Bill Status of SB 1975   104th General Assembly

Short Description:  SECURITIES-ADDITIONAL FEES

Senate Sponsors
Sen. Lakesia Collins

Last Action  View All Actions

DateChamber Action
  6/2/2025SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
815 ILCS 5/5from Ch. 121 1/2, par. 137.5
815 ILCS 5/6from Ch. 121 1/2, par. 137.6
815 ILCS 5/7from Ch. 121 1/2, par. 137.7
815 ILCS 5/11from Ch. 121 1/2, par. 137.11
815 ILCS 5/11cfrom Ch. 121 1/2, par. 137.11c
815 ILCS 5/18.1

Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/6/2025SenateFiled with Secretary by Sen. Lakesia Collins
  2/6/2025SenateFirst Reading
  2/6/2025SenateReferred to Assignments
  3/18/2025SenateAssigned to Appropriations
  3/18/2025SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Lakesia Collins
  3/18/2025SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/19/2025SenateSenate Committee Amendment No. 1 Assignments Refers to Appropriations
  3/21/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025
  4/11/2025SenateRule 2-10 Committee Deadline Established As May 9, 2025
  5/9/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As May 23, 2025
  5/23/2025SenateRule 2-10 Committee/3rd Reading Deadline Established As June 1, 2025
  6/2/2025SenateRule 3-9(a) / Re-referred to Assignments
  6/2/2025SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

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