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<title>Illinois General Assembly - Bill Status for HB 4588         </title>
<shortdesc>INS-RISK RETENTION COMPANIES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Ann M. Williams-Jay Hoffman, Jaime M. Andrade, Jr., Brad Stephens and William "Will" Davis</sponsors>
<sponsorhead2>Senate Sponsors</sponsorhead2><altsponsors>(Sen. Robert F. Martwick)</altsponsors>
</sponsor>
<lastaction>
<statusdate>8/9/2024</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 103-0823</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>5 ILCS 80/4.37</reference><aliasreference></aliasreference><SynopsisText>     Amends the Regulatory Sunset Act. Removes a provision repealing the Risk Retention Companies Article of the Illinois Insurance Code on January 1, 2027. Effective immediately.</SynopsisText><synopsistitle>Senate Committee Amendment No. 1</synopsistitle>
<reftype>Adds reference to:</reftype><reference>215 ILCS 5/123B-15 new</reference><aliasreference></aliasreference><SynopsisText>Replaces everything after the enacting clause. Amends the Illinois Insurance Code. Provides that the Risk Retention Companies Article is repealed on January 1, 2057. Amends the Regulatory Sunset Act to make a conforming change. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/26/2024</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Ann M. Williams</action>
<statusdate>1/31/2024</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/31/2024</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/8/2024</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Jay Hoffman</action>
<statusdate>2/14/2024</statusdate><chamber>House</chamber><action>Assigned to Insurance Committee</action>
<statusdate>3/4/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jaime M. Andrade, Jr.</action>
<statusdate>3/4/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Brad Stephens</action>
<statusdate>3/5/2024</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. William "Will" Davis</action>
<statusdate>3/5/2024</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Insurance Committee;  010-000-000</action>
<statusdate>3/6/2024</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>4/12/2024</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>4/12/2024</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>4/16/2024</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 111-000-000</action>
<statusdate>4/17/2024</statusdate><chamber>Senate</chamber><action>Arrive in Senate</action>
<statusdate>4/17/2024</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of First Reading</action>
<statusdate>4/17/2024</statusdate><chamber>Senate</chamber><action>Chief Senate Sponsor Sen. Robert F. Martwick</action>
<statusdate>4/17/2024</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>4/17/2024</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>5/9/2024</statusdate><chamber>Senate</chamber><action>Assigned to Judiciary</action>
<statusdate>5/9/2024</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 10, 2024</action>
<statusdate>5/10/2024</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 17, 2024</action>
<statusdate>5/14/2024</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick</action>
<statusdate>5/14/2024</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Referred to Assignments</action>
<statusdate>5/14/2024</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Assignments Refers to Judiciary</action>
<statusdate>5/17/2024</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As May 24, 2024</action>
<statusdate>5/21/2024</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Adopted</action>
<statusdate>5/21/2024</statusdate><chamber>Senate</chamber><action>Do Pass as Amended Judiciary;  007-000-000</action>
<statusdate>5/21/2024</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading May 21, 2024</action>
<statusdate>5/21/2024</statusdate><chamber>Senate</chamber><action>Rule 2-10 Third Reading/Passage Deadline Established As May 24, 2024</action>
<statusdate>5/22/2024</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>5/22/2024</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading May 23, 2024</action>
<statusdate>5/23/2024</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 058-000-000</action>
<statusdate>5/24/2024</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>5/24/2024</statusdate><chamber>House</chamber><action>Placed on Calendar Order of Concurrence Senate Amendment(s) 1</action>
<statusdate>5/24/2024</statusdate><chamber>House</chamber><action>Senate Committee Amendment No. 1 Motion Filed Concur Rep. Ann M. Williams</action>
<statusdate>5/24/2024</statusdate><chamber>House</chamber><action>Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee</action>
<statusdate>5/24/2024</statusdate><chamber>House</chamber><action>Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Insurance Committee</action>
<statusdate>5/24/2024</statusdate><chamber>House</chamber><action>Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Insurance Committee;  015-000-000</action>
<statusdate>5/25/2024</statusdate><chamber>House</chamber><action>Senate Committee Amendment No. 1 House Concurs 107-000-000</action>
<statusdate>5/25/2024</statusdate><chamber>House</chamber><action>House Concurs</action>
<statusdate>5/25/2024</statusdate><chamber>House</chamber><action>Passed Both Houses</action>
<statusdate>6/21/2024</statusdate><chamber>House</chamber><action>Sent to the Governor</action>
<statusdate>8/9/2024</statusdate><chamber>House</chamber><action>Governor Approved</action>
<statusdate>8/9/2024</statusdate><chamber>House</chamber><action>Effective Date August 9, 2024</action>
<statusdate>8/9/2024</statusdate><chamber>House</chamber><action>Public Act . . . . . . . . . 103-0823</action>
</actions>
</xml>

