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<xml>
<title>Illinois General Assembly - Bill Status for SR 541          </title>
<shortdesc>REVISE RETENTION POLICY</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Ram Villivalam-Javier L. Cervantes-Willie Preston-David Koehler, Robert Peters and Emil Jones, III</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<SynopsisText>     Urges all stakeholders and policymakers to collaborate and consider how to best upgrade public works law in 2024 from retention's across-the-board, capital-draining policy of taking money from all contractors on all projects to a more efficient, nuanced, and tailored approach that protects agencies without forcing cash-strapped contractors to go into debt by providing no interest loans to their government. clients</SynopsisText></synopsis>
<actions>
<statusdate>10/24/2023</statusdate><chamber>Senate</chamber><action>Filed with Secretary</action>
<statusdate>10/24/2023</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Javier L. Cervantes</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Willie Preston</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. David Koehler</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Robert Peters</action>
<statusdate>10/25/2023</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Emil Jones, III</action>
<statusdate>1/7/2025</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

