Deuter supports HB4728 mandating quarterly reports for disability facility ownership by asset managers

Rep. Martha Deuter (D-45th) supported HB4728, legislation demanding quarterly disclosures when asset management companies own facilities serving people with developmental disabilities, in the 104th General Assembly on May 31, 2026, according to the Illinois House. The bill was passed unanimously in the House 117-0.

The official summary of the bill states: "DD FACILITY-ASSET MGMT COMPANY."

The following summary offers a breakdown and clarification of the bill’s primary provisions.

Essentially, the legislation requires state agencies that license certain providers and facilities serving individuals with developmental disabilities to finalize regulations for extensive, quarterly reporting by Dec. 31, 2026, when these entities are owned or influenced by asset management companies. The bill also compels advance notification and the provision of agreements for significant transfers of assets or control, and prohibits deals that overly burden facilities with debt, finance dividends with borrowed funds, or make fee payments that could create financial instability. Infractions are considered violations under the Consumer Fraud and Deceptive Business Practices Act, prompt notification to the attorney general and labor groups, must be made public, and are posted on agency websites. The bill is effective upon enactment.

The legislative record for HB4728 notes: 'Senate Committee Amendment No. 1 House Concurs.'

Deuter earned a BSW from Ohio University in 1995.

Elected in 2025, Deuter, a Democrat, joined the Illinois State House representing the 45th House District, succeeding former representative Jenn Ladisch Douglass.

Legislation in Illinois progresses through a multi-step legislative route beginning with introduction in either chamber, followed by committee consideration, floor deliberations, and voting in the House and Senate before proceeding to the governor for action. The General Assembly operates on a two-year term, sees the introduction of thousands of measures per session, and only some advance to become law.