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.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2025
Committee Review
Apr 2025
Senate Passage
May 2025
House Passage
May 2025
Signed into Law
Aug 2025
Introduced Apr 9, 2025
Signed Aug 1, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
Engrossed
→
Enrolled
·
2 edits
·
Aug 1, 2025
MINOR
The bill was finalized by changing its status from 'Engrossed' to 'Enrolled', indicating it is now the official version ready for signing. No substantive policy changes, funding amounts, eligibility criteria, or legal requirements were altered; the text remains identical except for minor formatting adjustments in the page headers.
TECHNICAL
Updated the document status from 'Engrossed' to 'Enrolled' in the header and page footers to reflect the final legislative version.
Adjusted whitespace and spacing in the text of the Community Reinvestment Act references to align with standard formatting.
Floor votes · Senate Apr 9, 2025 · House May 21, 2025
How they voted
55–0
Passed · 3 other
Total votes 58
Apr 9, 2025
D
Democratic39
92% Yea
R
Republican19
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
35
Key actions
8
Committee
8
Amendments
2
Aug 1, 2025
Signed into law
Governor Approved
upper
May 21, 2025
Upper · Passed
Passed Both Houses
upper
May 21, 2025
Lower · Passed
Third Reading - Short Debate - Passed 108-000-000
lower
Apr 29, 2025
Lower · Passed
Do Pass / Short Debate Financial Institutions and Licensing Committee; 011-000-000
lower
Apr 17, 2025
Committee
Assigned to Financial Institutions and Licensing Committee
lower
Apr 9, 2025
Committee
Referred to Rules Committee
lower
Apr 9, 2025
Introduced
Arrived in House
lower
Apr 9, 2025
Upper · Passed
Third Reading - Passed; 056-000-000
upper
Feb 26, 2025
Upper · Passed
Do Pass as Amended Financial Institutions; 008-000-000
upper
Feb 26, 2025
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Feb 25, 2025
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
upper
Feb 24, 2025
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Feb 24, 2025
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Mattie Hunter
upper
Feb 4, 2025
Committee
Assigned to Financial Institutions
upper
Jan 28, 2025
Committee
Referred to Assignments
upper
2 primary · 4 co-sponsors
Sponsors
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