Illinois General Assembly - Bill Status for HB4923
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 Bill Status of HB4923  101st General Assembly


Short Description:  SECURE CHOICE SAVINGS OPTIONS

House Sponsors
Rep. Barbara Flynn Currie

Senate Sponsors
(Sen. Daniel Biss - Patricia Van Pelt and Cristina Castro)

Last Action
DateChamber Action
  11/28/2018HouseBill Dead - No Positive Action Taken - Amendatory Veto

Statutes Amended In Order of Appearance
820 ILCS 80/45
820 ILCS 80/65
820 ILCS 80/80


Synopsis As Introduced
Amends the Illinois Secure Choice Savings Program Act. Provides that an investment option may be a conservative fund rather than a conservative principal protection fund. Provides that the Illinois Secure Choice Savings Board may establish deadlines for payment of payroll deductions to the Fund. Provides for audits on a fiscal year basis rather than a calendar year basis and report by the following January rather than July. Requires the Treasurer to prepare annual reports on benefits provided by the Program and post the report on the Program website. Effective immediately.

House Floor Amendment No. 1
Provides that the audited financial report the Illinois Secure Choice Savings Board is required to submit annually to the General Assembly shall be filed electronically with the General Assembly as provided under the General Assembly Organization Act and shall be provided electronically to any member of the General Assembly upon request.

Governor Amendatory Veto Message
Recommends changes to the Illinois Secure Choice Savings Program Act. Makes employer participation in the Illinois Secure Choice Savings Program optional (rather than mandatory). (Adds reference to: 820 ILCS 80/60)

Actions 
DateChamber Action
  2/14/2018HouseFiled with the Clerk by Rep. Barbara Flynn Currie
  2/14/2018HouseFirst Reading
  2/14/2018HouseReferred to Rules Committee
  3/7/2018HouseAssigned to Personnel & Pensions Committee
  4/12/2018HouseDo Pass / Short Debate Personnel & Pensions Committee; 009-000-000
  4/13/2018HousePlaced on Calendar 2nd Reading - Short Debate
  4/17/2018HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Barbara Flynn Currie
  4/17/2018HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/17/2018HouseSecond Reading - Short Debate
  4/17/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/18/2018HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000
  4/18/2018HouseRecalled to Second Reading - Short Debate
  4/18/2018HouseHouse Floor Amendment No. 1 Adopted
  4/18/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/19/2018HouseThird Reading - Short Debate - Passed 111-000-000
  4/23/2018SenateArrive in Senate
  4/23/2018SenatePlaced on Calendar Order of First Reading
  4/23/2018SenateChief Senate Sponsor Sen. Daniel Biss
  4/23/2018SenateFirst Reading
  4/23/2018SenateReferred to Assignments
  5/1/2018SenateAssigned to State Government
  5/10/2018SenateDo Pass State Government; 006-000-000
  5/10/2018SenatePlaced on Calendar Order of 2nd Reading May 15, 2018
  5/10/2018SenateAdded as Alternate Chief Co-Sponsor Sen. Patricia Van Pelt
  5/16/2018SenateSecond Reading
  5/16/2018SenatePlaced on Calendar Order of 3rd Reading May 17, 2018
  5/17/2018SenateThird Reading - Passed; 052-000-000
  5/17/2018HousePassed Both Houses
  5/29/2018SenateAdded as Alternate Co-Sponsor Sen. Cristina Castro
  6/15/2018HouseSent to the Governor
  8/14/2018HouseGovernor Amendatory Veto
  11/13/2018HousePlaced on Calendar Amendatory Veto
  11/28/2018HouseBill Dead - No Positive Action Taken - Amendatory Veto

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