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Thursday, July 31, 2025

Illinois Rep. Kelly’s public funds investment transparency bill passes House and Senate

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Michael J. Kelly, State Representative for 15th District (D) | https://www.ilga.gov/house/Rep.asp?GA=103&MemberID=3201

Michael J. Kelly, State Representative for 15th District (D) | https://www.ilga.gov/house/Rep.asp?GA=103&MemberID=3201

Passed bill authored by State Rep. Michael J. Kelly aims to increase transparency and oversight of public funds investment by requiring detailed monthly reporting and restricting disbursements to authorized entities. Kelly’s legislation won approval in both chambers, according to the Illinois General Assembly.

In the House, 75 Democrats and 36 Republicans voted in favor of the bill.

Meanwhile, in the Senate, 39 Democrats and 19 Republicans voted in favor of the bill.

Kelly introduced the bill in the Illinois House on Jan. 17, 2025 during the 104th session.

The legislation, known as HB1447, was passed on May 22, 2025 during the general assembly session 104.

According to the Illinois General Assembly site, the legislature summarized the bill's official text as follows: "Amends the State Treasurer Act. Makes formatting changes. Amends the Accountability for the Investment of Public Funds Act. Provides that each State agency shall make available on the Internet, and update at least monthly, no later than the end of each month (rather than by the 15th of the month), sufficient information concerning the investment of any public funds held by that State agency to identify specified information. Effective immediately."

The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.

In essence, this bill amends the State Treasurer Act and the Accountability for the Investment of Public Funds Act. Under the changes, the Treasurer is allowed to disburse money from the treasury only with the State Comptroller's warrant, except when payments are made to certain entities and individuals, including community-based mental health service providers, pension beneficiaries, public assistance recipients, public agencies, or through direct deposit and electronic fund transfers upon the Treasurer's approval. Additionally, the bill requires state agencies to provide, update monthly, and publicly post online detailed information on the investment of public funds, including the amount held, monthly income and yield, asset allocation, and a list of approved financial entities. This act takes effect upon becoming law.

The bill was sponsored by Rep. Michael Crawford (Democrat-31st District) and Sen. Mike Porfirio (Democrat-11th District).

Bills in Illinois follow a multi-step legislative process, beginning with introduction in either the House or Senate, followed by committee review, floor debates, and votes in both chambers before reaching the governor for approval or veto. The General Assembly operates on a biennial schedule, and while typically thousands of bills are introduced each session, only a fraction successfully pass through the process to become law.

You can read more about bills and other measures here.

Kelly graduated from Quincy University with a BA.

Kelly, a Democrat, was elected to the Illinois State House in 2021 to represent the state's 15th House District, replacing previous state representative John C. D'Amico.

Senate Vote – Third Reading on HB1447 (May 22, 2025)

LegislatorPartyDistrictVote
Adriane JohnsonDemocrat30th DistrictYea
Andrew S. ChesneyRepublican45th DistrictYea
Bill CunninghamDemocrat18th DistrictYea
Celina VillanuevaDemocrat12th DistrictYea
Chapin RoseRepublican51st DistrictYea
Chris BalkemaRepublican53rd DistrictYea
Christopher BeltDemocrat57th DistrictYea
Craig WilcoxRepublican32nd DistrictYea
Cristina CastroDemocrat22nd DistrictYea
Dale FowlerRepublican59th DistrictYea
Darby A. HillsRepublican26th DistrictYea
Dave SyversonRepublican35th DistrictYea
David KoehlerDemocrat46th DistrictYea
Donald P. DeWitteRepublican33rd DistrictYea
Doris TurnerDemocrat48th DistrictYea
Elgie R. Sims, Jr.Democrat17th DistrictYea
Emil Jones, IIIDemocrat14th DistrictYea
Erica HarrissRepublican56th DistrictYea
Graciela GuzmánDemocrat20th DistrictYea
Jason PlummerRepublican55th DistrictYea
Javier L. CervantesDemocrat1st DistrictYea
Jil TracyRepublican50th DistrictYea
John F. CurranRepublican41st DistrictYea
Julie A. MorrisonDemocrat29th DistrictYea
Karina VillaDemocrat25th DistrictYea
Kimberly A. LightfordDemocrat4th DistrictYea
Lakesia CollinsDemocrat5th DistrictYea
Laura EllmanDemocrat21st DistrictYea
Laura FineDemocrat9th DistrictYea
Laura M. MurphyDemocrat28th DistrictYea
Li Arellano, Jr.Republican37th DistrictYea
Linda HolmesDemocrat42nd DistrictYea
Mark L. WalkerDemocrat27th DistrictYea
Mary Edly-AllenDemocrat31st DistrictYea
Mattie HunterDemocrat3rd DistrictYea
Meg Loughran CappelDemocrat49th DistrictNot vote
Michael E. HastingsDemocrat19th DistrictYea
Michael W. HalpinDemocrat36th DistrictYea
Mike PorfirioDemocrat11th DistrictYea
Mike SimmonsDemocrat7th DistrictYea
Mr. PresidentDemocrat39th DistrictYea
Napoleon Harris, IIIDemocrat15th DistrictYea
Neil AndersonRepublican47th DistrictYea
Omar AquinoDemocrat2nd DistrictYea
Patrick J. JoyceDemocrat40th DistrictYea
Paul FaraciDemocrat52nd DistrictYea
Rachel VenturaDemocrat43rd DistrictYea
Ram VillivalamDemocrat8th DistrictYea
Robert F. MartwickDemocrat10th DistrictYea
Robert PetersDemocrat13th DistrictYea
Sally J. TurnerRepublican44th DistrictYea
Sara FeigenholtzDemocrat6th DistrictYea
Seth LewisRepublican24th DistrictYea
Steve McClureRepublican54th DistrictYea
Steve StadelmanDemocrat34th DistrictYea
Sue RezinRepublican38th DistrictYea
Suzy Glowiak HiltonDemocrat23rd DistrictYea
Terri BryantRepublican58th DistrictYea
Willie PrestonDemocrat16th DistrictYea

House Vote – Third Reading on HB1447 (Apr 08, 2025)

LegislatorPartyDistrictVote
Aarón M. OrtízDemocrat1st DistrictYea
Abdelnasser RashidDemocrat21st DistrictYea
Adam M. NiemergRepublican102nd DistrictYea
Amy BrielDemocrat76th DistrictYea
Amy ElikRepublican111th DistrictYea
Amy L. GrantRepublican47th DistrictYea
Angelica Guerrero-CuellarDemocrat22nd DistrictYea
Ann M. WilliamsDemocrat11th DistrictYea
Anna MoellerDemocrat43rd DistrictYea
Anne StavaDemocrat81st DistrictYea
Anthony DeLucaDemocrat80th DistrictYea
Barbara HernandezDemocrat50th DistrictYea
Blaine WilhourRepublican110th DistrictYea
Bob MorganDemocrat58th DistrictYea
Brad HalbrookRepublican107th DistrictYea
Brad StephensRepublican20th DistrictAbsent, excused
Bradley FrittsRepublican74th DistrictYea
Brandun SchweizerRepublican104th DistrictYea
Camille Y. LillyDemocrat78th DistrictYea
Carol AmmonsDemocrat103rd DistrictAbsent, excused
Charles MeierRepublican109th DistrictYea
Chris MillerRepublican101st DistrictYea
Christopher "C.D." DavidsmeyerRepublican100th DistrictPresent
Curtis J. Tarver, IIDemocrat25th DistrictYea
Dagmara AvelarDemocrat85th DistrictYea
Dan SwansonRepublican71st DistrictYea
Dan UgasteRepublican65th DistrictYea
Daniel DidechDemocrat59th DistrictYea
Dave SeverinRepublican116th DistrictYea
Dave VellaDemocrat68th DistrictYea
David FriessRepublican115th DistrictYea
Debbie Meyers-MartinDemocrat38th DistrictYea
Dennis TipswordRepublican105th DistrictYea
Diane Blair-SherlockDemocrat46th DistrictYea
Edgar González, Jr.Democrat23rd DistrictYea
Elizabeth "Lisa" HernandezDemocrat2nd DistrictYea
Eva-Dina DelgadoDemocrat3rd DistrictYea
Fred CrespoDemocrat44th DistrictYea
Gregg JohnsonDemocrat72nd DistrictYea
Harry BentonDemocrat97th DistrictYea
Hoan HuynhDemocrat13th DistrictYea
Jackie HaasRepublican79th DistrictYea
Jaime M. Andrade, Jr.Democrat40th DistrictYea
Janet Yang RohrDemocrat41st DistrictYea
Jason R. BuntingRepublican106th DistrictYea
Jawaharial WilliamsDemocrat10th DistrictYea
Jay HoffmanDemocrat113th DistrictYea
Jed DavisRepublican75th DistrictYea
Jeff KeicherRepublican70th DistrictPresent
Jehan Gordon-BoothDemocrat92nd DistrictYea
Jennifer Gong-GershowitzDemocrat17th DistrictYea
Jennifer SanalitroRepublican48th DistrictYea
Joe C. SosnowskiRepublican69th DistrictYea
John M. CabelloRepublican90th DistrictYea
Joyce MasonDemocrat61st DistrictYea
Justin SlaughterDemocrat27th DistrictYea
Kam BucknerDemocrat26th DistrictYea
Katie StuartDemocrat112th DistrictYea
Kelly M. CassidyDemocrat14th DistrictYea
Kevin John OlickalDemocrat16th DistrictYea
Kevin SchmidtRepublican114th DistrictYea
Kimberly Du BucletDemocrat5th DistrictYea
Kyle MooreRepublican99th DistrictYea
La Shawn K. FordDemocrat8th DistrictYea
Laura Faver DiasDemocrat62nd DistrictYea
Lawrence "Larry" Walsh, Jr.Democrat86th DistrictYea
Lilian JiménezDemocrat4th DistrictYea
Lindsey LaPointeDemocrat19th DistrictYea
Lisa DavisDemocrat32nd DistrictYea
Marcus C. Evans, Jr.Democrat33rd DistrictYea
Margaret CrokeDemocrat12th DistrictYea
Martha DeuterDemocrat45th DistrictYea
Martin J. MoylanDemocrat55th DistrictYea
Martin McLaughlinRepublican52nd DistrictYea
Mary Beth CantyDemocrat54th DistrictYea
Mary GillDemocrat35th DistrictYea
Matt HansonDemocrat83rd DistrictYea
Maura HirschauerDemocrat49th DistrictYea
Maurice A. West, IIDemocrat67th DistrictYea
Michael CrawfordDemocrat31st DistrictYea
Michael J. Coffey, Jr.Republican95th DistrictYea
Michael J. KellyDemocrat15th DistrictYea
Michelle MussmanDemocrat56th DistrictYea
Mr. SpeakerDemocrat7th DistrictYea
Nabeela SyedDemocrat51st DistrictYea
Natalie A. ManleyDemocrat98th DistrictYea
Nicholas K. SmithDemocrat34th DistrictYea
Nicole La HaRepublican82nd DistrictYea
Nicolle GrasseDemocrat53rd DistrictYea
Norine K. HammondRepublican94th DistrictYea
Norma HernandezDemocrat77th DistrictYea
Patrick SheehanRepublican37th DistrictYea
Patrick WindhorstRepublican117th DistrictYea
Paul JacobsRepublican118th DistrictYea
Regan DeeringRepublican88th DistrictAbsent, excused
Rick RyanDemocrat36th DistrictYea
Rita MayfieldDemocrat60th DistrictYea
Robert "Bob" RitaDemocrat28th DistrictYea
Robyn GabelDemocrat18th DistrictYea
Ryan SpainRepublican73rd DistrictYea
Sharon ChungDemocrat91st DistrictYea
Sonya M. HarperDemocrat6th DistrictYea
Stephanie A. KifowitDemocrat84th DistrictAbsent, excused
Steven ReickRepublican63rd DistrictYea
Sue SchererDemocrat96th DistrictAbsent, excused
Suzanne M. NessDemocrat66th DistrictYea
Terra Costa HowardDemocrat42nd DistrictYea
Thaddeus JonesDemocrat29th DistrictYea
Theresa MahDemocrat24th DistrictYea
Tom WeberRepublican64th DistrictYea
Tony M. McCombieRepublican89th DistrictYea
Tracy Katz MuhlDemocrat57th DistrictYea
Travis WeaverRepublican93rd DistrictYea
Wayne A. RosenthalRepublican108th DistrictYea
Will GuzzardiDemocrat39th DistrictYea
William "Will" DavisDemocrat30th DistrictYea
William E HauterRepublican87th DistrictYea
Yolonda MorrisDemocrat9th DistrictYea

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