HB 4754 Illinois House · 104th Regular Session

PRIVATE EDUCATION LOANS-REPORT

Summary

Amends the Know Before You Owe Private Education Loan Act. Provides that the annual report to the Department of Financial and Professional Regulation and the Student Loan Ombudsman shall include the total number and dollar amount (instead of the volume) of private education loans made annually by a private educational lender, the total number and dollar amount (instead of the volume) of private education loans made annually at institutions of higher education, the total number and dollar amount of private education loans made annually with a cosigner, and the default rate for the private education loans reported by the private educational lender pursuant to specified provisions for the previous reporting period. Effective immediately.

Bill status signed all 5 stages cleared

Introduction

Apr 2026

Committee Review

Apr 2026

House Passage

May 2026

Senate Passage

May 2026

Signed into Law

Jun 2026

Introduced Apr 10, 2026 Signed Jun 26, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed → Enrolled · 2 edits · Jun 26, 2026

MINOR

The primary change is a technical update to the bill's title, changing it from 'Engrossed' to 'Enrolled' to reflect its final passage. Additionally, a minor formatting adjustment was made to a definition regarding educational expenses, removing extra spacing. No substantive policy changes, funding amounts, or eligibility criteria were altered.

TECHNICAL

Updated the document header to indicate the bill is now 'Enrolled' rather than 'Engrossed', signifying its final legislative status.

Adjusted the spacing within a definition of postsecondary educational expenses to remove unnecessary extra spaces.

Floor votes · Senate May 14, 2026 · House Apr 9, 2026

How they voted

58–0

Passed

Total votes 58

May 14, 2026

D Democratic39

39 Yea

100% Yea

R Republican19

19 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 26, 2026

Signed into law

Governor Approved

lower

May 14, 2026

Lower · Passed

Passed Both Houses

lower

May 14, 2026

Upper · Passed

Third Reading - Passed; 058-000-000

upper

Apr 10, 2026

Committee

Referred to Assignments

upper

Apr 10, 2026

Introduced

Arrive in Senate

upper

Apr 9, 2026

Lower · Passed

Third Reading - Short Debate - Passed 097-000-000

lower

Feb 24, 2026

Lower · Passed

Do Pass / Short Debate Financial Institutions and Licensing Committee; 011-000-000

lower

Feb 17, 2026

Committee

Assigned to Financial Institutions and Licensing Committee

lower

Feb 6, 2026

Committee

Referred to Rules Committee

lower

2 primary · 3 co-sponsors