House Sponsors: STROGER-SCHOENBERG-MCKEON-FORBY-FOWLER, RYAN, MCGUIRE, DAVIS,MONIQUE AND MORROW. Short description: PEN CD-ALLOCATE BROKERAGE Synopsis of Bill as introduced: Amends the General Provisions Article of the Illinois Pension Code. Beginning July 1, 2002, requires the Illinois State Board of Investment and the board of trustees of each retirement system or pension fund to allocate specified portions of its brokerage business, on an annual basis, to brokerage or investment banking firms that are based in Illinois or are minority owned businesses or female owned businesses as defined in the Business Enterprise for Minorities, Females, and Persons with Disabilities Act. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) The fiscal impact of HB 3168 cannot be determined, as returns would depend on any changes made in asset allocation and the resulting performance of those assets. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status