<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1721         </title>
<shortdesc>PUBLIC INVESTMENT-INDEX FUND</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Li Arellano, Jr.</sponsors>
</sponsor>
<lastaction>
<statusdate>2/5/2025</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 235/2</reference><aliasreference>from Ch. 85, par. 902</aliasreference><SynopsisText>Amends the Public Funds Investment Act. Provides that any public agency may invest any public funds in broad-based index funds that track the performance of a large group of stocks picked to represent the broader market.</SynopsisText></synopsis>
<actions>
<statusdate>2/5/2025</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Li Arellano, Jr.</action>
<statusdate>2/5/2025</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/5/2025</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
</actions>
</xml>

