Illinois General Assembly - Bill Status for SB3748
Illinois General Assembly

Previous General Assemblies

 Bill Status of SB3748  101st General Assembly


Short Description:  PENCD-EMRGING INVSTMNT MANAGER

Senate Sponsors
Sen. Don Harmon - Jacqueline Y. Collins

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-113.14
40 ILCS 5/1-113.15a new


Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Defines "qualified manager of emerging investment managers services". In a provision requiring a competitive process for awarding investment contracts, adds an exclusion for contracts for investment services with an emerging investment manager provided through a qualified manager of emerging investment managers services. In a provision requiring contracts for investment services to include certain disclosures regarding subcontractors, excludes from the definition of "subcontractor" qualified managers of emerging investment managers services. Provides that based upon a written recommendation from an investment adviser providing qualified manager of emerging investment managers services for the selection or appointment of an emerging investment manager that has been providing investment services in the multimanager portfolio for at least 24 months, the board of a retirement system, pension fund, or investment board may select or appoint such emerging investment manager based upon such recommendation. Requires a qualified manager of emerging investment managers services to comply with specified requirements concerning written contracts. Effective January 1, 2021.

Actions 
DateChamber Action
  2/14/2020SenateFiled with Secretary by Sen. Iris Y. Martinez
  2/14/2020SenateFirst Reading
  2/14/2020SenateReferred to Assignments
  3/12/2020SenateAssigned to Government Accountability and Ethics
  3/18/2020SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins
  3/18/2020SenateRule 2-10 Committee Deadline Established As April 2, 2020
  3/25/2020SenateRule 2-10 Committee Deadline Established As April 24, 2020
  3/25/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
  4/12/2020SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  4/16/2020SenateRule 2-10 Committee Deadline Established As April 30, 2020
  4/23/2020SenateRule 2-10 Committee Deadline Established As May 7, 2020
  4/23/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Committee Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Committee Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
  5/15/2020SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2020
  12/1/2020SenateChief Sponsor Changed to Sen. Don Harmon
  1/13/2021SenateSession Sine Die

Back To Top