Illinois General Assembly - Bill Status for HB0232
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of HB0232  102nd General Assembly


Short Description:  PEN CD-PROHIBITED TRANSACTIONS

House Sponsors
Rep. Elizabeth Hernandez - Carol Ammons - Mark Batinick, Dagmara Avelar, Janet Yang Rohr, Jaime M. Andrade, Jr., Eva Dina Delgado, Delia C. Ramirez, Aaron M. Ortiz, Edgar Gonzalez, Jr., Barbara Hernandez, Angelica Guerrero-Cuellar, Natalie A. Manley, Emanuel Chris Welch and Jennifer Gong-Gershowitz

Senate Sponsors
(Sen. Karina Villa)

Hearings
Pensions Hearing May 19 2021 10:00AM www.ilga.gov Virtual Room 3 Springfield, IL


Last Action
DateChamber Action
  5/12/2021SenatePostponed - Pensions

Statutes Amended In Order of Appearance
40 ILCS 5/1-110.16


Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Requires the Illinois Investment Policy Board to make its best efforts to identify all for-profit companies that contract to shelter migrant children and include those companies in the list of restricted companies for purposes of investment distributed to each retirement system and the Illinois State Board of Investment. Effective immediately.

House Floor Amendment No. 1
Adds reference to:
40 ILCS 5/1-110.17 new

Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes. Provides that if a company ceases activity that designates the company to be a for-profit company that contracts to shelter migrant children, the company shall be removed from the list of restricted companies. Provides that a retirement system shall adhere to specified procedures for restricted companies that are for-profit companies that contract to shelter migrant children. Provides that if, at least 4 years after the effective date of an amendatory Act that initially establishes a prohibited transaction under this Article, the Illinois Investment Policy Board concludes that divestment is no longer necessary due to achievement of the underlying goals of the amendatory Act establishing the prohibited transaction, changes in status surrounding the prohibited transactions, or other verifiable reasons, the Illinois Investment Policy Board may cease actions to require divestment, identify restricted companies, or prohibit transactions by a majority vote of the Illinois Investment Policy Board if: (1) no less than one year prior to the change in policy, the Illinois Investment Policy Board notifies, in writing, the General Assembly of the change in policy and lists the reasons for changing the policy; and (2) the General Assembly does not, before the change in policy, adopt a House Resolution or a Senate Resolution instructing the Illinois Investment Policy Board to not change the policy. Effective immediately.

Actions 
DateChamber Action
  1/26/2021HouseFiled with the Clerk by Rep. Elizabeth Hernandez
  1/29/2021HouseFirst Reading
  1/29/2021HouseReferred to Rules Committee
  2/16/2021HouseAdded Co-Sponsor Rep. Dagmara Avelar
  2/23/2021HouseAssigned to Personnel & Pensions Committee
  2/26/2021HouseAdded Chief Co-Sponsor Rep. Carol Ammons
  3/5/2021HouseDo Pass / Short Debate Personnel & Pensions Committee; 006-002-000
  3/9/2021HousePlaced on Calendar 2nd Reading - Short Debate
  3/17/2021HouseAdded Co-Sponsor Rep. Janet Yang Rohr
  3/18/2021HouseAdded Co-Sponsor Rep. Jaime M. Andrade, Jr.
  3/18/2021HouseAdded Co-Sponsor Rep. Eva Dina Delgado
  3/18/2021HouseAdded Co-Sponsor Rep. Delia C. Ramirez
  3/18/2021HouseAdded Co-Sponsor Rep. Aaron M. Ortiz
  3/18/2021HouseAdded Co-Sponsor Rep. Edgar Gonzalez, Jr.
  3/18/2021HouseAdded Co-Sponsor Rep. Barbara Hernandez
  3/18/2021HouseAdded Co-Sponsor Rep. Angelica Guerrero-Cuellar
  3/22/2021HouseAdded Co-Sponsor Rep. Natalie A. Manley
  4/15/2021HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Elizabeth Hernandez
  4/15/2021HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/16/2021HouseSecond Reading - Short Debate
  4/16/2021HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/20/2021HouseHouse Floor Amendment No. 1 Rules Refers to Personnel & Pensions Committee
  4/20/2021HouseAdded Co-Sponsor Rep. Emanuel Chris Welch
  4/21/2021HouseHouse Floor Amendment No. 1 Recommends Be Adopted Personnel & Pensions Committee; 008-000-000
  4/22/2021HouseAdded Chief Co-Sponsor Rep. Mark Batinick
  4/22/2021HouseRecalled to Second Reading - Short Debate
  4/22/2021HouseHouse Floor Amendment No. 1 Adopted
  4/22/2021HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/22/2021HouseThird Reading - Short Debate - Passed 111-005-000
  4/22/2021HouseAdded Co-Sponsor Rep. Jennifer Gong-Gershowitz
  4/23/2021SenateArrive in Senate
  4/23/2021SenatePlaced on Calendar Order of First Reading
  4/23/2021SenateChief Senate Sponsor Sen. Karina Villa
  4/23/2021SenateFirst Reading
  4/23/2021SenateReferred to Assignments
  5/4/2021SenateAssigned to Pensions
  5/12/2021SenatePostponed - Pensions

Back To Top