Rep. DeLaRosa supports SB0343, approving amendment to Principal and Income Act

During the 104th General Assembly on May 31, 2026, Rep. Margaret A. DeLaRosa (D-42nd) voted in favor of SB0343, which amends the Principal and Income Act. The Illinois House passed the bill with a 75-34 vote.

According to the bill's official language, the measure is listed as "CIVIL LAW-TECH."

The summary below offers a breakdown and interpretation of the precise bill provisions.

This legislation updates the Principal and Income Act by revising the section related to its short title, indicating the Act may be specifically cited as the Principal and Income Act. No additional substantive changes appear in the bill itself.

The official record for SB0343 notes: 'Third Reading - Short Debate - Passed.'

DeLaRosa earned her Bachelor of Science from DePaul University.

A Democrat, DeLaRosa began serving the Illinois State House for the 42nd District in 2025, following the tenure of former state representative Terra Costa Howard.

State bills in Illinois follow a multi-phase legislative route starting with an introduction in either legislative chamber, continuing to committee review, proceeding through floor debates, and requiring passage in the House and Senate before being sent to the governor for signature or veto. The state's General Assembly operates on a two-year cycle; while thousands of bills are introduced per session, only a select number complete the course to become law.