Date	Chamber	Action
8/22/2014	Senate	Public Act . . . . . . . . . 98-1022

Statutes Amended In Order of Appearance

40 ILCS 5/6-101

from Ch. 108 1/2, par. 6-101

Synopsis As Introduced
Amends the Illinois Pension Code. Makes a technical change in a Section concerning Chicago firefighters.

Senate Floor Amendment No. 1

	Deletes reference to:
	40 ILCS 5/6-101

	Adds reference to:
	40 ILCS 5/1-113.21 new

Replaces everything after the enacting clause. Amends the Illinois Pension Code. Beginning January 1, 2015, requires persons and entities bidding on a contract for providing investment services, consulting services, or commitment to a private market fund to a retirement system, pension fund, or investment board to disclose certain information about their use of minority persons, female persons, and persons with a disability. Requires consideration of these disclosures before awarding the contract. Defines terms.

Senate Floor Amendment No. 2
In a provision requiring consideration of the data presented prior to awarding a contract, requires that consideration to be "within the bounds of financial and fiduciary prudence".

House Floor Amendment No. 2

	Adds reference to:
	40 ILCS 5/1-109.1	from Ch. 108 1/2, par. 1-109.1

40 ILCS 5/1-109.3

110 ILCS 979/30

Replaces everything after the enacting clause with the provisions of the engrossed bill, plus the following additional provisions: (1) In provisions relating to investment managers, defines "minority investment managers" and provides that, on or before February 1, 2015, a public employee retirement system, pension fund, or investment board, with certain exceptions, shall adopt a policy that sets forth goals for increasing the utilization of minority investment managers; requires annual review. Declares it to be the public policy of the State to encourage the use of minority investment managers. Provides that if a minority investment contractor is qualified for a contract, the manager shall be invited to present his or her firm for final consideration for a contract. (2) Beginning January 1, 2015, requires every current or incoming trustee, Chief Financial Officer, Chief Investment Officer, and Executive Director of any public retirement system, pension fund, or investment board to receive 10 hours of minority and female investment inclusion training, with the oversight of the Senate Public Pensions and State Investments Committee. (3) Amends the Illinois Prepaid Tuition Act. Provides that the Illinois Student Assistance Commission shall be subject to the same requirements as are imposed upon the board of trustees of a retirement system under certain provisions of the Illinois Pension Code, to the extent that those requirements are not in direct conflict with any other requirement of law to which the Commission is subject.

House Floor Amendment No. 3

	Deletes reference to:
	40 ILCS 5/1-109.3

Deletes a provision that required every current or incoming trustee, Chief Financial Officer, Chief Investment Officer, and Executive Director of any public retirement system or pension fund to receive 10 hours of minority and female investment inclusion training.

Actions 

Date	Chamber	Action
1/23/2013	Senate	Filed with Secretary by Sen. John J. Cullerton
1/23/2013	Senate	First Reading
1/23/2013	Senate	Referred to Assignments
3/13/2013	Senate	Assigned to Executive
3/20/2013	Senate	Do Pass Executive; 010-000-000
3/20/2013	Senate	Placed on Calendar Order of 2nd Reading March 21, 2013
4/12/2013	Senate	Second Reading
4/12/2013	Senate	Placed on Calendar Order of 3rd Reading April 16, 2013
4/16/2013	Senate	Re-referred to Assignments
4/3/2014	Senate	Chief Sponsor Changed to Sen. James F. Clayborne, Jr.
4/3/2014	Senate	Approved for Consideration Assignments
4/3/2014	Senate	Placed on Calendar Order of 3rd Reading April 7, 2014
4/7/2014	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr.
4/7/2014	Senate	Senate Floor Amendment No. 1 Referred to Assignments
4/8/2014	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. James F. Clayborne, Jr.
4/8/2014	Senate	Senate Floor Amendment No. 2 Referred to Assignments
4/8/2014	Senate	Senate Floor Amendment No. 1 Assignments Refers to Licensed Activities and Pensions
4/8/2014	Senate	Senate Floor Amendment No. 2 Assignments Refers to Licensed Activities and Pensions
4/9/2014	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Licensed Activities and Pensions; 009-000-000
4/9/2014	Senate	Senate Floor Amendment No. 2 Recommend Do Adopt Licensed Activities and Pensions; 009-000-000
4/9/2014	Senate	Added as Chief Co-Sponsor Sen. Iris Y. Martinez
4/9/2014	Senate	Added as Chief Co-Sponsor Sen. Kwame Raoul
4/9/2014	Senate	Recalled to Second Reading
4/9/2014	Senate	Senate Floor Amendment No. 1 Adopted; Clayborne
4/9/2014	Senate	Senate Floor Amendment No. 2 Adopted; Clayborne
4/9/2014	Senate	Placed on Calendar Order of 3rd Reading
4/9/2014	Senate	Third Reading - Passed; 058-000-000
4/10/2014	House	Arrived in House
4/10/2014	House	Chief House Sponsor Rep. Arthur Turner
4/10/2014	House	First Reading
4/10/2014	House	Referred to Rules Committee
4/28/2014	House	Assigned to Personnel and Pensions Committee
5/15/2014	House	Added Alternate Chief Co-Sponsor Rep. Christian L. Mitchell
5/15/2014	House	Do Pass / Short Debate Personnel and Pensions Committee; 008-000-000
5/16/2014	House	Placed on Calendar 2nd Reading - Short Debate
5/20/2014	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Arthur Turner
5/20/2014	House	House Floor Amendment No. 1 Referred to Rules Committee
5/22/2014	House	Second Reading - Short Debate
5/22/2014	House	Held on Calendar Order of Second Reading - Short Debate
5/23/2014	House	Added Alternate Chief Co-Sponsor Rep. Elgie R. Sims, Jr.
5/23/2014	House	Final Action Deadline Extended-9(b) May 30, 2014
5/23/2014	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Arthur Turner
5/23/2014	House	House Floor Amendment No. 2 Referred to Rules Committee
5/26/2014	House	House Floor Amendment No. 2 Rules Refers to Personnel and Pensions Committee
5/27/2014	House	House Floor Amendment No. 2 Recommends Be Adopted Personnel and Pensions Committee; 010-000-000
5/27/2014	House	House Floor Amendment No. 3 Filed with Clerk by Rep. Arthur Turner
5/27/2014	House	House Floor Amendment No. 3 Referred to Rules Committee
5/28/2014	House	House Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 004-000-000
5/28/2014	House	House Floor Amendment No. 2 Adopted
5/28/2014	House	House Floor Amendment No. 3 Adopted
5/28/2014	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/29/2014	House	Third Reading - Short Debate - Passed 108-006-001
5/29/2014	Senate	Secretary's Desk - Concurrence House Amendment(s) 2, 3
5/29/2014	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 2, 3 - May 30, 2014
5/29/2014	Senate	House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. James F. Clayborne, Jr.
5/29/2014	Senate	House Floor Amendment No. 2 Motion to Concur Referred to Assignments
5/29/2014	Senate	House Floor Amendment No. 3 Motion to Concur Filed with Secretary Sen. James F. Clayborne, Jr.
5/29/2014	Senate	House Floor Amendment No. 3 Motion to Concur Referred to Assignments
5/30/2014	Senate	House Floor Amendment No. 2 Motion to Concur Assignments Referred to Licensed Activities and Pensions
5/30/2014	Senate	House Floor Amendment No. 3 Motion to Concur Assignments Referred to Licensed Activities and Pensions
5/30/2014	Senate	House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 006-000-000
5/30/2014	Senate	House Floor Amendment No. 3 Motion To Concur Recommended Do Adopt Licensed Activities and Pensions; 006-000-000
5/30/2014	Senate	House Floor Amendment No. 2 Senate Concurs 057-000-000
5/30/2014	Senate	House Floor Amendment No. 3 Senate Concurs 057-000-000
5/30/2014	Senate	Passed Both Houses
6/27/2014	Senate	Sent to the Governor
8/22/2014	Senate	Governor Approved
8/22/2014	Senate	Effective Date January 1, 2015
8/22/2014	Senate	Public Act . . . . . . . . . 98-1022

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