SB1667

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TRUST CODE-UNCLAIMED PROPERTY

What this bill does

Amends the Illinois Trust Code. Requires a trustee to maintain, for a minimum of 7 years after the termination of the trust, a copy of the governing trust instrument under which the trustee was authorized to act at the time the trust terminated. Amends the Revised Uniform Unclaimed Property Act. Provides that property held in an account or plan, including a health savings account, that qualifies for tax deferral under the United States income tax law, is presumed abandoned 20 years after the account was opened. Requires State agencies to report final compensation due a State employee to the Treasurer's Office as unclaimed property if the employee dies while employed. Requires a holder who holds property presumed abandoned to hold the property in trust for the benefit of the State Treasurer on behalf of the owner from and after the date the property is presumed abandoned. Requires that the State Treasurer provide written notice to a State agency and the Governor's Office of Management and Budget of property presumed to be abandoned and allegedly owned by the State agency before it can be escheated to the State's General Revenue Fund if the property remains unclaimed after one year. Creates authority for the Secretary of the Department of Financial and Professional Regulation to order a regulated person under the Act to immediately report and remit property subject to the Act if the Secretary determines that the action is necessary to protect the interest of an owner. Establishes a procedure regulating agreements between an owner or apparent owner and a finder to locate or recover property held by the State Treasurer. Requires a finder to be licensed by the State Treasurer and creates qualifications to be so licensed. Makes definitions. Makes other changes. The Treasurer is authorized to adopt rules as necessary to implement the Act. Effective immediately.

Sponsor: Robert F. Martwick Chamber: Senate Introduced: 2025-02-05
PASSED INTO LAW

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Pipeline Progress

Current stage: Signed into Law · Last action 251 days ago

How does a bill become law in Illinois?
  1. Introduction of Bill

    A member of the Senate or the House introduces a bill, which is assigned a unique identifying number (e.g., "H.B. ___" for House bills and "S.B. ___" for Senate bills). If not enacted, it must be reintroduced in the next General Assembly with a new number.

  2. Committee Work — Hearings

    The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.

  3. Committee Work — Markup, Amendments, Report

    The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.

  4. Floor Debate

    The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.

  5. Passage and Consideration in Second Chamber

    If the bill passes in the first chamber, it moves to the second chamber for a similar review process. If both chambers approve, it goes to the governor.

  6. Gubernatorial Action

    The governor can sign the bill into law, veto it, or take no action (resulting in an automatic law after 60 days). The type of veto can be total or amendatory. Once signed, the bill becomes a Public Act and is assigned a Public Act number.

Sponsor Context

Public Engagement

29 witness slips filed 12 proponents / 7 opponents 10 organizations

Witness slips

29 slips filed. Proponent / opponent / no position as filed with the committee.

Name Organization Representing Position Hearing committee Hearing date
Allen Mayer Illinois State Treasurer's Office Illinois State Treasurer Michael Frerichs Proponent Judiciary - Civil 2025-04-30
David Eldridge David P. Eldridge Illinois State Bar Association Proponent Judiciary - Civil 2025-04-30
Steve Sturm Illinois State Treasurer's Office Illinois State Treasurer Michael Frerichs Proponent Judiciary - Civil 2025-04-30
David Eldridge David P. Eldridge Illinois State Bar Association Proponent Judiciary - Civil 2025-04-23
Allen Mayer Office of the Illinois State Treasurer Illinois State Treasurer Michael Frerichs Proponent Judiciary 2025-03-05
David Schwartz Self Self Proponent Judiciary 2025-02-26
Janice Alwin Oak Point Partners Oak Point Partners Opponent Judiciary - Civil 2025-04-30
Janice Alwin Oak Point Partners Oak Point Partners Opponent Judiciary - Civil 2025-04-23
Noah Bazis Institute for Justice Institute for Justice Opponent Judiciary 2025-03-05
Meagan Forbes Institute for Justice Institute for Justice Opponent Judiciary 2025-02-26
Kate Morthland Illinois Life & Health Insurance Council Illinois Life & Health Insurance Council No Position On Merits Judiciary - Civil 2025-04-30
Laura Minzer Illinois Life & Health Insurance Council Illinois Life & Health Insurance Council No Position On Merits Judiciary - Civil 2025-04-30
Marc Reiter IDFPR Illinois Department of Financial and Professional Regulation No Position On Merits Judiciary - Civil 2025-04-30
Kate Morthland Illinois Life & Health Insurance Council Illinois Life & Health Insurance Council No Position On Merits Judiciary - Civil 2025-04-23
Laura Minzer Illinois Life & Health Insurance Council Illinois Life & Health Insurance Council No Position On Merits Judiciary - Civil 2025-04-23
Marc Reiter IDFPR IDFPR No Position On Merits Judiciary - Civil 2025-04-23
Marc Reiter IDFPR IDFPR No Position On Merits Judiciary 2025-03-05
Marc Reiter IDFPR IDFPR No Position On Merits Judiciary 2025-02-26
Allen Mayer Office of the Illinois State Treasurer Illinois State Treasurer Michael Frerichs Proponent Judiciary 2025-04-02
David Schwartz Self Self Proponent Judiciary 2025-04-02
Aimee Albrecht Na none Opponent Judiciary 2025-04-02
Janice Alwin Oak Point Partners Oak Point Partners Opponent Judiciary 2025-04-02
Allen Mayer Office of the Illinois State Treasurer Illinois State Treasurer Michael Frerichs Proponent Judiciary 2025-04-02
Janice Alwin Oak Point Partners Oak Point Partners Opponent Judiciary 2025-04-02
Ben Jackson Illinois Bankers Association Illinois Bankers Association Proponent Judiciary 2025-04-09
David Eldridge David P. Eldridge Illinois State Bar Association Proponent Judiciary 2025-04-09
Steven Sturm Office of the Illinois State Treasurer Illinois State Treasurer Michael Frerichs Proponent Judiciary 2025-04-09
Kate Morthland Illinois Life & Health Insurance Council Illinois Life & Health Insurance Council No Position On Merits Judiciary 2025-04-09
Laura Minzer Illinois Life & Health Insurance Council Illinois Life & Health Insurance Council No Position On Merits Judiciary 2025-04-09

Roll-call votes

Total votes and outcome per event. Deciding vote = margin of 1; those voters on the winning side could have changed the outcome by flipping.

Date Chamber Type Description Yea Nay Present NV Outcome Margin Deciding voters
H Committee Judiciary - Civil 13 7 0 0 Passed 6
2025-05-20 H Floor Third Reading 73 40 0 5 Passed 33
S Committee Judiciary 7 0 0 2 Passed 7
S Floor Third Reading 55 0 0 4 Passed 55

Action History

50 actions recorded. Last action: 2025-08-01 — Public Act . . . . . . . . .104-0116. Each action's meaning and outcome signal are classified automatically.

2025-02-05 Introduction & Filing
Filed with Secretary bySen. Robert F. Martwick Rule 2-7(b)
Bill officially submitted to the Senate Secretary during the session.
2025-02-05 Introduction & Filing
First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38
Formal introduction — title read into the official record. Required procedural step; bill now exists in the system.
2025-02-05 Committee Assignment
Referred toAssignments Senate Rule 3-8(a); House Rule 18(a)
Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.
2025-02-18 Committee Assignment
Assigned toJudiciary Senate Rule 3-8(a); House Rule 18(b)
Sent to a substantive committee (e.g., Transportation, Revenue). This is where the bill gets a real hearing and evaluation.
2025-02-27 Committee Action
Postponed -Judiciary Senate Rule 3-11; House Rule 22
Committee hearing postponed. Routine procedural action — does NOT mean the bill is dead. Sponsor may be gathering votes or negotiating amendments.
2025-03-04 Amendment Actions
Senate Committee Amendment No. 1 Filed with Secretary bySen. Robert F. Martwick
[Amendment] Bill officially submitted to the Senate Secretary during the session.
2025-03-04 Amendment Actions
Senate Committee Amendment No. 1 Referred toAssignments
[Amendment] Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.
2025-03-04 Co-Sponsorship Mild +
Added as Co-SponsorSen. Michael W. Halpin Senate Rule 5-1(a); House Rule 37(a)
A legislator added as co-sponsor.
2025-03-06 Committee Action Positive
Do PassJudiciary; 007-000-000 Rule 3-11(a)(1), Rule 3-12(a)
Committee recommends passage. The most important positive gate — majority of bills never get here.
2025-03-06 Floor Process Positive
Placed on Calendar Order of 2nd Reading March 18, 2025 Rule 3-12(a), Rule 4-4(7)
Bill placed on the order of Second Reading.
2025-03-18 Floor Process Positive
Second Reading Senate Rule 3-12(a)/5-4(a); House Rule 24(a)/40(b)
Bill reaches the floor amendment stage. Floor amendments can be offered here.
2025-03-18 Floor Process Positive
Placed on Calendar Order of 3rd Reading March 19, 2025 Rule 4-4(8)
Bill placed on the Third Reading calendar — queued for final vote.
2025-03-18 Amendment Actions
Senate Floor Amendment No. 2 Filed with Secretary bySen. Robert F. Martwick
[Amendment] Bill officially submitted to the Senate Secretary during the session.
2025-03-18 Amendment Actions
Senate Floor Amendment No. 2 Referred toAssignments
[Amendment] Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.
2025-03-19 Amendment Actions
Senate Floor Amendment No. 2 Assignments Refers toJudiciary
[Amendment] Senate Assignments Committee forwards the bill to a substantive committee.
2025-03-31 Amendment Actions
Senate Floor Amendment No. 3 Filed with Secretary bySen. Robert F. Martwick
[Amendment] Bill officially submitted to the Senate Secretary during the session.
2025-03-31 Amendment Actions
Senate Floor Amendment No. 3 Referred toAssignments
[Amendment] Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.
2025-04-01 Amendment Actions
Senate Floor Amendment No. 3 Assignments Refers toJudiciary
[Amendment] Senate Assignments Committee forwards the bill to a substantive committee.
2025-04-01 Amendment Actions
Senate Floor Amendment No. 4 Filed with Secretary bySen. Robert F. Martwick
[Amendment] Bill officially submitted to the Senate Secretary during the session.
2025-04-01 Amendment Actions
Senate Floor Amendment No. 4 Referred toAssignments
[Amendment] Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.
2025-04-02 Amendment Actions
Senate Floor Amendment No. 4 Assignments Refers toJudiciary
[Amendment] Senate Assignments Committee forwards the bill to a substantive committee.
2025-04-02 Amendment Actions
Senate Floor Amendment No. 2 Postponed -Judiciary
[Amendment] Committee hearing postponed. Routine procedural action — does NOT mean the bill is dead. Sponsor may be gathering votes or negotiating amendments.
2025-04-03 Amendment Actions
Senate Floor Amendment No. 4 Recommend Do AdoptJudiciary; 008-000-000
[Amendment] Amendment sub-action.
2025-04-03 Amendment Actions
Senate Floor Amendment No. 5 Filed with Secretary bySen. Robert F. Martwick
[Amendment] Bill officially submitted to the Senate Secretary during the session.
2025-04-03 Amendment Actions
Senate Floor Amendment No. 5 Referred toAssignments
[Amendment] Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.
2025-04-08 Amendment Actions
Senate Floor Amendment No. 5 Assignments Refers toJudiciary
[Amendment] Senate Assignments Committee forwards the bill to a substantive committee.
2025-04-09 Amendment Actions
Senate Floor Amendment No. 5 Recommend Do AdoptJudiciary; 008-000-000
[Amendment] Amendment sub-action.
2025-04-10 Floor Process
Recalled to Second Reading Rule 5-4(a)
Bill pulled back from Third Reading to Second Reading, usually to adopt a floor amendment. Common and not negative — sponsors often recall bills to incorporate negotiated changes.
2025-04-10 Amendment Actions
Senate Floor Amendment No. 5 Adopted; Martwick
[Amendment] Amendment sub-action.
2025-04-10 Floor Process Positive
Placed on Calendar Order of 3rd Reading Rule 4-4(8)
Bill placed on the Third Reading calendar — queued for final vote.
2025-04-10 Floor Vote Positive
Third Reading - Passed;055-000-000 Rule 5-1(f)
Bill PASSED a floor vote on Third Reading. Major milestone — bill has cleared one chamber.
2025-04-10 Amendment Actions
Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
[Amendment] Amendment sub-action.
2025-04-10 Amendment Actions
Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
[Amendment] Amendment sub-action.
2025-04-10 Amendment Actions
Senate Floor Amendment No. 3 Tabled Pursuant to Rule 5-4(a)
[Amendment] Amendment sub-action.
2025-04-10 Amendment Actions
Senate Floor Amendment No. 4 Tabled Pursuant to Rule 5-4(a)
[Amendment] Amendment sub-action.
2025-04-10 Cross-Chamber Positive
Arrived in House Senate Rule 5-1(d)/4-4(9-11); House Rule 37(d)/31(10-12)
Senate bill arrives in the House after passing the Senate.
2025-04-10 Cross-Chamber Positive
Chief House SponsorRep. Diane Blair-Sherlock Senate Rule 5-1(d)/4-4(9-11); House Rule 37(d)/31(10-12)
House sponsor assigned for a Senate bill — bill is being actively managed in the second chamber.
2025-04-11 Introduction & Filing
First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38
Formal introduction — title read into the official record. Required procedural step; bill now exists in the system.
2025-04-11 Committee Assignment
Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a)
Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.
2025-04-17 Committee Assignment
Assigned toJudiciary - Civil Committee Senate Rule 3-8(a); House Rule 18(b)
Sent to a substantive committee (e.g., Transportation, Revenue). This is where the bill gets a real hearing and evaluation.
2025-04-30 Committee Action Positive
Do Pass / Short DebateJudiciary - Civil Committee; 013-007-000 Senate Rule 3-11(a)(1); House Rule 22(a)(1), 52(b)
Committee recommends passage and places it on the Short Debate calendar (limited floor discussion time). Strong positive signal — committee believes bill has broad support.
2025-04-30 Floor Process Positive
Placed on Calendar 2nd Reading - Short Debate Senate Rule 4-4(7-8)/5-2; House Rule 31(8-9)/38/52
Bill placed on the Second Reading calendar. Positive — bill is queued for floor action.
2025-05-14 Floor Process Positive
Second Reading - Short Debate Senate Rule 3-12(a)/5-4(a); House Rule 24(a)/40(b)/52(a)(1)
Bill reaches the floor amendment stage on Short Debate calendar. Major milestone — bill has passed committee and is on the floor.
2025-05-14 Floor Process Positive
Placed on Calendar Order of 3rd Reading - Short Debate Rule 4-4(8)
Bill placed on the Third Reading calendar — queued for final vote.
2025-05-20 Floor Vote Positive
Third Reading - Short Debate - Passed073-040-000 Senate Rule 5-1(f)/7-1/7-2; House Rule 37(f)/49/50
Bill PASSED on Short Debate Third Reading. Bill cleared the chamber.
2025-05-20 Concurrence Positive
Passed Both Houses Rule 8-1, Rule 8-4
Bill PASSED BOTH CHAMBERS. Major milestone — bill goes to the Governor next.
2025-06-18 Governor Action Positive
Sent to the Governor Senate Article IX/Rules 9-1 to 9-6; House Article IX/Rules 77-82
Bill transmitted to the Governor for signature. Strong positive — bill has passed both chambers.
2025-08-01 Governor Action Positive
Governor Approved Senate Article IX/Rules 9-1 to 9-6; House Article IX/Rules 77-82
GOVERNOR SIGNED THE BILL. Bill is now law (pending effective date).
2025-08-01 Enacted Into Law Law
Effective Date January 1, 2026 Article IX
Law's effective date announced. Most IL laws take effect January 1 of the next year unless otherwise specified.
2025-08-01 Enacted Into Law Law
Public Act . . . . . . . . .104-0116 Article IX
Bill signed into law — assigned a Public Act number (e.g., PA 104-0032).

All actions (table)

Date Chamber Action Category Signal
2025-02-05 Senate Filed with Secretary bySen. Robert F. Martwick Rule 2-7(b) Introduction & Filing
2025-02-05 Senate First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 Introduction & Filing
2025-02-05 Senate Referred toAssignments Senate Rule 3-8(a); House Rule 18(a) Committee Assignment
2025-02-18 Senate Assigned toJudiciary Senate Rule 3-8(a); House Rule 18(b) Committee Assignment
2025-02-27 Senate Postponed -Judiciary Senate Rule 3-11; House Rule 22 Committee Action
2025-03-04 Senate Senate Committee Amendment No. 1 Filed with Secretary bySen. Robert F. Martwick Amendment Actions
2025-03-04 Senate Senate Committee Amendment No. 1 Referred toAssignments Amendment Actions
2025-03-04 Senate Added as Co-SponsorSen. Michael W. Halpin Senate Rule 5-1(a); House Rule 37(a) Co-Sponsorship Mild +
2025-03-06 Senate Do PassJudiciary; 007-000-000 Rule 3-11(a)(1), Rule 3-12(a) Committee Action Positive
2025-03-06 Senate Placed on Calendar Order of 2nd Reading March 18, 2025 Rule 3-12(a), Rule 4-4(7) Floor Process Positive
2025-03-18 Senate Second Reading Senate Rule 3-12(a)/5-4(a); House Rule 24(a)/40(b) Floor Process Positive
2025-03-18 Senate Placed on Calendar Order of 3rd Reading March 19, 2025 Rule 4-4(8) Floor Process Positive
2025-03-18 Senate Senate Floor Amendment No. 2 Filed with Secretary bySen. Robert F. Martwick Amendment Actions
2025-03-18 Senate Senate Floor Amendment No. 2 Referred toAssignments Amendment Actions
2025-03-19 Senate Senate Floor Amendment No. 2 Assignments Refers toJudiciary Amendment Actions
2025-03-31 Senate Senate Floor Amendment No. 3 Filed with Secretary bySen. Robert F. Martwick Amendment Actions
2025-03-31 Senate Senate Floor Amendment No. 3 Referred toAssignments Amendment Actions
2025-04-01 Senate Senate Floor Amendment No. 3 Assignments Refers toJudiciary Amendment Actions
2025-04-01 Senate Senate Floor Amendment No. 4 Filed with Secretary bySen. Robert F. Martwick Amendment Actions
2025-04-01 Senate Senate Floor Amendment No. 4 Referred toAssignments Amendment Actions
2025-04-02 Senate Senate Floor Amendment No. 4 Assignments Refers toJudiciary Amendment Actions
2025-04-02 Senate Senate Floor Amendment No. 2 Postponed -Judiciary Amendment Actions
2025-04-03 Senate Senate Floor Amendment No. 4 Recommend Do AdoptJudiciary; 008-000-000 Amendment Actions
2025-04-03 Senate Senate Floor Amendment No. 5 Filed with Secretary bySen. Robert F. Martwick Amendment Actions
2025-04-03 Senate Senate Floor Amendment No. 5 Referred toAssignments Amendment Actions
2025-04-08 Senate Senate Floor Amendment No. 5 Assignments Refers toJudiciary Amendment Actions
2025-04-09 Senate Senate Floor Amendment No. 5 Recommend Do AdoptJudiciary; 008-000-000 Amendment Actions
2025-04-10 Senate Recalled to Second Reading Rule 5-4(a) Floor Process
2025-04-10 Senate Senate Floor Amendment No. 5 Adopted; Martwick Amendment Actions
2025-04-10 Senate Placed on Calendar Order of 3rd Reading Rule 4-4(8) Floor Process Positive
2025-04-10 Senate Third Reading - Passed;055-000-000 Rule 5-1(f) Floor Vote Positive
2025-04-10 Senate Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a) Amendment Actions
2025-04-10 Senate Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a) Amendment Actions
2025-04-10 Senate Senate Floor Amendment No. 3 Tabled Pursuant to Rule 5-4(a) Amendment Actions
2025-04-10 Senate Senate Floor Amendment No. 4 Tabled Pursuant to Rule 5-4(a) Amendment Actions
2025-04-10 House Arrived in House Senate Rule 5-1(d)/4-4(9-11); House Rule 37(d)/31(10-12) Cross-Chamber Positive
2025-04-10 House Chief House SponsorRep. Diane Blair-Sherlock Senate Rule 5-1(d)/4-4(9-11); House Rule 37(d)/31(10-12) Cross-Chamber Positive
2025-04-11 House First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 Introduction & Filing
2025-04-11 House Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a) Committee Assignment
2025-04-17 House Assigned toJudiciary - Civil Committee Senate Rule 3-8(a); House Rule 18(b) Committee Assignment
2025-04-30 House Do Pass / Short DebateJudiciary - Civil Committee; 013-007-000 Senate Rule 3-11(a)(1); House Rule 22(a)(1), 52(b) Committee Action Positive
2025-04-30 House Placed on Calendar 2nd Reading - Short Debate Senate Rule 4-4(7-8)/5-2; House Rule 31(8-9)/38/52 Floor Process Positive
2025-05-14 House Second Reading - Short Debate Senate Rule 3-12(a)/5-4(a); House Rule 24(a)/40(b)/52(a)(1) Floor Process Positive
2025-05-14 House Placed on Calendar Order of 3rd Reading - Short Debate Rule 4-4(8) Floor Process Positive
2025-05-20 House Third Reading - Short Debate - Passed073-040-000 Senate Rule 5-1(f)/7-1/7-2; House Rule 37(f)/49/50 Floor Vote Positive
2025-05-20 Senate Passed Both Houses Rule 8-1, Rule 8-4 Concurrence Positive
2025-06-18 Senate Sent to the Governor Senate Article IX/Rules 9-1 to 9-6; House Article IX/Rules 77-82 Governor Action Positive
2025-08-01 Senate Governor Approved Senate Article IX/Rules 9-1 to 9-6; House Article IX/Rules 77-82 Governor Action Positive
2025-08-01 Senate Effective Date January 1, 2026 Article IX Enacted Into Law Law
2025-08-01 Senate Public Act . . . . . . . . .104-0116 Article IX Enacted Into Law Law