Bill Sponsor
Illinois House Bill 2568
Session 104th
Trust Code-Unclaimed Property
Active
Active
Vetoed by Governor on Aug 8, 2025
Sponsors
First Action
Feb 4, 2025
Latest Action
Aug 8, 2025
Origin Chamber
House
Type
Bill
Bill Number
2568
State
Illinois
Session
104th
Sponsorship by Party
Democrat
Primary
Democrat
Primary
Unknown
Aarón M. Ortíz
Cosponsor
Democrat
Cosponsor
Unknown
Anne Stava
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Unknown
Edgar González, Jr.
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
Democrat
Cosponsor
House Votes (7)
Senate Votes (4)
Motion Text
Concurrence
House Roll Call Votes
Unknown
Johnson
Yes
Unknown
Jones
Yes
Summary
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.
Text (8)
08/08/2025
House
Governor Amendatory Veto
06/09/2025
House
Sent to the Governor
05/31/2025
House
Added Co-Sponsor Rep. Martha Deuter
05/31/2025
House
Passed Both Houses
05/31/2025
House
House Concurs
05/31/2025
House
Senate Floor Amendment No. 2 House Concurs 077-040-000
05/31/2025
House
Senate Committee Amendment No. 1 House Concurs 077-040-000
05/30/2025
House
Senate Floor Amendment No. 2 Motion to Concur Recommends Be Adopted Judiciary - Civil Committee; 013-007-000
05/30/2025
House
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Judiciary - Civil Committee; 013-007-000
05/30/2025
Senate
Added as Alternate Co-Sponsor Sen. Karina Villa
05/30/2025
House
Senate Floor Amendment No. 2 Motion to Concur Rules Referred to Judiciary - Civil Committee
05/30/2025
House
Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Judiciary - Civil Committee
05/30/2025
Senate
Added as Alternate Co-Sponsor Sen. Graciela Guzmán
05/30/2025
Senate
Added as Alternate Co-Sponsor Sen. Laura Fine
05/29/2025
Senate
Added as Alternate Co-Sponsor Sen. Robert Peters
05/29/2025
Senate
Added as Alternate Chief Co-Sponsor Sen. Sara Feigenholtz
05/29/2025
Senate
Added as Alternate Chief Co-Sponsor Sen. Celina Villanueva
05/29/2025
House
Senate Floor Amendment No. 2 Motion to Concur Referred to Rules Committee
05/29/2025
House
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
05/29/2025
House
Senate Floor Amendment No. 2 Motion Filed Concur Rep. Tracy Katz Muhl
05/29/2025
House
Senate Committee Amendment No. 1 Motion Filed Concur Rep. Tracy Katz Muhl
05/29/2025
House
Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2
05/29/2025
House
Arrived in House
05/29/2025
Senate
Third Reading - Passed; 036-019-000
05/29/2025
Senate
Placed on Calendar Order of 3rd Reading
05/29/2025
Senate
Senate Floor Amendment No. 2 Adopted; Harmon
05/29/2025
Senate
Recalled to Second Reading
05/29/2025
Senate
Added as Alternate Co-Sponsor Sen. Adriane Johnson
05/29/2025
Senate
Added as Alternate Co-Sponsor Sen. Mike Simmons
05/29/2025
Senate
Added as Alternate Co-Sponsor Sen. David Koehler
05/29/2025
Senate
Added as Alternate Co-Sponsor Sen. Michael W. Halpin
05/29/2025
Senate
Added as Alternate Co-Sponsor Sen. Mary Edly-Allen
05/28/2025
House
Added Chief Co-Sponsor Rep. Eva-Dina Delgado
05/28/2025
Senate
Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 009-004-000
05/28/2025
House
Removed Co-Sponsor Rep. Kam Buckner
05/28/2025
House
Added Chief Co-Sponsor Rep. Kam Buckner
05/28/2025
House
Added Co-Sponsor Rep. Diane Blair-Sherlock
05/28/2025
House
Added Co-Sponsor Rep. Michael Crawford
05/28/2025
House
Added Co-Sponsor Rep. Lindsey LaPointe
05/28/2025
House
Added Co-Sponsor Rep. Anna Moeller
05/28/2025
House
Added Co-Sponsor Rep. Gregg Johnson
05/28/2025
House
Added Co-Sponsor Rep. Edgar González, Jr.
05/28/2025
House
Added Co-Sponsor Rep. Lisa Davis
05/28/2025
House
Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
05/28/2025
House
Added Co-Sponsor Rep. Camille Y. Lilly
05/28/2025
House
Added Co-Sponsor Rep. Maura Hirschauer
05/28/2025
House
Added Co-Sponsor Rep. Norma Hernandez
05/28/2025
House
Added Co-Sponsor Rep. Elizabeth "Lisa" Hernandez
05/28/2025
House
Added Co-Sponsor Rep. Laura Faver Dias
05/28/2025
House
Added Co-Sponsor Rep. Sharon Chung
05/28/2025
House
Added Co-Sponsor Rep. Kevin John Olickal
05/28/2025
House
Added Co-Sponsor Rep. Joyce Mason
05/28/2025
House
Added Co-Sponsor Rep. Lilian Jiménez
05/28/2025
House
Added Co-Sponsor Rep. Jehan Gordon-Booth
05/28/2025
House
Added Co-Sponsor Rep. Marcus C. Evans, Jr.
05/28/2025
House
Added Co-Sponsor Rep. Aarón M. Ortíz
05/28/2025
House
Added Co-Sponsor Rep. Bob Morgan
05/28/2025
House
Added Co-Sponsor Rep. Barbara Hernandez
05/28/2025
House
Added Co-Sponsor Rep. Hoan Huynh
05/28/2025
House
Added Co-Sponsor Rep. Amy Briel
05/28/2025
House
Added Co-Sponsor Rep. Ann M. Williams
05/28/2025
House
Added Co-Sponsor Rep. Dagmara Avelar
05/28/2025
House
Added Co-Sponsor Rep. Kam Buckner
05/28/2025
House
Added Co-Sponsor Rep. Will Guzzardi
05/28/2025
House
Added Co-Sponsor Rep. Margaret Croke
05/28/2025
House
Added Co-Sponsor Rep. Robyn Gabel
05/28/2025
House
Added Co-Sponsor Rep. Daniel Didech
05/28/2025
House
Added Co-Sponsor Rep. Mary Beth Canty
05/28/2025
House
Added Co-Sponsor Rep. Anne Stava
05/28/2025
House
Added Co-Sponsor Rep. Nicolle Grasse
05/28/2025
House
Added Chief Co-Sponsor Rep. Theresa Mah
05/28/2025
House
Added Chief Co-Sponsor Rep. Kelly M. Cassidy
05/28/2025
House
Chief Sponsor Changed to Rep. Tracy Katz Muhl
05/28/2025
Senate
Senate Floor Amendment No. 2 Assignments Refers to Executive
05/28/2025
Senate
Senate Floor Amendment No. 2 Referred to Assignments
05/28/2025
Senate
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon
05/23/2025
Senate
Rule 2-10 Third Reading/Passage Deadline Established As June 1, 2025
05/15/2025
Senate
Placed on Calendar Order of 3rd Reading May 20, 2025
05/15/2025
Senate
Second Reading
05/15/2025
Senate
Placed on Calendar Order of 2nd Reading
05/15/2025
Senate
Do Pass as Amended Executive; 009-004-000
05/14/2025
Senate
Senate Committee Amendment No. 1 Adopted
05/14/2025
Senate
Senate Committee Amendment No. 1 Assignments Refers to Executive
05/13/2025
Senate
Alternate Chief Sponsor Changed to Sen. Don Harmon
05/13/2025
Senate
Senate Committee Amendment No. 1 Referred to Assignments
05/13/2025
Senate
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
05/09/2025
Senate
Rule 2-10 Committee Deadline Established As May 23, 2025
05/08/2025
Senate
Assigned to Executive
04/14/2025
Senate
Referred to Assignments
04/14/2025
Senate
First Reading
04/14/2025
Senate
Chief Senate Sponsor Sen. Robert F. Martwick
04/14/2025
Senate
Placed on Calendar Order of First Reading
04/14/2025
Senate
Arrive in Senate
04/10/2025
House
House Floor Amendment No. 2 Tabled
04/10/2025
House
Third Reading - Short Debate - Passed 075-038-000
04/10/2025
House
Placed on Calendar Order of 3rd Reading - Short Debate
04/10/2025
House
House Floor Amendment No. 3 Adopted
04/09/2025
House
House Floor Amendment No. 3 Recommends Be Adopted Judiciary - Civil Committee; 013-007-000
04/07/2025
House
House Floor Amendment No. 3 Rules Refers to Judiciary - Civil Committee
04/07/2025
House
House Floor Amendment No. 3 Referred to Rules Committee
04/07/2025
House
House Floor Amendment No. 3 Filed with Clerk by Rep. Diane Blair-Sherlock
03/26/2025
House
Held on Calendar Order of Second Reading - Short Debate
03/26/2025
House
Second Reading - Short Debate
03/26/2025
House
House Floor Amendment No. 2 Rules Refers to Judiciary - Civil Committee
03/25/2025
House
House Floor Amendment No. 2 Referred to Rules Committee
03/25/2025
House
House Floor Amendment No. 2 Filed with Clerk by Rep. Diane Blair-Sherlock
03/19/2025
House
Placed on Calendar 2nd Reading - Short Debate
03/19/2025
House
Do Pass as Amended / Short Debate Judiciary - Civil Committee; 013-007-000
03/19/2025
House
House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
03/18/2025
House
Removed Co-Sponsor Rep. Eva-Dina Delgado
03/18/2025
House
Removed Co-Sponsor Rep. Dave Vella
03/18/2025
House
Added Co-Sponsor Rep. Michelle Mussman
03/18/2025
House
Added Co-Sponsor Rep. Eva-Dina Delgado
03/18/2025
House
Added Co-Sponsor Rep. Jennifer Gong-Gershowitz
03/18/2025
House
Added Co-Sponsor Rep. Dave Vella
03/12/2025
House
House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
03/11/2025
House
House Committee Amendment No. 1 Referred to Rules Committee
03/11/2025
House
House Committee Amendment No. 1 Filed with Clerk by Rep. Diane Blair-Sherlock
03/04/2025
House
Assigned to Judiciary - Civil Committee
02/04/2025
House
Referred to Rules Committee
02/04/2025
House
First Reading
02/04/2025
House
Filed with the Clerk by Rep. Diane Blair-Sherlock
Sources
Record Created
Feb 6, 2025 10:40:45 PM
Record Updated
Oct 9, 2025 2:03:48 PM