SB 343 Illinois Senate · 104th Regular Session

CIVIL LAW-TECH

SB 343 amends the Principal and Income Act by making a technical correction to the section that defines its short title. This change only affects the official naming of the law itself, not its substantive rules or provisions. The bill does not create new requirements, impact any specific groups, or alter legal procedures. It is purely a clerical update to ensure the law's title is accurate and consistent. (1 sentence summary as it is a procedural technical correction.)

Bill status signed all 5 stages cleared

Introduction

May 2026

Committee Review

Jun 2026

Senate Passage

Jun 2026

House Passage

May 2026

Signed into Law

Aug 2026

Introduced May 21, 2026 Signed Aug 7, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed → Enrolled · 4 edits · Aug 7, 2026

MODERATE

The bill was amended to replace the Illinois Antitrust Act with the Eminent Domain Act, shifting the legislation from regulating business competition to authorizing specific land acquisition. This change allows Cook County and Calumet City to use 'quick-take' eminent domain proceedings for a limited two-year period to acquire specific parcels of land for economic development purposes.

Scope change

The bill's scope changed from a statewide regulation of anticompetitive business practices to a localized authorization for land acquisition in Cook County and Calumet City.

SCOPE

The subject matter was completely changed from the Illinois Antitrust Act to the Eminent Domain Act.

ELIGIBILITY

Added eligibility for Cook County and Calumet City to use quick-take eminent domain proceedings for economic development.

TIMELINE

Established a two-year time limit for these proceedings starting from the effective date of the act.

REQUIREMENT

Defined specific legal descriptions of multiple parcels of land in Cook County that are eligible for acquisition.

Floor votes · Senate May 21, 2026 · House May 31, 2026

How they voted

33–21

Passed · 4 other

Total votes 58

May 21, 2026

D Democratic39

33 Yea 2 Nay 4

84% Yea

R Republican19

19 Nay

100% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Aug 7, 2026

Signed into law

Governor Approved

upper

Jun 1, 2026

Upper · Passed

Passed Both Houses

upper

Jun 1, 2026

Upper · Passed

House Committee Amendment No. 1 Senate Concurs 051-006-000

upper

May 31, 2026

Upper · Passed

House Committee Amendment No. 1 Motion to Concur Be Approved for Consideration Assignments

upper

May 31, 2026

Committee

House Committee Amendment No. 1 Motion to Concur Referred to Assignments

upper

May 31, 2026

Introduced

Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2026

upper

May 31, 2026

Introduced

Secretary's Desk - Concurrence House Amendment(s) 1

upper

May 31, 2026

Lower · Passed

Third Reading - Short Debate - Passed 075-034-001

lower

May 29, 2026

Lower · Passed

Do Pass as Amended / Short Debate Executive Committee; 012-000-000

lower

May 29, 2026

Lower · Passed

House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote

lower

May 28, 2026

Lower · Passed

House Committee Amendment No. 1 Rules Refers to Executive Committee

lower

May 28, 2026

Committee

House Committee Amendment No. 1 Referred to Rules Committee

lower

May 28, 2026

Introduced

House Committee Amendment No. 1 Filed with Clerk by Rep. Thaddeus Jones

lower

May 21, 2026

Lower · Passed

Committee/Final Action Deadline Extended-9(b) May 31, 2026

lower

May 21, 2026

Committee

Assigned to Executive Committee

lower

May 21, 2026

Committee

Referred to Rules Committee

lower

May 21, 2026

Introduced

Arrived in House

lower

May 21, 2026

Upper · Passed

Third Reading - Passed; 034-021-000

upper

May 21, 2026

Upper · Passed

Senate Floor Amendment No. 1 Adopted; Guzman

upper

May 13, 2026

Introduced

Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 009-004-000

upper

May 12, 2026

Introduced

Senate Floor Amendment No. 1 Assignments Refers to Executive

upper

May 11, 2026

Committee

Senate Floor Amendment No. 1 Referred to Assignments

upper

May 11, 2026

Introduced

Senate Floor Amendment No. 1 Filed with Secretary by Sen. Graciela Guzmán

upper

Apr 11, 2025

Committee

Rule 3-9(a) / Re-referred to Assignments

upper

Mar 19, 2025

Upper · Passed

Do Pass Executive; 011-000-000

upper

Mar 12, 2025

Committee

Assigned to Executive

upper

Jan 24, 2025

Committee

Referred to Assignments

upper

1 primary · 5 co-sponsors