Bill Status of HB 4011   99th General Assembly

Short Description:  STATE-PROHIBITED TRANSACTIONS

House Sponsors
Rep. Sara Feigenholtz-Michael J. Madigan-Lou Lang-Daniel J. Burke-David McSweeney and Scott Drury

Last Action  View All Actions

DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 500/50-36.5 new
40 ILCS 5/1-110.16 new

Synopsis As Introduced
Amends the Illinois Procurement Code. Prohibits a State agency from entering into a contract subject to the Code with a business that boycotts Israel. Amends the General Provisions Article of the Illinois Pension Code. Requires each of the 5 State-funded retirement systems (or the Illinois State Board of Investment where applicable) to make its best efforts to identify all companies that boycott Israel in which it has direct or indirect holdings and, under certain circumstances, to divest itself of holdings in those companies.

House Floor Amendment No. 2
Replaces everything after the enacting clause. Amends the Illinois Procurement Code. Prohibits a State agency from entering into a contract subject to the Illinois Procurement Code with a business that boycotts Israel. Amends the General Provisions Article of the Illinois Pension Code. Establishes the Illinois Investment Policy Board. Requires the Illinois Investment Policy Board, by April 1, 2016, to make its best efforts to identify all Iran-restricted companies, Sudan-restricted companies, and companies that boycott Israel and to assemble those identified companies into a list of restricted companies. Defines "Iran-restricted company", "Sudan-restricted company", "company that boycotts Israel", and "restricted companies". Requires the Illinois Investment Policy Board to review the list of restricted companies on a quarterly basis. Requires State-funded retirement systems and the Illinois Board of Investment to identify restricted companies in which it owns either direct holdings or indirect holdings and, under certain circumstances, to divest from those restricted companies. Prohibits State-funded retirement systems and the Illinois Board of Investment from acquiring securities of restricted companies. Provides that the cost associated with the activities of the Illinois Investment Policy Board shall be borne by the boards of each pension fund or investment board created under the State Universities, Downstate Teachers, or Investment Board Article. Provides that actions taken in compliance with the amendatory Act are exempt from any conflicting statutory or common law obligations, including fiduciary duties. Provides that beginning January 1, 2016, certain Sections of the Code that prohibit investment in certain companies that do business with the Government of Iran and the Republic of the Sudan shall be administered in accordance with the amendatory Act. Contains a statement of legislative intent. Contains a severability clause. Makes other changes. Effective immediately.

House Floor Amendment No. 3
Deletes reference to:
30 ILCS 500/50-36.5 new

Replaces everything after the enacting clause. Reinserts the provisions of the bill, as amended by House Floor Amendment No. 2, with the following change: removes provisions amending the Illinois Procurement Code that prohibit a State agency from entering into a contract subject to the Illinois Procurement Code with a business that boycotts Israel. Effective immediately.

Actions 
DateChamber Action
  2/27/2015HouseFiled with the Clerk by Rep. Sara Feigenholtz
  2/27/2015HouseFirst Reading
  2/27/2015HouseReferred to Rules Committee
  3/12/2015HouseAssigned to Executive Committee
  3/18/2015HouseDo Pass / Short Debate Executive Committee; 011-000-000
  3/18/2015HousePlaced on Calendar 2nd Reading - Short Debate
  3/25/2015HouseAdded Chief Co-Sponsor Rep. Daniel J. Burke
  3/26/2015HouseAdded Co-Sponsor Rep. Scott Drury
  3/26/2015HouseSecond Reading - Short Debate
  3/26/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/27/2015HouseAdded Chief Co-Sponsor Rep. Michael J. Madigan
  3/27/2015HouseAdded Chief Co-Sponsor Rep. Lou Lang
  4/15/2015HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Sara Feigenholtz
  4/15/2015HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/17/2015HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Sara Feigenholtz
  4/17/2015HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/20/2015HouseHouse Floor Amendment No. 2 Rules Refers to Executive Committee
  4/20/2015HouseHouse Floor Amendment No. 3 Filed with Clerk by Rep. Sara Feigenholtz
  4/20/2015HouseHouse Floor Amendment No. 3 Referred to Rules Committee
  4/20/2015HouseHouse Floor Amendment No. 2 Recommends Be Adopted Executive Committee; 010-000-000
  4/21/2015HouseHouse Floor Amendment No. 3 Recommends Be Adopted Rules Committee; 004-000-000
  4/21/2015HouseRecalled to Second Reading - Short Debate
  4/21/2015HouseHouse Floor Amendment No. 2 Adopted
  4/21/2015HouseHouse Floor Amendment No. 3 Adopted
  4/21/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/22/2015HouseAdded Chief Co-Sponsor Rep. David McSweeney
  4/24/2015HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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