IllinoisHB1435104th General Assembly (2025–2026)HouseWALLET

SECURE CHOICE PROGRAM-IRAS

Sponsored By: Gregg Johnson (Democratic)

In Committee

Summary

Amends the Illinois Secure Choice Savings Program Act. Provides that the accounts established under the Secure Choice Savings Program shall be IRAs, into which enrollees contribute funds that are invested in investment options established by the Illinois Secure Choice Savings Board. Provides that a separate account shall be established for each enrollee and the accounts shall be owned by the enrollee. Provides that the savings accounts established under the Program shall be portable and allow for an enrollee to make contributions from multiple employers into a single account. Provides that an enrollee in the Program may have both a Roth IRA and a Traditional IRA through the Program. Provides that the Board shall have the duty to assess the feasibility of agreements with other governmental entities, including other states and their agencies and instrumentalities, to achieve greater economies of scale through shared resources and to enter into those agreements if determined to be beneficial. Provides that an employer who fails without reasonable cause to enroll an employee in the Program within the time provided and fails to remit their contributions (rather than fails without reasonable cause to enroll an employee in the Program within the time provided) shall be subject to a penalty. Makes changes in provisions concerning employer and employee information packets. Effective immediately.

personnel & pensions

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Gregg Johnson

    Democratic • House

Cosponsors

  • Laura Faver Dias

    Democratic • House

  • Martha Deuter

    Democratic • House

  • Stephanie A. Kifowit

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 15 • No: 8

House vote • 4/8/2025

House Floor Amendment No. 1 Recommends Be Adopted Personnel & Pensions Committee;

Yes: 7 • No: 4

House vote • 2/27/2025

Do Pass / Short Debate Personnel & Pensions Committee;

Yes: 8 • No: 4

Actions Timeline

  1. Added Co-Sponsor Rep. Stephanie A. Kifowit

    4/21/2025House
  2. House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

    4/11/2025House
  3. Rule 19(a) / Re-referred to Rules Committee

    4/11/2025House
  4. House Floor Amendment No. 1 Recommends Be Adopted Personnel & Pensions Committee; 007-004-000

    4/8/2025House
  5. Held on Calendar Order of Second Reading - Short Debate

    3/26/2025House
  6. Second Reading - Short Debate

    3/26/2025House
  7. House Floor Amendment No. 1 Rules Refers to Personnel & Pensions Committee

    3/18/2025House
  8. House Floor Amendment No. 1 Referred to Rules Committee

    3/13/2025House
  9. House Floor Amendment No. 1 Filed with Clerk by Rep. Gregg Johnson

    3/13/2025House
  10. Added Co-Sponsor Rep. Laura Faver Dias

    3/11/2025House
  11. Placed on Calendar 2nd Reading - Short Debate

    2/27/2025House
  12. Added Co-Sponsor Rep. Martha Deuter

    2/27/2025House
  13. Do Pass / Short Debate Personnel & Pensions Committee; 008-004-000

    2/27/2025House
  14. Assigned to Personnel & Pensions Committee

    2/18/2025House
  15. Referred to Rules Committee

    1/28/2025House
  16. First Reading

    1/28/2025House
  17. Filed with the Clerk by Rep. Gregg Johnson

    1/17/2025House

Bill Text

  • House Amendment 1

  • Introduced

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