104th General Assembly

HB 1700

Funds-community reinvestment

Funds-Community Reinvestment

Sent To Executive

Jurisdiction

Illinois

Session

104th General Assembly

Official source

Chamber

lower

Session

104th General Assembly

Jurisdiction

Illinois

Bill overview

Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Provides that the State Treasurer or any public agency may consider the current and historical ratings that a financial institution has received under the Illinois Community Reinvestment Act when deciding whether to deposit State or public funds in that financial institution. Provides that, effective January 1, 2026, no State or public funds may be deposited in a financial institution subject to the Illinois Community Reinvestment Act unless either (i) the institution has a current rating of satisfactory or outstanding under the Illinois Community Reinvestment Act or (ii) the Department of Financial and Professional Regulation has not yet completed its initial examination of the institution pursuant to the Illinois Community Reinvestment Act. Makes conforming changes. Effective January 1, 2026.

Positions across the state

No public positions recorded for this legislation.

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Arguments opposed

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Legislative history

2025-01-24House

Filed with the Clerk by Rep. Kimberly Du Buclet

2025-01-28House

First Reading

2025-01-28House

Referred to Rules Committee

2025-02-18House

Assigned to Financial Institutions and Licensing Committee

Passage without roll call

The official record shows passage by unanimous consent or voice vote where no roll call was taken. No member-level tally is available for these steps, and the district map does not apply.

3/4/2025HouseVoice vote
House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote
No roll-call vote on record for this action.

Vote map

Senate districts

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Nay

Yea

Floor votes and chamber actions

Recorded roll calls list how each member voted. Unanimous consent or voice vote appears in the official action history without a roll call; no member-level tally is available for those steps.

Passage without roll call

3/4/2025HouseVoice vote
House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote
No roll-call vote on record for this action.

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HB 1700

Bill overview

Sponsors

Primary sponsors

Cosponsors

Positions across the state

Arguments in favor

Arguments opposed

Passage without roll call

Vote map

Floor votes and chamber actions

Passage without roll call

Bill text

Positions across the state

Passage without roll call

Vote map

Floor votes and chamber actions

Passage without roll call

Recorded roll calls