IL HB5704 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on February 24 2022 - 25% progression, died in committee
Action: 2022-03-10 - Added Co-Sponsor Rep. Thomas M. Bennett
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Prohibits the investment of State money and public funds in any investment instrument that is based in or tied to Russia. Effective immediately.

Tracking Information

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Title

PUBLIC FUNDS INVEST PROHIBIT

Sponsors


History

DateChamberAction
2022-03-10HouseAdded Co-Sponsor Rep. Thomas M. Bennett
2022-03-07HouseAdded Co-Sponsor Rep. Tony McCombie
2022-02-24HouseReferred to Rules Committee
2022-02-24HouseFirst Reading
2022-02-24HouseAdded Chief Co-Sponsor Rep. Dan Brady
2022-02-24HouseFiled with the Clerk by Rep. Jim Durkin

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1552022.7New CodeSee Bill Text
302352.3New CodeSee Bill Text

Illinois State Sources


Bill Comments

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