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HB 1700 Illinois House · 104th Regular Session

FUNDS-COMMUNITY REINVESTMENT

Summary
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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill directs state funds to institutions meeting CRA standards, promoting responsible fiscal management through targeted public fund allocation.90% confidence
Bill status signed all 5 stages cleared
Introduction
Apr 2025
Committee Review
May 2026
House Passage
May 2026
Senate Passage
May 2026
Signed into Law
Jun 2026
Introduced Apr 9, 2025 Signed Jun 26, 2026
Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed → Enrolled · 2 edits · Jun 26, 2026
MINOR
The bill was converted from an 'Engrossed' version to an 'Enrolled' version, which is the final form ready for the Governor's signature. The substantive policy content regarding the Illinois Enterprise Zone Act and Public Funds Investment Act remained unchanged between these two versions; the text differences are purely formatting artifacts from the legislative printing process.
TECHNICAL

The document header was updated to reflect the final 'Enrolled' status, indicating the bill has passed all legislative stages.

Minor line breaks and spacing were adjusted throughout the text to match the final printed format, but no legal language was added, removed, or altered.

Floor votes · Senate May 30, 2026 · House Apr 9, 2025

How they voted

35–20
Passed · 3 other
Total votes 58
May 30, 2026
D Democratic39
35 Yea 1 Nay 3
89% Yea
R Republican19
19 Nay
100% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
86
Key actions
18
Committee
24
Amendments
17
Jun 26, 2026
Signed into law
Governor Approved
lower
May 31, 2026
Lower · Passed
Passed Both Houses
lower
May 31, 2026
Introduced
Senate Floor Amendment No. 4 House Concurs 075-039-000
lower
May 31, 2026
Introduced
Senate Floor Amendment No. 3 House Concurs 075-039-000
lower
May 31, 2026
Lower · Passed
Senate Committee Amendment No. 1 House Concurs 075-039-000
lower
May 30, 2026
Lower · Passed
Senate Floor Amendment No. 4 Motion to Concur Recommends Be Adopted Rules Committee; 005-000-000
lower
May 30, 2026
Lower · Passed
Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Rules Committee; 005-000-000
lower
May 30, 2026
Lower · Passed
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 005-000-000
lower
May 30, 2026
Committee
Senate Floor Amendment No. 4 Motion to Concur Referred to Rules Committee
lower
May 30, 2026
Committee
Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee
lower
May 30, 2026
Committee
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
lower
May 30, 2026
Introduced
Senate Floor Amendment No. 4 Motion Filed Concur Rep. Ann M. Williams
lower
May 30, 2026
Introduced
Senate Floor Amendment No. 3 Motion Filed Concur Rep. Ann M. Williams
lower
May 30, 2026
Lower · Passed
Senate Committee Amendment No. 1 Motion Filed Concur Rep. Ann M. Williams
lower
May 30, 2026
Introduced
Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 3, 4
lower
May 30, 2026
Introduced
Arrived in House
lower
May 30, 2026
Amended
Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
upper
May 30, 2026
Upper · Passed
Third Reading - Passed; 036-020-000
upper
May 30, 2026
Upper · Passed
Senate Floor Amendment No. 4 Adopted; Stadelman
upper
May 30, 2026
Upper · Passed
Senate Floor Amendment No. 3 Adopted; Stadelman
upper
May 30, 2026
Introduced
Senate Floor Amendment No. 4 Be Approved for Consideration Assignments
upper
May 30, 2026
Introduced
Senate Floor Amendment No. 3 Be Approved for Consideration Assignments
upper
May 29, 2026
Committee
Senate Floor Amendment No. 4 Referred to Assignments
upper
May 29, 2026
Introduced
Senate Floor Amendment No. 4 Filed with Secretary by Sen. Steve Stadelman
upper
May 29, 2026
Committee
Senate Floor Amendment No. 3 Referred to Assignments
upper
May 29, 2026
Introduced
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Steve Stadelman
upper
May 28, 2026
Committee
Senate Floor Amendment No. 2 Referred to Assignments
upper
May 28, 2026
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Steve Stadelman
upper
Dec 1, 2025
Committee
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
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 23, 2025
Committee
Referred to Assignments
upper
Apr 9, 2025
Introduced
Arrive in Senate
upper
Apr 9, 2025
Lower · Passed
Third Reading - Short Debate - Passed 084-030-001
lower
Mar 4, 2025
Lower · Passed
Do Pass as Amended / Short Debate Financial Institutions and Licensing Committee; 009-002-000
lower
Mar 4, 2025
Lower · Passed
House Committee Amendment No. 1 Adopted in Financial Institutions and Licensing Committee; by Voice Vote
lower
Feb 25, 2025
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
lower
Feb 24, 2025
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Feb 24, 2025
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Kimberly Du Buclet
lower
Feb 18, 2025
Committee
Assigned to Financial Institutions and Licensing Committee
lower
Jan 28, 2025
Committee
Referred to Rules Committee
lower
2 primary · 13 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Ann Williams
Ann Williams
DDemocratic
IL
11
P
Photo of Steve Stadelman
Steve Stadelman
DDemocratic
IL
34
Co
Photo of Camille Lilly
Camille Lilly
DDemocratic
IL
78
Co
Photo of Chris Welch
Chris Welch
DDemocratic
IL
7
Co
Photo of Debbie Meyers-Martin
Debbie Meyers-Martin
DDemocratic
IL
38
Co
Photo of Hoan Huynh
Hoan Huynh
DDemocratic
IL
13
Co
Photo of Jehan Gordon-Booth
Jehan Gordon-Booth
DDemocratic
IL
92
Co
Photo of Justin Slaughter
Justin Slaughter
DDemocratic
IL
27
Co
Photo of Lisa Davis
Lisa Davis
DDemocratic
IL
32
Co
Photo of Mattie Hunter
Mattie Hunter
DDemocratic
IL
3
Co
Photo of Mike Crawford
Mike Crawford
DDemocratic
IL
31
Co
Photo of Sonya Harper
Sonya Harper
DDemocratic
IL
6