HB 5264 Illinois House · 104th Regular Session

DCEO-SMALL BUSINESS LOANS

Summary

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall establish a loan program to provide low interest loans to small businesses that have been negatively impacted by federal immigration enforcement. Provides that the Department may make those loans from the Federal Immigration Recovery Fund and may administer the program directly through the Fund or enter into agreements with banks, credit unions, nonprofit loan administrations, or community development financial institutions. Amends the State Finance Act to create the Federal Immigration Recovery Fund. Effective immediately.

Issues: ✓ Immigration

Bill status passed 3 of 5 stages cleared

Introduction

Apr 2026

Committee Review

May 2026

House Passage

Apr 2026

Senate Passage

Governor

Introduced Apr 21, 2026 Last action May 22, 2026

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Engrossed · 7 edits · Apr 17, 2026

MODERATE

The bill was completely rewritten to remove all references to immigration enforcement and replace them with a general economic recovery program. The scope shifted from helping businesses affected by federal immigration actions to assisting any small business impacted by an 'economic shock.'

Scope change

The bill's scope expanded from a specific immigration-related relief program to a broad economic recovery initiative applicable to any business facing economic disruption.

SCOPE

The program's purpose changed from aiding businesses negatively impacted by federal immigration enforcement to aiding businesses negatively impacted by an 'economic shock.'

FISCAL

The funding source was renamed from the 'Federal Immigration Recovery Fund' to the 'Economic Recovery Fund.'

DEFINITION

The trigger for the program changed from a declaration of an 'economic emergency' due to immigration to a declaration of an 'economic shock' that disrupts local or regional businesses.

ELIGIBILITY

The eligibility criteria were updated to require that a business be materially impacted by the 'economic shock' rather than by federal immigration enforcement.

REQUIREMENT

New provisions were added requiring the State to provide a 100% guarantee on all loans and authorizing the Department to charge administrative fees to lenders.

New requirements mandate the establishment of clear, standardized procedures for loan servicing, delinquency, and default management.

ENFORCEMENT

The Department is now authorized to enter into agreements with various financial institutions to administer the program, whereas the original text allowed for direct administration through the Fund or agreements.

Floor votes · House Apr 17, 2026

How they voted

62–34

Passed · 20 other

Total votes 116

Apr 17, 2026

D Democratic76

62 Yea 14

81% Yea

R Republican40

34 Nay 6

85% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 22, 2026

Committee

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

upper

May 15, 2026

Upper · Passed

Rule 2-10 Committee Deadline Established As May 22, 2026

upper

May 8, 2026

Upper · Passed

Rule 2-10 Committee Deadline Established As May 15, 2026

upper

Apr 28, 2026

Committee

Assigned to Appropriations

upper

Apr 21, 2026

Committee

Referred to Assignments

upper

Apr 21, 2026

Introduced

Arrive in Senate

upper

Apr 17, 2026

Lower · Passed

Third Reading - Short Debate - Passed 063-034-000

lower

Apr 17, 2026

Lower · Passed

House Floor Amendment No. 1 Adopted

lower

Apr 15, 2026

Lower · Passed

House Floor Amendment No. 1 Recommends Be Adopted Economic Opportunity & Equity Committee; 005-002-000

lower

Apr 15, 2026

Lower · Passed

House Floor Amendment No. 1 Rules Refers to Economic Opportunity & Equity Committee

lower

Apr 14, 2026

Committee

House Floor Amendment No. 1 Referred to Rules Committee

lower

Apr 14, 2026

Introduced

House Floor Amendment No. 1 Filed with Clerk by Rep. Elizabeth "Lisa" Hernandez

lower

Mar 25, 2026

Lower · Passed

Do Pass / Short Debate Economic Opportunity & Equity Committee; 005-002-000

lower

Mar 18, 2026

Committee

Assigned to Economic Opportunity & Equity Committee

lower

Feb 10, 2026

Committee

Referred to Rules Committee

lower

2 primary · 0 co-sponsors