IL SB1721 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on February 5 2025 - 25% progression, died in committee
Action: 2025-02-05 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 5 2025 - 25% progression, died in committee
Action: 2025-02-05 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Public Funds Investment Act. Provides that any public agency may invest any public funds in broad-based index funds that track the performance of a large group of stocks picked to represent the broader market.
Title
PUBLIC INVESTMENT-INDEX FUND
Sponsors
| Sen. Li Arellano [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-05 | Senate | Referred to Assignments |
| 2025-02-05 | Senate | First Reading |
| 2025-02-05 | Senate | Filed with Secretary by Sen. Li Arellano, Jr. |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 30 | 235 | 2 | Amended Code | Citation Text |
