SPRINGFIELD – State Senator Steve Stadelman (D-Rockford) passed a proposal in the Illinois Senate to seek solutions for skyrocketing credit card debt faced by college students.

While credit cards can be useful for students to purchase school supplies and pay for tuition, students run the risk of running up significant balances that take years to pay down. According to the U.S. Department of Education’s National Center for Education Statistics, in 2016 41 percent of students graduated with credit card debt averaging $3,000.

“Credit cards can be a useful tool for students to pay for necessary items and start building a credit history,” Stadelman said. “Unfortunately, too many students are unaware of the financial pitfalls of using credit cards irresponsibly.”

Stadelman’s proposal, House Bill 4710, creates the College Student Credit Card Marketing and Debt Task Force. The task force will be composed of representatives from credit unions, banks and state universities. The issues it will study include how credit cards are marketed to students, students’ payment history and several other related issues.

Stadelman’s proposal passed the Illinois Senate with a vote of 54-0. It has now passed both chambers of the Illinois General Assembly.

SPRINGFIELD – To help combat recent reports of drug price gouging in Rockford, State Senator Steve Stadelman (D-Rockford) today voiced support of a proposal that will prohibit drug manufacturers and wholesale distributors from drastically increasing the price of generic medications.

Stadelman, who is a co-sponsor of House Bill 4099, was joined by colleagues from the Illinois House and Senate, as well as representatives from the NAACP and AARP.

According to recent news stories, Mallinckrodt Pharmaceuticals Inc. increased the price of a vial of Acthar, a prescription to treat babies suffering from a rare seizure disorder, from $40 to $54,000 per vial. The city of Rockford, which is self-insured, was forced to pay nearly $490,000 when two babies of city employees needed the vital prescription.

“These drug companies are exploiting sick babies and their families,” Stadelman said. “As a result of these irresponsible actions by the drug company, Rockford taxpayers are forced to pay nearly half a million dollars that could have paid for crucial city projects. It’s time to put a stop to these reckless actions.”

Under the proposal, companies that increase prices of generic or off-patent drugs by more than 30 percent in one year, 50 percent in three years or 75 percent in five years, could be forced to pay a fine of $10,000 per violation. The legislation is currently in the Illinois Senate Subcommittee on Business Subcommittees.

SPRINGFIELD – With the increase of cashless tolls in Illinois, State Senator Steve Stadelman (D-Rockford) advanced a proposal that offers protection for rental car drivers. After returning a rental car, many drivers may be surprised to find they were charged additional fees for a tollway collection device, similar to an I-PASS. Stadelman advanced a proposal through the Illinois Senate this week to allow rental car drivers to opt out of these devices.

“Drivers deserve to be aware of the option to use these costly tollway devices up front, instead of finding out about these costly fees later,” Stadelman said.

Under Stadelman’s proposal, rental car companies must provide renters the option of using the tollway collection device. If a company fails to offer a customer the ability to opt-out, the fees are capped at $2 per day that the device is used, in addition to the cost of the tolls.

“Many drivers are unaware they can avoid paying these fees by using their own transponders, paying cash or paying the fees online,” Stadelman said. “Informing them they have the option to opt out will help them make the most financially beneficial decision.”

Stadelman’s proposal, Senate Bill 2522, passed through the Illinois Senate with a vote of 49-0. It will now head to the Illinois House of Representatives.

SPRINGFIELD – State Senator Steve Stadelman (D-Rockford) passed legislation through the Illinois Senate to prevent privately-owned websites from charging a fee to remove mugshots and other outdated information.

These websites, which claim to operate as background checks, frequently charge thousands of dollars to remove the information, even if the record has been expunged, sealed or dismissed. In some cases, the website refused to remove the information even after the individual was acquitted.

“Forcing people to pay thousands of dollars to remove wrong information from a private website is wrong,” Stadelman said. “Many of these people have had their records sealed or expunged, or even had their case dismissed. It’s time to stop these private website owners from taking advantage of them."

In many cases, individuals weren’t even aware their information was listed on the website until they were denied a job opportunity.

Stadelman’s proposal, Senate Bill 2560, passed through the Illinois Senate with a vote of 52-2. It is now in the Illinois House of Representatives.