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IL HB5263
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Elizabeth Hernandez
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AI Summary
- Creates the Economic Stabilization and Resilience Commission to research and recommend strategies for providing rapid financial assistance to businesses affected by immigration enforcement disruptions
- Commission membership includes 9 Governor-appointed members: 3 state representatives with economic/workforce expertise, municipal and county government representatives, 2 business advocacy organization representatives, an immigration policy expert, and a small business lending representative
- Members serve 3-year terms with a maximum of 2 consecutive terms; initial appointments must be made within 30 days of the Act taking effect
- Commission must meet at least quarterly through December 31, 2027, and submit a report to the Governor and General Assembly by that date
- Report must include recommendations for response protocols during federal policy disruptions, information-sharing mechanisms, capital deployment coordination, and strategies to quickly deliver stabilization resources to affected commercial corridors
Legislative Description
ECONOMIC STABILITY COMMISSION
Last Action
Referred to Rules Committee
2/10/2026
Committee Referrals
Rules2/10/2026
Full Bill Text
No bill text available