Illinois legislation · 104th General Assembly
Illinois HB4728: DD FACILITY-ASSET MGMT COMPANY
Status: Signed into law, July 30, 2026
Amends the Community Living Facilities Licensing Act, the MC/DD Act, the ID/DD Community Care Act, the Community-Integrated Living Arrangements Licensure and Certification Act, and the Child Care Act of 1969. Requires the State agencies responsible for licensing facilities under those Acts to adopt, by December 31, 2026, rules requiring a facility to disclose upon initial application for licensure and on a quarterly basis thereafter, whether the facility, its subsidiaries, affiliates, parent companies, or contractual service providers are owned, managed, or contained within a fund owned or managed by an asset management company; and if so, to make certain disclosures about the asset management company's assets, the facility's debt, and other matters. Requires the State agencies to also adopt rules requiring such a facility to provide written notice of transactions and copies of agreements which would (i) sell or otherwise dispose of a material amount of the facility's assets or (ii) transfer control, responsibility, or governance of a material amount of the facility's assets or operations. Prohibits facilities owned or managed by an asset management company from engaging in certain transactions or actions that would result in the facility issuing debt-funded dividends or perform any other similar action causing the facility to become financially distressed. Provides that a violation of these requirements and prohibitions constitutes an unlawful practice within the meaning of the Consumer Fraud and Deceptive Business Practices Act. Requires the State agencies to publish disclosures, written notices, and copies of agreements submitted by facilities on the agencies' public websites. Imposes similar requirements and prohibitions on adult day service providers serving individuals with developmental disabilities under the Illinois Act on the Aging and providers of adult developmental training services under the Mental Health and Developmental Disabilities Administrative A
What the bill says
A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026HB4728Introduced , by Rep. Laura Faver DiasSYNOPSIS AS INTRODUCED: See Index See Index See Index Amends the Community Living Facilities Licensing Act, the MC/DD Act,the ID/DD Community Care Act, the Community-Integrated Living ArrangementsLicensure and Certification Act, and the Child Care Act of 1969…
From the introduced text, January 30, 2026:
A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026HB4728Introduced , by Rep. Laura Faver DiasSYNOPSIS AS INTRODUCED: See Index See Index See Index Amends the Community Living Facilities Licensing Act, the MC/DD Act,the ID/DD Community Care Act, the Community-Integrated Living ArrangementsLicensure and Certification Act, and the Child Care Act of 1969. Requiresthe State agencies responsible for licensing facilities under those Actsto adopt, by December 31, 2026, rules requiring a facility to disclose uponinitial application for licensure and on a quarterly basis thereafter,whether the facility, its subsidiaries, affiliates, parent companies, orcontractual service providers are owned, managed, or contained within afund owned or managed by an asset management company; and if so, to makecertain disclosures about the asset management company's assets, thefacility's debt, and other matters. Requires the State agencies to alsoadopt rules requiring such a facility to provide written notice oftransactions and copies of agreements which would (i) sell or otherwisedispose of a material amount of the facility's assets or (ii) transfercontrol, responsibility, or governance of a material amount of thefacility's assets or operations. Prohibits facilities owned or managed byan asset management company from engaging in certain transactions oractions that would result in the facility issuing debt-funded dividends orperform any other similar action causing the facility to becomefinancially distressed. Provides that a violation of these requirementsand prohibitions constitutes …
Sponsors
- Laura Faver Dias (D, 62) · primary sponsor
- Maurice West (D, 67)
- Gregg Johnson (D, 72)
- Katie Stuart (D, 112)
- Charles Meier (R, 109)
- Anna Moeller (D, 43)
- Nabeela Syed (D, 51)
- Nicolle Grasse (D, 53)
- Will Guzzardi (D, 39)
- Maura Hirschauer (D, 49)
- Martha Deuter (D, 45)
- Michelle Mussman (D, 56)
Latest actions
- : Public Act . . . . . . . . . 104-0661
- : Effective Date July 1, 2027
- : Governor Approved
- : Sent to the Governor
- : Passed Both Houses
- : House Concurs
- : Senate Committee Amendment No. 1 House Concurs 117-000-000
- : Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Human Services Committee; 012-000-000
- : Added as Alternate Co-Sponsor Sen. Mark L. Walker
- : Added as Alternate Co-Sponsor Sen. Michael E. Hastings
Votes
- Senate Committee Amendment No. 1 House Concurs (May 31, 2026): 117 yea, 0 nay, passed
- Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Human Services Committee (May 29, 2026): 12 yea, 0 nay, passed
- Third Reading - Passed (May 28, 2026): 59 yea, 0 nay, passed
- Do Pass as Amended Executive (May 20, 2026): 11 yea, 0 nay, passed
- Third Reading - Short Debate - Passed (April 17, 2026): 100 yea, 1 nay, passed
- House Floor Amendment No. 1 Recommends Be Adopted Human Services Committee (April 16, 2026): 12 yea, 0 nay, passed
Subjects: ILCS 210 - Public Health, ILCS 225 - Professions, ILCS 815 - Business Transactions, ILCS 20 - Executive Branch
Common questions
- What is HB4728?
- HB4728 is a bill in the Illinois Legislature (104th General Assembly): DD FACILITY-ASSET MGMT COMPANY.
- What does HB4728 do?
- In its own words: A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026HB4728Introduced , by Rep. Laura Faver DiasSYNOPSIS AS INTRODUCED: See Index See Index See Index Amends the Community Living Facilities Licensing Act, the MC/DD Act,the ID/DD Community Care Act, the Community-Integrated Living ArrangementsLicensure and Certification Act, and the Child Care Act of 1969…
- What is the status of HB4728?
- Signed into law as of July 30, 2026. Latest action: Public Act . . . . . . . . . 104-0661 (July 30, 2026).
- Who sponsored HB4728?
- Laura Faver Dias (D, 62), with 11 co-sponsors.
- Where is the official record for HB4728?
- On the Illinois Legislature website: https://www.ilga.gov/Legislation/BillStatus?DocNum=4728&GAID=18&DocTypeID=HB&SessionID=114
Source: official Illinois record. Tracked by Delilah, AI for legislation across all 50 states and Congress.