HB2741
View on ILGAPUBLIC FUNDS-SECURITIES
What this bill does
Amends the Public Funds Investment Act. Permits public agencies to invest public funds in any security that matures or that may be tendered for purchase at the option of the holder within not more than 7 years of the date on which it is acquired and that has the highest rating category (AAA) or the second highest rating category (AA) assigned by Standard & Poor's Corporation, Moody's Investors' Services, or other similar nationally recognized statistical rating organization. Effective immediately.
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Pipeline Progress
Current stage: In Committee · Last action 548 days ago · STAGNANT
How does a bill become law in Illinois?
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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.
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Committee Work — Hearings
The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.
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Committee Work — Markup, Amendments, Report
The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.
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Floor Debate
The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.
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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.
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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
Bills sponsored by Travis Weaver advance 2% more often than the chamber average.
Campaign finance
This is SBE campaign receipts to the people on this bill, not Moneyball and not earmarked to the bill.
Money is campaign receipts to matched candidate committees, not earmarked to this bill. Window 2025-01-01 – 2026-09-13.
Sponsor and voter funding
| Member | Role | Receipts | Total received | Top donors |
|---|---|---|---|---|
| Travis Weaver | Chief sponsor | 173 | $515,370.05 | Fortress Bank ($294,651.55); Caterpillar INC PAC ($36,000.00); Realtor PAC ($12,500.00) |
| Eva-Dina Delgado | Sponsor | 332 | $390,943.46 | Illinois Realtors Political Action Committee ($17,500.00); Chicago Land Operators Joint Labor Management PAC ($13,000.00); Health Care Council of Illinois PAC ($11,000.00) |
| Martha Deuter | Sponsor | 86 | $81,322.80 | Chicagoland Operators Joint Labor-Management PAC ($9,000.00); Democrats for the Illinois House ($6,722.80); IPACE ($6,000.00) |
| Daniel Didech | Sponsor | 228 | $458,909.70 | JPMC ($108,803.32); Sports Betting Alliance ($14,200.00); Health Care Council of Illinois PAC ($11,000.00) |
Overlapping donors
Donors who gave to more than one sponsor or voter on this bill. Still not earmarked to the bill.
| Donor | Members | Total |
|---|---|---|
| Health Care Council of Illinois PAC | Daniel Didech, Eva-Dina Delgado | $22,000.00 |
| Sports Betting Alliance | Daniel Didech, Eva-Dina Delgado | $19,200.00 |
| Ameren Illinois | Daniel Didech, Eva-Dina Delgado, Travis Weaver, Martha Deuter | $15,500.00 |
| Carpentry Advancement Political Action Committee Fund | Daniel Didech, Eva-Dina Delgado, Martha Deuter | $13,000.00 |
| Accel Entertainment Gaming, LLC | Daniel Didech, Eva-Dina Delgado | $12,500.00 |
| Illinois State Medical Society PAC | Daniel Didech, Eva-Dina Delgado, Travis Weaver, Martha Deuter | $12,000.00 |
| Chicago Land Operators Joint Labor-Management PAC | Daniel Didech, Travis Weaver | $11,000.00 |
| J & J Ventures Gaming LLC | Daniel Didech, Eva-Dina Delgado | $9,000.00 |
| Southern Glazer's Wine and Spirits, LLC | Daniel Didech, Eva-Dina Delgado | $7,000.00 |
| Associated Beer Distributors of Illinois PAC | Eva-Dina Delgado, Martha Deuter | $6,000.00 |
| LiUNA Chicago Laborers District Council | Daniel Didech, Martha Deuter | $6,000.00 |
| Taft Stettinius & Hollister LLP | Daniel Didech, Eva-Dina Delgado | $5,700.00 |
| Community BancPac | Daniel Didech, Travis Weaver | $5,500.00 |
| PhRMA | Daniel Didech, Eva-Dina Delgado, Travis Weaver, Martha Deuter | $5,000.00 |
| Vision Management Services | Daniel Didech, Eva-Dina Delgado | $5,000.00 |
| Illinois Federation of Teachers COPE | Daniel Didech, Eva-Dina Delgado, Martha Deuter | $4,500.00 |
| PCI Gaming Authority | Daniel Didech, Martha Deuter | $4,500.00 |
| Associated Beer Distributors of IL PAC | Daniel Didech, Travis Weaver | $4,000.00 |
| Wine and Spirits Distributors of Illinois PAC | Daniel Didech, Eva-Dina Delgado | $4,000.00 |
| Cozen O'Connor | Eva-Dina Delgado, Martha Deuter | $4,000.00 |
| Caesars Enterprise Services LLC | Daniel Didech, Eva-Dina Delgado | $3,500.00 |
| Roofers & Waterproofers Local 11 PAC | Daniel Didech, Eva-Dina Delgado | $3,500.00 |
| Illinois Manufactured Housing Association | Eva-Dina Delgado, Martha Deuter | $3,500.00 |
| IUOE Local 399 Political Education Fund | Daniel Didech, Martha Deuter | $3,500.00 |
| DENT-IL-PAC | Daniel Didech, Travis Weaver | $3,000.00 |
Top donors across these members
| Donor | Occupation | Employer | Receipts | Total |
|---|---|---|---|---|
| Fortress Bank | — | — | 4 | $294,651.55 |
| JPMC | — | — | 1 | $108,803.32 |
| Caterpillar INC PAC | — | — | 3 | $36,000.00 |
| Health Care Council of Illinois PAC | — | — | 4 | $22,000.00 |
| Sports Betting Alliance | — | — | 3 | $19,200.00 |
| Illinois Realtors Political Action Committee | — | — | 5 | $17,500.00 |
| Ameren Illinois | — | — | 11 | $15,500.00 |
| Carpentry Advancement Political Action Committee Fund | — | — | 10 | $13,000.00 |
| Chicago Land Operators Joint Labor Management PAC | — | — | 6 | $13,000.00 |
| Realtor PAC | — | — | 4 | $12,500.00 |
| Accel Entertainment Gaming, LLC | — | — | 3 | $12,500.00 |
| Illinois State Medical Society PAC | — | — | 9 | $12,000.00 |
| Chicago Land Operators Joint Labor-Management PAC | — | — | 6 | $11,000.00 |
| Illinois Bankers PAC | — | — | 2 | $10,331.48 |
| Davita | — | — | 2 | $10,000.00 |
| LIUNA Chicago's Laborers District Council | — | — | 2 | $10,000.00 |
| Save Our Local Businesses Illinois PAC ID#39860 | — | — | 1 | $10,000.00 |
| VGW Luckyland Inc. | — | — | 2 | $10,000.00 |
| J & J Ventures Gaming LLC | — | — | 4 | $9,000.00 |
| Chicagoland Operators Joint Labor-Management PAC | — | — | 2 | $9,000.00 |
| Marquis Energy - LLC | — | — | 1 | $8,000.00 |
| McDonalds | — | — | 2 | $8,000.00 |
| John Bearce Motorsports | — | — | 2 | $7,500.00 |
| Coulter Consulting Company | — | — | 2 | $7,500.00 |
| IVCA PAC | — | — | 2 | $7,500.00 |
Hearings
This bill has not been scheduled for a committee hearing.
Witness slips
3 slips filed. Proponent / opponent / no position as filed with the committee.
| Name | Organization | Representing | Position | Hearing committee | Hearing date |
|---|---|---|---|---|---|
| Maura Freeman | Illinois Association of Park Districts | Illinois Association of Park Districts | Proponent | Tax Policy: Finance Subcommittee | 2025-03-20 |
| Maura Freeman | Illinois Association of Park Districts | Illinois Association of Park Districts | Proponent | Revenue & Finance | 2025-03-20 |
| Maura Freeman | Illinois Association of Park Districts | Illinois Association of Park Districts | Proponent | Revenue & Finance | 2025-03-11 |
Action History
9 actions recorded. Last action: 2025-04-10 — Added Chief Co-SponsorRep. Martha Deuter. Each action's meaning and outcome signal are classified automatically.
All actions (table)
| Date | Chamber | Action | Category | Signal |
|---|---|---|---|---|
| 2025-02-05 | House | Filed with the Clerk byRep. Travis Weaver House Rule 6(b) | Introduction & Filing | — |
| 2025-02-06 | House | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2025-02-06 | House | Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a) | Committee Assignment | — |
| 2025-03-04 | House | Assigned toRevenue & Finance Committee Senate Rule 3-8(a); House Rule 18(b) | Committee Assignment | — |
| 2025-03-06 | House | ToTax Policy: Finance Subcommittee Rule 3-3(b) | Committee Assignment | — |
| 2025-03-21 | House | Rule 19(a) / Re-referred toRules Committee House Rule 19(a); Senate analog: Rule 3-9(a) | Deadlines & Re-referrals | Mild − |
| 2025-03-25 | House | Added Chief Co-SponsorRep. Eva-Dina Delgado Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-03-25 | House | Added Co-SponsorRep. Daniel Didech Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-10 | House | Added Chief Co-SponsorRep. Martha Deuter Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |