Illinois · Senate Bill 3203 · 104th General Assembly

$DCEO-GRANT-EMPLOYEE OWNERS

SB 3203 Sponsored by Lakesia Collins In committee

  1. Introduced Feb 2, 2026
  2. In committee Feb 2, 2026
  3. Passed the Senate Next
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

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

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.

Every action

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

  1. SenateFiled with Secretary by Sen. Lakesia Collins
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

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.