Rep. Diane Blair-Sherlock supports SB0343 to revise Principal and Income Act reference

Rep. Diane Blair-Sherlock (D-46th) approved SB0343, legislation to update a reference in the Principal and Income Act, during the 104th General Assembly session held May 31, 2026; records from the Illinois House show the measure passed the chamber by a 75-34 vote.

The bill summary describes the measure as: "CIVIL LAW-TECH."

Here is our analysis, based on the full bill text, with explanations included for clarity.

This legislation provides a technical update to the Principal and Income Act, clarifying the statutory short title to permit formal citation as the Principal and Income Act. The bill makes no other updates or policy changes.

The official action on SB0343 was recorded as 'Third Reading - Short Debate - Passed.'

Blair-Sherlock holds an AA from College of DuPage earned in 1985, a BS from Northern Illinois University awarded in 1987, and a JD from John Marshall Law School obtained in 1993.

A member of the Democratic Party, Blair-Sherlock was elected to the Illinois State House in 2023 and represents the 46th District, succeeding Deborah Conroy.

Illinois bills advance through a multi-step legislative process starting with introduction in either the House or Senate, committee review, floor debate, legislative votes, and submission to the governor for approval or veto. The General Assembly meets every two years. While thousands of bills may be filed each session, only a small percentage become law through this process.