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HR1012 |
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LRB093 22333 LRD 51489 r |
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| HOUSE RESOLUTION
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| WHEREAS, It has come to the attention of the members of |
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| this body that minority-owned and female-owned financial |
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| services firms have not been afforded opportunities to |
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| participate in the investment activities of the public pension |
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| systems in Illinois; and
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| WHEREAS, The time is long overdue for minority-owned and |
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| female-owned financial services firms to be given the same |
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| consideration as other firms with regard to opportunities to do |
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| business with the public pension systems in Illinois; and
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| WHEREAS, By State law, all of the public pensions systems |
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| created under the Illinois Pension Code are encouraged to |
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| recognize and report on an annual basis their utilization of |
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| minority-owned and female-owned financial services firms; and
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| WHEREAS, The annual reports have revealed abysmal |
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| performance by the public pension systems with regard to the |
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| utilization of minority-owned and female-owned financial |
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| services firms; therefore, be it
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| RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE |
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| NINETY-THIRD GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that |
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| the House Task Force on Public Pension Investment is hereby |
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| created to investigate the investment practices of the public |
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| pension systems in Illinois with regard to each system's |
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| policies and utilization of minority-owned and female-owned |
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| financial services firms; and be it further
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| RESOLVED, That the Task Force shall conduct hearings, |
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| request information, and perform all other activities |
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| necessary to complete its investigation of the lack of |
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| opportunities afforded to minority-owned and female-owned |
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| financial services firms by the public pension systems in |