HB 5407 Illinois House · 104th Regular Session

FINANCE-IFA ETHICS

Summary
Amends the Illinois Finance Authority Act. In provisions concerning bond authorization and financing limits for clean coal projects, coal projects, energy efficiency projects, PACE projects, and renewable energy projects, provides that the limitations apply to outstanding bonds (instead of issued bonds). Provides that those limitations do not include bonds issued to refund the bonds of the Illinois Finance Authority or bonds of predecessor authorities. Provides that no member, officer, or employee of the Illinois Finance Authority may be in any manner financially interested in any contract or agreement upon which that person may be called to act or vote. Requires those members, officers, and employees to abstain from deliberating or voting on the award or material modification of any contract or agreement in which that person holds a financial interest. Provides that no member, officer, or employee of the Illinois Finance Authority may take or receive, or offer to take or receive, any money or other thing of value as a gift, bribe, or means of influencing that person's vote or action in that person's official capacity. Amends the Public Officer Prohibited Activities Act. Provides that certain provisions do not apply to the members and officers of the Illinois Finance Authority. Makes other changes.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2026 Last action Mar 27, 2026
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
9
Key actions
1
Committee
6
Amendments
1
Mar 27, 2026
Committee
House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
lower
Mar 27, 2026
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 25, 2026
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Executive Committee
lower
Mar 24, 2026
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 24, 2026
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Ann M. Williams
lower
Mar 18, 2026
Committee
Assigned to Executive Committee
lower
Feb 13, 2026
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Ann Williams
Ann Williams
DDemocratic
IL
11