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HB 468ILLINOISSession 104thState Billin committee

Illinois House Bill 468 makes a technical amendment to the Know Before You Owe Private Education Loan Act

Original title: EDUCATION-TECH

Last action · May 31, 2025: Rule 19(a) / Re-referred to Rules CommitteeSponsor: Chris Welch

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Would Do

Illinois House Bill 468 makes a to the short title section of the Know Before You Owe Private Education Loan Act.

Why it matters

Changes only the statutory short title reference; no funding, eligibility, or consumer protection requirements are modified.

Background

The Know Before You Owe Private Education Loan Act establishes disclosure and transparency requirements for private student loans in Illinois. context

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

People of the State of Illinois

Statutory text governing private education loans is technically amended.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Does House Bill 468 change private education loan terms or interest rates?

No, the bill only makes a concerning the short title of the Know Before You Owe Private Education Loan Act.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

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Votes, people, money & the original source

Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

10 actions

May 31, 2025HouseCommittee
Rule 19(a) / Re-referred to Rules Committee
Apr 11, 2025HouseFloor
Third Reading Deadline Extended-Rule May 31, 2025
Mar 25, 2025HouseFloor
Held on Calendar Order of Second Reading - Short Debate **
Mar 25, 2025HouseFloor
Second Reading - Short Debate
Mar 12, 2025House
Placed on Calendar 2nd Reading - Short Debate **
Mar 12, 2025HouseCommittee
Do Pass / Short Debate Executive Committee; 012-000-000

Show 4 earlier actions

Mar 4, 2025HouseCommittee
Assigned to Executive Committee
Jan 9, 2025HouseCommittee
Referred to Rules Committee
Jan 9, 2025HouseIntroduced
First Reading
Dec 17, 2024HouseIntroduced
Prefiled with Clerk by Rep. Emanuel "Chris" Welch

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Connected Entities

General Assembly, Chris Welch

OrganizationGeneral Assembly“The legislative body of the State of Illinois.”Map →

PersonChris Welch“Primary sponsor of House Bill 468 in the Illinois House of Representatives.”Map →

Sources

Open source document

ftp.ilga.gov

Analysis Score

0–100

Significance10
How much this matters to a regular citizen
Controversy0
Intensity of disagreement among stakeholders
Entertainment1
Compellingness for a non-policy-wonk reader
Buzz5
Current news / social attention level

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