IL SB1656 | 2009-2010 | 96th General Assembly
Status
Sponsorship: Slight Partisan Bill (Republican 2-1)
Status: Introduced on February 19 2009 - 25% progression, died in committee
Action: 2009-04-03 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 19 2009 - 25% progression, died in committee
Action: 2009-04-03 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Governmental Ethics Act. Requires members of the board of any pension fund or retirement system established under the Illinois Pension Code to file a statement of economic interests. Amends the State Officials and Employees Ethics Act. Includes appointed or elected commissioners, trustees, directors, or board members of a board of a State agency, including the boards found in the Illinois Pension Code, in the definition of "employee". Amends the Illinois Pension Code. Makes changes in provisions concerning the definition of "fiduciary", allocation and delegation of fiduciary duties, and prohibited transactions. Adds provisions concerning investment advisers, consultants, and investment services for investment boards, pension funds, and retirement systems other than downstate police and fire pension funds; investment transparency; prohibitions on monetary gain on investments; fraud, prohibitions on gifts; contingent fees; and procurements for pension funds, retirement systems, and investment boards, except downstate police and fire pension funds. Requires the University of Illinois to create the Illinois Fiduciary College for the purpose of education pension fund, retirement system, and investment board members and staffs on ethics.
Title
PENSION ETHICS
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2009-04-03 | Rule 3-9(a) / Re-referred to Assignments | |
| 2009-04-03 | Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments | |
| 2009-04-03 | Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments | |
| 2009-03-13 | Rule 2-10 Committee Deadline Established As April 3, 2009 | |
| 2009-03-12 | Held in Executive; Subcommittee on Ethics | |
| 2009-03-11 | Added as Co-Sponsor Sen. Kirk W. Dillard | |
| 2009-03-06 | Added as Co-Sponsor Sen. Kyle McCarter | |
| 2009-03-06 | To Executive Subcommittee on Ethics | |
| 2009-03-06 | Senate Committee Amendment No. 2 To Executive Subcommittee on Ethics | |
| 2009-03-06 | Senate Committee Amendment No. 1 To Executive Subcommittee on Ethics | |
| 2009-03-05 | Senate Committee Amendment No. 2 Assignments Refers to Executive | |
| 2009-03-05 | Senate Committee Amendment No. 1 Assignments Refers to Executive | |
| 2009-03-04 | Senate Committee Amendment No. 2 Referred to Assignments | |
| 2009-03-04 | Senate Committee Amendment No. 2 Filed with Secretary by Sen. Kwame Raoul | |
| 2009-03-04 | Senate Committee Amendment No. 1 Referred to Assignments | |
| 2009-03-04 | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kwame Raoul | |
| 2009-02-25 | Assigned to Executive | |
| 2009-02-19 | Referred to Assignments | |
| 2009-02-19 | First Reading | |
| 2009-02-19 | Filed with Secretary by Sen. Kwame Raoul |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1656&GAID=10&DocTypeID=SB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/SB/09600SB1656.htm |
