Synopsis As Introduced Amends the General Provisions Article of the Illinois Pension Code. Requires each pension fund and retirement system established under the Code to make its best efforts to identify all firearm manufacturing companies in which it has direct or indirect holdings and, under certain circumstances, to divest itself of holdings in those companies. Effective immediately.
House Floor Amendment No. 1 Provides that the term "firearm manufacturing company" does not include either a company that manufactures only ceremonial weapons or a company that manufactures only unassembled component parts for destructive devices, ammunition for destructive devices, armor piercing ammunition, firearms other than destructive devices, or ammunition for firearms other than destructive devices or armor piercing ammunition.