<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 4595         </title>
<shortdesc>SECURE CHOICE SAVINGS PROGRAM</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Barbara Flynn Currie-Scott Drury, Emanuel Chris Welch, Robyn Gabel, Maria Antonia Berrios, Michael J. Zalewski, Christian L. Mitchell, Monique D. Davis, Naomi D. Jakobsson, La Shawn K. Ford, Thaddeus Jones, Charles E. Jefferson, Kelly M. Cassidy, Marcus C. Evans, Jr., Camille Y. Lilly, William Davis, Daniel J. Burke and Elizabeth Hernandez</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>30 ILCS 105/5.855 new</reference><aliasreference></aliasreference><SynopsisText>     Creates the Illinois Secure Choice Savings Program Act. Establishes a retirement savings program in the form of an automatic enrollment payroll deduction IRA with the intent of promoting greater retirement savings for private-sector employees in a convenient, low-cost, and portable manner. Creates the Illinois Secure Choice Savings Program Fund consisting of moneys received from enrollees and participating employers. Sets forth the composition of the Board, the Board's duties, and provisions governing risk management, investment firms, and investment options. Provides for employee and employer information packets, as well as program implementation and enrollment. Provides that the State shall have no duty or liability to any party for the payment of any retirement savings benefits accrued by any individual under the Program. Requires annual reports and audits of the Program. Sets forth penalties. Amends the State Finance Act to create the Illinois Secure Choice Savings Program Fund. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2014</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Barbara Flynn Currie</action>
<statusdate>2/4/2014</statusdate><chamber>House</chamber><action>Chief Co-Sponsor Rep. Scott Drury</action>
<statusdate>2/4/2014</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/4/2014</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/5/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Emanuel Chris Welch</action>
<statusdate>2/6/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Robyn Gabel</action>
<statusdate>2/18/2014</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/20/2014</statusdate><chamber>House</chamber><action>To Finance Subcommittee</action>
<statusdate>2/20/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Maria Antonia Berrios</action>
<statusdate>2/24/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael J. Zalewski</action>
<statusdate>2/26/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Christian L. Mitchell</action>
<statusdate>2/26/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Linda Chapa LaVia</action>
<statusdate>3/5/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Monique D. Davis</action>
<statusdate>3/5/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Naomi D. Jakobsson</action>
<statusdate>3/6/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. La Shawn K. Ford</action>
<statusdate>3/13/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Thaddeus Jones</action>
<statusdate>3/18/2014</statusdate><chamber>House</chamber><action>Removed Co-Sponsor Rep. Linda Chapa LaVia</action>
<statusdate>3/18/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Charles E. Jefferson</action>
<statusdate>3/21/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kelly M. Cassidy</action>
<statusdate>3/27/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Marcus C. Evans, Jr.</action>
<statusdate>3/28/2014</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>4/8/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Camille Y. Lilly</action>
<statusdate>4/8/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. William Davis</action>
<statusdate>4/9/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Daniel J. Burke</action>
<statusdate>6/12/2014</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Elizabeth Hernandez</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

