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STATE BILLIL HB 5264ENGROSSED
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DCEO-SMALL BUSINESS LOANS

State of Illinois

Reinserts the provisions of the introduced bill with changes. Provides that the Department of Commerce and Economic Opportunity shall establish a loan program to provide low interest loans to small businesses that have been negatively impacted by an economic shock (in the introduced bill, federal immigration enforcement). Renames the Federal Immigration Recovery Fund the Economic Recovery Fund. Provides that the Department of Commerce and Economic Opportunity is authorized to provide participating lenders with an administrative or origination fee, in an amount determined by the Department, to cover the costs of loan origination and servicing. Provides that the State shall provide a 100% guarantee on loans issued under the amendatory Act. Provides that participating lenders shall act as originators and servicers of loans and shall not be required to deploy their own capital. Effective immediately.

Status
Engrossed
Passed its first chamber
Status date
Apr 17, 2026
209 days ago
Current chamber
Senate
Session
2025-2026 Regular Session
IL HB 5264 · EngrossedApr 17

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Bill details

Last action
Rule 3-9(a) / Re-referred to Assignments · May 22, 2026
Pending committee
Assignments

Sponsors

EHElizabeth HernandezRepresentative · Democrat · HD-002Primary sponsor
KVKarina VillaSenator · Democrat · SD-025Primary sponsor

Bill history

Newest first.

May 22, 2026Rule 3-9(a) / Re-referred to AssignmentsSenate
May 15, 2026Rule 2-10 Committee Deadline Established As May 22, 2026Senate
May 8, 2026Rule 2-10 Committee Deadline Established As May 15, 2026Senate
Apr 28, 2026Assigned to AppropriationsSenate
Apr 21, 2026Referred to AssignmentsSenate
Apr 21, 2026First ReadingSenate
Apr 21, 2026Chief Senate Sponsor Sen. Karina VillaSenate
Apr 21, 2026Placed on Calendar Order of First ReadingSenate
Show 16 earlier actions
Apr 21, 2026Arrive in SenateSenate
Apr 17, 2026Third Reading - Short Debate - Passed 063-034-000House
Apr 17, 2026Placed on Calendar Order of 3rd Reading - Short DebateHouse
Apr 17, 2026House Floor Amendment No. 1 AdoptedHouse
Apr 15, 2026House Floor Amendment No. 1 Recommends Be Adopted Economic Opportunity & Equity Committee; 005-002-000House
Apr 15, 2026House Floor Amendment No. 1 Rules Refers to Economic Opportunity & Equity CommitteeHouse
Apr 14, 2026House Floor Amendment No. 1 Referred to Rules CommitteeHouse
Apr 14, 2026House Floor Amendment No. 1 Filed with Clerk by Rep. Elizabeth "Lisa" HernandezHouse
Apr 10, 2026Held on Calendar Order of Second Reading - Short DebateHouse
Apr 10, 2026Second Reading - Short DebateHouse
Mar 26, 2026Placed on Calendar 2nd Reading - Short DebateHouse
Mar 25, 2026Do Pass / Short Debate Economic Opportunity & Equity Committee; 005-002-000House
Mar 18, 2026Assigned to Economic Opportunity & Equity CommitteeHouse
Feb 10, 2026Referred to Rules CommitteeHouse
Feb 10, 2026First ReadingHouse
Feb 5, 2026Filed with the Clerk by Rep. Elizabeth "Lisa" HernandezHouse

Recorded votes

House Economic Opportunity & Equity CommitteeMar 25, 2026 · House · 5 yea · 2 nayPassed
House Economic Opportunity & Equity CommitteeApr 15, 2026 · House · 5 yea · 2 nayPassed
House Third ReadingApr 17, 2026 · House · 63 yea · 34 nayPassed

Read the bill at the source

This page follows the bill as the legislature records it. For the bill's full text and the official record, use the legislature's own site.

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Bill data from LegiScan, licensed under CC BY 4.0.

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