PEN CD-CONFLICT OF INTEREST
Summary
Amends the General Provisions Article of the Illinois Pension Code. Provides that, in choosing and using investment advisers and investment services, the State Board of Investment and the board of trustees of a pension fund shall be particularly conscious of the potential for conflicts of interest. Provides that the State Board of Investment and the board of trustees of a pension fund may by contract, and the Department of Insurance may by rule, require investment advisers and providers of investment services to declare and report potential conflicts of interest that may affect their fiduciary duties. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Mar 2003
Committee Review
Floor Vote
Governor
Introduced Mar 11, 2003
Last action Jan 11, 2005
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
3
Jan 11, 2005
House · Failed
Session Sine Die
Mar 13, 2003
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Mar 5, 2003
House · Referred to committee
Assigned to Personnel and Pensions Committee
Feb 28, 2003
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
John A. Fritchey
DDemocratic
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