Illinois General Assembly - Bill Status for HB3592
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 Bill Status of HB3592  93rd General Assembly

Short Description:  PEN CD-CONFLICT OF INTEREST

House Sponsors
Rep. John A. Fritchey

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-110.1 new


Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Provides that, in choosing and using investment advisers and investment services, the State Board of Investment and the board of trustees of a pension fund shall be particularly conscious of the potential for conflicts of interest. Provides that the State Board of Investment and the board of trustees of a pension fund may by contract, and the Department of Insurance may by rule, require investment advisers and providers of investment services to declare and report potential conflicts of interest that may affect their fiduciary duties. Effective immediately.

 Pension Note (Pension Laws Commission)
 The provisions of HB 3592 do not have a fiscal impact.

Actions 
DateChamber Action
  2/28/2003HouseFiled with the Clerk by Rep. John A. Fritchey
  2/28/2003HouseFirst Reading
  2/28/2003HouseReferred to Rules Committee
  3/5/2003HouseAssigned to Personnel and Pensions Committee
  3/11/2003HousePension Note Filed
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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