Illinois · Senate Bill 3807 · 103rd General Assembly

BUILD ILLINOIS ACT-LOAN LIMIT

SB 3807 Sponsored by Celina Villanueva Became law

  1. Introduced Feb 9, 2024
  2. In committee Feb 9, 2024
  3. Passed the Senate Apr 12, 2024
  4. Passed the House May 23, 2024
  5. To the governor Jun 21, 2024
  6. Became law Aug 9, 2024

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

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

Show the 26 earlier steps
  1. SenateFiled with Secretary by Sen. Celina Villanueva
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Executive · Senate Executive
  5. SenateAdded as Chief Co-Sponsor Sen. Paul Faraci
  6. CommitteeDo Pass Executive; 011-000-000 · Senate Executive
  7. SenatePlaced on Calendar Order of 2nd Reading March 12, 2024
  8. SenateSecond Reading
  9. SenatePlaced on Calendar Order of 3rd Reading March 20, 2024
  10. SenatePlaced on Calendar Order of 3rd Reading **
  11. SenateAdded as Co-Sponsor Sen. Mary Edly-Allen
  12. SenateThird Reading - Passed; 054-003-000
  13. HouseArrived in House
  14. HouseChief House Sponsor Rep. Carol Ammons
  15. HouseFirst Reading
  16. CommitteeReferred to Rules Committee · House Rules
  17. CommitteeAssigned to Small Business, Tech Innovation, and Entrepreneurship Committee · House Small Business, Tech Innovation
  18. CommitteeDo Pass / Short Debate Small Business, Tech Innovation, and Entrepreneurship Committee; 010-000-000 · House Small Business, Tech Innovation
  19. HousePlaced on Calendar 2nd Reading - Short Debate
  20. HouseSecond Reading - Short Debate
  21. HouseHeld on Calendar Order of Second Reading - Short Debate
  22. HouseThird Reading/Final Action Deadline Extended-9(b) May 24, 2024
  23. HouseAdded Alternate Chief Co-Sponsor Rep. Dagmara Avelar
  24. HousePlaced on Calendar Order of 3rd Reading - Short Debate
  25. HouseThird Reading - Short Debate - Passed 109-000-000
  26. SenatePassed Both Houses
  1. HouseAdded Alternate Chief Co-Sponsor Rep. Curtis J. Tarver, II
  2. HouseAdded Alternate Chief Co-Sponsor Rep. Yolonda Morris
  3. HouseAdded Alternate Chief Co-Sponsor Rep. Brandun Schweizer
  4. HouseAdded Alternate Co-Sponsor Rep. Kevin Schmidt
  5. SenateSent to the Governor
  6. SenateGovernor Approved
  7. SenateEffective Date January 1, 2025
  8. SenatePublic Act . . . . . . . . . 103-1051

Roll calls

4 recorded votes: 2 on the floor, 2 in committee. Each shows how every member voted.

Third Reading · Full Senate

Passed 54–3
Apr 12, 2024 · journal entry
Yes 54 No 3 Not voting 2
Democrats: 40 yes, 0 no Republicans: 14 yes, 3 no
How each member voted

Yes · 54

No · 3

Not voting · 2

Third Reading · Full House

Passed 109–0
May 23, 2024 · journal entry
Yes 109 No 0 Not voting 8
Democrats: 72 yes, 0 no Republicans: 37 yes, 0 no
How each member voted

Yes · 109

Not voting · 3

Excused · 5

Committee and other votes

DateWhereQuestionResult
Mar 6, 2024 Senate Executive Executive - Do Pass
Members

Yes · 11

Not voting · 2

 11–0
May 2, 2024 House Small Business, Tech Innovation Small Business, Tech Innovation - Do Pass
Members

Yes · 10

Not voting · 2

 Passed 10–0

Sponsors

The member who introduced it, joined by 7 cosponsors: 5 Democrats, 2 Republicans.

All 7 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.