |
| Hernandez, Lisa | — | Yea |
| Katz Muhl | — | Yea |
| La Ha | — | Yea |
| 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 |
| Harry Benton | Democrat | Yea |
| Hoan Huynh | Democrat | Not Voting |
| Jaime M. Andrade, Jr. | Democrat | Not Voting |
| Jawaharial Williams | 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 |
| 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 |
| 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 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 6 | 0 | 0 | 0 |
| Republican | 2 | 0 | 0 | 1 |
| Total | 8 | 0 | 0 | 1 |
| % 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 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 6 | 0 | 0 | 0 |
| Republican | 2 | 0 | 0 | 1 |
| Total | 8 | 0 | 0 | 1 |
| % 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 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 9 | 7 | 0 | 3 |
| Democrat | 32 | 0 | 0 | 2 |
| Unaffiliated | 5 | 0 | 0 | 0 |
| Total | 46 | 7 | 0 | 5 |
| % of votes cast | 79% | 12% | 0% | 9% |
How each member voted (58)
| Member | Party | Vote |
|---|---|---|
| Simmons | — | Yea |
| Harris, N. | — | Yea |
| Johnson | — | 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 |
| 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 |
| 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 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 2 | 0 | 0 | 1 |
| Democrat | 6 | 0 | 0 | 1 |
| Total | 8 | 0 | 0 | 2 |
| % 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 |
Subjects
Frequently asked questions
- What does SB3086 do?
- Amends the Deposit of State Moneys Act. Provides that the State Treasurer may invest or reinvest any State money in private placement fixed income securities that are exempt from the registration requirements of the Securities and Exchange Commission if specified conditions are satisfied. Effective immediately.
- Who sponsors SB3086 ?
- SB3086 is sponsored by Kevin John Olickal, Marcus C. Evans, Jr., Diane Blair-Sherlock, Rick Ryan, Ram Villivalam (Democrat), and Hernandez, Lisa.
- What is the current status of SB3086 ?
- This bill has been sent to the executive. Introduced January 29, 2026. It awaits signature.
- Where can I track SB3086 ?
- Track SB3086 free on One Click Politics — get push/email alerts when it moves.
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