Illinois SB 3916: HOSPITAL FINANCIAL RESOLUTION

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB3916

Introduced 2/6/2026, by Sen. Laura Fine 

SYNOPSIS AS INTRODUCED:

5 ILCS 100/5-45.71 new

210 ILCS 85/6.14a

210 ILCS 85/6.14i new

305 ILCS 5/5A-3.1 new

 Amends the Hospital Licensing Act. Requires each hospital licensed under the Act to submit to the Department of Public Health a financial resolution plan with the specified information for the rapid and orderly resolution of finances and operations in the event of material financial distress. Establishes further reporting requirements and penalties. Includes financial resolution plans in the list of information subject to disclosure to the public from the Department. Amends the Illinois Public Aid Code. Sets forth provisions concerning financial reporting requirements for nonexempt hospitals. Provides that, if a hospital has not filed the required information within 45 days after the close of the quarterly reporting period, the Department of Healthcare and Family Services shall suspend specified authorized payments until the Department receives the required information. Provides that the Department may adopt rules, including emergency rules, necessary to implement financial reporting requirements for nonexempt hospitals. Amends the Illinois Administrative Procedure Act to authorize emergency rulemaking.

LRB104 20228 BAB 33679 b

A BILL FOR

SB3916LRB104 20228 BAB 33679 b

1 AN ACT concerning regulation.

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

3represented in the General Assembly:

4 Section 5. The Illinois Administrative Procedure Act is 

5amended by adding Section 5-45.71 as follows:

6 (5 ILCS 100/5