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SB3086 - 104th General Assembly
STATE PERMITTED INVESTMENTS
Last Action
Senate Sponsors
Sen. Ram VillivalamHouse Sponsors
(Rep. Kevin John Olickal - Marcus C. Evans, Jr. - Diane Blair-Sherlock - Rick Ryan - Elizabeth "Lisa" Hernandez)Statutes Amended In Order of Appearance
15 ILCS 520/22.5from Ch. 130, par. 41a
Synopsis As Introduced
Amends the Deposit of State Moneys Act. Provides that the State Treasurer may invest or reinvest any State money in private placement fixed income securities that are exempt from the registration requirements of the Securities and Exchange Commission if specified conditions are satisfied. Effective immediately.
Senate Committee Amendment No. 1
Provides that the State Treasurer may invest or reinvest any State money in pooled investment trusts that are registered as an open-end investment company with the Securities and Exchange Commission and with voting trustees that are officers or employees of a national labor federation (rather than private placement fixed income securities that are exempt from the registration requirements of the Securities and Exchange Commission).
House Floor Amendment No. 1
Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill with the following changes. Removes the requirement that the issuer of an eligible pooled investment trust not be placed on the Illinois Investment Policy Board's list of restricted companies. Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/29/2026 | Senate | Filed with Secretary by Sen. Ram Villivalam |
| 1/29/2026 | Senate | First Reading |
| 1/29/2026 | Senate | Referred to Assignments |
| 3/10/2026 | Senate | Assigned to State Government |
| 3/10/2026 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam |
| 3/10/2026 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 3/11/2026 | Senate | Senate Committee Amendment No. 1 Assignments Refers to State Government |
| 3/13/2026 | Senate | Rule 2-10 Committee Deadline Established As March 27, 2026 |
| 3/27/2026 | Senate | Rule 2-10 Committee Deadline Established As April 24, 2026 |
| 4/15/2026 | Senate | Senate Committee Amendment No. 1 Adopted |
| 4/15/2026 | Senate | Do Pass as Amended State Government; 008-000-000 |
| 4/15/2026 | Senate | Placed on Calendar Order of 2nd Reading April 16, 2026 |
| 4/16/2026 | Senate | Second Reading |
| 4/16/2026 | Senate | Placed on Calendar Order of 3rd Reading April 17, 2026 |
| 4/17/2026 | Senate | Rule 2-10 Third Reading Deadline Established As May 8, 2026 |
| 4/29/2026 | Senate | Third Reading - Passed; 047-007-000 |
| 4/29/2026 | House | Arrived in House |
| 4/30/2026 | House | Chief House Sponsor Rep. Kevin John Olickal |
| 5/05/2026 | House | First Reading |
| 5/05/2026 | House | Referred to Rules Committee |
| 5/05/2026 | House | Assigned to State Government Administration Committee |
| 5/07/2026 | House | Committee Deadline Extended-Rule 9(b) May 15, 2026 |
| 5/13/2026 | House | Do Pass / Short Debate State Government Administration Committee; 008-000-000 |
| 5/14/2026 | House | Placed on Calendar 2nd Reading - Short Debate |
| 5/15/2026 | House | House Floor Amendment No. 1 Filed with Clerk by Rep. Kevin John Olickal |
| 5/15/2026 | House | House Floor Amendment No. 1 Referred to Rules Committee |
| 5/19/2026 | House | House Floor Amendment No. 1 Rules Refers to State Government Administration Committee |
| 5/19/2026 | House | Second Reading - Short Debate |
| 5/19/2026 | House | Held on Calendar Order of Second Reading - Short Debate |
| 5/20/2026 | House | Added Alternate Chief Co-Sponsor Rep. Marcus C. Evans, Jr. |
| 5/20/2026 | House | Added Alternate Chief Co-Sponsor Rep. Diane Blair-Sherlock |
| 5/20/2026 | House | Added Alternate Chief Co-Sponsor Rep. Rick Ryan |
| 5/20/2026 | House | Added Alternate Chief Co-Sponsor Rep. Elizabeth "Lisa" Hernandez |
| 5/20/2026 | House | House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 008-000-000 |
| 5/21/2026 | House | House Floor Amendment No. 1 Adopted by Voice Vote |
| 5/21/2026 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 5/22/2026 | House | Third Reading - Short Debate - Passed 073-026-000 |
| 5/22/2026 | Senate | Secretary's Desk - Concurrence House Amendment(s) 1 |
| 5/22/2026 | Senate | Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 25, 2026 |
| 5/28/2026 | Senate | House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Ram Villivalam |
| 5/28/2026 | Senate | House Floor Amendment No. 1 Motion to Concur Referred to Assignments |
| 5/28/2026 | Senate | House Floor Amendment No. 1 Motion to Concur Assignments Referred to State Government |
| 5/29/2026 | Senate | House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt State Government; 007-000-000 |
| 5/31/2026 | Senate | House Floor Amendment No. 1 Senate Concurs 051-006-000 |
| 5/31/2026 | Senate | Senate Concurs |
| 5/31/2026 | Senate | Passed Both Houses |