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SB 779 Illinois Senate · 100th Regular Session

PEN CD-INVESTMENT DISCLOSURE

Summary
Amends the General Provisions Article of the Illinois Pension Code in relation to investment transparency. Defines terms. Provides that within 90 days after entering into a new agreement to invest in an alternative investment fund, a public retirement system must disclose certain specified provisions of the agreement. Provides that a public retirement system shall require its alternative investment fund external managers and general partners to make certain annual disclosures concerning certain fees and expenses, in regard to each alternative investment fund. Provides that supplying a public retirement system with a completed reporting template developed by the Institutional Limited Partners Association constitutes compliance with certain reporting requirements. Declares the disclosures to be public records and requires their publication on the public retirement system's website. Amends the Freedom of Information Act to make a conforming change. Effective immediately.
Bill status failed 3 of 5 stages cleared
Introduction
May 2017
Committee Review
May 2018
Senate Passage
May 2017
House Passage
Governor
Introduced May 29, 2017 Last action Jan 9, 2019
Floor votes · Senate May 29, 2017

How they voted

29–17
Passed · 6 other
Total votes 52
May 29, 2017
D Democratic32
29 Yea 3
90% Yea
R Republican20
17 Nay 3
85% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
48
Key actions
9
Committee
17
Amendments
4
May 31, 2018
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 3, 2018
Lower · Passed
Approved for Consideration Rules Committee; 004-000-000
lower
Nov 10, 2017
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Nov 7, 2017
Amended
House Committee Amendment No. 1 Tabled Pursuant to Rule 40
lower
Nov 7, 2017
Lower · Passed
Do Pass as Amended / Short Debate Personnel & Pensions Committee; 008-004-000
lower
Nov 7, 2017
Lower · Passed
House Committee Amendment No. 2 Adopted in Personnel & Pensions Committee; by Voice Vote
lower
Nov 6, 2017
Lower · Passed
House Committee Amendment No. 2 Rules Refers to Personnel & Pensions Committee
lower
Nov 6, 2017
Committee
House Committee Amendment No. 2 Referred to Rules Committee
lower
Nov 6, 2017
Introduced
House Committee Amendment No. 2 Filed with Clerk by Rep. Robert Martwick
lower
Nov 2, 2017
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Personnel & Pensions Committee
lower
Oct 26, 2017
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Oct 26, 2017
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Barbara Flynn Currie
lower
Oct 26, 2017
Committee
Assigned to Personnel & Pensions Committee
lower
May 31, 2017
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
May 30, 2017
Lower · Passed
Motion Filed to Suspend Rule 21 Personnel & Pensions Committee; Rep. Barbara Flynn Currie
lower
May 30, 2017
Committee
Assigned to Personnel & Pensions Committee
lower
May 29, 2017
Committee
Referred to Rules Committee
lower
May 29, 2017
Introduced
Arrived in House
lower
May 29, 2017
Senate · Passed
Senate Vote: pass (29-17-6)
senate
Mar 29, 2017
Upper · Passed
Do Pass Licensed Activities and Pensions; 007-005-000
upper
Mar 17, 2017
Upper · Passed
Rule 2-10 Committee Deadline Established As April 7, 2017
upper
Feb 8, 2017
Committee
Assigned to Licensed Activities and Pensions
upper
Feb 1, 2017
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.