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SB1441Introduced in the Senate

SECURE CHOICE PROGRAM-IRAS

Passed

Introduced by Robert Peters, District 13

What does this bill do?

Plain-English breakdown

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Official description

Amends the Illinois Secure Choice Savings Program Act. Provides that the accounts established under the Secure Choice Savings Program shall be IRAs, into which enrollees contribute funds that are invested in investment options established by the Illinois Secure Choice Savings Board. Provides that a separate account shall be established for each enrollee and the accounts shall be owned by the enrollee. Provides that the savings accounts established under the Program shall be portable and allow for an enrollee to make contributions from multiple employers into a single account. Provides that an enrollee in the Program may have both a Roth IRA and a Traditional IRA through the Program. Provides that the Board shall have the duty to assess the feasibility of agreements with other governmental entities, including other states and their agencies and instrumentalities, to achieve greater economies of scale through shared resources and to enter into those agreements if determined to be beneficial. Provides that an employer who fails without reasonable cause to enroll an employee in the Program within the time provided and fails to remit their contributions (rather than fails without reasonable cause to enroll an employee in the Program within the time provided) shall be subject to a penalty. Makes changes in provisions concerning employer and employee information packets. Effective immediately.

Where it stands

Public Act . . . . . . . . . 104-0100

August 1, 2025

How did lawmakers vote?

House votes

2 recorded votes · each counted separately

Senate votes

3 recorded votes · each counted separately

HouseStage: Third Reading in House · May 21, 2025

74

Yes

37

No

0

Absent or Not Voting

111 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

See how each representative voted

Bill history

  1. Filed with Secretary by Sen. Robert Peters

  2. First Reading

  3. Referred to Assignments

  4. Assigned to State Government

  5. Postponed - State Government

  6. Added as Co-Sponsor Sen. Michael W. Halpin

  7. Do Pass State Government; 010-000-000

  8. Placed on Calendar Order of 2nd Reading March 4, 2025

  9. Added as Chief Co-Sponsor Sen. Robert F. Martwick

  10. Senate Floor Amendment No. 1 Filed with Secretary by Sen. Robert Peters

  11. Senate Floor Amendment No. 1 Referred to Assignments

  12. Senate Floor Amendment No. 1 Assignments Refers to State Government

  13. Added as Co-Sponsor Sen. Sara Feigenholtz

  14. Senate Floor Amendment No. 1 Recommend Do Adopt State Government; 009-000-000

  15. Second Reading

  16. Senate Floor Amendment No. 1 Adopted; Peters

  17. Placed on Calendar Order of 3rd Reading April 2, 2025

  18. Third Reading - Passed; 048-006-000

  19. Arrived in House

  20. Chief House Sponsor Rep. Gregg Johnson

  21. First Reading

  22. Referred to Rules Committee

  23. Assigned to Personnel & Pensions Committee

  24. Do Pass / Short Debate Personnel & Pensions Committee; 008-004-000

  25. Placed on Calendar 2nd Reading - Short Debate

  26. Second Reading - Short Debate

  27. Placed on Calendar Order of 3rd Reading - Short Debate

  28. Third Reading - Short Debate - Passed 074-037-000

  29. Passed Both Houses

  30. Sent to the Governor

  31. Governor Approved

  32. Effective Date August 1, 2025

  33. Public Act . . . . . . . . . 104-0100

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