IVCA Provides Updates for State Legislative Issues – 8/20/2025
Illinois Venture Capital Association Illinois Legislative Report
David Stricklin / Stricklin & Associates
Wednesday, August 20, 2025
LEGISLATORS MAKE BID FOR HIGHER OFFICE
Turnover taking place in the Illinois General Assembly as legislators announce for higher office. State Reps who must give up their current seats to run for Comptroller include State Rep. Margaret Croke, an ally of the IVCA, and Rep. Stephanie Kifowit. State Rep. Nabeela Syed is running for a State Senate post, and State Rep. Hoan Huynh is running for Congress, as is State Senator Laura Fine, another IVCA ally running for Congress. These openings are attracting competitive fields of candidates which will bring new voices and faces to Springfield. Other State Senators, who are not up for re-election, are also testing the statewide and Congressional waters.
GOVERNOR SIGNS BILLS OPPOSED BY EDITORIAL BOARDS AND BUSINESS GROUPS
* Capitol News Illinois | Governor gives boon to trial lawyers, vetoes treasurer-backed bill: One of the bills Pritzker signed Friday invited almost immediate pushback from Republicans and business groups. The law, outlined in Senate Bill 328, allows lawsuits to continue against companies that operate in Illinois even if the company and plaintiffs are from other states. The law only applies to cases dealing with “toxic” substances under state law.
AND VETOES A BILL PUSHED BY ANOTHER STATEWIDE OFFICIAL
* Frerichs calls Pritzker veto ‘misguided’
· Gov. Pritzker vetoed an initiative by Treasurer Michael Frerichs today, citing the danger of SB246 being used to “benefit fringe and extremist groups”
GOVERNOR SIGNS CHICAGO PENSION BOOST
Analysis and reaction from the conservative Illinois Policy Institute, and business groups write prescription for Chicago finances: