Illinois Senate Bill 2152

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 12-0)
Status: Passed on August 7 2023 - 100% progression
Action: 2023-08-07 - Public Act . . . . . . . . . 103-0468
Text: Latest bill text (Chaptered) [HTML]

Reinserts the provisions of the bill as amended by Senate Amendment No. 2 with the following changes. Provides that the State Treasurer, upon the affirmative vote of three-fifths of the Board (instead of upon the request of the Board), shall manage the domestic and international proxy voting activity for shares held directly by the System or Investment Board and execute required ballots on behalf of the System or Investment Board. Provides that the Board's consent may be revoked at any time upon the affirmative vote of a majority of the Board. Requires the State Treasurer to provide access to communications with its third-party proxy voting service, if any, used in preparing the comprehensive proxy voting reports requested by the Board. Authorizes the Board to provide the State Treasurer with guidance for proxy voting, which, if provided, the State Treasurer shall consider when voting. Provides that in order to facilitate the State Treasurer's proxy voting activities and before the State Treasurer begins proxy voting activities, the State Treasurer and the Board shall enter into an intergovernmental agreement concerning costs, proxy voting guidance, reports and other documents, and other issues. Removes language providing that all costs associated with the State Treasurer's management of proxy voting activity shall be borne exclusively by the State Treasurer. Provides that on or before September 1, 2023 (instead of January 1, 2025), and annually thereafter, the Board shall publish its guidelines for voting proxy ballots and a detailed report on its website describing how the Board is considering sustainability factors. Makes other changes. Effective immediately (instead of January 1, 2024).

PEN CD-INVESTMENT PROXY VOTING

Sen. William Cunningham [D]	Sen. Mattie Hunter [D]	Sen. Willie Preston [D]	Sen. Napoleon Harris [D]
Rep. Stephanie Kifowit [D]	Rep. Mary Flowers [D]	Rep. Marcus Evans [D]	Rep. Jay Hoffman [D]
Rep. Barbara Hernandez [D]	Rep. Diane Blair-Sherlock [D]	Rep. Will Guzzardi [D]	Rep. Joyce Mason [D]

2023-05-11 - House - Third Reading in House (Y: 73 N: 38 NV: 1 Abs: 0) [PASS]
2023-03-30 - Senate - Third Reading in Senate (Y: 50 N: 5 NV: 4 Abs: 0) [PASS]

Date	Chamber	Action
2023-08-07	Senate	Public Act . . . . . . . . . 103-0468
2023-08-07	Senate	Effective Date August 4, 2023
2023-08-04	Senate	Governor Approved
2023-06-09	Senate	Sent to the Governor
2023-05-11	Senate	Passed Both Houses
2023-05-11	House	Third Reading - Short Debate - Passed 073-038-001
2023-05-11	Senate	Added as Co-Sponsor Sen. Napoleon Harris, III
2023-05-09	House	Added Alternate Co-Sponsor Rep. Joyce Mason
2023-05-09	House	Added Alternate Co-Sponsor Rep. Will Guzzardi
2023-05-03	House	Added Alternate Co-Sponsor Rep. Diane Blair-Sherlock
2023-05-02	House	Added Alternate Co-Sponsor Rep. Barbara Hernandez
2023-05-02	House	Placed on Calendar Order of 3rd Reading - Short Debate
2023-05-02	House	Second Reading - Short Debate
2023-04-27	House	Placed on Calendar 2nd Reading - Short Debate
2023-04-27	House	Do Pass / Short Debate Personnel & Pensions Committee; 005-003-000
2023-04-20	House	Added Alternate Chief Co-Sponsor Rep. Mary E. Flowers
2023-04-18	House	Added Alternate Co-Sponsor Rep. Jay Hoffman
2023-04-18	House	Assigned to Personnel & Pensions Committee
2023-04-18	House	Added Alternate Co-Sponsor Rep. Marcus C. Evans, Jr.
2023-04-11	House	Referred to Rules Committee
2023-04-11	House	First Reading
2023-03-31	House	Chief House Sponsor Rep. Stephanie A. Kifowit
2023-03-31	House	Arrived in House
2023-03-30	Senate	Added as Co-Sponsor Sen. Willie Preston
2023-03-30	Senate	Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
2023-03-30	Senate	Third Reading - Passed; 050-005-000
2023-03-30	Senate	Placed on Calendar Order of 3rd Reading
2023-03-30	Senate	Senate Floor Amendment No. 3 Adopted; Cunningham
2023-03-30	Senate	Recalled to Second Reading
2023-03-30	Senate	Senate Floor Amendment No. 3 Recommend Do Adopt Executive; 013-000-000
2023-03-29	Senate	Senate Floor Amendment No. 3 Assignments Refers to Executive
2023-03-29	Senate	Senate Floor Amendment No. 3 Referred to Assignments
2023-03-29	Senate	Senate Floor Amendment No. 3 Filed with Secretary by Sen. Bill Cunningham
2023-03-28	Senate	Placed on Calendar Order of 3rd Reading March 29, 2023
2023-03-28	Senate	Second Reading
2023-03-23	Senate	Placed on Calendar Order of 2nd Reading March 24, 2023
2023-03-23	Senate	Do Pass as Amended Executive; 010-001-000
2023-03-22	Senate	Senate Committee Amendment No. 2 Adopted; Executive
2023-03-22	Senate	Senate Committee Amendment No. 1 Postponed - Executive
2023-03-22	Senate	Senate Committee Amendment No. 2 Assignments Refers to Executive
2023-03-22	Senate	Senate Committee Amendment No. 2 Referred to Assignments
2023-03-22	Senate	Senate Committee Amendment No. 2 Filed with Secretary by Sen. Bill Cunningham
2023-03-10	Senate	Rule 2-10 Committee Deadline Established As March 24, 2023
2023-03-09	Senate	Postponed - Executive
2023-03-09	Senate	Senate Committee Amendment No. 1 Postponed - Executive
2023-03-08	Senate	Senate Committee Amendment No. 1 Assignments Refers to Executive
2023-03-07	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2023-03-07	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Bill Cunningham
2023-03-02	Senate	Added as Co-Sponsor Sen. Mattie Hunter
2023-02-28	Senate	Assigned to Executive
2023-02-10	Senate	Referred to Assignments
2023-02-10	Senate	First Reading
2023-02-10	Senate	Filed with Secretary by Sen. Bill Cunningham

Chapter	Article	Section	Citation Type	Statute Text
40	5	15-177.5	New Code	See Bill Text
40	5	16-188	New Code	See Bill Text
40	5	22A-113.4	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2152&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB2152.htm
Text	https://www.ilga.gov/legislation/103/SB/10300SB2152eng.htm
Text	https://www.ilga.gov/legislation/103/SB/10300SB2152enr.htm
Text	https://www.ilga.gov/legislation/publicacts/103/103-0468.htm
Amendment	https://www.ilga.gov/legislation/103/SB/10300SB2152sam001.htm
Amendment	https://www.ilga.gov/legislation/103/SB/10300SB2152sam002.htm
Amendment	https://www.ilga.gov/legislation/103/SB/10300SB2152sam003.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/103/senate/10300SB2152_03302023_076000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/103/house/10300SB2152_05112023_033000T.pdf