Bill Status of SB2987  94th General Assembly


Short Description:  PENSIONS-INVESTMENT ADVISERS

Senate Sponsors
Sen. Christine Radogno - Peter J. Roskam - Cheryl Axley - Kirk W. Dillard - John J. Millner, Pamela J. Althoff and Bill Brady

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-101.2
40 ILCS 5/1-101.4
40 ILCS 5/1-110from Ch. 108 1/2, par. 1-110
40 ILCS 5/1-113.5
40 ILCS 5/1-113.12
40 ILCS 5/1-125 new
40 ILCS 5/1-130 new
40 ILCS 5/1-135 new
40 ILCS 5/1-140 new
40 ILCS 5/1A-113
40 ILCS 5/22A-108.1from Ch. 108 1/2, par. 22A-108.1
40 ILCS 5/22A-111from Ch. 108 1/2, par. 22A-111
40 ILCS 5/2-152 rep.
40 ILCS 5/2-155 rep.
40 ILCS 5/12-190.3 rep.
40 ILCS 5/13-806 rep.
40 ILCS 5/14-148 rep.
40 ILCS 5/15-186 rep.
40 ILCS 5/15-189 rep.
40 ILCS 5/16-191 rep.
40 ILCS 5/16-198 rep.
40 ILCS 5/18-159 rep.
40 ILCS 5/18-162 rep.
30 ILCS 805/8.30 new


Synopsis As Introduced
Amends the Illinois Pension Code. Imposes various ethics requirements and prohibitions, and certain criminal penalties, with respect to employees, board members, fiduciaries, investment advisers, and investment consultants of pension funds, retirement systems, and the Illinois State Board of Investment. Preempts home rule with respect to investment adviser and consultant contracts. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  1/20/2006SenateFiled with Secretary by Sen. Christine Radogno
  1/20/2006SenateChief Co-Sponsor Sen. Peter J. Roskam
  1/20/2006SenateChief Co-Sponsor Sen. Cheryl Axley
  1/20/2006SenateChief Co-Sponsor Sen. Kirk W. Dillard
  1/20/2006SenateChief Co-Sponsor Sen. John J. Millner
  1/20/2006SenateFirst Reading
  1/20/2006SenateReferred to Rules
  2/1/2006SenateAdded as Co-Sponsor Sen. Pamela J. Althoff
  2/14/2006SenateAdded as Co-Sponsor Sen. Bill Brady
  1/9/2007SenateSession Sine Die