SB 2949 Illinois Senate · 103rd Regular Session

PREJUDGMENT INTEREST-REDUCTION

Summary
Amends the Code of Civil Procedure. In a provision concerning actions brought to recover damages for personal injury or wrongful death, changes the prejudgment interest rate to 5% per annum instead of 6% per annum. Effective immediately.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2024 Last action Jan 31, 2024
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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Jan 31, 2024
Committee
Referred to Assignments
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Jil Tracy
Jil Tracy
RRepublican
IL
50