summary
Introduced
02/06/2026
02/06/2026
In Committee
03/03/2026
03/03/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Department of Professional Regulation Law of the Civil Administrative Code of Illinois. Requires the Department of Financial and Professional Regulation, in consultation with the Sangamon County Board and the City of Springfield, to conduct a study on the lending practices and borrower outcomes within Sangamon County and analyze any information collected in connection with that study. Provides that the study shall encompass all financial institutions and lending entities licensed or regulated by the Department that operate within Sangamon County or are municipally authorized by the City of Springfield. Amends the Department of Transportation Law of the Civil Administrative Code of Illinois. Requires the Department of Transportation, in consultation with the specified entities, to conduct a countywide transit equity analysis study and analyze any information collected in connection with that study. Amends the Affordable Housing Planning and Appeal Act. Requires the Illinois Housing Development Authority, in consultation with the Sangamon County Board and the City of Springfield Office of Planning and Economic Development, to conduct a countywide housing and community revitalization study and analyze any information collected in connection with that study. Establishes reporting requirements related to each study under each of the relevant Acts. Sets a repeal date of December 31, 2029 for the provisions concerning each study under each of those Acts.
AI Summary
This bill mandates three separate studies to be conducted in Sangamon County, Illinois, each with a reporting deadline of December 31, 2028, and a repeal date of December 31, 2029. First, the Department of Financial and Professional Regulation will study lending practices and borrower outcomes, examining data from all licensed financial institutions and lending entities to identify disparities and promote equitable credit access. Second, the Department of Transportation will conduct a transit equity analysis to identify and address transportation disparities, evaluating service coverage, infrastructure, accessibility, and recommending improvements to ensure equitable access for all residents. Finally, the Illinois Housing Development Authority will undertake a housing and community revitalization study to promote equitable housing, assessing affordable housing stock, identifying areas in need of investment, and proposing incentives and programs for affordable housing development and homeownership.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Rule 2-10 Committee Deadline Established As April 24, 2026 (on 03/13/2026)
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