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Bill > SB2408


IL SB2408

IL SB2408
INSURANCE GUARANTY FUND


summary

Introduced
02/26/2021
In Committee
06/02/2021
Crossed Over
04/23/2021
Passed
09/13/2021
Dead
Signed/Enacted/Adopted
09/15/2021

Introduced Session

102nd General Assembly

Bill Summary

Amends the Illinois Insurance Code. Authorizes the Illinois Insurance Guaranty Fund, at the direction of its board of directors and subject to the approval of the Director of Insurance, to form and own a not-for-profit corporation to which the Fund may delegate certain of its powers and duties provided by the Code. Allows the not-for-profit corporation to contract to provide services to the Office of Special Deputy Receiver or any other person or organization authorized by law to carry out the duties of the Director in the capacity of receiver under specified provisions of the Code, the Illinois Life and Health Insurance Guaranty Association, an organizations in another state similar to the Illinois Insurance Guaranty Fund or the Illinois Life and Health Insurance Guaranty Association. Effective immediately.

AI Summary

Here is a one-paragraph summary of the key provisions of this bill: This bill aims to promote the development of renewable energy resources and ensure a just transition to clean energy in Illinois. It establishes several new programs and initiatives, including the Clean Jobs Workforce Network Program, the Illinois Climate Works Preapprenticeship Program, the Clean Energy Contractor Incubator Program, the Returning Residents Clean Jobs Training Program, and the Clean Energy Primes Contractor Accelerator Program, to provide training, job opportunities, and support for disadvantaged workers and communities in the clean energy sector. The bill also creates the Illinois Solar for All Program to expand access to renewable energy for low-income residents, establishes an Equity Accountability System to increase participation of minority-owned and disadvantaged businesses in clean energy procurements, and authorizes the Illinois Power Agency to procure carbon mitigation credits from nuclear power plants to preserve carbon-free electricity generation in the state. Overall, the bill aims to ensure the benefits of the clean energy economy are distributed equitably across Illinois.

Committee Categories

Business and Industry, Government Affairs

Sponsors (42)

Marcus Evans (D)* Don Harmon (D)* Kam Buckner (D),  Melinda Bush (D),  Jonathan Carroll (D),  Cristina Castro (D),  Deborah Conroy (D),  Bill Cunningham (D),  John D'Amico (D),  Eva-Dina Delgado (D),  Dan Didech (D),  Laura Fine (D),  Robyn Gabel (D),  Ann Gillespie (D),  Jen Gong-Gershowitz (D),  Edgar González (D),  Jehan Gordon-Booth (D),  LaToya Greenwood (D),  Will Guzzardi (D),  Greg Harris (D),  Michael Hastings (D),  Barbara Hernandez (D),  Jay Hoffman (D),  Mattie Hunter (D),  Patrick Joyce (D),  Steven Landek (D),  Lindsey LaPointe (D),  Theresa Mah (D),  Rita Mayfield (D),  Anna Moeller (D),  Bob Morgan (D),  Aarón Ortíz (D),  Cristina Pacione-Zayas (D),  Robert Peters (D),  Delia Ramirez (D),  Elgie Sims (D),  Anne Stava-Murray (D),  Denyse Stoneback (D),  Dave Vella (D),  Maurice West (D),  Ann Williams (D),  Sam Yingling (D), 

Last Action

Added as Chief Co-Sponsor Sen. Melinda Bush (on 02/23/2022)

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Document Type Source Location
State Bill Page https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2408&GAID=16&DocTypeID=SB&SessionID=110&GA=102
House Amendment 003 https://www.ilga.gov/legislation/102/SB/10200SB2408ham003.htm
House Amendment 005 https://www.ilga.gov/legislation/102/SB/10200SB2408ham005.htm
House Amendment 001 https://www.ilga.gov/legislation/102/SB/10200SB2408ham001.htm
Senate Amendment 001 https://www.ilga.gov/legislation/102/SB/10200SB2408sam001.htm
House Amendment 004 https://www.ilga.gov/legislation/102/SB/10200SB2408ham004.htm
House Amendment 002 https://www.ilga.gov/legislation/102/SB/10200SB2408ham002.htm
BillText https://www.ilga.gov/legislation/102/SB/10200SB2408enr.htm
BillText https://www.ilga.gov/legislation/102/SB/10200SB2408.htm
BillText https://www.ilga.gov/legislation/102/SB/10200SB2408eng.htm
Bill https://www.ilga.gov/legislation/publicacts/102/102-0662.htm
Bill https://www.ilga.gov/legislation/102/SB/PDF/10200SB2408.pdf
Bill https://www.ilga.gov/legislation/102/SB/PDF/10200SB2408enr.pdf
Bill https://www.ilga.gov/legislation/102/SB/PDF/10200SB2408eng.pdf
Bill http://www.ilga.gov/legislation/publicacts/102/102-0662.htm
BillText http://www.ilga.gov/legislation/102/SB/10200SB2408enr.htm
Bill http://www.ilga.gov/legislation/102/SB/PDF/10200SB2408enr.pdf
House Amendment 005 http://www.ilga.gov/legislation/102/SB/10200SB2408ham005.htm
House Amendment 004 http://www.ilga.gov/legislation/102/SB/10200SB2408ham004.htm
House Amendment 002 http://www.ilga.gov/legislation/102/SB/10200SB2408ham002.htm
House Amendment 003 http://www.ilga.gov/legislation/102/SB/10200SB2408ham003.htm
House Amendment 001 http://www.ilga.gov/legislation/102/SB/10200SB2408ham001.htm
BillText http://www.ilga.gov/legislation/102/SB/10200SB2408eng.htm
Bill http://www.ilga.gov/legislation/102/SB/PDF/10200SB2408eng.pdf
Senate Amendment 001 http://www.ilga.gov/legislation/102/SB/10200SB2408sam001.htm
BillText http://www.ilga.gov/legislation/102/SB/10200SB2408.htm
Bill http://www.ilga.gov/legislation/102/SB/PDF/10200SB2408.pdf
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