Bill Status of SB 23   94th General Assembly

Short Description:  STATE INVESTMENTS-SUDAN

Senate Sponsors
Sen. Jacqueline Y. Collins-Mattie Hunter-Peter J. Roskam, Martin A. Sandoval-M. Maggie Crotty, Iris Y. Martinez, Terry Link, James T. Meeks, Edward Petka-Kwame Raoul, Donne E. Trotter and Carol Ronen

House Sponsors
(Rep. Lovana Jones-Mike Boland, Kenneth Dunkin, Constance A. Howard, Monique D. Davis, Eddie Washington, Tom Cross-Michelle Chavez, Edward J. Acevedo, Charles E. Jefferson, Bob Biggins, Jack D. Franks, Robin Kelly, Deborah L. Graham, Karen A. Yarbrough, Mary E. Flowers, David E. Miller, Linda Chapa LaVia, Terry R. Parke, Harry Osterman, Arthur L. Turner, Barbara Flynn Currie, Rosemary Mulligan and Wyvetter H. Younge)


Last Action  View All Actions

DateChamber Action
  6/27/2005SenatePublic Act . . . . . . . . . 94-0079

Statutes Amended In Order of Appearance
15 ILCS 520/7.5 new
15 ILCS 520/15from Ch. 130, par. 34
15 ILCS 520/22.5from Ch. 130, par. 41a
40 ILCS 5/1-110from Ch. 108 1/2, par. 1-110

Synopsis As Introduced
Amends the Deposit of State Moneys Act. Provides that a bank or savings and loan association is disqualified as a State depository upon making a loan to certain entities doing business in or with the government of Sudan until such time as the United Nations determines that the government of Sudan has taken sufficient and demonstrable steps to end human rights abuses in that nation. Amends the Illinois Pension Code. Prohibits the investment or deposit from the retirement system or pension fund to certain entities doing business in or with the government of Sudan until such time as the United Nations determines that the government of Sudan has taken sufficient and demonstrable steps to end human rights abuses in that nation. Effective immediately.

Senate Committee Amendment No. 1
Deletes reference to:
15 ILCS 520/7.5 new
15 ILCS 520/15
15 ILCS 520/22.5
40 ILCS 5/1-110
Adds reference to:
15 ILCS 520/22.5from Ch. 130, par. 41a
15 ILCS 520/22.6 new
40 ILCS 5/1-110.5 new

Deletes everything after the enacting clause. Amends the Deposit of State Moneys Act. Provides that the State Treasurer may not deposit any funds or otherwise transact any business with any financial institution unless an expressly authorized officer of that financial institution certifies that the financial institution has not, during any time following the effective date, loaned to or invested in certain entities involved with the Republic of Sudan. Amends the Illinois Pension Code. Provides that a fiduciary with respect to a retirement system or pension fund established under that Code shall not, directly or through a fund manager, transact any business with any company unless an expressly authorized officer of that company certifies that the company has not engaged in certain activities concerning the Republic of Sudan. Amends the Uniform Deceptive Trade Practices Act. Provides that any person regulated by the Division of Financial Institutions of the Department of Financial and Professional Regulation or by the United States Securities Exchange Commission engages in a deceptive trade practice when, in the course of his or her business, vocation, or occupation, that person represents that he or she does not support nations that sponsor terrorism, if that person has, at any time following the effective date, issued a credit or loan to, purchased bonds or commercial paper issued by, invested in, agreed to tender goods or services to, or agreed to obtain goods or services from certain nations identified by the United States as a terrorism sponsoring nation or certain entities doing business with those nations. Effective 7 months after becoming law.

 Pension Note (Commission on Gov't Forecasting and Accountability)
 Senate Bill 23 would not have a fiscal impact.

 Fiscal Note (S-AM1) (State Treasurer)
 SB 23, as amended, would have a minimal fiscal impact based on administrative and/or clerical costs associated with the bill's implementation.

Actions 
DateChamber Action
  1/26/2005SenateFiled with Secretary by Sen. Jacqueline Y. Collins; Prefiled on December 1, 2004
  1/26/2005SenateFirst Reading
  1/26/2005SenateReferred to Rules
  2/1/2005SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter
  2/3/2005SenateAssigned to Financial Institutions
  3/2/2005SenateAdded as Chief Co-Sponsor Sen. Peter J. Roskam
  3/3/2005SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  3/9/2005SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins
  3/9/2005SenateSenate Committee Amendment No. 1 Referred to Rules
  3/9/2005SenateSenate Committee Amendment No. 1 Rules Refers to Financial Institutions
  3/10/2005SenateSenate Committee Amendment No. 1 Adopted
  3/10/2005SenateDo Pass as Amended Financial Institutions; 007-000-001
  3/10/2005SenatePlaced on Calendar Order of 2nd Reading March 15, 2005
  3/10/2005SenateFiscal Note Requested by Sen. Larry K. Bomke; as Amended by Committee Amendment No. 1.
  3/10/2005SenatePension Note Requested by Sen. Larry K. Bomke; as Amended by Committee Amendment No. 1.
  3/11/2005SenatePension Note Filed from the Commission on Government Forecasting and Accountability.
  3/15/2005SenateAdded as Chief Co-Sponsor Sen. M. Maggie Crotty
  3/16/2005SenateFiscal Note Filed from Judy Baar Topinka, Treasurer of the State of Illinois
  4/6/2005SenateSecond Reading
  4/6/2005SenatePlaced on Calendar Order of 3rd Reading April 7, 2005
  4/8/2005SenateAdded as Co-Sponsor Sen. Iris Y. Martinez
  4/8/2005SenateAdded as Co-Sponsor Sen. Terry Link
  4/8/2005SenateAdded as Co-Sponsor Sen. James T. Meeks
  4/11/2005SenateAdded as Co-Sponsor Sen. Edward Petka
  4/14/2005SenateAdded as Chief Co-Sponsor Sen. Kwame Raoul
  4/14/2005SenateAdded as Co-Sponsor Sen. Donne E. Trotter
  4/14/2005SenateAdded as Co-Sponsor Sen. Carol Ronen
  4/14/2005SenateThird Reading - Passed; 059-000-000
  4/14/2005HouseArrived in House
  4/14/2005HousePlaced on Calendar Order of First Reading
  4/14/2005HouseChief House Sponsor Rep. Lovana Jones
  4/14/2005HouseAdded Alternate Co-Sponsor Rep. Kenneth Dunkin
  4/14/2005HouseAdded Alternate Co-Sponsor Rep. Constance A. Howard
  4/14/2005HouseAdded Alternate Co-Sponsor Rep. Monique D. Davis
  4/14/2005HouseAdded Alternate Co-Sponsor Rep. Eddie Washington
  4/14/2005HouseFirst Reading
  4/14/2005HouseReferred to Rules Committee
  4/20/2005HouseAssigned to State Government Administration Committee
  4/28/2005HouseAdded Alternate Co-Sponsor Rep. Tom Cross
  5/3/2005HouseAdded Alternate Chief Co-Sponsor Rep. Michelle Chavez
  5/4/2005HouseAdded Alternate Co-Sponsor Rep. Edward J. Acevedo
  5/4/2005HouseDo Pass / Short Debate State Government Administration Committee; 006-000-002
  5/5/2005HousePlaced on Calendar 2nd Reading - Short Debate
  5/10/2005HouseSecond Reading - Short Debate
  5/10/2005HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/11/2005HouseAdded Alternate Co-Sponsor Rep. Charles E. Jefferson
  5/11/2005HouseAdded Alternate Co-Sponsor Rep. Bob Biggins
  5/11/2005HouseAdded Alternate Co-Sponsor Rep. Jack D. Franks
  5/17/2005HouseAdded Alternate Chief Co-Sponsor Rep. Mike Boland
  5/17/2005HouseAdded Alternate Co-Sponsor Rep. Robin Kelly
  5/17/2005HouseAdded Alternate Co-Sponsor Rep. Deborah L. Graham
  5/17/2005HouseAdded Alternate Co-Sponsor Rep. Karen A. Yarbrough
  5/17/2005HouseAdded Alternate Co-Sponsor Rep. Mary E. Flowers
  5/17/2005HouseAdded Alternate Co-Sponsor Rep. David E. Miller
  5/17/2005HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia
  5/17/2005HouseAdded Alternate Co-Sponsor Rep. Terry R. Parke
  5/17/2005HouseAdded Alternate Co-Sponsor Rep. Harry Osterman
  5/17/2005HouseAdded Alternate Co-Sponsor Rep. Arthur L. Turner
  5/17/2005HouseAdded Alternate Co-Sponsor Rep. Barbara Flynn Currie
  5/17/2005HouseThird Reading - Short Debate - Passed 089-023-004
  5/17/2005SenatePassed Both Houses
  5/17/2005HouseAdded Alternate Co-Sponsor Rep. Rosemary Mulligan
  5/18/2005HouseAdded Alternate Co-Sponsor Rep. Wyvetter H. Younge
  6/15/2005SenateSent to the Governor
  6/27/2005SenateGovernor Approved
  6/27/2005SenateEffective Date January 27, 2006
  6/27/2005SenatePublic Act . . . . . . . . . 94-0079

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