Sen. Linda Holmes supports SB0343 to update Principal and Income Act short title

Sen. Linda Holmes (D-42nd) cast her vote in favor of SB0343, legislation intended to modify the short title of the Principal and Income Act, during the 104th General Assembly on May 31, 2026. The Illinois Senate approved the bill with a 51-6 margin.

According to the official summary, the bill is designated as: "CIVIL LAW-TECH."

The summary below is based on the actual text of the bill and may clarify its intent and provisions.

Essentially, the measure updates the Principal and Income Act by making a technical modification related to its short title, stating that the Act shall be known specifically as the Principal and Income Act. The bill does not include any additional amendments or substantive changes.

The legislative record for SB0343 notes: 'House Committee Amendment No. 1 Senate Concurs'.

Holmes earned her bachelor's degree from National College of Education in 1984.

Holmes, a member of the Democratic Party, was first elected to the Illinois State Senate in 2007, succeeding Phyllis Petka as the representative for the 42nd Senate District.

The legislative process in Illinois involves several steps, beginning with bill introduction in either chamber, followed by committee hearings, floor consideration, and votes in both the House and Senate before the proposal advances to the governor for either approval or veto. The General Assembly operates on a biennial schedule, and while thousands of proposals may be introduced each session, only a subset is ultimately enacted into law.