Illinois General Assembly - Bill Status for SB1510
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 Bill Status of SB1510  93rd General Assembly

Short Description:  FOIA-EXEMPTIONS

Senate Sponsors
Sen. Don Harmon - Denny Jacobs - Dave Sullivan

House Sponsors
(Rep. Barbara Flynn Currie - JoAnn D. Osmond)

Last Action
DateChamber Action
  3/5/2004SenateBill Dead - Amendatory Veto

Statutes Amended In Order of Appearance
5 ILCS 140/7from Ch. 116, par. 207


Synopsis As Introduced
Amends the Freedom of Information Act. Provides that information held by any State agency, including public pension funds, regarding certain investment information that is considered a trade secret is exempt from inspection and copying. Effective immediately.

Senate Committee Amendment No. 1
Adds reference to:
5 ILCS 140/2

Further amends the Freedom of Information Act. Provides in the definition of "public record" that venture capital and private equity portfolio information and data held by any public body, including public pension funds, shall be considered to be confidential and not a "public record". Exempts from disclosure any venture capital and private equity portfolio information and data held by any public body, including public pension funds (instead of information that is considered a trade secret, including fund-by-fund performance data of private portfolio companies and related partnership agreements). Provides that this exemption shall not be construed to include the aggregate financial performance of a venture capital or private equity firm.

Senate Floor Amendment No. 3
Deletes reference to:
5 ILCS 140/2

Deletes everything. Amends the Freedom of Information Act. Exempts from the Act's inspection and copying requirements certain venture capital and portfolio equity information.

Governor Amendatory Veto Message
Recommends that the exemption not apply to the aggregate financial performance information (instead of "aggregate financial performance") of a venture capital or private equity firm. Recommends that the exemption not apply to the aggregate financial performance information of a fund possessed by a public body.

Actions 
DateChamber Action
  2/20/2003SenateFiled with Secretary by Sen. Denny Jacobs
  2/20/2003SenateFirst Reading
  2/20/2003SenateReferred to Rules
  2/27/2003SenateAssigned to Executive
  3/6/2003SenateHeld in Executive
  3/12/2003SenateChief Sponsor Changed to Sen. Don Harmon
  3/12/2003SenateAdded as Chief Co-Sponsor Sen. Denny Jacobs
  3/12/2003SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Don Harmon
  3/12/2003SenateSenate Committee Amendment No. 1 Referred to Rules
  3/12/2003SenateSenate Committee Amendment No. 1 Rules Refers to Executive
  3/12/2003SenateSenate Committee Amendment No. 1 Adopted
  3/13/2003SenateDo Pass as Amended Executive; 013-000-000
  3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003
  3/18/2003SenateSecond Reading
  3/18/2003SenatePlaced on Calendar Order of 3rd Reading March 19, 2003
  3/19/2003SenateAdded as Co-Sponsor Sen. Peter J. Roskam
  3/19/2003SenateSponsor Removed Sen. Peter J. Roskam
  3/25/2003SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Don Harmon
  3/25/2003SenateSenate Floor Amendment No. 2 Referred to Rules
  3/26/2003SenateSenate Floor Amendment No. 2 Rules Refers to Executive
  3/27/2003SenateSenate Floor Amendment No. 2 Postponed - Executive
  4/1/2003SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Don Harmon
  4/1/2003SenateSenate Floor Amendment No. 3 Referred to Rules
  4/2/2003SenateSenate Floor Amendment No. 3 Rules Refers to Executive
  4/2/2003SenateSenate Floor Amendment No. 3 Be Adopted Executive; 007-000-000
  4/2/2003SenateRecalled to Second Reading
  4/2/2003SenateSenate Floor Amendment No. 3 Adopted; Harmon
  4/2/2003SenatePlaced on Calendar Order of 3rd Reading April 3, 2003
  4/4/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
  4/8/2003SenateAdded as Chief Co-Sponsor Sen. Dave Sullivan
  4/8/2003SenateThird Reading - Passed; 036-019-000
  4/8/2003SenateSenate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
  4/9/2003HouseArrived in House
  4/9/2003HouseChief House Sponsor Rep. Barbara Flynn Currie
  4/9/2003HousePlaced on Calendar Order of First Reading
  4/10/2003HouseFirst Reading
  4/10/2003HouseReferred to Rules Committee
  4/14/2003HouseAssigned to Executive Committee
  5/2/2003HouseCommittee/3rd Reading Deadline Extended-Rule 9(b); May 31, 2003
  6/1/2003HouseRule 19(a) / Re-referred to Rules Committee
  10/28/2003HouseAssigned to Personnel and Pensions Committee
  11/18/2003HouseDo Pass / Short Debate Personnel and Pensions Committee; 005-000-000
  11/18/2003HousePlaced on Calendar 2nd Reading - Short Debate
  11/19/2003HouseSecond Reading - Short Debate
  11/19/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate
  11/20/2003HouseThird Reading - Short Debate - Passed 112-001-000
  11/20/2003SenatePassed Both Houses
  12/19/2003SenateSent to the Governor
  2/17/2004SenateGovernor Amendatory Veto
  2/18/2004SenatePlaced on Calendar Amendatory Veto February 19, 2004
  2/20/2004HouseAdded Alternate Chief Co-Sponsor Rep. JoAnn D. Osmond
  3/5/2004SenateBill Dead - Amendatory Veto

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