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Bill

SB 747

REGULATION-TECH

104th Regular Session Introduced by Don Harmon

Illinois SB 747 advances regulatory technology modernization through the state senate with unanimous committee support, pending third reading approval.

Rule 3-9(a) / Re-referred to Assignments
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Bill Summary · SB 747

Legislative bill overview

SB 747, titled "REGULATION-TECH," is an Illinois bill sponsored by Don Harmon that addresses regulatory technology implementation. Based on the legislative actions, the bill has passed committee review with unanimous approval and is advancing through the standard three-reading process in the state senate.

Why is this important

RegTech solutions can streamline government compliance and regulatory oversight, potentially improving efficiency and reducing administrative burden on both regulated entities and government agencies. The bill's unanimous committee passage suggests broad support across party lines for modernizing Illinois' regulatory framework.

Potential points of contention

  • Scope ambiguity: The bill's title provides minimal detail about which specific regulations or agencies it affects, making it difficult to assess whether certain industries or constituencies have concerns
  • Implementation costs: RegTech systems require significant infrastructure investment; stakeholders may disagree on funding mechanisms and cost allocation
  • Data privacy and security: Digitizing regulatory processes raises questions about data handling, cybersecurity standards, and public records accessibility that could divide business and privacy advocates

Compiled from official sources — confirm details with the bill’s official record.

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