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IL SB2794

Bill

Status

Introduced

1/13/2026

Primary Sponsor

Laura Fine

Click for details

Origin

Senate

104th General Assembly

AI Summary

  • Department of Insurance required to establish and administer a State subsidy program to offset costs from the expiration of enhanced federal tax credits that subsidize health insurance premiums
  • $75,000,000 to be set aside from the Budget Reserve for Immediate Disbursements and Governmental Emergencies (BRIDGE) Fund to finance the subsidy program
  • Department of Insurance authorized to adopt emergency rules for expeditious implementation of the program
  • Emergency rulemaking authority expires one year after the Act's effective date
  • Act takes effect immediately upon becoming law

Legislative Description

FINANCE-BRIDGE FUND

Last Action

Rule 2-10 Committee Deadline Established As April 24, 2026

3/13/2026

Committee Referrals

Appropriations - Health and Human Services2/3/2026
Assignments1/13/2026

Full Bill Text

No bill text available