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<xml>
<title>Illinois General Assembly - Bill Status for HB 4708   </title>
<shortdesc>BENEFIT CORPORATION ACT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Sara Feigenholtz-Karen May-Carol A. Sente, André M. Thapedi, Greg Harris, Robyn Gabel, Kelly M. Cassidy and Kimberly du Buclet</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><SynopsisText>     Creates the Benefit Corporation Act. Provides that a corporation may elect to become a benefit corporation by amending its articles of incorporation. Provides that in addition to its purposes under the Business Corporation Act of 1983 and any specific purpose set forth in its articles of incorporation, a benefit corporation shall have a purpose of creating general public benefit. Requires the preparation of an annual report for specified distribution and filing with the Secretary of State. Defines key terms and contains provisions concerning accountability and transparency.</SynopsisText></synopsis>
<actions>
<statusdate>2/2/2012</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Sara Feigenholtz</action>
<statusdate>2/3/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Karen May</action>
<statusdate>2/3/2012</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Carol A. Sente</action>
<statusdate>2/3/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/3/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/15/2012</statusdate><chamber>House</chamber><action>Assigned to Judiciary I - Civil Law Committee</action>
<statusdate>2/21/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Sara Feigenholtz</action>
<statusdate>2/21/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>2/29/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Judiciary I - Civil Law Committee</action>
<statusdate>2/29/2012</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Judiciary I - Civil Law Committee;  008-003-000</action>
<statusdate>2/29/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. André M. Thapedi</action>
<statusdate>3/1/2012</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>3/1/2012</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Tabled Pursuant to Rule 40</action>
<statusdate>3/1/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Greg Harris</action>
<statusdate>3/2/2012</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Filed with Clerk by Rep. Sara Feigenholtz</action>
<statusdate>3/2/2012</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Referred to Rules Committee</action>
<statusdate>3/5/2012</statusdate><chamber>House</chamber><action>House Floor Amendment No. 2 Recommends Be Adopted Rules Committee;  004-000-000</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Robyn Gabel</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kelly M. Cassidy</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Kimberly du Buclet</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>3/22/2012</statusdate><chamber>House</chamber><action>Held on Calendar Order of Second Reading - Short Debate</action>
<statusdate>3/30/2012</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

