Bill Amendment: IL HB2460 | 2019-2020 | 101st General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

---

Bill Title: SUSTAINABLE INVESTING ACT

Status: 2019-08-23 - Public Act . . . . . . . . . 101-0473 [HB2460 Detail]

Download: Illinois-2019-HB2460-Senate_Amendment_001.html

---

Sen. Iris Y. Martinez

Filed: 4/29/2019

10100HB2460sam001 LRB101 10083 RJF 59902 a
AMENDMENT TO HOUSE BILL 2460
AMENDMENT NO. ______. Amend House Bill 2460 as follows:
on page 1, immediately below line 22, by inserting the
following:
""Financial institution" means a bank, savings bank, or
credit union established under the laws of the State of
Illinois, another state, or the United States of America."; and
on page 3, lines 3 and 9, by replacing "shall" each time it
appears with "should"; and
on page 3, by replacing line 13 with "decisions. Such factors
may include, but are not limited to:"; and
on page 3, line 25, after "factors", by inserting "may"; and

10100HB2460sam001 - 2 - LRB101 10083 RJF 59902 a
on page 5, lines 18 and 19, by replacing "bank" each time it
appears with "financial institution"; and
on page 8, line 23, by replacing "and" with "and"; and
on page 8, by replacing line 25 with "interest."; and
by replacing line 26 on page 8 through line 7 on page 9 with the
following:
"(a-5) The investment policy shall include a statement that
material, relevant, and decision-useful sustainability factors
have been or are regularly considered by the agency, within the
bounds of financial and fiduciary prudence, in evaluating
investment decisions. Such factors include, but are not limited
to: (i) corporate governance and leadership factors; (ii)
environmental factors; (iii) social capital factors; (iv)
human capital factors; and (v) business model and innovation
factors, as provided under the Illinois Sustainable Investing
Act."; and
on page 10, by replacing lines 4 through 6 with the following:
"The investment policy shall include a statement that
material, relevant, and decision-useful sustainability factors
have been or are regularly considered by the board, within the

10100HB2460sam001 - 3 - LRB101 10083 RJF 59902 a
bounds of financial and fiduciary prudence, in evaluating
investment decisions. Such factors include, but are".