HB5264 - 104th General Assembly (2025-2026)

DCEO-SMALL BUSINESS LOANS
Last Action
2/10/2026 - House: Referred to Rules Committee
Statutes Amended In Order of Appearance
20 ILCS 605/605-1119 new  
30 ILCS 105/5.1038 new  
Synopsis As Introduced
Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall establish a loan program to provide low interest loans to small businesses that have been negatively impacted by federal immigration enforcement. Provides that the Department may make those loans from the Federal Immigration Recovery Fund and may administer the program directly through the Fund or enter into agreements with banks, credit unions, nonprofit loan administrations, or community development financial institutions. Amends the State Finance Act to create the Federal Immigration Recovery Fund. Effective immediately.
Actions
DateChamberAction
2/05/2026HouseFiled with the Clerk by Rep. Elizabeth "Lisa" Hernandez
2/10/2026HouseFirst Reading
2/10/2026HouseReferred to Rules Committee