PEN CD-ALLOCATE BROKERAGE
Summary
Amends the General Provisions Article of the Illinois Pension Code. Beginning July 1, 2004, 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.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2003
Committee Review
Floor Vote
Governor
Introduced Feb 28, 2003
Last action Jan 11, 2005
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
18
Key actions
0
Committee
5
Jan 11, 2005
Senate · Failed
Session Sine Die
Jul 1, 2003
Senate · Referred to committee
Pursuant to Senate Rule 3-9(b) / Referred to Rules
Mar 13, 2003
Senate · Reported by committee
Do Pass Insurance & Pensions; 006-004-000
Mar 5, 2003
Senate · Reported by committee
To Subcommittee
Feb 28, 2003
Senate · Introduced
Pension Note Filed As Introduced
Feb 26, 2003
Senate · Referred to committee
Assigned to Insurance & Pensions
Feb 18, 2003
Senate · Referred to committee
Referred to Rules
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Jeffrey M. Schoenberg
DDemocratic
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