IllinoisSB1975104th General Assembly (2025–2026)Senate

SECURITIES-ADDITIONAL FEES

Sponsored By: Lakesia Collins (Democratic)

In Committee

Summary

Amends the Illinois Securities Law of 1953. Provides that the Secretary of State may provide funds for restitution assistance to victims that were awarded restitution in a final order issued by a court of competent jurisdiction in a legal action initiated by the Secretary of State and who have not received the full amount of restitution ordered one year after the date of the final order. Provides that the Secretary of State may adopt rules to implement this provision, including, but not be limited to, eligibility requirements for a restitution assistance award, applicable deadlines for applying for the award, and caps on the amount of restitution awards available from the Secretary of State. Provides that various additional fees collected by the Secretary of States shall be deposited into the Secretary of State Special Services Fund.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Lakesia Collins

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

    6/2/2025Senate
  2. Rule 3-9(a) / Re-referred to Assignments

    6/2/2025Senate
  3. Rule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025

    5/23/2025Senate
  4. Rule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025

    5/9/2025Senate
  5. Rule 2-10 Committee Deadline Established As May 9, 2025

    4/11/2025Senate
  6. Rule 2-10 Committee Deadline Established As April 11, 2025

    3/21/2025Senate
  7. Senate Committee Amendment No. 1 Assignments Refers to Appropriations

    3/19/2025Senate
  8. Senate Committee Amendment No. 1 Referred to Assignments

    3/18/2025Senate
  9. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Lakesia Collins

    3/18/2025Senate
  10. Assigned to Appropriations

    3/18/2025Senate
  11. Referred to Assignments

    2/6/2025Senate
  12. First Reading

    2/6/2025Senate
  13. Filed with Secretary by Sen. Lakesia Collins

    2/6/2025Senate

Bill Text

  • Introduced

  • Senate Amendment 1

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