
SPRINGFIELD – State Senator Rachel Ventura is advancing legislation to curb the growing influence of private equity and large institutional investors in Illinois’ housing market, following a subject matter hearing in the Senate Executive Committee Thursday.
“As working families struggle to find affordable homes and rising demand continues to drive up prices, we have a responsibility to preserve our existing housing supply for people, not large corporate investors,” said Ventura (D-Joliet). “Unchecked investor activity is pricing Illinoisans out of their own neighborhoods, and we need clear guardrails to restore balance.”
SPRINGFIELD – A bill sponsored by State Senator Rachel Ventura that would allow current tenants of a rental property the right to make an offer on the residence before an outside party was heard on subject matter in the Senate Executive Committee Thursday.
“With rent prices rising and the high cost of living continuing to place a heavy burden on working Illinoisans, we need to make sure existing housing stock is prioritized for individuals and families, not private equity,” said Ventura (D-Joliet). “Nearly 35% of Illinois residents rent their homes, and in a time of increasing fiscal uncertainty, we must take steps to protect renters from business practices that could see them facing sudden eviction.”
SPRINGFIELD - A measure led by State Senator Rachel Ventura providing grants to local governments for planting native trees and grasses in communities passed the Senate Wednesday.
“Planting native greenery in local communities is a small step that can have a massive impact in combatting the catastrophic effects of climate change,” said Ventura (D-Joliet). “Responsible stewardship of the environment starts right in our own backyards.”
SPRINGFIELD —A comprehensive package of legislation sponsored by State Senator Rachel Ventura aimed at protecting Illinois residents from the worst dangers of unchecked AI technology is set to be heard in the Senate AI and Social Media Subcommittee Thursday and Friday.
“As artificial intelligence technology expands and accelerates at an alarming rate, now is the time to set guardrails against potential abuses and damages before it’s too late,” said Ventura (D-Joliet). “These bills put people first by setting clear rules, increasing transparency and protecting consumers, workers and communities.”
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