Amends the Illinois Trust Code. Requires a trustee to maintain, for a minimum of 7 years after the termination of the trust, a copy of the governing trust instrument under which the trustee was authorized to act at the time the trust terminated. Amends the Revised Uniform Unclaimed Property Act. Provides that property held in an account or plan, including a health savings account, that qualifies for tax deferral under the United States income tax law, is presumed abandoned 20 years after the account was opened. Requires State agencies to report final compensation due a State employee to the Treasurer's Office as unclaimed property if the employee dies while employed. Requires a holder who holds property presumed abandoned to hold the property in trust for the benefit of the State Treasurer on behalf of the owner from and after the date the property is presumed abandoned. Requires that the State Treasurer provide written notice to a State agency and the Governor's Office of Management and Budget of property presumed to be abandoned and allegedly owned by the State agency before it can be escheated to the State's General Revenue Fund if the property remains unclaimed after one year. Creates authority for the Secretary of the Department of Financial and Professional Regulation to order a regulated person under the Act to immediately report and remit property subject to the Act if the Secretary determines that the action is necessary to protect the interest of an owner. Establishes a procedure regulating agreements between an owner or apparent owner and a finder to locate or recover property held by the State Treasurer. Requires a finder to be licensed by the State Treasurer and creates qualifications to be so licensed. Makes definitions. Makes other changes. The Treasurer is authorized to adopt rules as necessary to implement the Act. Effective immediately.
Rep. Lisa Davis
Sponsored bills
Amends the Illinois Insurance Code. Establishes reimbursement rates for mental health and substance use disorder treatment services for all group or individual policies of accident and health insurance or managed care plans that are amended, delivered, issued, or renewed on or after January 1, 2027 or for any contracted third party administering the behavioral health benefits for the insurer. Requires a group or individual policy of accident and health insurance or managed care plan that is amended, delivered, issued, or renewed on or after January 1, 2026 or any contracted third party administering the behavioral health benefits for the insurer to cover certain medically necessary mental health and substance use disorder treatment services. Provides that, if the Department of Insurance determines that an insurer or a contracted third party administering the behavioral health benefits for the insurer has violated a provision concerning mental health and substance use parity, the Department shall by order assess a civil penalty of $1,000 for each violation. Excludes certain health care plans serving Medicaid populations who are enrolled under the Illinois Public Aid Code or under the Children's Health Insurance Program Act from provisions concerning mental health and substance use parity. Requires the Department to review the impact of the proposed mental health and substance abuse mandate on network adequacy for mental health and substance use disorder treatment and access to affordable mental health and substance use care. Permits the Department to examine out-of-network utilization and out-of-pocket costs for insureds for mental health and substance use treatment and services for all plans to compare with in-network utilization. Amends the State Employees Group Insurance Act of 1971, the Counties Code, the Illinois Municipal Code, and the School Code to require coverage under those provisions. Effective immediately.
Amends the State Commemorative Dates Act. Provides that the Governor shall annually designate by official proclamation the third Friday of September in each year as POW/MIA Recognition Day (rather than the third Friday of September in each year is designated as POW/MIA Recognition Day) to be observed in honor and remembrance of the men and women who, as POWs, have suffered captivity in foreign countries while in active service with the United States armed forces or who, as MIAs, have been recognized as missing in action in a time of war or during a period of hostilities (rather than who were recognized as POWs or MIAs in a time of war or during a period of hostilities). Provides that the Governor shall request, in the Governor's annual designation by official proclamation, that some portion of the third Friday of September be used for solemn contemplation on the plight of members of the United States armed forces who have been held prisoners of war and members of the United States armed forces who have been missing in action and the resolve of families and friends who continue to seek the fullest possible accounting for missing loved ones. Effective immediately.
Calls upon the Trump administration to end the government shutdown and restore funding to SNAP and other critical federal government programs rather than continuing to put partisan politics before their obligation to the American people. That if an expedient end to the shutdown cannot or will not be achieved, then the Trump administration is urged to release the reserve funds held by the United States Department of Agriculture specifically for just this eventuality, thereby enabling SNAP beneficiaries to retain access to adequate nutrition while negotiations continue. States that using hunger as a weapon to obtain a desired political outcome is reprehensible and unequivocally condemns the Trump Administration's actions in this regard.
Amends the State Treasurer Act. Provides that the State Treasurer may establish and administer a non-profit investment pool and an electronic payment processing program to supplement and enhance investment opportunities and secure electronic payment options otherwise available to not-for-profit corporations in the State. Provides that the Treasurer may receive funds paid into the pool for the purpose of holding and investing those funds. Provides for surety bonds payable to not-for-profit corporations who participate in the pool. Provides that the Treasurer shall adopt rules for the efficient administration of the pool.
Maddy summaryHR 491, titled "MICHAEL JORDAN DAY," is a commemorative resolution. It officially designates June 23, 2026, as Michael Jordan Day to honor the individual.
Affirms the steadfast commitment to equal employment opportunity and economic equity for women and all Illinoisans. Affirms the commitment to continue to prioritize construction investments that transform the State's infrastructure and its workforce. Affirms that the State's ongoing and upcoming capital and infrastructure projects will rebuild roads, buildings, and lives by providing good jobs that create economic stability through family-sustaining wages and benefits. Affirms that Illinois contractors must uphold the State's values and workers' rights, reject workplace discrimination and harassment, and be held accountable to laws, including the Illinois Responsible Bidder Code, the Prevailing Wage Act, and the Illinois Human Rights Act. Affirms that employers looking to contract with the State must adopt strong policies to protect workers from harassment and discrimination and must take action to create equal access to job opportunities and respectful, safe, and accountable work sites. Urges the use of all available tools to ensure that contractors doing business with the State are committed to creating access to high-road opportunities and respectful work sites.
Recognizes the importance of Mound Bayou, Mississippi. Commends all persons involved in bring the Mound Bayou project to fruition. Urges all Illinois residents to reflect on the enduring impact of Mound Bayou as a symbol of Black excellence, economic sovereignty, and cultural pride.
Declares Hispanic Heritage Month from September 15 through October 15, 2025. Encourages all residents to participate in activities, ceremonies, and educational programs that honor the achievements and contributions of Hispanic and Latino Americans.
Declares June 14, 2026 as Race Amity Day in the State of Illinois. Invites communities across the United States of America to join in introspection and reflection on the beauty and richness of the diverse peoples of this great nation while reaching out with a spirit of amity toward one another on Race Amity Day.