May 17, 2024 State Capitol Report
After a true full week of session, both the House and Senate adjourned early this afternoon for the weekend. They are scheduled to return for the final week of the 103rd General Assembly on Monday, May 20.
The State Legislative Team spent this week responding to amendments and defending last minute problematic legislation, while continuing their work to advance Illinois REALTOR® initiatives that will provide legislative avenues to provide financial aid for first-time home buyers with SB 3487 and eliminate unlawful evictions from occurring and preserving a communities housing stability in HB 5432. (more below)
Please watch Illinois REALTORS® 2024 President Matt Silver’s testimony advocating for the creation of a homebuyer savings account, SB 3497, before the Illinois Senate Revenue Committee Wednesday, May 15.
With today being the deadline to move a bill from 2nd reading to 3rd reading for floor consideration next week, both chambers’ days were full of committee hearings and floor action. In these final weeks, bills and policy positions can change instantly and issues that have not been discussed in months can re-emerge with a simple amendment. Due to another complete team effort between Illinois REALTOR® members and staff, our advocacy team had another successful week at the Capitol. Below are the highlights of this week’s legislation.
Bills of Interest
The following “Bills of Interest” saw legislative action in committee this week.
REALTOR® Initiatives
At-A-Glance
Both chambers will return Monday for what will likely be a very chaotic final week of session. We can expect legislation to be moving rapidly and your State Legislative Team will respond accordingly and may need to lean on the strength of and power of the REALTOR® voice and respond to a Call For Action at any moment, as always….Stay tuned!