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HB 1253 Illinois House · 95th Regular Session

PEN CD-INVESTMENT LIMITATION

Summary
Amends the Illinois Pension Code. Provides that a retirement system or pension fund established under the Downstate Police, Downstate Firefighters, or Illinois Municipal Retirement Fund Article may not acquire a security issued by an employer of employees covered by any retirement system or pension fund under any of those Articles, including itself, if immediately after such acquisition, the aggregate fair market value of all such employer securities held by the retirement system or pension fund exceeds 10% of the fair market value of the assets of the retirement system or pension fund. Effective immediately.
Bill status failed 3 of 5 stages cleared
Introduction
May 2007
Committee Review
Apr 2007
House Passage
May 2007
Senate Passage
Governor
Introduced May 16, 2007 Last action Jan 13, 2009
Floor votes · House May 15, 2007

How they voted

111–0
Passed · 4 other
Total votes 115
May 15, 2007
D Democratic64
60 Yea 4
93% Yea
R Republican51
51 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
21
Key actions
4
Committee
6
Amendments
2
May 16, 2007
Introduced
Arrive in Senate
upper
May 15, 2007
House · Passed
House Vote: pass (111-0-4)
house
Apr 24, 2007
Lower · Passed
House Floor Amendment No. 1 Adopted by Voice Vote
lower
Apr 16, 2007
Lower · Passed
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000
lower
Mar 28, 2007
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
Mar 28, 2007
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. Jim Watson
lower
Mar 22, 2007
Lower · Passed
Do Pass / Short Debate Personnel and Pensions Committee; 004-000-000
lower
Mar 6, 2007
Committee
Re-assigned to Personnel and Pensions Committee
lower
Feb 20, 2007
Committee
Assigned to Executive Committee
lower
Feb 15, 2007
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.