Illinois SB315: BUSINESS-TECH

What the bill says

A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB0315Introduced 1/24/2025, by Sen. Don HarmonSYNOPSIS AS INTRODUCED: ILCS 123/15-1-1 815 ILCS 123/15-1-1 ILCS 123/15-1-1 Amends the Predatory Loan Prevention Act. Makes technical changes ina Section concerning the short title. LRB104 06438 SPS 16474 b LRB104 06438 SPS 16474 b LRB104 06438 SPS 16474 b A BILL FOR SB0315LRB104 06438 SPS 16474 b SB0315 LRB104 06438 SPS 16474 b SB0315 LRB104 06438 SPS 16474 b AN ACT concerning business.

From the introduced text, January 24, 2025:

A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB0315Introduced 1/24/2025, by Sen. Don HarmonSYNOPSIS AS INTRODUCED: ILCS 123/15-1-1 815 ILCS 123/15-1-1 ILCS 123/15-1-1 Amends the Predatory Loan Prevention Act. Makes technical changes ina Section concerning the short title. LRB104 06438 SPS 16474 b LRB104 06438 SPS 16474 b LRB104 06438 SPS 16474 b A BILL FOR SB0315LRB104 06438 SPS 16474 b SB0315 LRB104 06438 SPS 16474 b SB0315 LRB104 06438 SPS 16474 b AN ACT concerning business. Be it enacted by the People of the State of Illinois, represented in the General Assembly: Section 5.The Predatory Loan Prevention Act is amended by changing Section 15-1-1 as follows: (815 ILCS 123/15-1-1) Sec. 15-1-1.Short title.This Article may be cited as[ADDED: the] [DELETED: the]Predatory Loan Prevention Act.References in this Article to "this Act" mean this Article. ( 102-687, eff. 12-17-21.)

Read the full official text

Sponsors

• Mary Edly-Allen (D, 31) · primary sponsor
• Sue Rezin (R, 38)
• Rachel Ventura (D, 43)
• Darby A. Hills (R, 26)
• Karina Villa (D, 25)
• Bill Cunningham (D, 18)
• Adriane Johnson (D, 30)
• Ram Villivalam (D, 8)
• Mike Simmons (D, 7)
• Steve Stadelman (D, 34)
• Mike Porfirio (D, 11)
• Laura Fine (D, 9)

Latest actions

1. July 6, 2026: Public Act . . . . . . . . . 104-0538
2. July 6, 2026: Effective Date January 1, 2027
3. July 6, 2026: Governor Approved
4. June 26, 2026: Sent to the Governor
5. May 30, 2026: Added as Co-Sponsor Sen. Cristina Castro
6. May 30, 2026: Added as Co-Sponsor Sen. Erica Harriss
7. May 29, 2026: Added as Chief Co-Sponsor Sen. Karina Villa
8. May 29, 2026: Added as Chief Co-Sponsor Sen. Darby A. Hills
9. May 29, 2026: Added as Co-Sponsor Sen. John F. Curran
10. May 29, 2026: Added as Chief Co-Sponsor Sen. Rachel Ventura

Votes

• Third Reading - Short Debate - Passed (May 27, 2026): 110 yea, 0 nay, passed
• Do Pass / Short Debate Executive Committee (May 26, 2026): 12 yea, 0 nay, passed
• Suspend Rule 21 - Prevailed (May 25, 2026): 66 yea, 29 nay, passed
• Third Reading - Passed (May 21, 2026): 52 yea, 5 nay, passed
• Senate Floor Amendment No. 2 Recommend Do Adopt Executive (May 20, 2026): 13 yea, 0 nay, passed
• Senate Floor Amendment No. 1 Recommend Do Adopt Executive (May 13, 2026): 13 yea, 0 nay, passed

Common questions

What is SB315?

SB315 is a bill in the Illinois Legislature (104th General Assembly): BUSINESS-TECH.

What does SB315 do?

In its own words: A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB0315Introduced 1/24/2025, by Sen. Don HarmonSYNOPSIS AS INTRODUCED: ILCS 123/15-1-1 815 ILCS 123/15-1-1 ILCS 123/15-1-1 Amends the Predatory Loan Prevention Act. Makes technical changes ina Section concerning the short title. LRB104 06438 SPS 16474 b LRB104 06438 SPS 16474 b LRB104 06438 SPS 16474 b A BILL FOR SB0315LRB104 06438 SPS 16474 b SB0315 LRB104 06438 SPS 16474 b SB0315 LRB104 06438 SPS 16474 b AN ACT concerning business.

What is the status of SB315?

Signed into law as of July 6, 2026. Latest action: Public Act . . . . . . . . . 104-0538 (July 6, 2026).

Who sponsored SB315?

Mary Edly-Allen (D, 31), with 11 co-sponsors.

Where is the official record for SB315?

On the Illinois Legislature website: https://www.ilga.gov/Legislation/BillStatus?DocNum=315&GAID=18&DocTypeID=SB&SessionID=114