Illinois General Assembly

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 Bill Status of SB1761  99th General Assembly


Short Description:  STATE-PROHIBITED TRANSACTIONS

Senate Sponsors
Sen. Ira I. Silverstein - Michael Connelly - Darin M. LaHood - Pamela J. Althoff - Julie A. Morrison, Chris Nybo, Matt Murphy, Thomas Cullerton, Tim Bivins and Kyle McCarter

House Sponsors
(Rep. Sara Feigenholtz - David McSweeney - Lou Lang - Carol Sente - Scott Drury, John D. Anthony, Anthony DeLuca, David Harris, Jack D. Franks, Cynthia Soto, Linda Chapa LaVia, Brandon W. Phelps, Ann M. Williams, Camille Y. Lilly and Jehan Gordon-Booth)

Last Action
DateChamber Action
  7/23/2015SenatePublic Act . . . . . . . . . 99-0128

Statutes Amended In Order of Appearance
30 ILCS 500/50-36.5 new
40 ILCS 5/1-110.16 new


Synopsis As Introduced
Amends the Illinois Procurement Code. Prohibits a State agency from entering into a contract subject to the Code with a business that boycotts Israel. Amends the General Provisions Article of the Illinois Pension Code. Requires each of the 5 State-funded retirement systems (or the Illinois State Board of Investment where applicable) to make its best efforts to identify all companies that boycott Israel in which it has direct or indirect holdings and, under certain circumstances, to divest itself of holdings in those companies.

Senate Committee Amendment No. 1
In a provision that requires each retirement system to file a report that includes a list of companies that boycott Israel, requires the report to be filed with the Public Pension Division of the Department of Insurance (instead of the Public Pension Division of the Department of Financial and Professional Regulation).

Senate Floor Amendment No. 3
Deletes reference to:
30 ILCS 500/50-36.5 new

Replaces everything after the enacting clause. Amends the General Provisions Article of the Illinois Pension Code. Establishes the Illinois Investment Policy Board. Requires the Illinois Investment Policy Board, by April 1, 2016, to make its best efforts to identify all Iran-restricted companies, Sudan-restricted companies, and companies that boycott Israel and to assemble those identified companies into a list of restricted companies. Defines "Iran-restricted company", "Sudan-restricted company", "boycott Israel", and "restricted companies". Requires the Illinois Investment Policy Board to review the list of restricted companies on a quarterly basis. Requires State-funded retirement systems and the Illinois Board of Investment to identify restricted companies in which it owns either direct holdings or indirect holdings and, under certain circumstances, to divest from those restricted companies. Prohibits State-funded retirement systems and the Illinois Board of Investment from acquiring securities of restricted companies. Provides that the cost associated with the activities of the Illinois Investment Policy Board shall be borne by the boards of each pension fund or investment board created under the State Universities, Downstate Teachers, or Investment Board Article. Provides that actions taken in compliance with the amendatory Act are exempt from any conflicting statutory or common law obligations, including fiduciary duties. Provides that beginning January 1, 2016, certain Sections of the Code that prohibit investment in certain companies that do business with the Government of Iran and the Republic of the Sudan shall be administered in accordance with the amendatory Act. Contains a statement of legislative intent. Contains a severability clause. Makes other changes. Effective immediately.

Actions 
DateChamber Action
  2/20/2015SenateFiled with Secretary by Sen. Ira I. Silverstein
  2/20/2015SenateFirst Reading
  2/20/2015SenateReferred to Assignments
  3/11/2015SenateAssigned to Judiciary
  3/17/2015SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein
  3/17/2015SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/17/2015SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
  3/17/2015SenateAdded as Co-Sponsor Sen. Chris Nybo
  3/17/2015SenateSenate Committee Amendment No. 1 Adopted
  3/18/2015SenateDo Pass as Amended Judiciary; 010-000-001
  3/18/2015SenatePlaced on Calendar Order of 2nd Reading March 19, 2015
  3/18/2015SenateAdded as Chief Co-Sponsor Sen. Michael Connelly
  3/19/2015SenateAdded as Chief Co-Sponsor Sen. Darin M. LaHood
  3/19/2015SenateSecond Reading
  3/19/2015SenatePlaced on Calendar Order of 3rd Reading March 24, 2015
  3/24/2015SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff
  3/26/2015SenateAdded as Chief Co-Sponsor Sen. Julie A. Morrison
  3/31/2015SenateAdded as Co-Sponsor Sen. Matt Murphy
  4/14/2015SenateAdded as Co-Sponsor Sen. Thomas Cullerton
  4/17/2015SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Ira I. Silverstein
  4/17/2015SenateSenate Floor Amendment No. 2 Referred to Assignments
  4/21/2015SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Ira I. Silverstein
  4/21/2015SenateSenate Floor Amendment No. 3 Referred to Assignments
  4/21/2015SenateSenate Floor Amendment No. 3 Assignments Refers to Judiciary
  4/21/2015SenateSenate Floor Amendment No. 2 Pursuant to Senate Rule 3-8(b-1), this amendment will remain in the Committee on Assignments.
  4/22/2015SenateSenate Floor Amendment No. 3 Recommend Do Adopt Judiciary; 011-000-001
  4/22/2015SenateRecalled to Second Reading
  4/22/2015SenateSenate Floor Amendment No. 3 Adopted; Silverstein
  4/22/2015SenatePlaced on Calendar Order of 3rd Reading
  4/22/2015SenateAdded as Co-Sponsor Sen. Tim Bivins
  4/22/2015SenateAdded as Co-Sponsor Sen. Kyle McCarter
  4/22/2015SenateThird Reading - Passed; 049-000-003
  4/22/2015SenateSenate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
  4/23/2015HouseArrived in House
  4/23/2015HouseChief House Sponsor Rep. Sara Feigenholtz
  4/23/2015HouseAdded Alternate Chief Co-Sponsor Rep. David McSweeney
  4/23/2015HouseAdded Alternate Chief Co-Sponsor Rep. Lou Lang
  4/23/2015HouseFirst Reading
  4/23/2015HouseReferred to Rules Committee
  5/4/2015HouseAssigned to Executive Committee
  5/5/2015HouseAdded Alternate Chief Co-Sponsor Rep. Carol Sente
  5/6/2015HouseAdded Alternate Chief Co-Sponsor Rep. Scott Drury
  5/8/2015HouseCommittee Deadline Extended-Rule 9(b) May 15, 2015
  5/12/2015HouseAdded Alternate Co-Sponsor Rep. John D. Anthony
  5/12/2015HouseAdded Alternate Co-Sponsor Rep. Anthony DeLuca
  5/12/2015HouseAdded Alternate Co-Sponsor Rep. David Harris
  5/13/2015HouseDo Pass / Short Debate Executive Committee; 010-000-000
  5/13/2015HousePlaced on Calendar 2nd Reading - Short Debate
  5/13/2015HouseAdded Alternate Co-Sponsor Rep. Jack D. Franks
  5/13/2015HouseAdded Alternate Co-Sponsor Rep. Cynthia Soto
  5/13/2015HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia
  5/14/2015HouseAdded Alternate Co-Sponsor Rep. Brandon W. Phelps
  5/14/2015HouseSecond Reading - Short Debate
  5/14/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/18/2015HouseAdded Alternate Co-Sponsor Rep. Ann M. Williams
  5/18/2015HouseThird Reading - Short Debate - Passed 102-000-000
  5/18/2015HouseAdded Alternate Co-Sponsor Rep. Camille Y. Lilly
  5/18/2015HouseAdded Alternate Co-Sponsor Rep. Jehan Gordon-Booth
  5/18/2015SenatePassed Both Houses
  6/16/2015SenateSent to the Governor
  7/23/2015SenateGovernor Approved
  7/23/2015SenateEffective Date July 23, 2015
  7/23/2015SenatePublic Act . . . . . . . . . 99-0128

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