Bill Title: Amends the General Provisions Article of the Illinois Pension Code. Requires a consultant to annually disclose to the board of the retirement system, board of the pension fund, or the investment board that retains the consultant certain information concerning searches for investment services from minority owned businesses, female owned businesses, and businesses owned by persons with a disability. Requires a consultant to disclose any compensation or economic opportunity received in the last 24 months from investment advisors retained by the board of a retirement system, board of a pension fund, or investment board. Requires consideration of these disclosures before awarding a contract for consulting services. Effective immediately.

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Passed) 2017-11-09 - Public Act . . . . . . . . . 100-0542 [SB1714 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator James Clayborne [D]	Primary	Sponsored Bills	SD-057	FollowTheMoney	Ballotpedia	VoteSmart
Representative Arthur Turner [D]	Primary	Sponsored Bills	HD-009	FollowTheMoney	Ballotpedia	VoteSmart
Representative Carol Ammons [D]	Cosponsor	Sponsored Bills	HD-103	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jaime Andrade [D]	Cosponsor	Sponsored Bills	HD-040	FollowTheMoney	Ballotpedia	VoteSmart
Representative William Davis [D]	Cosponsor	Sponsored Bills	HD-030	FollowTheMoney	Ballotpedia	VoteSmart
Senator Elgie Sims [D]	Cosponsor	Sponsored Bills	SD-017	FollowTheMoney	Ballotpedia	VoteSmart
Representative Melissa Conyears-Ervin [D]	Cosponsor	Sponsored Bills	HD-010	FollowTheMoney	Ballotpedia	VoteSmart

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