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This bill's information is currently being re-verified for accuracy. Some details may have changed since our last confirmed update. For the most current information, please check your state legislature's official website.
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AI Summary
This bill limits the annual percentage rate for title-secured loans to 21% in Illinois.
Business Impact
If you operate a higher education institution in Illinois, you must prepare a report on AI education by the end of the six-month period or face legislative scrutiny.
What do these statuses mean? ▼
Introduced
— Filed in the legislature; not yet heard in committee
In Committee
— Assigned to and being reviewed by a legislative committee
Passed
— Approved by one or both chambers; awaiting further action
Signed / Enacted
— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed
— Vetoed, failed to pass, or session expired without action
Unknown
— Status data not yet available or awaiting classification
Affected Industries
Topics How we classify →
What This Means
Illinois House Bill HB5399 requires the Board of Higher Education to compile a report detailing the status of AI education and development across public and private institutions.
Key Provisions
- Requires the Board of Higher Education to prepare a report on AI education.
- Report must be submitted to the General Assembly.
- Deadline for the report is within six months of the effective date.
Latest Legislative Action
Session Sine Die
Bill Sponsors
| Name | Role | District |
|---|---|---|
| Emanuel Welch D | Sponsor | HD-007 |
| LaShawn Ford D | Sponsor | HD-008 |
Compliance Checklist
Prepare a report on the state of AI education and development.
Who: Board of Higher Education
Deadline: Within six months of the effective date
Penalty: Potential legislative scrutiny for non-compliance
Who: Board of Higher Education
Deadline: Within six months of the effective date
Penalty: Potential legislative scrutiny for non-compliance
Related & Companion Bills
Full Legal Analysis
House Bill HB5399 amends the Board of Higher Education Act to require the Board to prepare a report on artificial intelligence education and development within six months of the bill's effective date. The report will assess the current state of AI education in both public and private higher education institutions in Illinois. The bill does not specify penalties for non-compliance, but the requirement to report suggests that the Board of Higher Education will be held accountable for providing this information to the General Assembly.
Official Source
Official Bill Text
View HB5399 on official legislature website →
Related Topics
Affected Industries
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