# Illinois SB1301: FUNDS-COMMUNITY REINVESTMENT

Illinois SB1301, FUNDS-COMMUNITY REINVESTMENT, is a 104th General Assembly (2025–2026) Senate bill sponsored by Mattie Hunter (Democratic); status signed, last action 2025-08-01 (Public Act . . . . . . . . . 104-0092) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-SB1301-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois SB1301
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: FUNDS-COMMUNITY REINVESTMENT
- Status: signed
- Chamber: Senate
- Introduced: 2025-01-28
- Last action: 2025-08-01, Public Act . . . . . . . . . 104-0092
- Sponsor: Mattie Hunter (Democratic)
- Cosponsors: 5
- Subjects: assignments, financial institutions, financial institutions and licensing
- Touches household money: no
- Roll calls: 4 (183 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Provides that the State Treasurer or any public agency may consider the current and historical ratings that a financial institution has received under the Illinois Community Reinvestment Act when deciding whether to deposit State or public funds in that financial institution. Provides that, effective January 1, 2026, no State or public funds may be deposited in a financial institution subject to the Illinois Community Reinvestment Act unless either (i) the institution has a current rating of satisfactory or outstanding under the Illinois Community Reinvestment Act or (ii) the Department of Financial and Professional Regulation has not yet completed its initial examination of the institution pursuant to the Illinois Community Reinvestment Act. Makes conforming changes. Effective January 1, 2026.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Mattie Hunter (Democratic), Senate
- Cosponsor: Camille Y. Lilly (Democratic), House
- Cosponsor: Kimberly A. Lightford (Democratic), Senate
- Cosponsor: Kimberly Du Buclet (Democratic), House
- Cosponsor: Mark L. Walker (Democratic), Senate
- Cosponsor: Thaddeus Jones (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-05-21 | House | Third Reading - Short Debate - Passed | pass | 108 | 0 |   |
| 2025-04-29 | House | Do Pass / Short Debate Financial Institutions and Licensing Committee; | pass | 11 | 0 |   |
| 2025-04-09 | Senate | Third Reading - Passed; | pass | 56 | 0 |   |
| 2025-02-26 | Senate | Do Pass as Amended Financial Institutions; | pass | 8 | 0 |   |

## Bill text

- Engrossed: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1301eng.pdf)
- Enrolled: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1301enr.pdf)
- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1301.pdf)
- Senate Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1301sam001.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/SB/PDF/10400SB1301eng.pdf)
- [Enrolled (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1301enr.pdf)
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1301.pdf)
- [Senate Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/SB/PDF/10400SB1301sam001.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-SB1301-2025-2026 (as of 2026-11-01).