Sen. Seth Lewis backs SB0343 to update Principal and Income Act short title

Sen. Seth Lewis (R-24th) supported SB0343, a bill to revise the short title in the Principal and Income Act, as part of the 104th General Assembly on May 31, 2026, according to the Illinois Senate. The measure was approved by a 51-6 margin.

The bill's official overview describes it as follows: "CIVIL LAW-TECH."

The following is a plain-language summary based on the actual bill text, incorporating interpretation to aid understanding.

Essentially, the legislation updates the Principal and Income Act by making a technical amendment to the segment regarding its short title, affirming that the Act may be officially cited as the Principal and Income Act. The bill does not introduce further details or additional changes.

The Senate's official action for SB0343 was 'House Committee Amendment No. 1 Senate Concurs'.

Lewis earned a BS from the University of Iowa in 1991.

A Republican, Lewis began serving in the Illinois State Senate in 2023 for District 24 after succeeding Suzy Glowiak.

The path of Illinois legislation includes a series of steps, starting with introduction in either chamber, followed by committee consideration, debates on the floor, votes in both the House and Senate, and then advancing to the governor for a potential signature or veto. The Illinois General Assembly follows a biennial structure; though many bills are filed every session, only a limited number advance to become law.