SB3086Introduced in the Senate
STATE PERMITTED INVESTMENTS
Introduced by Ram Villivalam, District 8
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Reinserts the provisions of the engrossed bill with the following changes. Removes the requirement that the issuer of an eligible pooled investment trust not be placed on the Illinois Investment Policy Board's list of restricted companies. Effective immediately.
Where it stands
Public Act . . . . . . . . . 104-0853
August 25, 2026
How did lawmakers vote?
House votes
3 recorded votes · each counted separately
Senate votes
5 recorded votes · each counted separately
SenateStage: Senate Concurrence · May 31, 2026
51
Yes
6
No
2
Absent or Not Voting
59 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Javier Cervantes | 1 | Yes |
| Omar Aquino | 2 | Yes |
| Mattie Hunter | 3 | Yes |
| Kimberly Lightford | 4 | Yes |
| Lakesia Collins | 5 | Yes |
| Sara Feigenholtz | 6 | Yes |
| Mike Simmons | 7 | Yes |
| Ram Villivalam | 8 | Yes |
| Laura Fine | 9 | Yes |
| Robert Martwick | 10 | Yes |
Bill history
Filed with Secretary by Sen. Ram Villivalam
First Reading
Referred to Assignments
Assigned to State Government
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Assignments Refers to State Government
Rule 2-10 Committee Deadline Established As March 27, 2026
Rule 2-10 Committee Deadline Established As April 24, 2026
Senate Committee Amendment No. 1 Adopted
Do Pass as Amended State Government; 008-000-000
Placed on Calendar Order of 2nd Reading April 16, 2026
Second Reading
Placed on Calendar Order of 3rd Reading April 17, 2026
Rule 2-10 Third Reading Deadline Established As May 8, 2026
Third Reading - Passed; 047-007-000
Arrived in House
Chief House Sponsor Rep. Kevin John Olickal
First Reading
Referred to Rules Committee
Assigned to State Government Administration Committee
Committee Deadline Extended-Rule 9(b) May 15, 2026
Do Pass / Short Debate State Government Administration Committee; 008-000-000
Placed on Calendar 2nd Reading - Short Debate
House Floor Amendment No. 1 Filed with Clerk by Rep. Kevin John Olickal
House Floor Amendment No. 1 Referred to Rules Committee
House Floor Amendment No. 1 Rules Refers to State Government Administration Committee
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Added Alternate Chief Co-Sponsor Rep. Marcus C. Evans, Jr.
Added Alternate Chief Co-Sponsor Rep. Diane Blair-Sherlock
Added Alternate Chief Co-Sponsor Rep. Rick Ryan
Added Alternate Chief Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 008-000-000
House Floor Amendment No. 1 Adopted by Voice Vote
Placed on Calendar Order of 3rd Reading - Short Debate
Third Reading - Short Debate - Passed 073-026-000
Secretary's Desk - Concurrence House Amendment(s) 1
Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 25, 2026
House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Ram Villivalam
House Floor Amendment No. 1 Motion to Concur Referred to Assignments
House Floor Amendment No. 1 Motion to Concur Assignments Referred to State Government
House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt State Government; 007-000-000
House Floor Amendment No. 1 Senate Concurs 051-006-000
Senate Concurs
Passed Both Houses
Sent to the Governor
Governor Approved
Effective Date August 25, 2026
Public Act . . . . . . . . . 104-0853
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.