Illinois · Senate Bill 3086 · 104th General Assembly

STATE PERMITTED INVESTMENTS

SB 3086 Sponsored by Ram Villivalam Became law

  1. Introduced Jan 29, 2026
  2. In committee Jan 29, 2026
  3. Passed the Senate Apr 29, 2026
  4. Passed the House May 22, 2026
  5. To the governor Jun 29, 2026
  6. Became law Aug 25, 2026

What it does

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

Amends the Deposit of State Moneys Act. Provides that the State Treasurer may invest or reinvest any State money in private placement fixed income securities that are exempt from the registration requirements of the Securities and Exchange Commission if specified conditions are satisfied. Effective immediately.

Every action

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

Show the 42 earlier steps
  1. SenateFiled with Secretary by Sen. Ram Villivalam
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to State Government · Senate State Government
  5. SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam
  6. CommitteeSenate Committee Amendment No. 1 Referred to Assignments · Senate Assignments
  7. CommitteeSenate Committee Amendment No. 1 Assignments Refers to State Government · Senate State Government
  8. SenateRule 2-10 Committee Deadline Established As March 27, 2026
  9. SenateRule 2-10 Committee Deadline Established As April 24, 2026
  10. SenateSenate Committee Amendment No. 1 Adopted
  11. CommitteeDo Pass as Amended State Government; 008-000-000 · Senate State Government
  12. SenatePlaced on Calendar Order of 2nd Reading April 16, 2026
  13. SenateSecond Reading
  14. SenatePlaced on Calendar Order of 3rd Reading April 17, 2026
  15. SenateRule 2-10 Third Reading Deadline Established As May 8, 2026
  16. SenateThird Reading - Passed; 047-007-000
  17. HouseArrived in House
  18. HouseChief House Sponsor Rep. Kevin John Olickal
  19. HouseFirst Reading
  20. CommitteeReferred to Rules Committee · House Rules
  21. CommitteeAssigned to State Government Administration Committee · House State Government Administration
  22. HouseCommittee Deadline Extended-Rule 9(b) May 15, 2026
  23. CommitteeDo Pass / Short Debate State Government Administration Committee; 008-000-000 · House State Government Administration
  24. HousePlaced on Calendar 2nd Reading - Short Debate
  25. HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Kevin John Olickal
  26. CommitteeHouse Floor Amendment No. 1 Referred to Rules Committee · House Rules
  27. CommitteeHouse Floor Amendment No. 1 Rules Refers to State Government Administration Committee · House State Government Administration
  28. HouseSecond Reading - Short Debate
  29. HouseHeld on Calendar Order of Second Reading - Short Debate
  30. HouseAdded Alternate Chief Co-Sponsor Rep. Marcus C. Evans, Jr.
  31. HouseAdded Alternate Chief Co-Sponsor Rep. Diane Blair-Sherlock
  32. HouseAdded Alternate Chief Co-Sponsor Rep. Rick Ryan
  33. HouseAdded Alternate Chief Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
  34. CommitteeHouse Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 008-000-000 · House State Government Administration
  35. HouseHouse Floor Amendment No. 1 Adopted by Voice Vote
  36. HousePlaced on Calendar Order of 3rd Reading - Short Debate
  37. HouseThird Reading - Short Debate - Passed 073-026-000
  38. SenateSecretary's Desk - Concurrence House Amendment(s) 1
  39. SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 25, 2026
  40. SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Ram Villivalam
  41. CommitteeHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments · Senate Assignments
  42. CommitteeHouse Floor Amendment No. 1 Motion to Concur Assignments Referred to State Government · Senate State Government
  1. CommitteeHouse Floor Amendment No. 1 Motion To Concur Recommended Do Adopt State Government; 007-000-000 · Senate State Government
  2. SenateHouse Floor Amendment No. 1 Senate Concurs 051-006-000
  3. SenateSenate Concurs
  4. SenatePassed Both Houses
  5. SenateSent to the Governor
  6. SenateGovernor Approved
  7. SenateEffective Date August 25, 2026
  8. SenatePublic Act . . . . . . . . . 104-0853

Roll calls

8 recorded votes: 3 on the floor, 5 in committee. Each shows how every member voted.

Third Reading · Full Senate

Passed 47–7
Apr 29, 2026 · journal entry
Yes 47 No 7 Not voting 5
Democrats: 38 yes, 0 no Republicans: 9 yes, 7 no
How each member voted

Yes · 47

No · 7

Not voting · 5

Third Reading · Full House

Passed 73–26
May 22, 2026 · journal entry
Yes 73 No 26 Not voting 19
Democrats: 65 yes, 0 no Republicans: 8 yes, 26 no
How each member voted

Yes · 73

No · 26

Not voting · 2

Excused · 17

House Floor Amendment No. 1 - Concurrence · Full Senate

Passed 51–6
May 31, 2026 · journal entry
Yes 51 No 6 Not voting 2
Democrats: 39 yes, 0 no Republicans: 12 yes, 6 no
How each member voted

Yes · 51

No · 6

Not voting · 2

Committee and other votes

DateWhereQuestionResult
Apr 15, 2026 Senate State Government State Government - Do Pass As Amended
Members

Yes · 8

Not voting · 2

 Passed 8–0
Apr 15, 2026 Senate State Government Senate Committee Amendment No. 1 - State Government - Be Adopted
Members

Yes · 8

Not voting · 2

 Passed 8–0
May 13, 2026 House State Government Administration State Government Administration - Do Pass
Members

Yes · 8

Not voting · 1

 Passed 8–0
May 20, 2026 House State Government Administration House Floor Amendment No. 1 - State Government Administration - Recommends Be Adopted
Members

Yes · 8

Not voting · 1

 Passed 8–0
May 29, 2026 Senate State Government House Floor Amendment No. 1 - State Government - Recommend Do Adopt
Members

Yes · 7

Not voting · 3

 Passed 7–0

Sponsors

The member who introduced it, joined by 4 cosponsors: 4 Democrats.

All 4 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.