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Saturday, August 2, 2025

Illinois Sen. Martwick’s state finance and unclaimed property bill passes House and Senate

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Robert Martwick, Illinois State Senator for 10th District | senatormartwick.com

Robert Martwick, Illinois State Senator for 10th District | senatormartwick.com

Newly passed bill authored by State Sen. Robert F. Martwick aims to improve the management of funds and property related to deceased state employees and unclaimed assets, while establishing a licensing framework for finders and enhancing state cooperation, according to the Illinois General Assembly.

In the House, 73 Democrats voted in favor of the bill, while 40 Republicans opposed it.

Meanwhile, in the Senate, 36 Democrats and 19 Republicans voted in favor of the bill.

Martwick introduced the bill in the Illinois Senate on Feb. 5, 2025 during the 104th session.

The legislation, known as SB1667, was passed on May 20, 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 Illinois Trust Code. Requires a trustee to maintain, for a minimum of 7 years after the termination of the trust, a copy of the governing trust instrument under which the trustee was authorized to act at the time the trust terminated. Amends the Revised Uniform Unclaimed Property Act. Provides that property held in an account or plan, including a health savings account, that qualifies for tax deferral under the United States income tax law, is presumed abandoned 20 years after the account was opened. Requires State agencies to report final compensation due a State employee to the Treasurer's Office as unclaimed property if the employee dies while employed. Requires a holder who holds property presumed abandoned to hold the property in trust for the benefit of the State Treasurer on behalf of the owner from and after the date the property is presumed abandoned. Requires that the State Treasurer provide written notice to a State agency and the Governor's Office of Management and Budget of property presumed to be abandoned and allegedly owned by the State agency before it can be escheated to the State's General Revenue Fund if the property remains unclaimed after one year. Creates authority for the Secretary of the Department of Financial and Professional Regulation to order a regulated person under the Act to immediately report and remit property subject to the Act if the Secretary determines that the action is necessary to protect the interest of an owner. Establishes a procedure regulating agreements between an owner or apparent owner and a finder to locate or recover property held by the State Treasurer. Requires a finder to be licensed by the State Treasurer and creates qualifications to be so licensed. Makes definitions. Makes other changes. The Treasurer is authorized to adopt rules as necessary to implement the Act. Effective immediately."

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

In essence, the bill amends various aspects of the Illinois State Finance Act and other related statutes to address the handling of funds and property of deceased state employees, abandoned property, and professional regulations for finders. Estates of deceased state employees are entitled to receive accrued benefits with unpaid amounts reported to the state if not settled within a year. The bill mandates trust account establishment for presumed abandoned properties held for the state administrator. It emphasizes cooperation among state bodies to locate property owners and enables the escheatment of unclaimed state agency funds after specific conditions are met. It also establishes a licensing framework for finders—individuals or entities helping reclaim unclaimed property—effective Jan. 1, 2026, including qualifications, fees, and penalties for non-compliance. Additionally, it grants the Secretary of Financial and Professional Regulation authority to demand the immediate reporting of certain properties to protect owners' interests.

The bill was sponsored by Rep. Diane Blair-Sherlock (Democrat-46th District) and Sen. Michael W. Halpin (Democrat-36th 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.

Martwick graduated from Boston College in 1988 with a BA and again in 1996 from John Marshall Law School with a JD.

Martwick, a Democrat, was elected to the Illinois State Senate in 2019 to represent the state's 10th Senate District, replacing previous state senator John G. Mulroe.

Lawmakers listed as "Not Voting" were present for the vote but did not cast a vote. Those marked as having an "Excused Absence" were not present and formally provided a reason for their absence, which was accepted.

House Vote – Third Reading on SB1667 (May 20, 2025)

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

Senate Vote – Third Reading on SB1667 (Apr 10, 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 DistrictNot vote
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 DistrictNot vote
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 DistrictNot vote
Meg Loughran CappelDemocrat49th DistrictYea
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 DistrictNot vote
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

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