Illinois 104th General Assembly Status: Introduced 14 D cosponsors

HB1155      — U OF I-FOSSIL FUEL DIVESTMENT

Last action — Added Co-Sponsor Rep. Ann M. Williams

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

This bill has been introduced in the House. Introduced January 06, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

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 University of Illinois Act. Provides that the Board of Trustees shall direct the University of Illinois System, in addition to the Office of Investments and external investment managers, to not invest the assets of any endowment fund in the stocks, securities, or other obligations of any fossil fuel company or any subsidiary, affiliate, or parent of any fossil fuel company. Provides that this does not preclude the de minimis exposure of any funds held by the endowment fund to the stocks, securities, or other obligations of any fossil fuel company or any subsidiary, affiliate, or parent of any fossil fuel company. Requires the Board of Trustees to direct the University of Illinois System, in addition to the Office of Investments and external investment managers, to not invest in any prime commercial paper or corporate bonds issued by a fossil fuel company. Provides that, beginning one year after the effective date of the amendatory Act, the Board of Trustees, subject to an affirmative determination of prudence and in accordance with sound investment criteria and consistent with its fiduciary obligations, shall direct the University of Illinois System to ensure that any endowment fund does not have any indirect investments; defines "indirect investment". Provides that the Board of Trustees shall direct the University of Illinois System, in addition to the Office of Investments and external investment managers, to adopt updates to its written investment policies, if necessary, to meet the requirements of these provisions and publish a copy of those updated policies within 90 days after the adoption of the updated policies. Effective immediately.

Bill Text

We don't have the full text on file for this bill yet.

Read HB1155 on the official Illinois source →

Action History

  1. Added Co-Sponsor Rep. Ann M. Williams

  2. Added Co-Sponsor Rep. Edgar González, Jr.

  3. Added Chief Co-Sponsor Rep. Carol Ammons

  4. Added Co-Sponsor Rep. Maura Hirschauer

  5. Added Co-Sponsor Rep. Dagmara Avelar

  6. Added Co-Sponsor Rep. Diane Blair-Sherlock

  7. Added Co-Sponsor Rep. Nabeela Syed

  8. Added Co-Sponsor Rep. Anne Stava

  9. Added Co-Sponsor Rep. Laura Faver Dias

  10. Added Co-Sponsor Rep. Barbara Hernandez

  11. Added Co-Sponsor Rep. Abdelnasser Rashid

  12. Added Co-Sponsor Rep. Joyce Mason

  13. Added Co-Sponsor Rep. Lindsey LaPointe

  14. Referred to Rules Committee

  15. First Reading

  16. Prefiled with Clerk by Rep. Will Guzzardi

Sponsors

Sponsorship breakdown

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1 sponsors · 13 co-sponsors · 169 not signed on

Sponsors (1)

Co-sponsors (13)

Not signed on (169)

169 members have not signed on to this bill.

Show all 169 →

"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

Subjects

environment education
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 HB1155      do?
Amends the University of Illinois Act. Provides that the Board of Trustees shall direct the University of Illinois System, in addition to the Office of Investments and external investment managers, to not invest the assets of any endowment fund in the stocks, securities, or other obligations of any fossil fuel company or any subsidiary, affiliate, or parent of any fossil fuel company. Provides that this does not preclude the de minimis exposure of any funds held by the endowment fund to the stocks, securities, or other obligations of any fossil fuel company or any subsidiary, affiliate, or parent of any fossil fuel company. Requires the Board of Trustees to direct the University of Illinois System, in addition to the Office of Investments and external investment managers, to not invest in any prime commercial paper or corporate bonds issued by a fossil fuel company. Provides that, beginning one year after the effective date of the amendatory Act, the Board of Trustees, subject to an affirmative determination of prudence and in accordance with sound investment criteria and consistent with its fiduciary obligations, shall direct the University of Illinois System to ensure that any endowment fund does not have any indirect investments; defines "indirect investment". Provides that the Board of Trustees shall direct the University of Illinois System, in addition to the Office of Investments and external investment managers, to adopt updates to its written investment policies, if necessary, to meet the requirements of these provisions and publish a copy of those updated policies within 90 days after the adoption of the updated policies. Effective immediately.
Who sponsors HB1155     ?
HB1155      is sponsored by Will Guzzardi (Democrat), Carol Ammons (Democrat), Lindsey LaPointe (Democrat), Joyce Mason (Democrat), Abdelnasser Rashid (Democrat), Barbara Hernandez (Democrat), Laura Faver Dias (Democrat), Anne Stava (Democrat), Nabeela Syed (Democrat), Diane Blair-Sherlock (Democrat), Dagmara Avelar (Democrat), Maura Hirschauer (Democrat), Edgar González, Jr. (Democrat), and Ann M. Williams (Democrat).
What is the current status of HB1155     ?
This bill has been introduced in the House. Introduced January 06, 2025. It must pass committee before a floor vote.
Where can I track HB1155     ?
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Last checked for changes 4 months ago · updated continuously

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