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HB2568 - 104th General Assembly
TRUST CODE-UNCLAIMED PROPERTY
Last Action
House Sponsors
Rep. Tracy Katz Muhl - Kelly M. Cassidy - Theresa Mah - Kam Buckner - Eva-Dina Delgado, Jennifer Gong-Gershowitz, Michelle Mussman, Nicolle Grasse, Anne Stava, Mary Beth Canty, Daniel Didech, Robyn Gabel, Margaret Croke, Will Guzzardi, Dagmara Avelar, Ann M. Williams, Amy Briel, Hoan Huynh, Barbara Hernandez, Bob Morgan, Aarón M. Ortíz, Marcus C. Evans, Jr., Jehan Gordon-Booth, Lilian Jiménez, Joyce Mason, Kevin John Olickal, Sharon Chung, Laura Faver Dias, Elizabeth "Lisa" Hernandez, Norma Hernandez, Maura Hirschauer, Camille Y. Lilly, Jaime M. Andrade, Jr., Lisa Davis, Edgar González, Jr., Gregg Johnson, Anna Moeller, Lindsey LaPointe, Michael Crawford, Diane Blair-Sherlock and Martha DeuterSenate Sponsors
(Sen. Don Harmon - Celina Villanueva - Sara Feigenholtz, Mary Edly-Allen, Michael W. Halpin, David Koehler, Mike Simmons, Adriane Johnson, Robert Peters, Laura Fine, Graciela Guzmán and Karina Villa)Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Trust Code. Requires a trustee to maintain, for a minimum of 7 years after the termination of the trust, a copy of the governing trust instrument under which the trustee was authorized to act at the time the trust terminated. Amends the Revised Uniform Unclaimed Property Act. Provides that property held in an account or plan, including a health savings account, that qualifies for tax deferral under the United States income tax law, is presumed abandoned 20 years after the account was opened. Requires State agencies to report final compensation due a State employee to the Treasurer's Office as unclaimed property if the employee dies while employed. Requires a holder who holds property presumed abandoned to hold the property in trust for the benefit of the State Treasurer on behalf of the owner from and after the date the property is presumed abandoned. Requires that the State Treasurer provide written notice to a State agency and the Governor's Office of Management and Budget of property presumed to be abandoned and allegedly owned by the State agency before it can be escheated to the State's General Revenue Fund if the property remains unclaimed after one year. Creates authority for the Secretary of the Department of Financial and Professional Regulation to order a regulated person under the Act to immediately report and remit property subject to the Act if the Secretary determines that the action is necessary to protect the interest of an owner. Establishes a procedure regulating agreements between an owner or apparent owner and a finder to locate or recover property held by the State Treasurer. Requires a finder to be licensed by the State Treasurer and creates qualifications to be so licensed. Makes definitions. Makes other changes. The Treasurer is authorized to adopt rules as necessary to implement the Act. Effective immediately.
House Committee Amendment No. 1
Adds reference to:
Makes the changes to the licensing of a finder effective January 1, 2026. Provides that if the State Treasurer reasonably believes that the apparent owner of property presumed abandoned held under this Act is a State agency as defined in the Illinois State Auditing Act, the State Treasurer may give written notice to the chief executive officer of such State agency and the Governor's Office of Management and Budget. Changes a cross-reference.
House Floor Amendment No. 3
Adds reference to:
30 ILCS 105/14afrom Ch. 127, par. 150a
Replaces everything after the enacting clause with the provisions of the introduced bill with these changes. Amends the State Finance Act. Provides those funds owed to the estate or heirs of a deceased State employee under the Act that are not paid within one year of the State employee's death shall be reported and remitted to the State Treasurer under the Revised Uniform Unclaimed Property Act. Makes the changes to the licensing of a finder effective January 1, 2026. Provides that if the State Treasurer reasonably believes that the apparent owner of property presumed abandoned held under this Act is a State agency as defined in the Illinois State Auditing Act, the State Treasurer may give written notice to the chief executive officer of such State agency and the Governor's Office of Management and Budget. Requires that, before the termination of a trust, a trustee must conduct a reasonable search for any trust property that has been reported and remitted to a State unclaimed property administrator. Provides that, in the tenth year after the opening of an account holding property covered by the Act for which the apparent owner has not, within the previous 3 years, indicated interest under the Act and that is not otherwise presumed abandoned, the holder shall attempt to contact the apparent owner in a manner substantially similar to the notice required by the Act. Requires the State Treasurer to adopt rules to implement the Act. Specifies that a provision of the Act concerning presumptively abandoned property does not apply to property insured by the Federal Deposit Insurance Corporation, National Credit Union Administration, or other insurer of accounts approved by a depository institution's primary financial regulatory agency. Changes a cross-reference.
Senate Committee Amendment No. 1
Deletes reference to:
Adds reference to:
Replaces everything after the enacting clause. Amends the Illinois Trust Code. Makes a technical change in a Section concerning the short title.
Senate Floor Amendment No. 2
Deletes reference to:
Adds reference to:
750 ILCS 46/704.5 new
750 ILCS 47/26 new
750 ILCS 47/27 new
750 ILCS 47/36 new
750 ILCS 47/37 new
750 ILCS 47/39 new
750 ILCS 50/21.1 new
Replaces everything after the enacting clause. Creates the Equality for Every Family Act. Amends the Illinois Paternity Act of 2015. Provides that the policy of this State is that a child has the same rights and protections under law to parentage without regard to the marital status, age, gender, gender identity or sexual orientation of the child's parents, or the circumstances of the child's birth, including whether the child was born as a result of assisted reproduction or surrogacy. Provides for who may sign an acknowledgment of parentage to establish the parentage of a child. Changes provisions regarding the use of genetic testing. Amends the Gestational Surrogacy Act. Provides that a parentage proceeding under the Gestational Surrogacy Act may be commenced in any county in the State. Makes requirements for a gestational surrogacy agreement and damages for a breach of such an agreement. Amends the Adoption Act. Provides for a process for a confirmatory adoption for children born through assisted reproduction. Makes other formatting and cross-referencing changes. Provides that a proceeding to adjudicate parentage that was commenced before the effective date of the amendatory Act is governed by the law in effect at the time the proceeding was commenced. Effective immediately, except that some provisions amending the Illinois Parentage Act of 2015 are effective January 1, 2026.
Governor Amendatory Veto Message
Recommends changing the structure and wording of certain provisions so they are subsections within a Section, rather than paragraphs within a subsection.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/04/2025 | House | Filed with the Clerk by Rep. Diane Blair-Sherlock |
| 2/04/2025 | House | First Reading |
| 2/04/2025 | House | Referred to Rules Committee |
| 3/04/2025 | House | Assigned to Judiciary - Civil Committee |
| 3/11/2025 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Diane Blair-Sherlock |
| 3/11/2025 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 3/12/2025 | House | House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee |
| 3/18/2025 | House | Added Co-Sponsor Rep. Dave Vella |
| 3/18/2025 | House | Added Co-Sponsor Rep. Jennifer Gong-Gershowitz |
| 3/18/2025 | House | Added Co-Sponsor Rep. Eva-Dina Delgado |
| 3/18/2025 | House | Added Co-Sponsor Rep. Michelle Mussman |
| 3/18/2025 | House | Removed Co-Sponsor Rep. Dave Vella |
| 3/18/2025 | House | Removed Co-Sponsor Rep. Eva-Dina Delgado |
| 3/19/2025 | House | House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote |
| 3/19/2025 | House | Do Pass as Amended / Short Debate Judiciary - Civil Committee; 013-007-000 |
| 3/19/2025 | House | Placed on Calendar 2nd Reading - Short Debate |
| 3/25/2025 | House | House Floor Amendment No. 2 Filed with Clerk by Rep. Diane Blair-Sherlock |
| 3/25/2025 | House | House Floor Amendment No. 2 Referred to Rules Committee |
| 3/26/2025 | House | House Floor Amendment No. 2 Rules Refers to Judiciary - Civil Committee |
| 3/26/2025 | House | Second Reading - Short Debate |
| 3/26/2025 | House | Held on Calendar Order of Second Reading - Short Debate |
| 4/07/2025 | House | House Floor Amendment No. 3 Filed with Clerk by Rep. Diane Blair-Sherlock |
| 4/07/2025 | House | House Floor Amendment No. 3 Referred to Rules Committee |
| 4/07/2025 | House | House Floor Amendment No. 3 Rules Refers to Judiciary - Civil Committee |
| 4/09/2025 | House | House Floor Amendment No. 3 Recommends Be Adopted Judiciary - Civil Committee; 013-007-000 |
| 4/10/2025 | House | House Floor Amendment No. 3 Adopted |
| 4/10/2025 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 4/10/2025 | House | Third Reading - Short Debate - Passed 075-038-000 |
| 4/10/2025 | House | House Floor Amendment No. 2 Tabled |
| 4/14/2025 | Senate | Arrive in Senate |
| 4/14/2025 | Senate | Placed on Calendar Order of First Reading |
| 4/14/2025 | Senate | Chief Senate Sponsor Sen. Robert F. Martwick |
| 4/14/2025 | Senate | First Reading |
| 4/14/2025 | Senate | Referred to Assignments |
| 5/08/2025 | Senate | Assigned to Executive |
| 5/09/2025 | Senate | Rule 2-10 Committee Deadline Established As May 23, 2025 |
| 5/13/2025 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon |
| 5/13/2025 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 5/13/2025 | Senate | Alternate Chief Sponsor Changed to Sen. Don Harmon |
| 5/14/2025 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Executive |
| 5/14/2025 | Senate | Senate Committee Amendment No. 1 Adopted |
| 5/15/2025 | Senate | Do Pass as Amended Executive; 009-004-000 |
| 5/15/2025 | Senate | Placed on Calendar Order of 2nd Reading |
| 5/15/2025 | Senate | Second Reading |
| 5/15/2025 | Senate | Placed on Calendar Order of 3rd Reading May 20, 2025 |
| 5/23/2025 | Senate | Rule 2-10 Third Reading/Passage Deadline Established As June 1, 2025 |
| 5/28/2025 | Senate | Senate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon |
| 5/28/2025 | Senate | Senate Floor Amendment No. 2 Referred to Assignments |
| 5/28/2025 | Senate | Senate Floor Amendment No. 2 Assignments Refers to Executive |
| 5/28/2025 | House | Chief Sponsor Changed to Rep. Tracy Katz Muhl |
| 5/28/2025 | House | Added Chief Co-Sponsor Rep. Kelly M. Cassidy |
| 5/28/2025 | House | Added Chief Co-Sponsor Rep. Theresa Mah |
| 5/28/2025 | House | Added Co-Sponsor Rep. Nicolle Grasse |
| 5/28/2025 | House | Added Co-Sponsor Rep. Anne Stava |
| 5/28/2025 | House | Added Co-Sponsor Rep. Mary Beth Canty |
| 5/28/2025 | House | Added Co-Sponsor Rep. Daniel Didech |
| 5/28/2025 | House | Added Co-Sponsor Rep. Robyn Gabel |
| 5/28/2025 | House | Added Co-Sponsor Rep. Margaret Croke |
| 5/28/2025 | House | Added Co-Sponsor Rep. Will Guzzardi |
| 5/28/2025 | House | Added Co-Sponsor Rep. Kam Buckner |
| 5/28/2025 | House | Added Co-Sponsor Rep. Dagmara Avelar |
| 5/28/2025 | House | Added Co-Sponsor Rep. Ann M. Williams |
| 5/28/2025 | House | Added Co-Sponsor Rep. Amy Briel |
| 5/28/2025 | House | Added Co-Sponsor Rep. Hoan Huynh |
| 5/28/2025 | House | Added Co-Sponsor Rep. Barbara Hernandez |
| 5/28/2025 | House | Added Co-Sponsor Rep. Bob Morgan |
| 5/28/2025 | House | Added Co-Sponsor Rep. Aarón M. Ortíz |
| 5/28/2025 | House | Added Co-Sponsor Rep. Marcus C. Evans, Jr. |
| 5/28/2025 | House | Added Co-Sponsor Rep. Jehan Gordon-Booth |
| 5/28/2025 | House | Added Co-Sponsor Rep. Lilian Jiménez |
| 5/28/2025 | House | Added Co-Sponsor Rep. Joyce Mason |
| 5/28/2025 | House | Added Co-Sponsor Rep. Kevin John Olickal |
| 5/28/2025 | House | Added Co-Sponsor Rep. Sharon Chung |
| 5/28/2025 | House | Added Co-Sponsor Rep. Laura Faver Dias |
| 5/28/2025 | House | Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez |
| 5/28/2025 | House | Added Co-Sponsor Rep. Norma Hernandez |
| 5/28/2025 | House | Added Co-Sponsor Rep. Maura Hirschauer |
| 5/28/2025 | House | Added Co-Sponsor Rep. Camille Y. Lilly |
| 5/28/2025 | House | Added Co-Sponsor Rep. Jaime M. Andrade, Jr. |
| 5/28/2025 | House | Added Co-Sponsor Rep. Lisa Davis |
| 5/28/2025 | House | Added Co-Sponsor Rep. Edgar González, Jr. |
| 5/28/2025 | House | Added Co-Sponsor Rep. Gregg Johnson |
| 5/28/2025 | House | Added Co-Sponsor Rep. Anna Moeller |
| 5/28/2025 | House | Added Co-Sponsor Rep. Lindsey LaPointe |
| 5/28/2025 | House | Added Co-Sponsor Rep. Michael Crawford |
| 5/28/2025 | House | Added Co-Sponsor Rep. Diane Blair-Sherlock |
| 5/28/2025 | House | Added Chief Co-Sponsor Rep. Kam Buckner |
| 5/28/2025 | House | Removed Co-Sponsor Rep. Kam Buckner |
| 5/28/2025 | Senate | Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 009-004-000 |
| 5/28/2025 | House | Added Chief Co-Sponsor Rep. Eva-Dina Delgado |
| 5/29/2025 | Senate | Added as Alternate Co-Sponsor Sen. Mary Edly-Allen |
| 5/29/2025 | Senate | Added as Alternate Co-Sponsor Sen. Michael W. Halpin |
| 5/29/2025 | Senate | Added as Alternate Co-Sponsor Sen. David Koehler |
| 5/29/2025 | Senate | Added as Alternate Co-Sponsor Sen. Mike Simmons |
| 5/29/2025 | Senate | Added as Alternate Co-Sponsor Sen. Adriane Johnson |
| 5/29/2025 | Senate | Recalled to Second Reading |
| 5/29/2025 | Senate | Senate Floor Amendment No. 2 Adopted; Harmon |
| 5/29/2025 | Senate | Placed on Calendar Order of 3rd Reading |
| 5/29/2025 | Senate | Third Reading - Passed; 036-019-000 |
| 5/29/2025 | House | Arrived in House |
| 5/29/2025 | House | Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2 |
| 5/29/2025 | House | Senate Committee Amendment No. 1 Motion Filed Concur Rep. Tracy Katz Muhl |
| 5/29/2025 | House | Senate Floor Amendment No. 2 Motion Filed Concur Rep. Tracy Katz Muhl |
| 5/29/2025 | House | Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee |
| 5/29/2025 | House | Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee |
| 5/29/2025 | Senate | Added as Alternate Chief Co-Sponsor Sen. Celina Villanueva |
| 5/29/2025 | Senate | Added as Alternate Chief Co-Sponsor Sen. Sara Feigenholtz |
| 5/29/2025 | Senate | Added as Alternate Co-Sponsor Sen. Robert Peters |
| 5/30/2025 | Senate | Added as Alternate Co-Sponsor Sen. Laura Fine |
| 5/30/2025 | Senate | Added as Alternate Co-Sponsor Sen. Graciela Guzmán |
| 5/30/2025 | House | Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Judiciary - Civil Committee |
| 5/30/2025 | House | Senate Floor Amendment No. 2 Motion to Concur Rules Referred to Judiciary - Civil Committee |
| 5/30/2025 | Senate | Added as Alternate Co-Sponsor Sen. Karina Villa |
| 5/30/2025 | House | Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Judiciary - Civil Committee; 013-007-000 |
| 5/30/2025 | House | Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Judiciary - Civil Committee; 013-007-000 |
| 5/31/2025 | House | Senate Committee Amendment No. 1 House Concurs 077-040-000 |
| 5/31/2025 | House | Senate Floor Amendment No. 2 House Concurs 077-040-000 |
| 5/31/2025 | House | House Concurs |
| 5/31/2025 | House | Passed Both Houses |
| 5/31/2025 | House | Added Co-Sponsor Rep. Martha Deuter |
| 6/09/2025 | House | Sent to the Governor |
| 8/08/2025 | House | Governor Amendatory Veto |
| 10/14/2025 | House | Placed on Calendar Amendatory Veto |
| 10/14/2025 | House | Amendatory Veto Motion - Motion Filed Accept Amendatory Veto Rep. Tracy Katz Muhl |
| 10/14/2025 | House | Amendatory Veto Motion - Motion Referred to Rules Committee |
| 10/14/2025 | House | Amendatory Veto Motion - Accept Motion Recommends Be Adopted Rules Committee; 005-000-000 |
| 10/15/2025 | House | Amendatory Veto Motion - Motion Prevailed 074-038-000 |
| 10/15/2025 | House | 3/5 Vote Required |
| 10/15/2025 | Senate | Placed on Calendar Amendatory Veto October 28, 2025 |
| 10/28/2025 | Senate | Amendatory Veto Motion - Motion Filed Accept Amendatory Veto Sen. Don Harmon |
| 10/28/2025 | Senate | Amendatory Veto Motion - Motion Referred to Assignments |
| 10/28/2025 | Senate | Amendatory Veto Motion - Approved for Consideration Assignments |
| 10/29/2025 | Senate | Accept Amendatory Veto - Senate Passed 038-016-000 |
| 10/29/2025 | Senate | 3/5 Vote Required |
| 10/29/2025 | House | Both Houses Accepted Amendatory Veto |