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HB 2557 Illinois House · 96th Regular Session

PEN CD-ECON OPPORTUNITY INVEST

Summary
Amends the Illinois Pension Code. Provides that it is the public policy of the State of Illinois to encourage the pension funds, and any State agency investing funds on behalf of pension funds, to promote the economy of Illinois through the use of economic opportunity investments to the greatest extent feasible within the bounds of financial and fiduciary prudence. Provides that each pension fund, except pension funds created under the Downstate Police and Firefighters Articles of the Code, shall submit a report to the Governor and the General Assembly by September 1 of each year that identifies the economic opportunity investments made by the fund, the primary location of the business or project, the percentage of the fund's assets in economic opportunity investments, and the actions that the fund has undertaken to increase the use of economic opportunity investments. Requires certain pension funds, and any State agency investing funds on behalf of those pension funds, to make reasonable efforts to invest in economic opportunity investments. Effective immediately.
Bill status signed all 5 stages cleared
Introduction
Mar 2009
Committee Review
May 2009
House Passage
May 2009
Senate Passage
May 2009
Signed into Law
Aug 2009
Introduced Mar 18, 2009 Signed Aug 25, 2009
Floor votes · Senate May 21, 2009 · House May 30, 2009

How they voted

48–0
Passed
Total votes 48
May 21, 2009
D Democratic29
29 Yea
100% Yea
R Republican19
19 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
59
Key actions
15
Committee
22
Amendments
11
Aug 25, 2009
Signed into law
Governor Approved
lower
May 30, 2009
Lower · Passed
Passed Both Houses
lower
May 30, 2009
Introduced
Senate Floor Amendment No. 3 House Concurs 117-000-000
lower
May 30, 2009
Lower · Passed
Senate Committee Amendment No. 1 House Concurs 117-000-000
lower
May 28, 2009
Lower · Passed
Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Personnel and Pensions Committee; 010-000-000
lower
May 28, 2009
Lower · Passed
Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Personnel and Pensions Committee; 010-000-000
lower
May 28, 2009
Committee
Senate Floor Amendment No. 3 Motion to Concur Rules Referred to Personnel and Pensions Committee
lower
May 28, 2009
Committee
Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Personnel and Pensions Committee
lower
May 27, 2009
Committee
Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee
lower
May 27, 2009
Committee
Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
lower
May 27, 2009
Introduced
Senate Floor Amendment No. 3 Motion Filed Concur Rep. John E. Bradley
lower
May 27, 2009
Lower · Passed
Senate Committee Amendment No. 1 Motion Filed Concur Rep. John E. Bradley
lower
May 21, 2009
Introduced
Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 3
lower
May 21, 2009
Introduced
Arrived in House
lower
May 21, 2009
Amended
Senate Committee Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
upper
May 21, 2009
Upper · Passed
Senate Floor Amendment No. 3 Adopted; Lauzen
upper
May 21, 2009
Senate · Passed
Senate Vote: pass (48-0)
senate
May 18, 2009
Introduced
Senate Floor Amendment No. 3 Recommend Do Adopt Pensions and Investments; 006-000-000
upper
May 17, 2009
Introduced
Senate Floor Amendment No. 3 Assignments Refers to Pensions and Investments
upper
May 13, 2009
Committee
Senate Floor Amendment No. 3 Referred to Assignments
upper
May 13, 2009
Introduced
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Chris Lauzen
upper
May 8, 2009
Committee
Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments
upper
May 7, 2009
Upper · Passed
Do Pass as Amended Pensions and Investments; 010-000-000
upper
May 7, 2009
Upper · Passed
Senate Committee Amendment No. 2 Held in Pensions and Investments
upper
May 6, 2009
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
May 6, 2009
Upper · Passed
Senate Committee Amendment No. 2 Assignments Refers to Pensions and Investments
upper
May 5, 2009
Committee
Senate Committee Amendment No. 2 Referred to Assignments
upper
May 5, 2009
Introduced
Senate Committee Amendment No. 2 Filed with Secretary by Sen. Chris Lauzen
upper
Apr 30, 2009
Upper · Passed
Senate Committee Amendment No. 1 Held in Pensions and Investments
upper
Apr 28, 2009
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Pensions and Investments
upper
Apr 27, 2009
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Apr 27, 2009
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein
upper
Apr 22, 2009
Committee
Assigned to Pensions and Investments
upper
Mar 18, 2009
Committee
Referred to Assignments
upper
Mar 18, 2009
Introduced
Arrive in Senate
upper
Mar 12, 2009
Lower · Passed
Do Pass / Short Debate Personnel and Pensions Committee; 007-000-000
lower
Feb 25, 2009
Committee
Assigned to Personnel and Pensions Committee
lower
Feb 20, 2009
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.