Full Text of SR1003 103rd General Assembly
SR1003 103RD GENERAL ASSEMBLY | | | SR1003 | | LRB103 40787 MST 73647 r |
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| 1 | | SENATE RESOLUTION | 2 | | WHEREAS, The Illinois Office of the Treasurer, entrusted | 3 | | with the stewardship of the State's financial resources, holds | 4 | | a position of paramount importance in safeguarding and | 5 | | maximizing the value of investments, which currently stand at | 6 | | roughly $60 billion; and | 7 | | WHEREAS, The duties of the state treasurer are to protect | 8 | | and bolster the State's investment portfolio, implement | 9 | | savings programs to aid Illinois residents in creating a | 10 | | better future for themselves, and disburse monies at the call | 11 | | of the state comptroller; and | 12 | | WHEREAS, The integration of environmental, social, and | 13 | | governance (ESG) criteria and underlying principles have | 14 | | infiltrated the treasurer's investment decision-making | 15 | | processes; and | 16 | | WHEREAS, The criteria and principles underlying ESG | 17 | | investing are inherently susceptible to political and partisan | 18 | | influence and agendas; and | 19 | | WHEREAS, The principles of transparency and accountability | 20 | | serve as cornerstones in ensuring public confidence and trust | 21 | | in governmental institutions, particularly in matters |
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| 1 | | concerning financial management and investment strategies; and | 2 | | WHEREAS, Recent bipartisan concerns have been raised | 3 | | regarding the motivations behind certain investment decisions | 4 | | made by the Illinois Office of the Treasurer, with allegations | 5 | | suggesting that political considerations may be prioritized | 6 | | over the best interests of the people of Illinois; and | 7 | | WHEREAS, It is important to hold accountable those who are | 8 | | responsible for managing the State's financial resources, | 9 | | ensuring that investments are made with the sole aim of | 10 | | benefiting the citizens of Illinois and not influenced by | 11 | | partisan agendas; and | 12 | | WHEREAS, The state treasurer bears the responsibility of | 13 | | assuring economic growth and prosperity within Illinois, and | 14 | | any deviation from this mandate in favor of political | 15 | | expediency is unacceptable and undermines the public trust in | 16 | | the office; therefore, be it | 17 | | RESOLVED, BY THE SENATE OF THE ONE HUNDRED THIRD GENERAL | 18 | | ASSEMBLY OF THE STATE OF ILLINOIS, that we reaffirm our | 19 | | commitment to oversight and accountability in the management | 20 | | of the State's investments and urge the Illinois Office of the | 21 | | Treasurer to prioritize the well-being and prosperity of all | 22 | | residents above political, partisan, or ESG considerations in |
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| 1 | | all investment decisions; and be it further | 2 | | RESOLVED, That we demand full transparency from the | 3 | | Illinois Office of the Treasurer regarding the rationale | 4 | | behind investment choices to ensure that they are based solely | 5 | | on sound financial principles and the best interests of the | 6 | | people of Illinois; and be it further | 7 | | RESOLVED, That we pledge to diligently investigate any | 8 | | instances where investment decisions appear to have been | 9 | | influenced by political motives and to take appropriate action | 10 | | to safeguard the integrity of the State's financial management | 11 | | practices. |
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