Illinois General Assembly - Bill Status for HB2782
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 Bill Status of HB2782  103rd General Assembly

Short Description:  SUSTAINABILITY DISCLOSURES

House Sponsors
Rep. Ann M. Williams - Laura Faver Dias - Will Guzzardi - Kelly M. Cassidy - Eva-Dina Delgado, Margaret Croke, Rita Mayfield, Sonya M. Harper, Barbara Hernandez, Jawaharial Williams, Jaime M. Andrade, Jr. and Katie Stuart

Senate Sponsors
(Sen. Ram Villivalam)

Last Action
DateChamber Action
  7/28/2023HousePublic Act . . . . . . . . . 103-0324

Statutes Amended In Order of Appearance
30 ILCS 238/10
30 ILCS 238/20


Synopsis As Introduced
Amends the Illinois Sustainable Investing Act. Provides that, effective January 1, 2024, every investment manager shall comply with annual disclosure requirements that will require the investment manager to provide a description of the process through which the manager prudently integrates sustainability factors into its investment decision-making, investment analysis, portfolio construction, due diligence, and investment ownership in order to maximize anticipated financial returns, identify and minimize projected risk, and execute its fiduciary duties more effectively. Provides that the investment manager shall provide the annual disclosure to each public agency, pension fund, retirement system, or governmental unit for whom the investment manager is acting as a fiduciary or seeking selection as a fiduciary prior to acting in this capacity and at least annually thereafter. Provides that annual disclosures shall be submitted by January 31st of every year after the effective date of the amendatory Act. Defines "investment manager".

House Floor Amendment No. 1
Removes the requirement that annual disclosures shall be submitted by January 31st of every year. Makes technical changes in the provision concerning annual disclosures.

Actions 
DateChamber Action
  2/16/2023HouseFiled with the Clerk by Rep. Ann M. Williams
  2/16/2023HouseFirst Reading
  2/16/2023HouseReferred to Rules Committee
  2/23/2023HouseAssigned to Financial Institutions and Licensing Committee
  3/7/2023HouseDo Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000
  3/8/2023HousePlaced on Calendar 2nd Reading - Short Debate
  3/16/2023HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Ann M. Williams
  3/16/2023HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  3/16/2023HouseAdded Chief Co-Sponsor Rep. Laura Faver Dias
  3/16/2023HouseAdded Chief Co-Sponsor Rep. Will Guzzardi
  3/16/2023HouseAdded Chief Co-Sponsor Rep. Kelly M. Cassidy
  3/16/2023HouseAdded Chief Co-Sponsor Rep. Eva-Dina Delgado
  3/20/2023HouseHouse Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
  3/21/2023HouseHouse Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 009-003-000
  3/22/2023HouseAdded Co-Sponsor Rep. Margaret Croke
  3/22/2023HouseAdded Co-Sponsor Rep. Rita Mayfield
  3/22/2023HouseAdded Co-Sponsor Rep. Sonya M. Harper
  3/22/2023HouseAdded Co-Sponsor Rep. Barbara Hernandez
  3/22/2023HouseSecond Reading - Short Debate
  3/22/2023HouseHouse Floor Amendment No. 1 Adopted
  3/22/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/23/2023HouseAdded Co-Sponsor Rep. Jawaharial Williams
  3/23/2023HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
  3/23/2023HouseAdded Co-Sponsor Rep. Katie Stuart
  3/23/2023HouseThird Reading - Short Debate - Passed 079-026-001
  3/27/2023SenateArrive in Senate
  3/27/2023SenatePlaced on Calendar Order of First Reading
  3/27/2023SenateChief Senate Sponsor Sen. Ram Villivalam
  3/27/2023SenateFirst Reading
  3/27/2023SenateReferred to Assignments
  4/12/2023SenateAssigned to Financial Institutions
  4/26/2023SenateDo Pass Financial Institutions; 005-003-000
  4/26/2023SenatePlaced on Calendar Order of 2nd Reading April 27, 2023
  4/27/2023SenateSecond Reading
  4/27/2023SenatePlaced on Calendar Order of 3rd Reading May 2, 2023
  5/11/2023SenateRule 2-10 Third Reading Deadline Established As May 25, 2023
  5/12/2023SenateRule 2-10 Third Reading Deadline Established As May 19, 2023
  5/19/2023SenateRule 2-10 Third Reading Deadline Established As May 25, 2023
  5/25/2023SenateThird Reading - Passed; 035-019-000
  5/25/2023HousePassed Both Houses
  6/22/2023HouseSent to the Governor
  7/28/2023HouseGovernor Approved
  7/28/2023HouseEffective Date January 1, 2024
  7/28/2023HousePublic Act . . . . . . . . . 103-0324

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