Illinois General Assembly - Bill Status for HB3582
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 Bill Status of HB3582  93rd General Assembly

Short Description:  STRUCTURED SETTLEMENT PROTECT

House Sponsors
Rep. Kurt M. Granberg and Mary K. O'Brien

Senate Sponsors
(Sen. John J. Cullerton - Kirk W. Dillard)

Last Action
DateChamber Action
  8/11/2003HousePublic Act . . . . . . . . . 93-0502

Statutes Amended In Order of Appearance
New Act
215 ILCS 5/155.34 rep.


Synopsis As Introduced
Creates the Structured Settlement Protection Act. Requires that certain disclosures be given to a payee before the payee enters into a structured settlement for the payment of a tort claim or a settlement of a workers' compensation claim. Provides that a payee may not transfer structured payment settlement rights without approval by a court or responsible administrative authority. Establishes a procedure for the approval of transfers of structured settlement payment rights.

House Committee Amendment No. 1
Deletes reference to:
215 ILCS 5/155.34 rep.

Replaces everything after the enacting clause. Creates the Structured Settlement Protection Act. Provides only a short title.

House Floor Amendment No. 2
Adds reference to:
215 ILCS 5/155.34 rep.

Replaces everything after the enacting clause with the bill as introduced, but revises the procedure for approval of transfers. Requires prior approval of the circuit court before payments may be made to a person other than the payee or beneficiary of the payee. Prohibits a payee or beneficiary of payee from assigning structured settlement payment rights without court approval.

Senate Committee Amendment No. 1
Provides that an application for the transfer of structured settlement payment rights must be brought in the circuit court of the county in which an action was or could have been maintained or before any responsible administrative authority that approved the structured settlement agreement.

Actions 
DateChamber Action
  2/28/2003HouseFiled with the Clerk by Rep. Kurt M. Granberg
  2/28/2003HouseFirst Reading
  2/28/2003HouseReferred to Rules Committee
  3/5/2003HouseAssigned to Judiciary I - Civil Law Committee
  3/12/2003HouseHouse Committee Amendment No. 1 Filed with Clerk by Judiciary I - Civil Law Committee
  3/12/2003HouseHouse Committee Amendment No. 1 Adopted in Judiciary I - Civil Law Committee; by Voice Vote
  3/12/2003HouseDo Pass as Amended / Short Debate Judiciary I - Civil Law Committee; 016-002-000
  3/12/2003HousePlaced on Calendar 2nd Reading - Short Debate
  3/26/2003HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Kurt M. Granberg
  3/26/2003HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  3/28/2003HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
  3/28/2003HouseSecond Reading - Short Debate
  3/28/2003HouseHouse Floor Amendment No. 2 Adopted by Voice Vote
  3/28/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/31/2003HouseAdded Co-Sponsor Rep. Mary K. O'Brien
  3/31/2003HouseThird Reading - Short Debate - Passed 113-000-000
  4/2/2003SenateArrive in Senate
  4/2/2003SenatePlaced on Calendar Order of First Reading April 3, 2003
  4/2/2003SenateChief Senate Sponsor Sen. John J. Cullerton
  4/2/2003SenateFirst Reading
  4/2/2003SenateReferred to Rules
  4/3/2003SenateAdded as Alternate Chief Co-Sponsor Sen. Kirk W. Dillard
  4/10/2003SenateAssigned to Judiciary
  4/28/2003SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton
  4/28/2003SenateSenate Committee Amendment No. 1 Referred to Rules
  4/29/2003SenateSenate Committee Amendment No. 1 Rules Refers to Judiciary
  4/29/2003SenateSenate Committee Amendment No. 1 Adopted
  5/1/2003SenateDo Pass as Amended Judiciary; 008-000-000
  5/1/2003SenatePlaced on Calendar Order of 2nd Reading May 6, 2003
  5/6/2003SenateSecond Reading
  5/6/2003SenatePlaced on Calendar Order of 3rd Reading May 7, 2003
  5/15/2003SenateThird Reading - Passed; 058-000-000
  5/15/2003HouseArrived in House
  5/15/2003HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
  5/16/2003HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. Kurt M. Granberg; Motion #1
  5/16/2003HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
  5/20/2003HouseSenate Committee Amendment No. 1 Motion to Concur Recommends be Adopted Rules Committee; 003-002-000
  5/23/2003HouseFinal Action Deadline Extended-9(b) May 31, 2003
  5/27/2003HouseSenate Committee Amendment No. 1 House Concurs 117-000-000
  5/27/2003HousePassed Both Houses
  6/25/2003HouseSent to the Governor
  8/11/2003HouseGovernor Approved
  8/11/2003HouseEffective Date January 1, 2004
  8/11/2003HousePublic Act . . . . . . . . . 93-0502

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