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HB 5624 Illinois House · 104th Regular Session

$DCEO-GRANT-EMPLOYEE OWNERS

Summary
Appropriates $700,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for a grant to the Illinois Center for Employee Ownership for the purpose of expanding education, outreach, and technical assistance related to employee ownership transitions and supporting small businesses in evaluating and pursuing succession through employee ownership. Effective July 1, 2026.
Issues: ✓ Budget & TaxesSupports Budget & TaxesAppropriates $700,000 from General Revenue Fund to fund employee ownership education and small business support, directly advancing budget allocation for economic development programs.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentFunds employee ownership education/support, expanding worker benefits through ownership transitions for small businesses95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 11, 2026 Last action Feb 13, 2026
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Feb 13, 2026
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Omar Williams
Omar Williams
DDemocratic
IL
10