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IL HB2570

Bill

Status

Introduced

2/4/2025

Primary Sponsor

Jay Hoffman

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Creates the Surrogacy Agreement Escrow Protection Fund as a special income-earning fund in the State treasury to provide restitution to individuals who suffer monetary losses from escrow transactions related to gestational surrogacy contracts

  • Restitution is limited to actual losses only and cannot include attorney's fees or other fees; payments must be ordered by the Director of Public Health and are considered a matter of grace, not a vested right

  • Allows retroactive claims for monetary losses occurring on or after January 1, 2023

  • Requires entities conducting surrogacy-related escrow transactions to pay an annual fee of $1,000 to fund the program

  • Triggers a special assessment on escrow entities when the Fund balance falls below $150,000, with each entity assessed proportionally based on their share of escrow funds handled the previous calendar year

Legislative Description

SURROGACY ESCROW PROT FUND

Last Action

House Floor Amendment No. 2 Rule 19(c) / Re-referred to Rules Committee

4/11/2025

Committee Referrals

Rules4/11/2025
Judiciary - Civil3/26/2025
Rules3/11/2025
Judiciary - Civil3/4/2025
Rules2/4/2025

Full Bill Text

No bill text available