Illinois General Assembly - Bill Status for HB5704
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 Bill Status of HB5704  102nd General Assembly


Short Description:  PUBLIC FUNDS INVEST PROHIBIT

House Sponsors
Rep. Jim Durkin - Dan Brady, Tony McCombie and Thomas M. Bennett

Last Action
DateChamber Action
  2/24/2022HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
15 ILCS 520/22.7 new
30 ILCS 235/2.3 new


Synopsis As Introduced
Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Prohibits the investment of State money and public funds in any investment instrument that is based in or tied to Russia. Effective immediately.

Actions 
DateChamber Action
  2/24/2022HouseFiled with the Clerk by Rep. Jim Durkin
  2/24/2022HouseAdded Chief Co-Sponsor Rep. Dan Brady
  2/24/2022HouseFirst Reading
  2/24/2022HouseReferred to Rules Committee
  3/7/2022HouseAdded Co-Sponsor Rep. Tony McCombie
  3/10/2022HouseAdded Co-Sponsor Rep. Thomas M. Bennett

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