Illinois SB 1975: SECURITIES-ADDITIONAL FEES

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB1975

Introduced 2/6/2025, by Sen. Lakesia Collins 

SYNOPSIS AS INTRODUCED:

815 ILCS 5/5 from Ch. 121 1/2, par. 137.5

815 ILCS 5/6 from Ch. 121 1/2, par. 137.6

815 ILCS 5/7 from Ch. 121 1/2, par. 137.7

815 ILCS 5/11 from Ch. 121 1/2, par. 137.11

815 ILCS 5/11c from Ch. 121 1/2, par. 137.11c

815 ILCS 5/18.1

 Amends the Illinois Securities Law of 1953. Provides that the Secretary of State may provide funds for restitution assistance to victims that were awarded restitution in a final order issued by a court of competent jurisdiction in a legal action initiated by the Secretary of State and who have not received the full amount of restitution ordered one year after the date of the final order. Provides that the Secretary of State may adopt rules to implement this provision, including, but not be limited to, eligibility requirements for a restitution assistance award, applicable deadlines for applying for the award, and caps on the amount of restitution awards available from the Secretary of State. Provides that various additional fees collected by the Secretary of States shall be deposited into the Secretary of State Special Services Fund.

LRB104 10391 SPS 20466 b

A BILL FOR

SB1975LRB104 10391 SPS 20466 b

1 AN ACT concerning business.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Securities Law of 1953 is amended 

5by changing Sections 5, 6, 7, 11, 11c, and 18.1 as follows:

6 (815 ILCS 5/5) (from Ch. 121 1/2, par. 137.5)

7 Sec. 5. Registration of Securities. All securities except 

8those set forth under Section 2a of this Act, or those ex