Illinois HB 5621: BUILD ILLINOIS ACT-LOAN LIMIT

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Build Illinois Act. Provides that the amount of small business loans made to minority persons, veterans, females, or persons with a disability under the Act shall not exceed $2,000,000 (rather than $400,000) or 50% of the business project costs unless the Director of Commerce and Economic Development determines that a waiver of these limits is required to meet the purposes of the Act. Provides that…

Read the full title (117 words)

Amends the Build Illinois Act. Provides that the amount of small business loans made to minority persons, veterans, females, or persons with a disability under the Act shall not exceed $2,000,000 (rather than $400,000) or 50% of the business project costs unless the Director of Commerce and Economic Development determines that a waiver of these limits is required to meet the purposes of the Act. Provides that eligible projects under those provisions include refinancing current debt if the loan will refinance a loan previously made by a lender that is unaffiliated with the financial intermediary making the new loan and the proceeds of the refinance transaction are not used to finance an extraordinary dividend or other distribution.

Every action

49 steps, oldest first, as the legislature records them.

Show the 41 earlier steps

Feb 9, 2024HouseFiled with the Clerk by Rep. Carol Ammons
Feb 9, 2024HouseFirst Reading
Feb 9, 2024CommitteeReferred to Rules Committee · House Rules
Mar 12, 2024CommitteeAssigned to Small Business, Tech Innovation, and Entrepreneurship Committee · House Small Business, Tech Innovation
Apr 4, 2024CommitteeDo Pass / Short Debate Small Business, Tech Innovation, and Entrepreneurship Committee; 012-000-000 · House Small Business, Tech Innovation
Apr 4, 2024HousePlaced on Calendar 2nd Reading - Short Debate
Apr 8, 2024HouseAdded Chief Co-Sponsor Rep. Anne Stava-Murray
Apr 8, 2024HouseAdded Co-Sponsor Rep. Lilian Jiménez
Apr 11, 2024HouseAdded Chief Co-Sponsor Rep. Edgar González, Jr.
Apr 11, 2024HouseAdded Chief Co-Sponsor Rep. Jay Hoffman
Apr 11, 2024HouseAdded Co-Sponsor Rep. Suzanne M. Ness
Apr 11, 2024HouseAdded Co-Sponsor Rep. Janet Yang Rohr
Apr 11, 2024HouseAdded Co-Sponsor Rep. Blaine Wilhour
Apr 11, 2024HouseAdded Co-Sponsor Rep. Jennifer Sanalitro
Apr 17, 2024HouseSecond Reading - Short Debate
Apr 17, 2024HouseHeld on Calendar Order of Second Reading - Short Debate
Apr 18, 2024HouseAdded Chief Co-Sponsor Rep. Kam Buckner
Apr 18, 2024HouseChief Co-Sponsor Changed to Rep. Kam Buckner
Apr 18, 2024HouseAdded Co-Sponsor Rep. Dagmara Avelar
Apr 18, 2024HousePlaced on Calendar Order of 3rd Reading - Short Debate
Apr 18, 2024HouseThird Reading - Short Debate - Passed 104-000-000
Apr 19, 2024SenateArrive in Senate
Apr 19, 2024SenatePlaced on Calendar Order of First Reading
Apr 19, 2024SenateChief Senate Sponsor Sen. Celina Villanueva
Apr 19, 2024SenateFirst Reading
Apr 19, 2024CommitteeReferred to Assignments · Senate Assignments
May 1, 2024CommitteeAssigned to Executive · Senate Executive
May 1, 2024SenateRule 2-10 Committee Deadline Established As May 10, 2024
May 10, 2024SenateRule 2-10 Committee Deadline Established As May 17, 2024
May 14, 2024SenateAlternate Chief Sponsor Changed to Sen. Don Harmon
May 15, 2024SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
May 15, 2024CommitteeSenate Committee Amendment No. 1 Referred to Assignments · Senate Assignments
May 15, 2024CommitteeSenate Committee Amendment No. 1 Assignments Refers to Executive · Senate Assignments
May 15, 2024SenateSenate Committee Amendment No. 1 Adopted
May 15, 2024CommitteeDo Pass as Amended Executive; 007-004-000 · Senate Executive
May 15, 2024SenatePlaced on Calendar Order of 2nd Reading May 16, 2024
May 16, 2024SenateSecond Reading
May 16, 2024SenatePlaced on Calendar Order of 3rd Reading May 17, 2024
May 17, 2024SenateRule 2-10 Third Reading/Passage Deadline Established As May 24, 2024
May 24, 2024SenateRule 2-10 Third Reading Deadline Established As May 25, 2024
May 25, 2024SenateRule 2-10 Third Reading Deadline Established As May 26, 2024

Jun 26, 2024CommitteePursuant to Senate Rule 3-9(b) / Referred to Assignments · Senate Assignments
Nov 6, 2024CommitteeApproved for Consideration Assignments · Senate Assignments
Nov 6, 2024SenatePlaced on Calendar Order of 3rd Reading November 12, 2024
Nov 19, 2024SenateAdded as Alternate Co-Sponsor Sen. Natalie Toro
Dec 22, 2024CommitteePursuant to Senate Rule 3-9(b) / Referred to Assignments · Senate Assignments
Jan 4, 2025CommitteeApproved for Consideration Assignments · Senate Assignments
Jan 4, 2025SenatePlaced on Calendar Order of 3rd Reading January 5, 2025
Jan 7, 2025HouseSession Sine Die

Roll calls

4 recorded votes: 1 on the floor, 3 in committee. Each shows how every member voted.

Third Reading · Full House

Passed 104–0

Apr 18, 2024 · journal entry

Yes 104 No 0 Not voting 14

Democrats: 72 yes, 0 no Republicans: 32 yes, 0 no

How each member voted

Yes · 104

Not voting · 5

Absent · 2

Excused · 7

Committee and other votes

Date	Where	Question	Result
Apr 4, 2024	House Small Business, Tech Innovation	Small Business, Tech Innovation - Do Pass Members Yes · 12 Abdelnasser RashidD Blaine WilhourR Carol AmmonsD Edgar González, Jr.D Janet Yang RohrD Jay HoffmanD Jed DavisR Jennifer SanalitroR Katie StuartD Mary GillD Randy E. FreseR Suzanne M. NessD	Passed 12–0
May 15, 2024	Senate Executive	Executive - Do Pass As Amended Members Yes · 7 Bill CunninghamD Cristina CastroD Laura M. MurphyD Linda HolmesD Mattie HunterD Napoleon Harris IIID Omar AquinoD No · 4 Jil TracyR John F. CurranR Neil AndersonR Sue RezinR Not voting · 2 Don HarmonD Kimberly A. LightfordD	Passed 7–4
May 15, 2024	Senate Executive	Senate Committee Amendment No. 1 - Executive - Be Adopted Members Yes · 11 Bill CunninghamD Cristina CastroD Jil TracyR John F. CurranR Laura M. MurphyD Linda HolmesD Mattie HunterD Napoleon Harris IIID Neil AndersonR Omar AquinoD Sue RezinR Not voting · 2 Don HarmonD Kimberly A. LightfordD	11–0