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HB5759

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ILLINOIS BABY BOND TRUST

What this bill does

Amends the State Treasurer Act. Establishes the Illinois Baby Bond Trust. Provides that the State Treasurer shall be responsible for the receipt, maintenance, administration, investing, and disbursements of moneys from the trust. Sets forth additional provisions concerning the deposit and distribution of moneys in the trust. Provides that, upon the birth of a designated beneficiary, the State Treasurer shall transfer $5,000 from the General Revenue Fund to the trust to be credited toward the accounting of the designated beneficiary. Provides that, upon a designated beneficiary's eighteenth birthday, if the beneficiary is a resident of the State, the beneficiary shall become eligible to receive the total sum of the accounting to be used for a qualified expense. Defines "qualified expense" as an expenditure associated with: (i) education of a designated beneficiary; (ii) ownership of a home by a designated beneficiary; (iii) ownership of a business by a designated beneficiary; or (iv) any investment in financial assets or personal capital that provides long-term gains to wages or wealth. Effective January 1, 2029.

Sponsor: Kimberly Du Buclet Chamber: House Introduced: 2026-04-29

Stuck

P(Advance)

37.7%

Chance it ever reaches a milestone (committee, floor, etc.). Not “next step.”

P(Law)

0.0%

Chance it becomes law given where it is now (stage, momentum).

Confidence: 62% FORECAST

Calculating prediction drivers...

Pipeline Progress

Current stage: In Committee · Last action 20 days ago · NEW

How does a bill become law in Illinois?

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.
Committee Work — Hearings
The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.
Committee Work — Markup, Amendments, Report
The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.
Floor Debate
The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.
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.
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.

Hearings

This bill has not been scheduled for a committee hearing.

Action History

3 actions recorded. Last action: 2026-05-05 — Referred toRules Committee. Each action's meaning and outcome signal are classified automatically.

2026-04-29 Introduction & Filing

Filed with the Clerk byRep. Kimberly Du Buclet House Rule 6(b)

Bill officially submitted to the House Clerk during the session.

2026-05-05 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.

2026-05-05 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.

All actions (table)

Date	Chamber	Action	Category	Signal
2026-04-29	House	Filed with the Clerk byRep. Kimberly Du Buclet House Rule 6(b)	Introduction & Filing	—
2026-05-05	House	First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38	Introduction & Filing	—
2026-05-05	House	Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a)	Committee Assignment	—