Illinois 103rd Regular Session Status: Enacted 9 D cosponsors

SB 2152 — PEN CD-INVESTMENT PROXY VOTING

Last action — Public Act . . . . . . . . . 103-0468

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 10, 2023. Enacted.

Signed by Governor JB Pritzker (Democratic) on August 07, 2023.

Prognosis

Likely to advance 82% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 12 sponsors

    2 primary, 10 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (9 D).

  • Cleared a recorded vote

    Passed 5 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Amends the State Universities, Downstate Teachers, and Board of Investment Articles of the Illinois Pension Code. Provides that the State Treasurer shall manage the System's or Investment Board's domestic and international proxy voting activity and execute required ballots on behalf of the System or Investment Board. Requires the State Treasurer to provide the Board of the System or Investment Board with comprehensive proxy voting reports on a quarterly basis and as requested by the Board of the System or Investment Board. Requires the Board of the System and the Investment Board to annually publish a report on its website describing how the Board is considering sustainability factors as defined in the Illinois Sustainable Investing Act and other information. Effective January 1, 2024.

Bill Text

What changed in the latest version

10 added · 10 removed

Plain-language change summary

The latest version of Bill SB 2152 has replaced the previous engrossed lines entirely, indicating that the bill has undergone significant revisions. This change is important because it may reflect new language or provisions that improve clarity, address concerns raised during earlier discussions, or adapt to recent developments. These adjustments could have implications for how the bill will function and impact the affected parties once enacted.

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Latest
SB2152 Engrossed LRB103 30754 RPS 57236 b AN ACT concerning public employee benefits.
SB2152 Enrolled LRB103 30754 RPS 57236 b AN ACT concerning public employee benefits.
(1) the State Treasurer shall provide the Board with (i) comprehensive proxy voting reports on a quarterly basis and as requested by the Board and (ii) access to SB2152 Engrossed - 2 - LRB103 30754 RPS 57236 b communications with its third-party proxy voting service, if any, used in preparing the comprehensive proxy voting reports requested by the Board;
(1) the State Treasurer shall provide the Board with (i) comprehensive proxy voting reports on a quarterly basis and as requested by the Board and (ii) access to SB2152 Enrolled - 2 - LRB103 30754 RPS 57236 b communications with its third-party proxy voting service, if any, used in preparing the comprehensive proxy voting reports requested by the Board;
(g) In order to facilitate the State Treasurer's proxy voting activities under this Section and before the State Treasurer begins proxy voting activities, the State Treasurer SB2152 Engrossed - 3 - LRB103 30754 RPS 57236 b and the Board shall enter into an intergovernmental agreement concerning costs, proxy voting guidance, reports and other documents, and other issues.
(g) In order to facilitate the State Treasurer's proxy voting activities under this Section and before the State Treasurer begins proxy voting activities, the State Treasurer SB2152 Enrolled - 3 - LRB103 30754 RPS 57236 b and the Board shall enter into an intergovernmental agreement concerning costs, proxy voting guidance, reports and other documents, and other issues.
and SB2152 Engrossed - 4 - LRB103 30754 RPS 57236 b (6) include any other information the Board deems necessary.
and SB2152 Enrolled - 4 - LRB103 30754 RPS 57236 b (6) include any other information the Board deems necessary.
(d) The State Treasurer shall act as a fiduciary to the SB2152 Engrossed - 5 - LRB103 30754 RPS 57236 b System with regard to all aspects of the State Treasurer's management of the proxy voting activity as provided under subsection (b).
(d) The State Treasurer shall act as a fiduciary to the SB2152 Enrolled - 5 - LRB103 30754 RPS 57236 b System with regard to all aspects of the State Treasurer's management of the proxy voting activity as provided under subsection (b).
(40 ILCS 5/16-189 new) SB2152 Engrossed - 6 - LRB103 30754 RPS 57236 b Sec.
(40 ILCS 5/16-189 new) SB2152 Enrolled - 6 - LRB103 30754 RPS 57236 b Sec.
To invest, reinvest, exchange and to perform all investment functions with regard to reserves, SB2152 Engrossed - 7 - LRB103 30754 RPS 57236 b funds, assets, securities and moneys which the board is authorized to invest, and to preserve and protect such reserves, funds, assets, securities and moneys, including, but not limited to, authority to vote any stocks, bonds or other securities and to give general or special proxies or powers of attorney with or without power of substitution, except that the authority to vote proxies is subject to Section 22A-113.4.
To invest, reinvest, exchange and to perform all investment functions with regard to reserves, SB2152 Enrolled - 7 - LRB103 30754 RPS 57236 b funds, assets, securities and moneys which the board is authorized to invest, and to preserve and protect such reserves, funds, assets, securities and moneys, including, but not limited to, authority to vote any stocks, bonds or other securities and to give general or special proxies or powers of attorney with or without power of substitution, except that the authority to vote proxies is subject to Section 22A-113.4.
(c) When the State Treasurer is managing any proxy voting SB2152 Engrossed - 8 - LRB103 30754 RPS 57236 b activity in accordance with subsection (b), the following shall apply:
(c) When the State Treasurer is managing any proxy voting SB2152 Enrolled - 8 - LRB103 30754 RPS 57236 b activity in accordance with subsection (b), the following shall apply:
(f) With respect to this Section and with respect to the State Treasurer's management of the proxy voting activity as provided for under subsection (b), the Board, its staff, and the trustees of the Board shall not be liable for any damage or suits where damages are sought for negligent or wrongful acts alleged to have been committed in connection with the management of proxy voting activity as provided for under this SB2152 Engrossed - 9 - LRB103 30754 RPS 57236 b Section.
(f) With respect to this Section and with respect to the State Treasurer's management of the proxy voting activity as provided for under subsection (b), the Board, its staff, and the trustees of the Board shall not be liable for any damage or suits where damages are sought for negligent or wrongful acts alleged to have been committed in connection with the management of proxy voting activity as provided for under this SB2152 Enrolled - 9 - LRB103 30754 RPS 57236 b Section.
(3) disclose how each investment manager serving as a fiduciary to the Board integrates sustainability factors into the investment manager's investment decision-making SB2152 Engrossed - 10 - LRB103 30754 RPS 57236 b process;
(3) disclose how each investment manager serving as a fiduciary to the Board integrates sustainability factors into the investment manager's investment decision-making SB2152 Enrolled - 10 - LRB103 30754 RPS 57236 b process;
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Amendments

3 amendments

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Public Act . . . . . . . . . 103-0468

  2. Effective Date August 4, 2023

  3. Governor Approved

  4. Sent to the Governor

  5. Passed Both Houses

  6. Third Reading - Short Debate - Passed 073-038-001

  7. Added as Co-Sponsor Sen. Napoleon Harris, III

  8. Added Alternate Co-Sponsor Rep. Joyce Mason

  9. Added Alternate Co-Sponsor Rep. Will Guzzardi

  10. Added Alternate Co-Sponsor Rep. Diane Blair-Sherlock

  11. Added Alternate Co-Sponsor Rep. Barbara Hernández

  12. Placed on Calendar Order of 3rd Reading - Short Debate

  13. Second Reading - Short Debate

  14. Placed on Calendar 2nd Reading - Short Debate

  15. Do Pass / Short Debate Personnel & Pensions Committee; 005-003-000

  16. Added Alternate Chief Co-Sponsor Rep. Mary E. Flowers

  17. Added Alternate Co-Sponsor Rep. Jay Hoffman

  18. Assigned to Personnel & Pensions Committee

  19. Added Alternate Co-Sponsor Rep. Marcus C. Evans, Jr.

  20. Referred to Rules Committee

  21. First Reading

  22. Chief House Sponsor Rep. Stephanie A. Kifowit

  23. Arrived in House

  24. Added as Co-Sponsor Sen. Willie Preston

  25. Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)

  26. Third Reading - Passed; 050-005-000

  27. Placed on Calendar Order of 3rd Reading

  28. Senate Floor Amendment No. 3 Adopted; Cunningham

  29. Recalled to Second Reading

  30. Senate Floor Amendment No. 3 Recommend Do Adopt Executive; 013-000-000

  31. Senate Floor Amendment No. 3 Assignments Refers to Executive

  32. Senate Floor Amendment No. 3 Referred to Assignments

  33. Senate Floor Amendment No. 3 Filed with Secretary by Sen. Bill Cunningham

  34. Placed on Calendar Order of 3rd Reading March 29, 2023

  35. Second Reading

  36. Placed on Calendar Order of 2nd Reading March 24, 2023

  37. Do Pass as Amended Executive; 010-001-000

  38. Senate Committee Amendment No. 2 Adopted; Executive

  39. Senate Committee Amendment No. 1 Postponed - Executive

  40. Senate Committee Amendment No. 2 Assignments Refers to Executive

  41. Senate Committee Amendment No. 2 Referred to Assignments

  42. Senate Committee Amendment No. 2 Filed with Secretary by Sen. Bill Cunningham

  43. Rule 2-10 Committee Deadline Established As March 24, 2023

  44. Postponed - Executive

  45. Senate Committee Amendment No. 1 Postponed - Executive

  46. Senate Committee Amendment No. 1 Assignments Refers to Executive

  47. Senate Committee Amendment No. 1 Referred to Assignments

  48. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Bill Cunningham

  49. Added as Co-Sponsor Sen. Mattie Hunter

  50. Assigned to Executive

  51. Referred to Assignments

  52. First Reading

  53. Filed with Secretary by Sen. Bill Cunningham

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

2 sponsors · 10 co-sponsors · 171 not signed on · 39 voted No

Sponsors (2)

Co-sponsors (10)

Not signed on (171)

171 members have not signed on to this bill.

Show all 171 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 73 Yea · 38 Nay · 6 Other
Party YeaNayPresentNot Voting
Democrat 61004
Unaffiliated 11501
Republican 13301
Total 733806
% of votes cast 62%32%0%5%
How each member voted (117)
Member Party Vote
Nichols — Yea
Ortiz — Yea
Burke — Yea
Carroll — Yea
Flowers — Yea
Yednock — Yea
Ozinga — Nay
Caulkins — Nay
Egofske — Nay
Marron — Nay
Frese — Nay
Costa Howard — Yea
Faver Dias — Yea
Hernandez, Lisa — Yea
Ladisch Douglass — Yea
Williams, Jawaharial — Yea
Yang Rohr — Not Voting
Abdelnasser Rashid Democrat Yea
Angelica Guerrero-Cuellar Democrat Yea
Ann M. Williams Democrat Yea
Anna Moeller Democrat Yea
Anne Stava Democrat Yea
Anthony DeLuca Democrat Yea
Barbara Hernandez Democrat Yea
Bob Morgan Democrat Yea
Camille Y. Lilly Democrat Yea
Carol Ammons Democrat Yea
Curtis J. Tarver, II Democrat Yea
Dagmara Avelar Democrat Yea
Daniel Didech Democrat Yea
Dave Vella Democrat Yea
Debbie Meyers-Martin Democrat Yea
Diane Blair-Sherlock Democrat Yea
Edgar González, Jr. Democrat Yea
Emanuel "Chris" Welch Democrat Yea
Eva-Dina Delgado Democrat Yea
Fred Crespo Democrat Yea
Gregg Johnson Democrat Yea
Harry Benton Democrat Yea
Hoan Huynh Democrat Yea
Jaime M. Andrade, Jr. Democrat Yea
Jay Hoffman Democrat Yea
Jehan Gordon-Booth Democrat Yea
Jennifer Gong-Gershowitz Democrat Yea
Joyce Mason Democrat Not Voting
Justin Slaughter Democrat Yea
Kam Buckner Democrat Yea
Katie Stuart Democrat Not Voting
Kelly M. Cassidy Democrat Yea
Kevin John Olickal Democrat Yea
La Shawn K. Ford Democrat Yea
Lakesia Collins Democrat Yea
Lawrence "Larry" Walsh, Jr. Democrat Yea
Lilian Jiménez Democrat Yea
Lindsey LaPointe Democrat Yea
Marcus C. Evans, Jr. Democrat Yea
Margaret Croke Democrat Yea
Mark L. Walker Democrat Yea
Martin J. Moylan Democrat Yea
Mary Beth Canty Democrat Yea
Mary Gill Democrat Yea
Matt Hanson Democrat Yea
Maura Hirschauer Democrat Yea
Maurice A. West, II Democrat Yea
Michael J. Kelly Democrat Yea
Michelle Mussman Democrat Yea
Nabeela Syed Democrat Yea
Natalie A. Manley Democrat Yea
Nicholas K. Smith Democrat Yea
Norma Hernandez Democrat Yea
Rita Mayfield Democrat Yea
Robert "Bob" Rita Democrat Yea
Robyn Gabel Democrat Yea
Sharon Chung Democrat Yea
Sonya M. Harper Democrat Yea
Stephanie A. Kifowit Democrat Yea
Sue Scherer Democrat Yea
Suzanne M. Ness Democrat Yea
Thaddeus Jones Democrat Not Voting
Theresa Mah Democrat Yea
Will Guzzardi Democrat Yea
William "Will" Davis Democrat Not Voting
Adam M. Niemerg Republican Nay
Amy Elik Republican Nay
Amy L. Grant Republican Nay
Blaine Wilhour Republican Nay
Brad Halbrook Republican Nay
Brad Stephens Republican Nay
Bradley Fritts Republican Nay
Charles Meier Republican Nay
Chris Miller Republican Nay
Christopher "C.D." Davidsmeyer Republican Nay
Dan Swanson Republican Nay
Daniel J. Ugaste Republican Nay
Dave Severin Republican Nay
David Friess Republican Nay
Dennis Tipsword Republican Nay
Jackie Haas Republican Nay
Jason R. Bunting Republican Nay
Jed Davis Republican Nay
Jeff Keicher Republican Nay
Jennifer Sanalitro Republican Nay
Joe C. Sosnowski Republican Not Voting
John M. Cabello Republican Nay
Kevin Schmidt Republican Yea
Martin McLaughlin Republican Nay
Michael J. Coffey, Jr. Republican Nay
Norine K. Hammond Republican Nay
Patrick Windhorst Republican Nay
Paul Jacobs Republican Nay
Ryan Spain Republican Nay
Steven Reick Republican Nay
Tom Weber Republican Nay
Tony M. McCombie Republican Nay
Travis Weaver Republican Nay
Wayne A. Rosenthal Republican Nay
William E Hauter Republican Nay

Official roll call →

Third Reading

Passed 50 Yea · 5 Nay · 4 Other
Party YeaNayPresentNot Voting
Democrat 32001
Republican 11501
Unaffiliated 7002
Total 50504
% of votes cast 85%8%0%7%
How each member voted (59)
Member Party Vote
Gillespie — Yea
Bennett — Yea
Harris, N. — Yea
Pacione-Zayas — Yea
Simmons — Yea
Stoller — Not Voting
Glowiak Hilton — Yea
Loughran Cappel — Yea
Van Pelt — Not Voting
Bill Cunningham Democrat Yea
Celina Villanueva Democrat Yea
Christopher Belt Democrat Yea
Cristina Castro Democrat Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Doris Turner Democrat Yea
Elgie R. Sims, Jr. Democrat Yea
Emil Jones, III Democrat Not Voting
Gregg Johnson Democrat Yea
Javier L. Cervantes Democrat Yea
Julie A. Morrison Democrat Yea
Karina Villa Democrat Yea
Kimberly A. Lightford Democrat Yea
Laura Ellman Democrat Yea
Laura Fine Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mary Edly-Allen Democrat Yea
Mattie Hunter Democrat Yea
Michael E. Hastings Democrat Yea
Michael W. Halpin Democrat Yea
Mike Porfirio Democrat Yea
Omar Aquino Democrat Yea
Patrick J. Joyce Democrat Yea
Paul Faraci Democrat Yea
Rachel Ventura Democrat Yea
Ram Villivalam Democrat Yea
Robert F. Martwick Democrat Yea
Robert Peters Democrat Yea
Sara Feigenholtz Democrat Yea
Steve Stadelman Democrat Yea
Willie Preston Democrat Yea
Andrew S. Chesney Republican Nay
Chapin Rose Republican Nay
Craig Wilcox Republican Nay
Dale Fowler Republican Yea
Dan McConchie Republican Nay
Dave Syverson Republican Yea
Donald P. DeWitte Republican Yea
Erica Harriss Republican Yea
Jason Plummer Republican Nay
Jil Tracy Republican Yea
John F. Curran Republican Yea
Neil Anderson Republican Yea
Sally J. Turner Republican Yea
Seth Lewis Republican Yea
Steve McClure Republican Not Voting
Sue Rezin Republican Yea
Terri Bryant Republican Yea

Official roll call →

Executive, Amendment 3

Passed 13 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democrat 8000
Republican 4000
Unaffiliated 1000
Total 13000
% of votes cast 100%0%0%0%
How each member voted (13)
Member Party Vote
Harris III, Napoleon — Yea
Bill Cunningham Democrat Yea
Cristina Castro Democrat Yea
Don Harmon Democrat Yea
Kimberly A. Lightford Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Omar Aquino Democrat Yea
Jil Tracy Republican Yea
John F. Curran Republican Yea
Neil Anderson Republican Yea
Sue Rezin Republican Yea

Official roll call →

Executive

Passed 10 Yea · 1 Nay · 2 Other
Party YeaNayPresentNot Voting
Democrat 8000
Unaffiliated 1000
Republican 1102
Total 10102
% of votes cast 77%8%0%15%
How each member voted (13)
Member Party Vote
Harris III, Napoleon — Yea
Bill Cunningham Democrat Yea
Cristina Castro Democrat Yea
Don Harmon Democrat Yea
Kimberly A. Lightford Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Omar Aquino Democrat Yea
Jil Tracy Republican Not Voting
John F. Curran Republican Not Voting
Neil Anderson Republican Nay
Sue Rezin Republican Yea

Official roll call →

Subjects

finance environment technology
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 2152 do?
Amends the State Universities, Downstate Teachers, and Board of Investment Articles of the Illinois Pension Code. Provides that the State Treasurer shall manage the System's or Investment Board's domestic and international proxy voting activity and execute required ballots on behalf of the System or Investment Board. Requires the State Treasurer to provide the Board of the System or Investment Board with comprehensive proxy voting reports on a quarterly basis and as requested by the Board of the System or Investment Board. Requires the Board of the System and the Investment Board to annually publish a report on its website describing how the Board is considering sustainability factors as defined in the Illinois Sustainable Investing Act and other information. Effective January 1, 2024.
Who sponsors SB 2152?
SB 2152 is sponsored by Bill Cunningham (Democrat), Mattie Hunter (Democrat), Willie Preston (Democrat), Napoleon Harris and III, Stephanie A. Kifowit (Democrat), Mary E. Flowers, Marcus C. Evans, Jr. (Democrat), Jay Hoffman (Democrat), Barbara Hernández, Diane Blair-Sherlock (Democrat), Will Guzzardi (Democrat), and Joyce Mason (Democrat).
What is the current status of SB 2152?
This bill has been enacted into law. Introduced February 10, 2023. Enacted.
Where can I track SB 2152?
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