# Illinois HB5407: FINANCE-IFA ETHICS

Illinois HB5407, FINANCE-IFA ETHICS, is a 104th General Assembly (2025–2026) House bill sponsored by Ann M. Williams (Democratic); status in committee, last action 2026-03-27 (House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-HB5407-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois HB5407
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: FINANCE-IFA ETHICS
- Status: in committee
- Chamber: House
- Introduced: 2026-02-06
- Last action: 2026-03-27, House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
- Sponsor: Ann M. Williams (Democratic)
- Cosponsors: 0
- Subjects: executive
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Amends the Illinois Finance Authority Act. In provisions concerning bond authorization and financing limits for clean coal projects, coal projects, energy efficiency projects, PACE projects, and renewable energy projects, provides that the limitations apply to outstanding bonds (instead of issued bonds). Provides that those limitations do not include bonds issued to refund the bonds of the Illinois Finance Authority or bonds of predecessor authorities. Provides that no member, officer, or employee of the Illinois Finance Authority may be in any manner financially interested in any contract or agreement upon which that person may be called to act or vote. Requires those members, officers, and employees to abstain from deliberating or voting on the award or material modification of any contract or agreement in which that person holds a financial interest. Provides that no member, officer, or employee of the Illinois Finance Authority may take or receive, or offer to take or receive, any money or other thing of value as a gift, bribe, or means of influencing that person's vote or action in that person's official capacity. Amends the Public Officer Prohibited Activities Act. Provides that certain provisions do not apply to the members and officers of the Illinois Finance Authority. Makes other changes.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Ann M. Williams (Democratic), House

## Actions (9)

- 2026-03-27: House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee (House)
- 2026-03-27: Rule 19(a) / Re-referred to Rules Committee (House)
- 2026-03-25: House Committee Amendment No. 1 Rules Refers to Executive Committee (House)
- 2026-03-24: House Committee Amendment No. 1 Referred to Rules Committee (House)
- 2026-03-24: House Committee Amendment No. 1 Filed with Clerk by Rep. Ann M. Williams (House)
- 2026-03-18: Assigned to Executive Committee (House)
- 2026-02-13: Referred to Rules Committee (House)
- 2026-02-13: First Reading (House)
- 2026-02-06: Filed with the Clerk by Rep. Ann M. Williams (House)

## Bill text

- House Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB5407ham001.pdf)
- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB5407.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
- [House Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB5407ham001.pdf)
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB5407.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-HB5407-2025-2026 (as of 2026-11-01).