Bill Status of SB 1656   96th General Assembly

Short Description:  PENSION ETHICS

Senate Sponsors
Sen. Kwame Raoul, Kyle McCarter and Kirk W. Dillard

Last Action  View All Actions

DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
5 ILCS 420/4A-101from Ch. 127, par. 604A-101
5 ILCS 420/4A-102from Ch. 127, par. 604A-102
5 ILCS 420/4A-106from Ch. 127, par. 604A-106
5 ILCS 420/4A-107from Ch. 127, par. 604A-107
5 ILCS 430/1-5
40 ILCS 5/1-101.2
40 ILCS 5/1-109.1from Ch. 108 1/2, par. 1-109.1
40 ILCS 5/1-110from Ch. 108 1/2, par. 1-110
40 ILCS 5/1-113.14 new
40 ILCS 5/1-113.15 new
40 ILCS 5/1-113.16 new
40 ILCS 5/1-130 new
40 ILCS 5/1-135 new
40 ILCS 5/1-140 new
40 ILCS 5/1-145 new
40 ILCS 5/1-150 new

Synopsis As Introduced
Amends the Illinois Governmental Ethics Act. Requires members of the board of any pension fund or retirement system established under the Illinois Pension Code to file a statement of economic interests. Amends the State Officials and Employees Ethics Act. Includes appointed or elected commissioners, trustees, directors, or board members of a board of a State agency, including the boards found in the Illinois Pension Code, in the definition of "employee". Amends the Illinois Pension Code. Makes changes in provisions concerning the definition of "fiduciary", allocation and delegation of fiduciary duties, and prohibited transactions. Adds provisions concerning investment advisers, consultants, and investment services for investment boards, pension funds, and retirement systems other than downstate police and fire pension funds; investment transparency; prohibitions on monetary gain on investments; fraud, prohibitions on gifts; contingent fees; and procurements for pension funds, retirement systems, and investment boards, except downstate police and fire pension funds. Requires the University of Illinois to create the Illinois Fiduciary College for the purpose of education pension fund, retirement system, and investment board members and staffs on ethics.

Actions 
DateChamber Action
  2/19/2009SenateFiled with Secretary by Sen. Kwame Raoul
  2/19/2009SenateFirst Reading
  2/19/2009SenateReferred to Assignments
  2/25/2009SenateAssigned to Executive
  3/4/2009SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Kwame Raoul
  3/4/2009SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/4/2009SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Kwame Raoul
  3/4/2009SenateSenate Committee Amendment No. 2 Referred to Assignments
  3/5/2009SenateSenate Committee Amendment No. 1 Assignments Refers to Executive
  3/5/2009SenateSenate Committee Amendment No. 2 Assignments Refers to Executive
  3/6/2009SenateSenate Committee Amendment No. 1 To Executive Subcommittee on Ethics
  3/6/2009SenateSenate Committee Amendment No. 2 To Executive Subcommittee on Ethics
  3/6/2009SenateTo Executive Subcommittee on Ethics
  3/6/2009SenateAdded as Co-Sponsor Sen. Kyle McCarter
  3/11/2009SenateAdded as Co-Sponsor Sen. Kirk W. Dillard
  3/12/2009SenateHeld in Executive; Subcommittee on Ethics
  3/13/2009SenateRule 2-10 Committee Deadline Established As April 3, 2009
  4/3/2009SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  4/3/2009SenateSenate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments
  4/3/2009SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die

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