Illinois House Bill 2782

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 13-0)
Status: Passed on July 28 2023 - 100% progression
Action: 2023-07-28 - Public Act . . . . . . . . . 103-0324
Text: Latest bill text (Chaptered) [HTML]

Amends the Illinois Sustainable Investing Act. Provides that, effective January 1, 2024, every investment manager shall comply with annual disclosure requirements that will require the investment manager to provide a description of the process through which the manager prudently integrates sustainability factors into its investment decision-making, investment analysis, portfolio construction, due diligence, and investment ownership in order to maximize anticipated financial returns, identify and minimize projected risk, and execute its fiduciary duties more effectively. Provides that the investment manager shall provide the annual disclosure to each public agency, pension fund, retirement system, or governmental unit for whom the investment manager is acting as a fiduciary or seeking selection as a fiduciary prior to acting in this capacity and at least annually thereafter. Provides that annual disclosures shall be submitted by January 31st of every year after the effective date of the amendatory Act. Defines "investment manager".

SUSTAINABILITY DISCLOSURES

Rep. Ann Williams [D]	Rep. Laura Faver Dias [D]	Rep. Will Guzzardi [D]	Rep. Kelly Cassidy [D]
Rep. Eva Dina Delgado [D]	Rep. Margaret Croke [D]	Rep. Rita Mayfield [D]	Rep. Sonya Harper [D]
Rep. Barbara Hernandez [D]	Rep. Jawaharial Williams [D]	Rep. Jaime Andrade [D]	Rep. Katie Stuart [D]
Sen. Ram Villivalam [D]

2023-05-25 - Senate - Third Reading in Senate (Y: 35 N: 19 NV: 5 Abs: 0) [PASS]
2023-03-23 - House - Third Reading in House (Y: 79 N: 26 NV: 3 Abs: 1) [PASS]

Date	Chamber	Action
2023-07-28	House	Public Act . . . . . . . . . 103-0324
2023-07-28	House	Effective Date January 1, 2024
2023-07-28	House	Governor Approved
2023-06-22	House	Sent to the Governor
2023-05-25	House	Passed Both Houses
2023-05-25	Senate	Third Reading - Passed; 035-019-000
2023-05-19	Senate	Rule 2-10 Third Reading Deadline Established As May 25, 2023
2023-05-12	Senate	Rule 2-10 Third Reading Deadline Established As May 19, 2023
2023-05-11	Senate	Rule 2-10 Third Reading Deadline Established As May 25, 2023
2023-04-27	Senate	Placed on Calendar Order of 3rd Reading May 2, 2023
2023-04-27	Senate	Second Reading
2023-04-26	Senate	Placed on Calendar Order of 2nd Reading April 27, 2023
2023-04-26	Senate	Do Pass Financial Institutions; 005-003-000
2023-04-12	Senate	Assigned to Financial Institutions
2023-03-27	Senate	Referred to Assignments
2023-03-27	Senate	First Reading
2023-03-27	Senate	Chief Senate Sponsor Sen. Ram Villivalam
2023-03-27	Senate	Placed on Calendar Order of First Reading
2023-03-27	Senate	Arrive in Senate
2023-03-23	House	Third Reading - Short Debate - Passed 079-026-001
2023-03-23	House	Added Co-Sponsor Rep. Katie Stuart
2023-03-23	House	Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
2023-03-23	House	Added Co-Sponsor Rep. Jawaharial Williams
2023-03-22	House	Placed on Calendar Order of 3rd Reading - Short Debate
2023-03-22	House	House Floor Amendment No. 1 Adopted
2023-03-22	House	Second Reading - Short Debate
2023-03-22	House	Added Co-Sponsor Rep. Barbara Hernandez
2023-03-22	House	Added Co-Sponsor Rep. Sonya M. Harper
2023-03-22	House	Added Co-Sponsor Rep. Rita Mayfield
2023-03-22	House	Added Co-Sponsor Rep. Margaret Croke
2023-03-21	House	House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 009-003-000
2023-03-20	House	House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
2023-03-16	House	Added Chief Co-Sponsor Rep. Eva-Dina Delgado
2023-03-16	House	Added Chief Co-Sponsor Rep. Kelly M. Cassidy
2023-03-16	House	Added Chief Co-Sponsor Rep. Will Guzzardi
2023-03-16	House	Added Chief Co-Sponsor Rep. Laura Faver Dias
2023-03-16	House	House Floor Amendment No. 1 Referred to Rules Committee
2023-03-16	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Ann M. Williams
2023-03-08	House	Placed on Calendar 2nd Reading - Short Debate
2023-03-07	House	Do Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000
2023-02-23	House	Assigned to Financial Institutions and Licensing Committee
2023-02-16	House	Referred to Rules Committee
2023-02-16	House	First Reading
2023-02-16	House	Filed with the Clerk by Rep. Ann M. Williams

Chapter	Article	Section	Citation Type	Statute Text
30	238	10	Amended Code	Citation Text
30	238	20	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2782&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB2782.htm
Text	https://www.ilga.gov/legislation/103/HB/10300HB2782eng.htm
Text	https://www.ilga.gov/legislation/103/HB/10300HB2782enr.htm
Text	https://www.ilga.gov/legislation/publicacts/103/103-0324.htm
Amendment	https://www.ilga.gov/legislation/103/HB/10300HB2782ham001.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/103/house/10300HB2782_03232023_099000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/103/senate/10300HB2782_05252023_001000T.pdf