Date	Chamber	Action
1/13/2021	Senate	Session Sine Die

Statutes Amended In Order of Appearance

New Act

15 ILCS 520/22.8

30 ILCS 235/2.5

40 ILCS 5/1-113.6

40 ILCS 5/1-113.17 new

Synopsis As Introduced
Creates the Illinois Sustainable Investing Act. Provides that any public agency or governmental unit shall develop, publish, and implement sustainable investment policies applicable to the management of all public funds under its control. Provides that the sustainable investment policy may be incorporated in existing investment policies developed, published, and implemented by a public agency or governmental unit. Provides that the sustainable investment policy shall include material, relevant, and decision-useful sustainability factors to be applied by the public agency or governmental unit in evaluating investment decisions. Provides that a public agency shall prudently integrate sustainability factors into its investment decision-making, investment analysis, portfolio construction, due diligence, and investment ownership in order to maximize anticipated financial returns, minimize projected risk, and more effectively execute its fiduciary duty. Specifies sustainability factors, and the ways in which such factors may be analyzed. Amends the Deposit of State Moneys Act, the Public Funds Investment Act, and the Illinois Pension Code to make changes concerning investment policy and the Illinois Sustainable Investing Act. Provides findings and purpose provisions. Defines terms.

Senate Committee Amendment No. 1
Provides that the sustainable investment policy developed under the Illinois Sustainable Investing Act shall include material, relevant, and decision-useful sustainability factors to be considered (currently, applied) by the public agency or governmental unit as one component of its overall evaluation of investment decisions. Provides that nothing in the Act prohibits a public agency or governmental unit from integrating additional factors into its investment decision-making, investment analysis, portfolio construction, due diligence, and investment ownership of public funds. Provides that the Act shall not apply to bank time deposits or bank processing services. Makes conforming changes.

Actions 

Date	Chamber	Action
2/15/2019	Senate	Filed with Secretary by Sen. Iris Y. Martinez
2/15/2019	Senate	First Reading
2/15/2019	Senate	Referred to Assignments
3/5/2019	Senate	Assigned to State Government
3/13/2019	Senate	Postponed - State Government
3/14/2019	Senate	Added as Co-Sponsor Sen. Scott M. Bennett
3/15/2019	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez
3/15/2019	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/19/2019	Senate	Senate Committee Amendment No. 1 Assignments Refers to State Government
3/20/2019	Senate	Senate Committee Amendment No. 1 Adopted
3/20/2019	Senate	Do Pass as Amended State Government; 009-000-000
3/20/2019	Senate	Placed on Calendar Order of 2nd Reading March 21, 2019
3/29/2019	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Iris Y. Martinez
3/29/2019	Senate	Senate Floor Amendment No. 2 Referred to Assignments
4/3/2019	Senate	Senate Floor Amendment No. 2 Assignments Refers to State Government
4/4/2019	Senate	Senate Floor Amendment No. 2 Postponed - State Government
4/9/2019	Senate	Second Reading
4/9/2019	Senate	Placed on Calendar Order of 3rd Reading April 10, 2019
4/12/2019	Senate	Rule 3-9(a) / Re-referred to Assignments
7/3/2019	Senate	Senate Floor Amendment No. 2 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
12/1/2020	Senate	Chief Sponsor Changed to Sen. Don Harmon
1/13/2021	Senate	Session Sine Die

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