HB 1437 Illinois House · 104th Regular Session

NON-PROFIT INVESTMENT POOL

Summary

Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer a non-profit investment pool and an electronic payment processing program to supplement and enhance investment opportunities and secure electronic payment options otherwise available to not-for-profit corporations in the State. Provides that the Treasurer may receive funds paid into the pool for the purpose of holding and investing those funds. Provides for surety bonds payable to not-for-profit corporations who participate in the pool. Provides that the Treasurer shall adopt rules for the efficient administration of the pool.

Bill status signed all 5 stages cleared

Introduction

Apr 2025

Committee Review

Oct 2025

House Passage

Oct 2025

Senate Passage

Oct 2025

Signed into Law

Nov 2025

Introduced Apr 14, 2025 Signed Nov 21, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed → Enrolled · 3 edits · Nov 21, 2025

MINOR

The bill was finalized for signature (Enrolled) after minor formatting corrections. The substantive content remains focused on creating a new task force to review criminal conduct that bars individuals from holding public office, while also adding a new section to the State Treasurer Act for non-profit investment pools.

Scope change

The bill's scope regarding the new task force remains unchanged; the only significant change is the addition of a new section to the State Treasurer Act regarding non-profit investment pools.

SCOPE

Added a new section to the State Treasurer Act establishing a non-profit investment pool and electronic payment program for tax-exempt corporations.

TECHNICAL

Corrected the bill header from 'Engrossed' to 'Enrolled' to indicate it is ready for the Governor's signature.

Adjusted page break markers and line numbers to reflect the final version of the document.

Floor votes · Senate Oct 30, 2025 · House Apr 10, 2025

How they voted

40–16

Passed · 2 other

Total votes 58

Oct 30, 2025

D Democratic39

37 Yea 2

94% Yea

R Republican19

3 Yea 16 Nay

84% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

100

Key actions

Committee

Amendments

Nov 21, 2025

Signed into law

Governor Approved

lower

Oct 31, 2025

Lower · Passed

Passed Both Houses

lower

Oct 31, 2025

Introduced

Senate Floor Amendment No. 4 House Concurs 074-026-000

lower

Oct 31, 2025

Lower · Passed

Senate Committee Amendment No. 1 House Concurs 074-026-000

lower

Oct 30, 2025

Lower · Passed

Senate Floor Amendment No. 4 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000

lower

Oct 30, 2025

Lower · Passed

Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-002-000

lower

Oct 30, 2025

Committee

Senate Floor Amendment No. 4 Motion to Concur Referred to Rules Committee

lower

Oct 30, 2025

Committee

Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee

lower

Oct 30, 2025

Introduced

Senate Floor Amendment No. 4 Motion Filed Concur Rep. Bob Morgan

lower

Oct 30, 2025

Lower · Passed

Senate Committee Amendment No. 1 Motion Filed Concur Rep. Bob Morgan

lower

Oct 30, 2025

Introduced

Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 4

lower

Oct 30, 2025

Introduced

Arrived in House

lower

Oct 30, 2025

Upper · Passed

Third Reading - Passed; 041-016-000

upper

Oct 30, 2025

Upper · Passed

Senate Floor Amendment No. 4 Adopted; Cunningham

upper

Oct 30, 2025

Introduced

Senate Floor Amendment No. 4 Be Approved for Consideration Assignments

upper

Oct 30, 2025

Committee

Senate Floor Amendment No. 4 Referred to Assignments

upper

Oct 30, 2025

Introduced

Senate Floor Amendment No. 4 Filed with Secretary by Sen. Bill Cunningham

upper

Oct 29, 2025

Introduced

Senate Floor Amendment No. 3 Be Approved for Consideration Assignments

upper

Oct 29, 2025

Committee

Senate Floor Amendment No. 3 Referred to Assignments

upper

Oct 29, 2025

Introduced

Senate Floor Amendment No. 3 Filed with Secretary by Sen. Bill Cunningham

upper

Oct 28, 2025

Introduced

Senate Floor Amendment No. 2 Be Approved for Consideration Assignments

upper

Oct 28, 2025

Committee

Senate Floor Amendment No. 2 Referred to Assignments

upper

Oct 28, 2025

Introduced

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Bill Cunningham

upper

Jun 2, 2025

Committee

Rule 3-9(a) / Re-referred to Assignments

upper

May 15, 2025

Upper · Passed

Do Pass as Amended Executive; 009-004-000

upper

May 14, 2025

Upper · Passed

Senate Committee Amendment No. 1 Adopted

upper

May 14, 2025

Upper · Passed

Senate Committee Amendment No. 1 Assignments Refers to Executive

upper

May 13, 2025

Committee

Senate Committee Amendment No. 1 Referred to Assignments

upper

May 13, 2025

Introduced

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon

upper

May 9, 2025

Upper · Passed

Rule 2-10 Committee Deadline Established As May 23, 2025

upper

May 8, 2025

Committee

Assigned to Executive

upper

Apr 14, 2025

Committee

Referred to Assignments

upper

Apr 14, 2025

Introduced

Arrive in Senate

upper

Apr 10, 2025

Lower · Passed

Third Reading - Short Debate - Passed 074-038-000

lower

Apr 10, 2025

Lower · Passed

House Floor Amendment No. 1 Adopted

lower

Apr 7, 2025

Lower · Passed

House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 005-002-000

lower

Mar 18, 2025

Lower · Passed

House Floor Amendment No. 1 Rules Refers to State Government Administration Committee

lower

Mar 13, 2025

Committee

House Floor Amendment No. 1 Referred to Rules Committee

lower

Mar 13, 2025

Introduced

House Floor Amendment No. 1 Filed with Clerk by Rep. Rita Mayfield

lower

Mar 5, 2025

Lower · Passed

Do Pass / Short Debate State Government Administration Committee; 005-003-000

lower

Feb 18, 2025

Committee

Assigned to State Government Administration Committee

lower

Jan 28, 2025

Committee

Referred to Rules Committee

lower

2 primary · 29 co-sponsors