Illinois House Bill 2984 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 15-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]

Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Prohibits the investment of State moneys and public funds in certain investments or institutions tied to the Chinese Communist Party or the People's Republic of China. Amends the Procurement Code. Provides that each bid or offer submitted for a State contract shall include a disclosure of whether or not the bidder, offeror, or any of its corporate parents or subsidiaries, within the 24 months before submission of the bid or offer had business operations that involved contracts with or provision of supplies or services to the Chinese Communist Party and certain other companies tied to the Chinese Communist Party. Amends the Illinois Pension Code. Provides that the State-funded retirement systems shall not invest moneys in Chinese Communist Party sovereign debt, Chinese Communist Party-backed securities, any investment instrument issued by an entity that is domiciled or has its principal place of business in the People's Republic of China, or any investment instrument issued by a company that is subject to Chinese Military-Industrial Complex Companies Sanctions. Provides that as soon as practicable, each State-funded retirement system shall instruct its investment advisors to sell, redeem, divest, or withdraw all direct holdings of Chinese Communist Party sovereign debt and direct holdings of Chinese Communist Party-backed securities. Requires the Illinois Investment Policy Board to make its best efforts to identify all companies that are domiciled or have their principal place of business in the People's Republic of China and companies subject to Chinese Military-Industrial Complex Companies Sanctions and to include those companies in the list of restricted companies. Makes other changes. Amends the Board of Higher Education Act. Provides that the Board of Higher Education shall require a public institution of higher education to disclose to the Board any endowment or other donation given to the institution from a source associated with any company that is domiciled or has its principal place of business in the People's Republic of China and is on the list of restricted companies developed by the Illinois Investment Policy Board. Makes other changes.

CHINESE INVESTMENTS PROHIBITED

Rep. Blaine Wilhour [R]	Rep. Brad Halbrook [R]	Rep. Christopher Davidsmeyer [R]	Rep. Joe Sosnowski [R]
Rep. Jeff Keicher [R]	Rep. Charles Meier [R]	Rep. Kevin Schmidt [R]	Rep. Amy Elik [R]
Rep. Randy Frese [R]	Rep. Adam Niemerg [R]	Rep. Dan Caulkins [R]	Rep. Martin McLaughlin [R]
Rep. Amy Grant [R]	Rep. Chris Miller [R]	Rep. Travis Weaver [R]

Date	Chamber	Action
2025-01-07	House	Session Sine Die
2023-09-08	House	Added Co-Sponsor Rep. Travis Weaver
2023-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2023-03-24	House	Placed on Calendar Order of 3rd Reading - Short Debate
2023-03-22	House	Held on Calendar Order of Second Reading - Short Debate
2023-03-22	House	Second Reading - Short Debate
2023-03-16	House	Added Co-Sponsor Rep. Chris Miller
2023-03-09	House	Placed on Calendar 2nd Reading - Short Debate
2023-03-09	House	Do Pass / Short Debate Appropriations-General Services Committee; 010-000-000
2023-03-02	House	Added Co-Sponsor Rep. Amy L. Grant
2023-03-02	House	Added Co-Sponsor Rep. Martin McLaughlin
2023-03-02	House	Added Co-Sponsor Rep. Dan Caulkins
2023-03-02	House	Added Co-Sponsor Rep. Adam M. Niemerg
2023-03-02	House	Removed Co-Sponsor Rep. Brad Halbrook
2023-03-02	House	Added Chief Co-Sponsor Rep. Brad Halbrook
2023-03-02	House	Added Co-Sponsor Rep. Brad Halbrook
2023-03-01	House	Added Co-Sponsor Rep. Randy E. Frese
2023-03-01	House	Added Co-Sponsor Rep. Amy Elik
2023-03-01	House	Added Co-Sponsor Rep. Kevin Schmidt
2023-03-01	House	Added Co-Sponsor Rep. Charles Meier
2023-03-01	House	Added Co-Sponsor Rep. Jeff Keicher
2023-03-01	House	Added Co-Sponsor Rep. Joe C. Sosnowski
2023-03-01	House	Added Co-Sponsor Rep. Christopher "C.D." Davidsmeyer
2023-02-28	House	Assigned to Appropriations-General Services 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. Blaine Wilhour

Chapter	Article	Section	Citation Type	Statute Text
110	205	9.42	Amended Code	Citation Text
15	520	22.10	New Code	See Bill Text
30	235	2.4	New Code	See Bill Text
30	500	50-36.5	New Code	See Bill Text
40	5	1-110.16	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2984&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB2984.htm
Text	https://www.ilga.gov/legislation/103/HB/10300HB2984eng.htm