summary
Introduced
01/13/2026
01/13/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
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 and administer a Small Business Restoration Grant Program to assist small businesses in the State that have been affected by the actions of the United States Immigration and Customs Enforcement (ICE) during Operation Midway Blitz. Provides for the transfer of $50,000,000 from the General Revenue Fund to the Small Business Restoration Fund. Amends the State Finance Act to create the Small Business Restoration Fund. Effective immediately.
AI Summary
This bill establishes a Small Business Restoration Grant Program, administered by the Department of Commerce and Economic Opportunity (DCEO), to help small businesses in Illinois that were impacted by actions taken by the United States Immigration and Customs Enforcement (ICE) during an operation called "Operation Midway Blitz." A "small business" is defined as an independently-owned brick-and-mortar business with 25 or fewer full-time employees as of September 9, 2025. To fund these grants, $50,000,000 will be transferred from the state's General Revenue Fund to a newly created special fund called the Small Business Restoration Fund, which will be used by the DCEO for this program. The bill also amends the State Finance Act to officially create this fund and states that it takes effect immediately upon becoming law.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Assigned to Appropriations (on 02/03/2026)
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