Illinois General Assembly - Bill Status for HB2704
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 Bill Status of HB2704 General Assembly


House Sponsors
Rep. Robert Martwick

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

Statutes Amended In Order of Appearance
5 ILCS 430/5-70 new

Synopsis As Introduced
Amends the State Officials and Employees Ethics Act. Provides that no person elected to public office as a member of the General Assembly or as Governor, including the staff of the Governor, shall hold any common stock in an Illinois business that may be affected by legislation. Provides that any specified elected person holding common stock shall be required to either place such holdings in a blind trust or divest himself or herself of that interest as soon as practicable: (1) after the effective date of this amendatory Act of the 101st General Assembly; or (2) after being sworn into office. Provides that nothing prohibits the ownership of mutual funds through a deferred compensation plan or a 401k plan that may invest in common stock, or prohibits a specified elected person from participating in any pension fund that may invest in common stock.

DateChamber Action
  2/14/2019HouseFiled with the Clerk by Rep. Robert Martwick
  2/14/2019HouseFirst Reading
  2/14/2019HouseReferred to Rules Committee
  2/26/2019HouseAssigned to Executive Committee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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