# Illinois HB4273: CORPORATE OPPORTUNITIES Illinois HB4273, CORPORATE OPPORTUNITIES, is a 104th General Assembly (2025–2026) House bill sponsored by no sponsor on record; status signed, last action 2026-08-04 (Public Act . . . . . . . . . 104-0752); PRIA reads it as touching household money (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/IL-HB4273-2025-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Illinois HB4273 - State: Illinois - Session: 104th General Assembly (2025–2026) - Title: CORPORATE OPPORTUNITIES - Status: signed - Chamber: House - Introduced: 2026-01-05 - Last action: 2026-08-04, Public Act . . . . . . . . . 104-0752 - Sponsors: no sponsor on record - Cosponsors: 28 - Subjects: judiciary - civil, assignments, judiciary, executive - Touches household money: yes - Roll calls: 9 (245 yes, 106 no in all) - Economic provisions PRIA read: 2 ## Summary Amends the Business Corporation Act of 1983. Provides that, subject to any contrary provision in the articles of incorporation of a corporation, a director, officer, key employee, or other fiduciary of the corporation shall not take advantage of a corporate opportunity unless the person first tenders the opportunity to the corporation and the corporation rejects the opportunity. Provides that, if the rejection is by a disinterested board of directors or by disinterested shareholder action, the director, officer, key employee, or other fiduciary of the corporation may then take advantage of the opportunity. Effective immediately. ## Bill overview: provisions PRIA read - Illinois tightens fire insurance rate rules: benefit, medium. Starting July 1, 2027, Illinois reviews rate filings for covered fire and extended-coverage policies. Rates cannot be excessive, inadequate, or unfairly discriminatory, and insurers must use reliable Illinois loss data when available. Insurers can add broader data when needed, but cannot use it to… - Homeowners get more renewal notice: benefit, low. Starting July 1, 2027, insurers must give at least 60 days’ notice before a renewal increase over 10% on covered policies. This notice rule does not block the increase, and it excludes changes policyholders request, changes in exposure, and excluded insurance lines. Insurers can send deductible or… ## Sponsors and cosponsors - Cosponsor: Aarón M. Ortíz (Democratic), House - Cosponsor: Barbara Hernandez (Democratic), House - Cosponsor: Bob Morgan (Democratic), House - Cosponsor: Christopher Belt (Democratic), Senate - Cosponsor: Cristina Castro (Democratic), Senate - Cosponsor: Dagmara Avelar (Democratic), House - Cosponsor: Debbie Meyers-Martin (Democratic), House - Cosponsor: Doris Turner (Democratic), Senate - Cosponsor: Elgie R. Sims, Jr. (Democratic), Senate - Cosponsor: Janet Yang Rohr (Democratic), House - Cosponsor: Jawaharial Williams (Democratic), House - Cosponsor: Justin Cochran (Democratic), House - Cosponsor: Kelly M. Cassidy (Democratic), House - Cosponsor: Lilian Jiménez (Democratic), House - Cosponsor: Mary Edly-Allen (Democratic), Senate - Cosponsor: Maura Hirschauer (Democratic), House - Cosponsor: Meg Loughran Cappel (Democratic), Senate - Cosponsor: Michael E. Hastings (Democratic), Senate - Cosponsor: Michael W. Halpin (Democratic), Senate - Cosponsor: Michelle Mussman (Democratic), House - Cosponsor: Mike Porfirio (Democratic), Senate - Cosponsor: Norma Hernandez (Democratic), House - Cosponsor: Rachel Ventura (Democratic), Senate - Cosponsor: Rita Mayfield (Democratic), House - Cosponsor: Sara Feigenholtz (Democratic), Senate - Cosponsor: Suzanne M. Ness (Democratic), House - Cosponsor: Suzy Glowiak Hilton (Democratic), Senate - Cosponsor: Thaddeus Jones (Democratic), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-05-27 | House | Senate Floor Amendment No. 1 House Concurs | pass | 72 | 38 | | | 2026-05-21 | House | Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Executive Committee; | pass | 8 | 4 | | | 2026-05-13 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Insurance; | pass | 9 | 3 | | | 2026-05-13 | Senate | Senate Floor Amendment No. 1 Recommend Do Adopt Insurance; | pass | 9 | 3 | 1 | | 2026-05-13 | Senate | Third Reading - Passed; | pass | 43 | 14 | 1 | | 2026-05-06 | Senate | Do Pass Judiciary; | pass | 9 | 0 | | | 2026-05-06 | Senate | Do Pass Judiciary; | pass | 9 | 0 | 1 | | 2026-04-14 | House | Third Reading - Standard Debate - Passed | pass | 73 | 37 | | | 2026-03-19 | House | Do Pass / Short Debate Judiciary - Civil Committee; | pass | 13 | 7 | | ## Actions (69) - 2026-08-04: Public Act . . . . . . . . . 104-0752 (House) - 2026-08-04: Effective Date July 1, 2027 (House) - 2026-08-04: Governor Approved (House) - 2026-06-25: Sent to the Governor (House) - 2026-06-10: Added as Alternate Co-Sponsor Sen. Christopher Belt (Senate) - 2026-06-10: Added as Alternate Co-Sponsor Sen. Suzy Glowiak Hilton (Senate) - 2026-06-09: Added as Alternate Co-Sponsor Sen. Mary Edly-Allen (Senate) - 2026-06-09: Added as Alternate Co-Sponsor Sen. Michael W. Halpin (Senate) - 2026-05-28: Added as Alternate Co-Sponsor Sen. Elgie R. Sims, Jr. (Senate) - 2026-05-27: Added Co-Sponsor Rep. Lilian Jiménez (House) - 2026-05-27: Added Co-Sponsor Rep. Norma Hernandez (House) - 2026-05-27: Added Co-Sponsor Rep. Barbara Hernandez (House) - 2026-05-27: Added Co-Sponsor Rep. Justin Cochran (House) - 2026-05-27: Passed Both Houses (House) - 2026-05-27: Added Co-Sponsor Rep. Kelly M. Cassidy (House) - 2026-05-27: Added Co-Sponsor Rep. Janet Yang Rohr (House) - 2026-05-27: Added Co-Sponsor Rep. Debbie Meyers-Martin (House) - 2026-05-27: Added Co-Sponsor Rep. Suzanne M. Ness (House) - 2026-05-27: Added Chief Co-Sponsor Rep. Jawaharial Williams (House) - 2026-05-27: House Concurs (House) - 2026-05-27: Senate Floor Amendment No. 1 House Concurs 072-038-000 (House) - 2026-05-27: Added Co-Sponsor Rep. Michelle Mussman (House) - 2026-05-27: Added Co-Sponsor Rep. Dagmara Avelar (House) - 2026-05-27: Added Co-Sponsor Rep. Aarón M. Ortíz (House) - 2026-05-27: Added Co-Sponsor Rep. Bob Morgan (House) - 2026-05-27: Added Co-Sponsor Rep. Rita Mayfield (House) - 2026-05-21: Added Co-Sponsor Rep. Maura Hirschauer (House) - 2026-05-21: Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Executive Committee; 008-004-000 (House) - 2026-05-20: Senate Floor Amendment No. 1 Motion to Concur Rules Referred to Executive Committee (House) - 2026-05-20: Senate Floor Amendment No. 1 Motion Filed Concur Rep. Thaddeus Jones (House) - 2026-05-14: Chief Sponsor Changed to Rep. Thaddeus Jones (House) - 2026-05-14: Added as Alternate Co-Sponsor Sen. Sara Feigenholtz (Senate) - 2026-05-14: Added as Alternate Co-Sponsor Sen. Rachel Ventura (Senate) - 2026-05-14: Added as Alternate Chief Co-Sponsor Sen. Meg Loughran Cappel (Senate) - 2026-05-13: Added as Alternate Chief Co-Sponsor Sen. Cristina Castro (Senate) - 2026-05-13: Added as Alternate Chief Co-Sponsor Sen. Doris Turner (Senate) - 2026-05-13: Placed on Calendar Order of Concurrence Senate Amendment(s) 1 (House) - 2026-05-13: Arrived in House (House) - 2026-05-13: Third Reading - Passed; 043-014-001 (Senate) - 2026-05-13: Placed on Calendar Order of 3rd Reading (Senate) - 2026-05-13: Senate Floor Amendment No. 1 Adopted; Hastings (Senate) - 2026-05-13: Recalled to Second Reading (Senate) - 2026-05-13: Senate Floor Amendment No. 1 Recommend Do Adopt Insurance; 009-003-000 (Senate) - 2026-05-12: Added as Alternate Chief Co-Sponsor Sen. Mike Porfirio (Senate) - 2026-05-12: Placed on Calendar Order of 3rd Reading May 13, 2026 (Senate) - 2026-05-12: Second Reading (Senate) - 2026-05-12: Senate Floor Amendment No. 1 Assignments Refers to Insurance (Senate) - 2026-05-11: Senate Floor Amendment No. 1 Referred to Assignments (Senate) - 2026-05-11: Senate Floor Amendment No. 1 Filed with Secretary by Sen. Michael E. Hastings (Senate) - 2026-05-06: Placed on Calendar Order of 2nd Reading May 7, 2026 (Senate) - 2026-05-06: Do Pass Judiciary; 009-000-000 (Senate) - 2026-04-28: Assigned to Judiciary (Senate) - 2026-04-15: Referred to Assignments (Senate) - 2026-04-15: First Reading (Senate) - 2026-04-15: Chief Senate Sponsor Sen. Michael E. Hastings (Senate) - 2026-04-15: Placed on Calendar Order of First Reading (Senate) - 2026-04-15: Arrive in Senate (Senate) - 2026-04-14: Third Reading - Standard Debate - Passed 073-037-000 (House) - 2026-04-14: Placed on Calendar Order of 3rd Reading - Standard Debate (House) - 2026-04-14: Chair Rules Standard Debate (House) - 2026-04-14: Placed on Calendar Order of 3rd Reading - Short Debate (House) - 2026-04-10: Held on Calendar Order of Second Reading - Short Debate (House) - 2026-04-10: Second Reading - Short Debate (House) - 2026-03-19: Placed on Calendar 2nd Reading - Short Debate (House) - 2026-03-19: Do Pass / Short Debate Judiciary - Civil Committee; 013-007-000 (House) - 2026-02-11: Assigned to Judiciary - Civil Committee (House) - 2026-01-14: Referred to Rules Committee (House) - 2026-01-14: First Reading (House) - 2026-01-05: Filed with the Clerk by Rep. Daniel Didech (House) ## Bill text - Engrossed: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4273eng.pdf) - Enrolled: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4273enr.pdf) - Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4273.pdf) - Senate Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4273sam001.pdf) ## Related bills - HB5198: AFFORDABLE HOUSING-CILAS (passed house) - SB1937: PENSION CODE-VARIOUS (passed senate) - HB2563: CONDO-RESERVE STUDY (in committee) - HB4701: LIMITATIONS FACILITY FEES ACT (in committee) - SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate) - SB3484: VEH CD-PLATES-REGISTRATION (signed) ## Sources - [Engrossed (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4273eng.pdf) - [Enrolled (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4273enr.pdf) - [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4273.pdf) - [Senate Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4273sam001.pdf) ## Related - [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026) - [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026) - [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026) - [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026) - [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026) - [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026) - [Illinois bills](https://policyrisk.com/states/illinois/bills) - [Illinois state hub](https://policyrisk.com/states/illinois) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IL-HB4273-2025-2026 (as of 2026-11-01).