Rep. Amy L. Grant opposes SB0343 in 75-34 Illinois House vote amending Principal and Income Act

Rep. Amy L. Grant (R-47th) opposed SB0343, a proposal to change the Principal and Income Act short title, during the 104th General Assembly on May 31, 2026, records from the Illinois House show; the measure passed 75-34.

Per the bill's official description, it is categorized as a "CIVIL LAW-TECH."

The following explanation analyzes the bill text and, where needed, interprets terms to clarify its provisions.

This bill essentially modifies the Principal and Income Act by inserting a technical specification clarifying that the full citation of the Act is the Principal and Income Act. The text does not introduce other amendments or new details.

The action for SB0343 is logged as 'Third Reading - Short Debate - Passed.'

Grant holds a BS from the University of Pittsburgh, earned in 1980.

A Republican, Grant began serving Illinois' 47th House District in 2023 after being elected to replace Deanne Mazzochi.

Legislation in Illinois is subject to a multi-stage process that starts in either chamber, moves through committee review, floor debate, and chamber votes before final action by the governor. The General Assembly’s two-year session sees thousands of bills introduced, with only a small portion advancing into law.