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<xml>
<title>Illinois General Assembly - Bill Status for HB 3360         </title>
<shortdesc>ABLE ACCOUNT PROGRAM</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Laura Fine-Arthur Turner-Kathleen Willis and Daniel V. Beiser</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>15 ILCS 505/16.6 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the State Treasurer Act. Creates the "Achieving a Better Life Experience" or "ABLE" account plan to encourage and assist individuals and families in saving private funds for the purpose of supporting persons with disabilities in endeavors to maintain health, independence, and quality of life. and to provide secure funding for disability-related expenses on behalf of designated beneficiaries with disabilities that will supplement, but not supplant, benefits provided through private insurance, federal and State medical and disability insurance, the beneficiary's employment, and other sources. Provides that the State Treasurer shall be primarily responsible for the plan but shall work with the Illinois State Board of Investment. Sets forth the requirements of the plan. Requires the State Treasurer to adopt rules to implement the program. Defines required terms. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Laura Fine</action>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/26/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/10/2015</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/13/2015</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/31/2015</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Daniel V. Beiser</action>
<statusdate>4/14/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Arthur Turner</action>
<statusdate>4/20/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Kathleen Willis</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

