Illinois 94th Regular Session Status: Enacted 1 D cosponsors

SB 253 — PEN CD-EMERGING INVESTMENT MGR

Last action — Public Act . . . . . . . . . 94-0471

  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 03, 2005. Enacted.

Prognosis

Likely to advance 72% · 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.

  • 1 sponsor

    0 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

  • Cleared a recorded vote

    Passed 2 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 Illinois Pension Code. Provides that the maximum value of the investment portfolio that an emerging investment manager manages is $2,000,000,000 (was, $400,000,000). Effective immediately.

Bill Text

What changed in the latest version

3 added · 3 removed

Plain-language change summary

The latest version of Bill SB 253 has added three new lines while removing three existing lines from its previous draft. This update likely clarifies or modifies specific provisions of the bill, which can affect how the law operates once enacted. Changes like these are important because they can address concerns raised during earlier discussions or make the text of the law more precise, ensuring that it serves its intended purpose better.

→
Previous
Latest
SB0253 Engrossed LRB094 07452 AMC 37615 b AN ACT concerning public employee benefits.
SB0253 Enrolled LRB094 07452 AMC 37615 b AN ACT concerning public employee benefits.
The SB0253 Engrossed - 2 - LRB094 07452 AMC 37615 b election procedures and qualifications governing the election of trustees shall govern the submission of resolutions for approval under this paragraph, insofar as they may be made applicable.
The SB0253 Enrolled - 2 - LRB094 07452 AMC 37615 b election procedures and qualifications governing the election of trustees shall govern the submission of resolutions for approval under this paragraph, insofar as they may be made applicable.
The report shall identify the emerging investment managers used by the system, the percentage of the system’s assets under the investment control of emerging investment managers, and the actions it has undertaken to increase the use of emerging investment managers, including encouraging other investment managers to use emerging investment managers as subcontractors when the opportunity SB0253 Engrossed - 3 - LRB094 07452 AMC 37615 b arises.
The report shall identify the emerging investment managers used by the system, the percentage of the system’s assets under the investment control of emerging investment managers, and the actions it has undertaken to increase the use of emerging investment managers, including encouraging other investment managers to use emerging investment managers as subcontractors when the opportunity SB0253 Enrolled - 3 - LRB094 07452 AMC 37615 b arises.
⬇ Download PDF
View plain text versions (3)

Action History

  1. Public Act . . . . . . . . . 94-0471

  2. Effective Date August 4, 2005

  3. Governor Approved

  4. Sent to the Governor

  5. Passed Both Houses

  6. Third Reading - Short Debate - Passed 116-000-000

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

  8. Second Reading - Short Debate

  9. Placed on Calendar 2nd Reading - Short Debate

  10. Do Pass / Short Debate Personnel and Pensions Committee; 004-000-000

  11. Assigned to Personnel and Pensions Committee

  12. Referred to Rules Committee

  13. First Reading

  14. Chief House Sponsor Rep. Robert Rita

  15. Placed on Calendar Order of First Reading

  16. Arrived in House

  17. Third Reading - Passed; 056-000-000

  18. Added as Chief Co-Sponsor Sen. Martin A. Sandoval

  19. Placed on Calendar Order of 3rd Reading April 12, 2005

  20. Second Reading

  21. Pension Note Filed from the Commission on Government Forecasting and Accountability.

  22. Placed on Calendar Order of 2nd Reading March 3, 2005

  23. Do Pass Pensions & Investments; 010-000-000

  24. Assigned to Pensions & Investments

  25. Referred to Rules

  26. First Reading

  27. Filed with Secretary by Sen. Emil Jones, Jr.

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"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 116 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 105001
Democrat 8001
Republican 3000
Total 116002
% of votes cast 98%0%0%2%
How each member voted (118)
Member Party Vote
Sacia — Yea
Saviano — Yea
Schmitz — Yea
Schock — Yea
Soto — Yea
Lang — Yea
Madigan — Yea
Acevedo — Yea
Bassi — Yea
Beaubien — Yea
Beiser — Yea
Bellock — Yea
Berrios — Yea
Biggins — Yea
Mautino — Yea
Black — Yea
Boland — Yea
May — Yea
Bost — Yea
Brauer — Yea
Brosnahan — Yea
Millner — Yea
Jefferson — Yea
Jenisch — Yea
Pihos — Yea
Leitch — Yea
Lindner — Yea
Bailey — Yea
Mathias — Yea
McAuliffe — Yea
Lyons, Eileen — Yea
McCarthy — Yea
Mendoza — Yea
Reitz — Yea
Lyons, Joseph — Yea
Meyer — Yea
Moffitt — Yea
Molaro — Yea
Scully — Yea
Sommer — Yea
Tenhouse — Yea
Tryon — Yea
McGuire — Yea
Bradley, John — Yea
Bradley, Richard — Yea
Brady — Yea
Mitchell, Bill — Yea
Hannig — Yea
Burke — Yea
Sullivan — Yea
Mitchell, Jerry — Yea
Chavez — Yea
Dugan — Yea
Dunkin — Yea
Dunn — Yea
Eddy — Yea
Flider — Yea
Flowers — Yea
Franks — Yea
Fritchey — Yea
Froehlich — Yea
Giles — Yea
Gordon — Yea
Graham — Yea
Granberg — Yea
Hamos — Yea
Hassert — Yea
Holbrook — Yea
Krause — Yea
Howard — Yea
Watson — Yea
McKeon — Not Voting
Jones — Yea
Mulligan — Yea
Munson — Yea
Myers — Yea
Davis, Monique — Yea
Nekritz — Yea
Osmond — Yea
Phelps — Yea
Turner — Yea
Verschoore — Yea
Wait — Yea
Washington — Yea
Winters — Yea
Yarbrough — Yea
Younge — Yea
Churchill — Yea
Colvin — Yea
Coulson — Yea
Cross — Yea
Cultra — Yea
Currie — Yea
D'Amico — Yea
Daniels — Yea
Hultgren — Yea
Jakobsson — Yea
Kosel — Yea
Osterman — Yea
Parke — Yea
Patterson — Yea
Poe — Yea
Pritchard — Yea
Reis — Yea
Ryg — Yea
Chapa LaVia — Yea
Eva-Dina Delgado Democrat Yea
Jay Hoffman Democrat Yea
Lakesia Collins Democrat Yea
Michael J. Kelly Democrat Yea
Nicholas K. Smith Democrat Yea
Patrick J. Joyce Democrat Yea
Robert "Bob" Rita Democrat Yea
Sara Feigenholtz Democrat Not Voting
William "Will" Davis Democrat Yea
Brad Stephens Republican Yea
Chapin Rose Republican Yea
Chris Miller Republican Yea

Official roll call →

Third Reading

Passed 56 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 50003
Democrat 5000
Republican 1000
Total 56003
% of votes cast 95%0%0%5%
How each member voted (59)
Member Party Vote
Sandoval — Yea
Shadid — Yea
Luechtefeld — Yea
Althoff — Yea
Bomke — Yea
Burzynski — Yea
Forby — Yea
Geo-Karis — Yea
Halvorson — Yea
Martinez — Yea
Meeks — Yea
Schoenberg — Yea
Garrett — Yea
Lauzen — Yea
Munoz — Yea
Brady — Yea
Link — Yea
Sullivan, D. — Yea
Maloney — Yea
Pankau — Yea
Sullivan, J. — Yea
Peterson — Yea
Sieben — Yea
Jacobs — Yea
Silverstein — Yea
Jones, J. — Yea
Cullerton — Yea
Watson — Yea
Jones, W. — Yea
Trotter — Yea
Demuzio — Yea
Viverito — Yea
Wilhelmi — Yea
Petka — Not Voting
Winkel — Yea
Wojcik — Yea
Clayborne — Yea
Cronin — Yea
Crotty — Yea
Dahl — Yea
DeLeo — Yea
Dillard — Yea
Haine — Yea
Hendon — Yea
Radogno — Yea
Raoul — Yea
Rauschenberger — Not Voting
Righter — Yea
Risinger — Yea
Ronen — Yea
Roskam — Not Voting
Rutherford — Yea
del Valle — Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Yea

Official roll call →

Subjects

finance
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 253 do?
Amends the Illinois Pension Code. Provides that the maximum value of the investment portfolio that an emerging investment manager manages is $2,000,000,000 (was, $400,000,000). Effective immediately.
Who sponsors SB 253?
SB 253 is sponsored by Emil Jones, III (Democrat).
What is the current status of SB 253?
This bill has been enacted into law. Introduced February 03, 2005. Enacted.
Where can I track SB 253?
Track SB 253 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 253

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 253

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →