Bill Text: IL SR1003 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Reaffirms a commitment to oversight and accountability in the management of the State's investments and urges the Illinois Office of the Treasurer to prioritize the well-being and prosperity of all residents above political, partisan, or ESG considerations in all investment decisions. Demands full transparency from the Illinois Office of the Treasurer regarding the rationale behind investment choices to ensure that they are based solely on sound financial principles and the best interests of the people of Illinois. Pledges to diligently investigate any instances where investment decisions appear to have been influenced by political motives and to take appropriate action to safeguard the integrity of the State's financial management practices.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced) 2024-05-22 - Sponsor Removed Sen. Rachel Ventura [SR1003 Detail]

Download: Illinois-2023-SR1003-Introduced.html

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SR1003 LRB103 40787 MST 73647 r
SENATE RESOLUTION
WHEREAS, The Illinois Office of the Treasurer, entrusted
with the stewardship of the State's financial resources, holds
a position of paramount importance in safeguarding and
maximizing the value of investments, which currently stand at
roughly $60 billion; and
WHEREAS, The duties of the state treasurer are to protect
and bolster the State's investment portfolio, implement
savings programs to aid Illinois residents in creating a
better future for themselves, and disburse monies at the call
of the state comptroller; and
WHEREAS, The integration of environmental, social, and
governance (ESG) criteria and underlying principles have
infiltrated the treasurer's investment decision-making
processes; and
WHEREAS, The criteria and principles underlying ESG
investing are inherently susceptible to political and partisan
influence and agendas; and
WHEREAS, The principles of transparency and accountability
serve as cornerstones in ensuring public confidence and trust
in governmental institutions, particularly in matters

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concerning financial management and investment strategies; and
WHEREAS, Recent bipartisan concerns have been raised
regarding the motivations behind certain investment decisions
made by the Illinois Office of the Treasurer, with allegations
suggesting that political considerations may be prioritized
over the best interests of the people of Illinois; and
WHEREAS, It is important to hold accountable those who are
responsible for managing the State's financial resources,
ensuring that investments are made with the sole aim of
benefiting the citizens of Illinois and not influenced by
partisan agendas; and
WHEREAS, The state treasurer bears the responsibility of
assuring economic growth and prosperity within Illinois, and
any deviation from this mandate in favor of political
expediency is unacceptable and undermines the public trust in
the office; therefore, be it
RESOLVED, BY THE SENATE OF THE ONE HUNDRED THIRD GENERAL
ASSEMBLY OF THE STATE OF ILLINOIS, that we reaffirm our
commitment to oversight and accountability in the management
of the State's investments and urge the Illinois Office of the
Treasurer to prioritize the well-being and prosperity of all
residents above political, partisan, or ESG considerations in

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all investment decisions; and be it further
RESOLVED, That we demand full transparency from the
Illinois Office of the Treasurer regarding the rationale
behind investment choices to ensure that they are based solely
on sound financial principles and the best interests of the
people of Illinois; and be it further