Illinois House Bill 2460 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 16-0)
Status: Passed on August 23 2019 - 100% progression
Action: 2019-08-23 - Public Act . . . . . . . . . 101-0473
Text: Latest bill text (Chaptered) [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.

SUSTAINABLE INVESTING ACT

Rep. William Davis [D]	Rep. Debbie Meyers-Martin [D]	Rep. Stephanie Kifowit [D]	Rep. Jonathan Carroll [D]
Rep. Bob Morgan [D]	Rep. Kelly Cassidy [D]	Rep. Theresa Mah [D]	Sen. Celina Villanueva [D]
Rep. Natalie Manley [D]	Rep. Elizabeth Hernandez [D]	Rep. Jawaharial Williams [D]	Sen. Iris Martinez [D]
Sen. Jacqueline Collins [D]	Sen. Mattie Hunter [D]	Sen. Cristina Castro [D]	Sen. Martin Sandoval [D]

2019-05-29 - House - Concurrence in House (Y: 73 N: 42 NV: 1 Abs: 0) [PASS]
2019-05-23 - Senate - Third Reading in Senate (Y: 37 N: 19 NV: 3 Abs: 0) [PASS]
2019-04-04 - House - Third Reading in House (Y: 66 N: 46 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2019-08-23	House	Public Act . . . . . . . . . 101-0473
2019-08-23	House	Effective Date January 1, 2020
2019-08-23	House	Governor Approved
2019-06-27	House	Sent to the Governor
2019-05-29	House	Added Co-Sponsor Rep. Jawaharial Williams
2019-05-29	House	Passed Both Houses
2019-05-29	House	House Concurs
2019-05-29	House	Senate Committee Amendment No. 1 House Concurs 073-042-000
2019-05-28	House	Added Co-Sponsor Rep. Elizabeth Hernandez
2019-05-28	House	Added Co-Sponsor Rep. Natalie A. Manley
2019-05-28	House	Added Chief Co-Sponsor Rep. Stephanie A. Kifowit
2019-05-27	House	Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted State Government Administration Committee; 006-004-000
2019-05-24	House	Senate Committee Amendment No. 1 Motion to Concur Rules Referred to State Government Administration Committee
2019-05-24	House	Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
2019-05-24	House	Senate Committee Amendment No. 1 Motion Filed Concur Rep. William Davis
2019-05-23	House	Placed on Calendar Order of Concurrence Senate Amendment(s) 1
2019-05-23	House	Arrived in House
2019-05-23	Senate	Third Reading - Passed; 037-019-000
2019-05-20	Senate	Added as Alternate Co-Sponsor Sen. Martin A. Sandoval
2019-05-17	Senate	Placed on Calendar Order of 3rd Reading May 20, 2019
2019-05-17	Senate	Second Reading
2019-05-16	Senate	Added as Alternate Co-Sponsor Sen. Cristina Castro
2019-05-09	Senate	Added as Alternate Co-Sponsor Sen. Mattie Hunter
2019-05-01	Senate	Added as Alternate Co-Sponsor Sen. Jacqueline Y. Collins
2019-05-01	Senate	Placed on Calendar Order of 2nd Reading May 2, 2019
2019-05-01	Senate	Do Pass as Amended Financial Institutions; 006-003-000
2019-05-01	Senate	Senate Committee Amendment No. 1 Adopted
2019-04-30	Senate	Senate Committee Amendment No. 1 Assignments Refers to Financial Institutions
2019-04-29	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2019-04-29	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez
2019-04-24	Senate	Assigned to Financial Institutions
2019-04-04	Senate	Referred to Assignments
2019-04-04	Senate	First Reading
2019-04-04	Senate	Chief Senate Sponsor Sen. Iris Y. Martinez
2019-04-04	Senate	Placed on Calendar Order of First Reading
2019-04-04	Senate	Arrive in Senate
2019-04-04	House	Third Reading - Short Debate - Passed 066-046-000
2019-04-04	House	Placed on Calendar Order of 3rd Reading - Short Debate
2019-04-04	House	House Floor Amendment No. 2 Adopted
2019-04-04	House	Held on Calendar Order of Second Reading - Short Debate
2019-04-04	House	House Floor Amendment No. 1 Adopted
2019-04-04	House	Recalled to Second Reading - Short Debate
2019-04-03	House	House Floor Amendment No. 2 Recommends Be Adopted State Government Administration Committee; 007-003-000
2019-04-02	House	House Floor Amendment No. 2 Rules Refers to State Government Administration Committee
2019-03-29	House	House Floor Amendment No. 2 Referred to Rules Committee
2019-03-29	House	House Floor Amendment No. 2 Filed with Clerk by Rep. William Davis
2019-03-29	House	House Floor Amendment No. 1 Recommends Be Adopted State Government Administration Committee; 007-003-000
2019-03-28	House	Added Co-Sponsor Rep. Celina Villanueva
2019-03-28	House	Added Co-Sponsor Rep. Theresa Mah
2019-03-28	House	Added Co-Sponsor Rep. Kelly M. Cassidy
2019-03-21	House	House Floor Amendment No. 1 Rules Refers to State Government Administration Committee
2019-03-20	House	Added Co-Sponsor Rep. Bob Morgan
2019-03-20	House	House Floor Amendment No. 1 Referred to Rules Committee
2019-03-20	House	House Floor Amendment No. 1 Filed with Clerk by Rep. William Davis
2019-03-20	House	Added Co-Sponsor Rep. Jonathan Carroll
2019-03-20	House	Added Chief Co-Sponsor Rep. Debbie Meyers-Martin
2019-03-19	House	Placed on Calendar Order of 3rd Reading - Short Debate
2019-03-19	House	Second Reading - Short Debate
2019-03-15	House	Fiscal Note Filed
2019-03-14	House	State Mandates Fiscal Note Filed
2019-03-11	House	State Mandates Fiscal Note Requested by Rep. Tom Demmer
2019-03-11	House	Fiscal Note Requested by Rep. Tom Demmer
2019-03-07	House	Placed on Calendar 2nd Reading - Short Debate
2019-03-06	House	Do Pass / Short Debate State Government Administration Committee; 006-004-000
2019-02-26	House	Assigned to State Government Administration Committee
2019-02-13	House	Referred to Rules Committee
2019-02-13	House	First Reading
2019-02-13	House	Filed with the Clerk by Rep. William Davis

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=2460&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB2460.htm
Text	https://www.ilga.gov/legislation/101/HB/10100HB2460eng.htm
Text	https://www.ilga.gov/legislation/101/HB/10100HB2460enr.htm
Text	https://www.ilga.gov/legislation/publicacts/101/101-0473.htm
Amendment	https://www.ilga.gov/legislation/101/HB/10100HB2460ham001.htm
Amendment	https://www.ilga.gov/legislation/101/HB/10100HB2460ham002.htm
Amendment	https://www.ilga.gov/legislation/101/HB/10100HB2460sam001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/101/house/10100HB2460_04042019_028000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100HB2460_05232019_011000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/house/10100HB2460sam001_05292019_038000C.pdf