Illinois General Assembly - Bill Status for HB4737

Illinois General Assembly - Bill Status for HB4737

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Bill Status of HB4737 94th General Assembly

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Short Description: PENCD-ECON OPPORTUNITY INVEST

House Sponsors
Rep. John E. Bradley - Lisa M. Dugan - Daniel V. Beiser - Mike Boland - Michael K. Smith, Brandon W. Phelps, Patrick J Verschoore, Jack McGuire, Jack D. Franks, Linda Chapa LaVia, Naomi D. Jakobsson and Kurt M. Granberg

Senate Sponsors
(Sen. James F. Clayborne, Jr.)

Last Action

Date	Chamber	Action
1/9/2007	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/1A-108.5 new

40 ILCS 5/15-167

from Ch. 108 1/2, par. 15-167

Synopsis As Introduced
Amends the Illinois Pension Code. Provides that it is the public policy of the State of Illinois to encourage the pension funds, and any State agency investing funds on behalf of pension funds, to promote the economy of Illinois through the use of economic opportunity investments while managing their assets to the greatest extent feasible within the bounds of financial and fiduciary prudence. Provides that each pension fund, except pension funds created under the Downstate Police and Firefighters Articles of the Code, shall submit a report to the Governor and the General Assembly by September 1 of each year that identifies the economic opportunity investments made by the fund, the primary location of the business or project, the percentage of the fund's assets in economic opportunity investments, and the actions that the fund has undertaken to increase the use of economic opportunity investments, including encouraging other investment managers to make economic opportunity investments through subcontractors. Requires certain pension funds, and any State agency investing funds on behalf of those pension funds, to make all reasonable efforts to invest a minimum of 5% of pension fund assets in economic opportunity investments. Effective immediately.

Actions

Date	Chamber	Action
1/12/2006	House	Filed with the Clerk by Rep. John E. Bradley
1/12/2006	House	First Reading
1/12/2006	House	Referred to Rules Committee
1/25/2006	House	Added Chief Co-Sponsor Rep. Lisa M. Dugan
1/31/2006	House	Added Chief Co-Sponsor Rep. Daniel V. Beiser
1/31/2006	House	Assigned to Personnel and Pensions Committee
2/9/2006	House	Do Pass / Short Debate Personnel and Pensions Committee; 005-000-000
2/9/2006	House	Placed on Calendar 2nd Reading - Short Debate
2/14/2006	House	Added Co-Sponsor Rep. Brandon W. Phelps
2/16/2006	House	Second Reading - Short Debate
2/16/2006	House	Placed on Calendar Order of 3rd Reading - Short Debate
2/21/2006	House	Second Reading - Consent Calendar
2/21/2006	House	Removed from Short Debate Status Rep. John E. Bradley
2/21/2006	House	Calendar Order of 3rd Reading - Standard Debate
2/21/2006	House	Added Chief Co-Sponsor Rep. Mike Boland
2/21/2006	House	Added Chief Co-Sponsor Rep. Michael K. Smith
2/21/2006	House	Added Co-Sponsor Rep. Patrick J Verschoore
2/21/2006	House	Added Co-Sponsor Rep. Jack McGuire
2/21/2006	House	Added Co-Sponsor Rep. Jack D. Franks
2/21/2006	House	Added Co-Sponsor Rep. Linda Chapa LaVia
2/21/2006	House	Third Reading - Standard Debate - Passed 064-043-005
2/22/2006	Senate	Arrive in Senate
2/22/2006	Senate	Placed on Calendar Order of First Reading February 23, 2006
2/23/2006	Senate	Chief Senate Sponsor Sen. James F. Clayborne, Jr.
2/23/2006	Senate	First Reading
2/23/2006	Senate	Referred to Rules
3/1/2006	House	Added Co-Sponsor Rep. Naomi D. Jakobsson
3/15/2006	Senate	Assigned to Pensions & Investments
3/25/2006	Senate	Rule 3-9(a) / Re-referred to Rules
3/30/2006	House	Added Co-Sponsor Rep. Kurt M. Granberg
1/9/2007	House	Session Sine Die