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SB 323 Illinois Senate · 94th Regular Session

DCEO-RESERVIST BUSINESS LOAN

Summary
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Creates the Military Reservist Business Assistance Loan Program to make loans to small businesses (i) that lose an owner, a manager, or a key employee due to a period of military conflict and (ii) that will experience economic injury as a result of the loss of that owner, manager, or key employee. Authorizes the Department to accept grants, loans, or appropriations and associated contracts and agreements for purposes similar to this program. Limits the total amount of any loan awarded under the program to $150,000. Requires the Department to adopt rules concerning the administration of the program and to create a competitive application procedure. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Apr 2005
Committee Review
May 2005
Senate Passage
May 2005
House Passage
May 2005
Signed into Law
Aug 2005
Introduced Apr 14, 2005 Signed Aug 8, 2005
Floor votes · Senate Apr 14, 2005 · House May 17, 2005

How they voted

53–0
Passed · 2 other
Total votes 55
Apr 14, 2005
D Democratic29
29 Yea
100% Yea
R Republican26
24 Yea 2
92% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
51
Key actions
9
Committee
9
Amendments
6
Aug 8, 2005
Signed into law
Governor Approved
upper
May 17, 2005
Upper · Passed
Passed Both Houses
upper
May 17, 2005
House · Passed
House Vote: pass (102-0-13)
house
May 4, 2005
Lower · Passed
Do Pass / Short Debate International Trade & Commerce Committee; 015-000-000
lower
Apr 27, 2005
Committee
Assigned to International Trade & Commerce Committee
lower
Apr 14, 2005
Committee
Referred to Rules Committee
lower
Apr 14, 2005
Introduced
Arrived in House
lower
Apr 14, 2005
Senate · Passed
Senate Vote: pass (53-0-2)
senate
Apr 11, 2005
Upper · Passed
Senate Floor Amendment No. 2 Adopted; Wilhelmi
upper
Apr 8, 2005
Introduced
Senate Floor Amendment No. 2 Recommend Do Adopt Commerce & Economic Development; 006-000-000
upper
Apr 7, 2005
Introduced
Senate Floor Amendment No. 2 Rules Refers to Commerce & Economic Development
upper
Apr 6, 2005
Committee
Senate Floor Amendment No. 2 Referred to Rules
upper
Apr 6, 2005
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Arthur J. Wilhelmi
upper
Mar 17, 2005
Upper · Passed
Do Pass as Amended Commerce & Economic Development; 010-000-000
upper
Mar 17, 2005
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Mar 1, 2005
Upper · Passed
Senate Committee Amendment No. 1 Rules Refers to Commerce & Economic Development
upper
Feb 24, 2005
Committee
Senate Committee Amendment No. 1 Referred to Rules
upper
Feb 24, 2005
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Arthur J. Wilhelmi
upper
Feb 17, 2005
Committee
Assigned to Commerce & Economic Development
upper
Feb 15, 2005
Committee
Referred to Rules
upper
0 primary · 5 co-sponsors

Sponsors

No sponsor information available.