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 Bill Status of SB0779  100th General Assembly


Senate Sponsors
Sen. Daniel Biss - Iris Y. Martinez and Laura M. Murphy

House Sponsors
(Rep. Elaine Nekritz )

Last Action
DateChamber Action
  5/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
5 ILCS 140/7from Ch. 116, par. 207
40 ILCS 5/1-113.17 new
40 ILCS 5/1-113.17a new
40 ILCS 5/1-113.17b new

Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code in relation to investment transparency. Defines terms. Provides that within 90 days after entering into a new agreement to invest in an alternative investment fund, a public retirement system must disclose certain specified provisions of the agreement. Provides that a public retirement system shall require its alternative investment fund external managers and general partners to make certain annual disclosures concerning certain fees and expenses, in regard to each alternative investment fund. Provides that supplying a public retirement system with a completed reporting template developed by the Institutional Limited Partners Association constitutes compliance with certain reporting requirements. Declares the disclosures to be public records and requires their publication on the public retirement system's website. Amends the Freedom of Information Act to make a conforming change. Effective immediately.

DateChamber Action
  2/1/2017SenateFiled with Secretary by Sen. Daniel Biss
  2/1/2017SenateFirst Reading
  2/1/2017SenateReferred to Assignments
  2/8/2017SenateAssigned to Licensed Activities and Pensions
  3/16/2017SenatePostponed - Licensed Activities and Pensions
  3/17/2017SenateRule 2-10 Committee Deadline Established As April 7, 2017
  3/29/2017SenateDo Pass Licensed Activities and Pensions; 007-005-000
  3/29/2017SenatePlaced on Calendar Order of 2nd Reading March 30, 2017
  3/29/2017SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
  4/26/2017SenateSecond Reading
  4/26/2017SenatePlaced on Calendar Order of 3rd Reading April 27, 2017
  4/28/2017SenateRule 2-10 Third Reading Deadline Established As May 31, 2017
  5/29/2017SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  5/29/2017SenateThird Reading - Passed; 034-019-000
  5/29/2017HouseArrived in House
  5/29/2017HouseChief House Sponsor Rep. Elaine Nekritz
  5/29/2017HouseFirst Reading
  5/29/2017HouseReferred to Rules Committee
  5/30/2017HouseAssigned to Personnel & Pensions Committee
  5/30/2017HouseFinal Action Deadline Extended-9(b) May 31, 2017
  5/30/2017HouseMotion Filed to Suspend Rule 21 Personnel & Pensions Committee; Rep. Barbara Flynn Currie
  5/30/2017HouseMotion to Suspend Rule 21 - Prevailed 065-051-000
  5/31/2017HouseRule 19(a) / Re-referred to Rules Committee

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