Bill Sponsors: IL HB2685 | 2019-2020 | 101st General Assembly
Bill Title: Reinserts the provisions of the introduced bill with changes. Creates the Student Investment Account Act (currently, the Student Loan Investment Act). Adds a provision concerning the use of earnings from the Student Investment Account. Modifies provisions concerning the establishment, operation, and administration of the Student Investment Account by the State Treasurer, and adds requirements concerning income share agreements and income share agreement providers. Allows the State Treasurer to enter into income share agreements with participants (currently, borrowers) and to facilitate such arrangements between participants and eligible income share agreement providers (currently, lenders). Provides that the State Treasurer or his or her designee (currently, only State Treasurer) may charge and collect insurance premiums under the Act. Provides for the creation and use of specified Funds as non-appropriated separate and apart trust funds in the State Treasury (currently, Funds to be held outside of the State Treasury with the State Treasurer as custodian). Amends the Student Loan Servicing Rights Act. Provides that the term "student loan servicer" shall not include, among other entities, the State Treasurer (currently, the State Treasurer and its agents when the agents are acting on the State Treasurer's behalf). Modifies and defines terms. Makes other changes. Effective immediately.
Spectrum: Partisan Bill (Democrat 21-0)
Status: (Engrossed - Dead) 2021-01-13 - Added as Alternate Chief Co-Sponsor Sen. Mattie Hunter [HB2685 Detail]
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Partisan Bill (Democrat 21-0)
Status: (Engrossed - Dead) 2021-01-13 - Added as Alternate Chief Co-Sponsor Sen. Mattie Hunter [HB2685 Detail]
Text: Latest bill text (Engrossed) [HTML]
Sponsors
Name | Type | Sponsorship | District | Financial | Encyclopedia | Biography |
---|---|---|---|---|---|---|
Representative Carol Ammons [D] | Primary | Sponsored Bills | HD-103 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Emanuel Welch [D] | Cosponsor | Sponsored Bills | HD-007 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Debbie Meyers-Martin [D] | Cosponsor | Sponsored Bills | HD-038 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Sonya Harper [D] | Cosponsor | Sponsored Bills | HD-006 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Kambium Buckner [D] | Cosponsor | Sponsored Bills | HD-026 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Maurice West [D] | Cosponsor | Sponsored Bills | HD-067 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Natalie Manley [D] | Cosponsor | Sponsored Bills | HD-098 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Will Guzzardi [D] | Cosponsor | Sponsored Bills | HD-039 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Kelly Cassidy [D] | Cosponsor | Sponsored Bills | HD-014 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Theresa Mah [D] | Cosponsor | Sponsored Bills | HD-024 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Celina Villanueva [D] | Cosponsor | Sponsored Bills | SD-012 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Latoya Greenwood [D] | Cosponsor | Sponsored Bills | HD-114 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Nicholas Smith [D] | Cosponsor | Sponsored Bills | HD-034 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Rita Mayfield [D] | Cosponsor | Sponsored Bills | HD-060 | FollowTheMoney | Ballotpedia | VoteSmart |
Representative Anne Stava-Murray [D] | Cosponsor | Sponsored Bills | HD-081 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Christopher Belt [D] | Primary | Sponsored Bills | SD-057 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Jacqueline Collins [D] | Cosponsor | Sponsored Bills | SD-016 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Kimberly Lightford [D] | Cosponsor | Sponsored Bills | SD-004 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Mattie Hunter [D] | Cosponsor | Sponsored Bills | SD-003 | FollowTheMoney | Ballotpedia | VoteSmart |
Senator Adriane Johnson [D] | Cosponsor | Sponsored Bills | SD-030 | N/A | Ballotpedia | VoteSmart |
Senator Napoleon Harris [D] | Cosponsor | Sponsored Bills | SD-015 | FollowTheMoney | Ballotpedia | VoteSmart |