Illinois Senate Bill 2062 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

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.

SUSTAINABILITY INVESTING ACT

Sen. Don Harmon [D]

Sen. Scott Bennett [D]

Date	Chamber	Action
2021-01-13	Senate	Session Sine Die
2020-12-01	Senate	Chief Sponsor Changed to Sen. Don Harmon
2019-07-03	Senate	Senate Floor Amendment No. 2 Pursuant to Senate Rule 3-9(b) / Referred to Assignments
2019-04-12	Senate	Rule 3-9(a) / Re-referred to Assignments
2019-04-09	Senate	Placed on Calendar Order of 3rd Reading April 10, 2019
2019-04-09	Senate	Second Reading
2019-04-04	Senate	Senate Floor Amendment No. 2 Postponed - State Government
2019-04-03	Senate	Senate Floor Amendment No. 2 Assignments Refers to State Government
2019-03-29	Senate	Senate Floor Amendment No. 2 Referred to Assignments
2019-03-29	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Iris Y. Martinez
2019-03-20	Senate	Placed on Calendar Order of 2nd Reading March 21, 2019
2019-03-20	Senate	Do Pass as Amended State Government; 009-000-000
2019-03-20	Senate	Senate Committee Amendment No. 1 Adopted
2019-03-19	Senate	Senate Committee Amendment No. 1 Assignments Refers to State Government
2019-03-15	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2019-03-15	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez
2019-03-14	Senate	Added as Co-Sponsor Sen. Scott M. Bennett
2019-03-13	Senate	Postponed - State Government
2019-03-05	Senate	Assigned to State Government
2019-02-15	Senate	Referred to Assignments
2019-02-15	Senate	First Reading
2019-02-15	Senate	Filed with Secretary by Sen. Iris Y. Martinez

Chapter	Article	Section	Citation Type	Statute Text
15	520	22.8	Amended Code	Citation Text
30	235	2.5	Amended Code	Citation Text
40	5	1-113.17	New Code	See Bill Text
40	5	1-113.6	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2062&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB2062.htm
Amendment	https://www.ilga.gov/legislation/101/SB/10100SB2062sam001.htm
Amendment	https://www.ilga.gov/legislation/101/SB/10100SB2062sam002.htm