Illinois 94th Regular Session Status: Enacted 1 D cosponsors

SB 23 — STATE INVESTMENTS-SUDAN

Last action — Public Act . . . . . . . . . 94-0079

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  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 January 26, 2005. Enacted.

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.

  • 22 sponsors

    0 primary, 22 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 Deposit of State Moneys Act. Provides that a bank or savings and loan association is disqualified as a State depository upon making a loan to certain entities doing business in or with the government of Sudan until such time as the United Nations determines that the government of Sudan has taken sufficient and demonstrable steps to end human rights abuses in that nation. Amends the Illinois Pension Code. Prohibits the investment or deposit from the retirement system or pension fund to certain entities doing business in or with the government of Sudan until such time as the United Nations determines that the government of Sudan has taken sufficient and demonstrable steps to end human rights abuses in that nation. Effective immediately.

Bill Text

What changed in the latest version

10 added · 10 removed

Plain-language change summary

In the latest version of Bill SB 23, the label has changed from "Engrossed" to "Enrolled," which signifies a progression in the legislative process. This change indicates that the bill has passed all necessary votes and is now finalized for enactment. It matters because it shows that the bill is one step closer to becoming law, reflecting the conclusion of legislative discussions.

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Latest
SB0023 Engrossed LRB094 03731 BDD 33740 b AN ACT concerning State government, which may be cited as the Act to End Atrocities and Terrorism in the Sudan.
SB0023 Enrolled LRB094 03731 BDD 33740 b AN ACT concerning State government, which may be cited as the Act to End Atrocities and Terrorism in the Sudan.
The State Treasurer may, with the approval of the Governor, invest or reinvest any State money in the treasury that is not needed for current expenditure due or about to become due, or any money in the State Treasury that has been set aside and SB0023 Engrossed - 2 - LRB094 03731 BDD 33740 b held for the payment of the principal of and the interest on any State bonds, in shares, withdrawable accounts, and investment certificates of savings and building and loan associations, incorporated under the laws of this State or any other state or under the laws of the United States;
The State Treasurer may, with the approval of the Governor, invest or reinvest any State money in the treasury that is not needed for current expenditure due or about to become due, or any money in the State Treasury that has been set aside and SB0023 Enrolled - 2 - LRB094 03731 BDD 33740 b held for the payment of the principal of and the interest on any State bonds, in shares, withdrawable accounts, and investment certificates of savings and building and loan associations, incorporated under the laws of this State or any other state or under the laws of the United States;
The State Treasurer may, with the approval of the Governor, invest or reinvest any State money in the Treasury which is not SB0023 Engrossed - 3 - LRB094 03731 BDD 33740 b needed for current expenditure, due or about to become due, or any money in the State Treasury which has been set aside and held for the payment of the principal of and the interest on any State bonds, in participations in loans, the principal of which participation is fully guaranteed by an agency or instrumentality of the United States government;
The State Treasurer may, with the approval of the Governor, invest or reinvest any State money in the Treasury which is not SB0023 Enrolled - 3 - LRB094 03731 BDD 33740 b needed for current expenditure, due or about to become due, or any money in the State Treasury which has been set aside and held for the payment of the principal of and the interest on any State bonds, in participations in loans, the principal of which participation is fully guaranteed by an agency or instrumentality of the United States government;
(3) Interest-bearing savings accounts, interest-bearing certificates of deposit, interest-bearing SB0023 Engrossed - 4 - LRB094 03731 BDD 33740 b time deposits, or any other investments constituting direct obligations of any bank as defined by the Illinois Banking Act.
(3) Interest-bearing savings accounts, interest-bearing certificates of deposit, interest-bearing SB0023 Enrolled - 4 - LRB094 03731 BDD 33740 b time deposits, or any other investments constituting direct obligations of any bank as defined by the Illinois Banking Act.
(9) The Public Treasurers’ Investment Pool created SB0023 Engrossed - 5 - LRB094 03731 BDD 33740 b under Section 17 of the State Treasurer Act or in a fund managed, operated, and administered by a bank.
(9) The Public Treasurers’ Investment Pool created SB0023 Enrolled - 5 - LRB094 03731 BDD 33740 b under Section 17 of the State Treasurer Act or in a fund managed, operated, and administered by a bank.
(a) Notwithstanding any other provision of law, the State Treasurer shall not deposit any funds into or otherwise contract with any financial institution unless an expressly authorized officer of that financial institution annually SB0023 Engrossed - 6 - LRB094 03731 BDD 33740 b certifies, in the manner and form established by the Treasurer, that the financial institution has implemented policies and practices that require loan applicants to certify that they are not forbidden entities.
(a) Notwithstanding any other provision of law, the State Treasurer shall not deposit any funds into or otherwise contract with any financial institution unless an expressly authorized officer of that financial institution annually SB0023 Enrolled - 6 - LRB094 03731 BDD 33740 b certifies, in the manner and form established by the Treasurer, that the financial institution has implemented policies and practices that require loan applicants to certify that they are not forbidden entities.
and (5) Any company who has failed to certify under oath that it does not own or control any property or asset SB0023 Engrossed - 7 - LRB094 03731 BDD 33740 b located in, have employees or facilities located in, provide goods or services to, obtain goods or services from, have distribution agreements with, issue credits or loans to, purchase bonds or commercial paper issued by, or invest in (i) the Republic of the Sudan;
and (5) Any company who has failed to certify under oath that it does not own or control any property or asset SB0023 Enrolled - 7 - LRB094 03731 BDD 33740 b located in, have employees or facilities located in, provide goods or services to, obtain goods or services from, have distribution agreements with, issue credits or loans to, purchase bonds or commercial paper issued by, or invest in (i) the Republic of the Sudan;
(a) A fiduciary of a retirement system or pension fund established under this Code shall not transfer or disburse funds to, deposit into, acquire any bonds or commercial paper SB0023 Engrossed - 8 - LRB094 03731 BDD 33740 b from, or otherwise loan to or invest in any entity unless the company charged with managing the assets of the retirement system or pension fund, at no additional cost to the fiduciary, certifies to the fiduciary, in the manner and form established by the Treasurer, that:
(a) A fiduciary of a retirement system or pension fund established under this Code shall not transfer or disburse funds to, deposit into, acquire any bonds or commercial paper SB0023 Enrolled - 8 - LRB094 03731 BDD 33740 b from, or otherwise loan to or invest in any entity unless the company charged with managing the assets of the retirement system or pension fund, at no additional cost to the fiduciary, certifies to the fiduciary, in the manner and form established by the Treasurer, that:
(3) Any company (i) that is established or organized under SB0023 Engrossed - 9 - LRB094 03731 BDD 33740 b the laws of the Republic of the Sudan;
(3) Any company (i) that is established or organized under SB0023 Enrolled - 9 - LRB094 03731 BDD 33740 b the laws of the Republic of the Sudan;
SB0023 Engrossed - 10 - LRB094 03731 BDD 33740 b (c) In addition to any other penalties and remedies available under the law of Illinois and the United States, any transaction that violates the provisions of this Act shall be void or voidable, at the sole discretion of the fiduciary.
SB0023 Enrolled - 10 - LRB094 03731 BDD 33740 b (c) In addition to any other penalties and remedies available under the law of Illinois and the United States, any transaction that violates the provisions of this Act shall be void or voidable, at the sole discretion of the fiduciary.
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Action History

  1. Public Act . . . . . . . . . 94-0079

  2. Effective Date January 27, 2006

  3. Governor Approved

  4. Sent to the Governor

  5. Added Alternate Co-Sponsor Rep. Wyvetter H. Younge

  6. Added Alternate Co-Sponsor Rep. Rosemary Mulligan

  7. Passed Both Houses

  8. Third Reading - Short Debate - Passed 089-023-004

  9. Added Alternate Co-Sponsor Rep. Barbara Flynn Currie

  10. Added Alternate Co-Sponsor Rep. Arthur L. Turner

  11. Added Alternate Co-Sponsor Rep. Harry Osterman

  12. Added Alternate Co-Sponsor Rep. Terry R. Parke

  13. Added Alternate Co-Sponsor Rep. Linda Chapa LaVia

  14. Added Alternate Co-Sponsor Rep. David E. Miller

  15. Added Alternate Co-Sponsor Rep. Mary E. Flowers

  16. Added Alternate Co-Sponsor Rep. Karen A. Yarbrough

  17. Added Alternate Co-Sponsor Rep. Deborah L. Graham

  18. Added Alternate Co-Sponsor Rep. Robin Kelly

  19. Added Alternate Chief Co-Sponsor Rep. Mike Boland

  20. Added Alternate Co-Sponsor Rep. Jack D. Franks

  21. Added Alternate Co-Sponsor Rep. Bob Biggins

  22. Added Alternate Co-Sponsor Rep. Charles E. Jefferson

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

  24. Second Reading - Short Debate

  25. Placed on Calendar 2nd Reading - Short Debate

  26. Do Pass / Short Debate State Government Administration Committee; 006-000-002

  27. Added Alternate Co-Sponsor Rep. Edward J. Acevedo

  28. Added Alternate Chief Co-Sponsor Rep. Michelle Chavez

  29. Added Alternate Co-Sponsor Rep. Tom Cross

  30. Assigned to State Government Administration Committee

  31. Referred to Rules Committee

  32. First Reading

  33. Added Alternate Co-Sponsor Rep. Eddie Washington

  34. Added Alternate Co-Sponsor Rep. Monique D. Davis

  35. Added Alternate Co-Sponsor Rep. Constance A. Howard

  36. Added Alternate Co-Sponsor Rep. Kenneth Dunkin

  37. Chief House Sponsor Rep. Lovana Jones

  38. Placed on Calendar Order of First Reading

  39. Arrived in House

  40. Third Reading - Passed; 059-000-000

  41. Added as Co-Sponsor Sen. Carol Ronen

  42. Added as Co-Sponsor Sen. Donne E. Trotter

  43. Added as Chief Co-Sponsor Sen. Kwame Raoul

  44. Added as Co-Sponsor Sen. Edward Petka

  45. Added as Co-Sponsor Sen. James T. Meeks

  46. Added as Co-Sponsor Sen. Terry Link

  47. Added as Co-Sponsor Sen. Iris Y. Martinez

  48. Placed on Calendar Order of 3rd Reading April 7, 2005

  49. Second Reading

  50. Fiscal Note Filed from Judy Baar Topinka, Treasurer of the State of Illinois

  51. Added as Chief Co-Sponsor Sen. M. Maggie Crotty

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

  53. Pension Note Requested by Sen. Larry K. Bomke; as Amended by Committee Amendment No. 1.

  54. Fiscal Note Requested by Sen. Larry K. Bomke; as Amended by Committee Amendment No. 1.

  55. Placed on Calendar Order of 2nd Reading March 15, 2005

  56. Do Pass as Amended Financial Institutions; 007-000-001

  57. Senate Committee Amendment No. 1 Adopted

  58. Senate Committee Amendment No. 1 Rules Refers to Financial Institutions

  59. Senate Committee Amendment No. 1 Referred to Rules

  60. Senate Committee Amendment No. 1 Filed with Secretary by Sen. Jacqueline Y. Collins

  61. Added as Co-Sponsor Sen. Martin A. Sandoval

  62. Added as Chief Co-Sponsor Sen. Peter J. Roskam

  63. Assigned to Financial Institutions

  64. Added as Chief Co-Sponsor Sen. Mattie Hunter

  65. Referred to Rules

  66. First Reading

  67. Filed with Secretary by Sen. Jacqueline Y. Collins; Prefiled on December 1, 2004

Sponsors

  • Costa Howard · Cosponsor
  • Barbara Flynn Currie · Cosponsor
  • Rosemary Mulligan · Cosponsor
  • Wyvetter H. Younge · Cosponsor
  • Kenneth Dunkin · Cosponsor
  • Monique D. Davis · Cosponsor
  • Eddie Washington · Cosponsor
  • Tom Cross · Cosponsor
  • Edward J. Acevedo · Cosponsor
  • Charles E. Jefferson · Cosponsor
  • Bob Biggins · Cosponsor
  • Jack D. Franks · Cosponsor
  • Robin Kelly · Cosponsor
  • Deborah L. Graham · Cosponsor
  • Karen A. Yarbrough · Cosponsor
  • Mary E. Flowers · Cosponsor
  • David E. Miller · Cosponsor
  • Terry R. Parke · Cosponsor
  • Harry Osterman · Cosponsor
  • Arthur L. Turner · Cosponsor
  • Lakesia Collins · Cosponsor
  • Chapa LaVia · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 22 co-sponsors · 161 not signed on · 2 voted No

Sponsors (0)

None.

Co-sponsors (22)

  • Costa Howard
  • Barbara Flynn Currie
  • Rosemary Mulligan
  • Wyvetter H. Younge
  • Kenneth Dunkin
  • Monique D. Davis
  • Eddie Washington
  • Tom Cross
  • Edward J. Acevedo
  • Charles E. Jefferson
  • Bob Biggins
  • Jack D. Franks
  • Robin Kelly
  • Deborah L. Graham
  • Karen A. Yarbrough
  • Mary E. Flowers
  • David E. Miller
  • Terry R. Parke
  • Harry Osterman
  • Arthur L. Turner
  • Lakesia Collins Democrat
  • Chapa LaVia

Not signed on (161)

161 members have not signed on to this bill.

Show all 161 →

"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 89 Yea · 23 Nay · 6 Other
Party YeaNayPresentNot Voting
Unaffiliated 802105
Democrat 8001
Republican 1200
Total 892306
% of votes cast 75%19%0%5%
How each member voted (118)
Member Party Vote
Sacia — Nay
Saviano — Yea
Schmitz — Not Voting
Schock — Nay
Soto — Yea
Madigan — Yea
Acevedo — Yea
Bassi — Yea
Mathias — Yea
Beaubien — Yea
Beiser — Yea
Bellock — Nay
Berrios — Yea
Biggins — Nay
Mautino — Yea
Black — Nay
Boland — Yea
May — Yea
Bost — Yea
Brauer — Yea
Brosnahan — Yea
Millner — Nay
Coulson — Yea
Eddy — Nay
Mulligan — Yea
Holbrook — Yea
Nekritz — Yea
Jefferson — Yea
Jenisch — Nay
Lang — Yea
McAuliffe — Yea
McCarthy — Yea
Mendoza — Yea
Bailey — Yea
Reitz — Yea
Lyons, Joseph — Yea
Scully — Yea
Sommer — Yea
McGuire — Yea
Bradley, John — Yea
Bradley, Richard — Yea
Brady — Yea
Mitchell, Bill — Yea
Hannig — Yea
Burke — Yea
Mitchell, Jerry — Yea
Dugan — Yea
Dunkin — Yea
Flider — Yea
Flowers — Yea
Franks — Yea
Fritchey — Yea
Froehlich — Yea
Giles — Yea
Gordon — Yea
Graham — Yea
Granberg — Yea
Hamos — Yea
Krause — Yea
Leitch — Nay
Lindner — Not Voting
McKeon — Not Voting
Meyer — Nay
Howard — Yea
Moffitt — Yea
Molaro — Yea
Munson — Yea
Myers — Not Voting
Jones — Yea
Osmond — Nay
Davis, Monique — Yea
Lyons, Eileen — Nay
Phelps — Yea
Pihos — Nay
Tenhouse — Yea
Sullivan — Nay
Watson — Nay
Tryon — Nay
Turner — Yea
Verschoore — Yea
Wait — Nay
Washington — Yea
Winters — Nay
Yarbrough — Yea
Younge — Yea
Chavez — Yea
Churchill — Yea
Colvin — Yea
Cross — Yea
Cultra — Nay
Currie — Yea
D'Amico — Yea
Daniels — Nay
Dunn — Not Voting
Hassert — Yea
Hultgren — Yea
Jakobsson — Yea
Kosel — Yea
Osterman — Yea
Parke — Yea
Patterson — Yea
Poe — Yea
Pritchard — Nay
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 Nay
Chapin Rose Republican Nay
Chris Miller Republican Yea

Official roll call →

Third Reading

Passed 59 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 53000
Democrat 5000
Republican 1000
Total 59000
% of votes cast 100%0%0%0%
How each member voted (59)
Member Party Vote
Sandoval — Yea
Maloney — Yea
Althoff — Yea
Martinez — Yea
Bomke — Yea
Burzynski — Yea
Forby — Yea
Halvorson — Yea
Lauzen — Yea
Link — Yea
Luechtefeld — Yea
Meeks — Yea
Munoz — Yea
Brady — Yea
Schoenberg — Yea
Sullivan, D. — Yea
Shadid — Yea
Sieben — Yea
Sullivan, J. — Yea
Petka — Yea
Silverstein — Yea
Trotter — Yea
Jacobs — Yea
Viverito — Yea
Jones, J. — Yea
Cullerton — Yea
Watson — Yea
Jones, W. — Yea
Wilhelmi — Yea
Winkel — Yea
Demuzio — Yea
Wojcik — Yea
Clayborne — Yea
Cronin — Yea
Crotty — Yea
Dahl — Yea
DeLeo — Yea
Dillard — Yea
Garrett — Yea
Geo-Karis — Yea
Haine — Yea
Hendon — Yea
Pankau — Yea
Peterson — Yea
Radogno — Yea
Raoul — Yea
Rauschenberger — Yea
Righter — Yea
Risinger — Yea
Ronen — Yea
Roskam — Yea
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 civil-rights
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 23 do?
Amends the Deposit of State Moneys Act. Provides that a bank or savings and loan association is disqualified as a State depository upon making a loan to certain entities doing business in or with the government of Sudan until such time as the United Nations determines that the government of Sudan has taken sufficient and demonstrable steps to end human rights abuses in that nation. Amends the Illinois Pension Code. Prohibits the investment or deposit from the retirement system or pension fund to certain entities doing business in or with the government of Sudan until such time as the United Nations determines that the government of Sudan has taken sufficient and demonstrable steps to end human rights abuses in that nation. Effective immediately.
Who sponsors SB 23?
SB 23 is sponsored by Costa Howard, Barbara Flynn Currie, Rosemary Mulligan, Wyvetter H. Younge, Kenneth Dunkin, Monique D. Davis, Eddie Washington, Tom Cross, Edward J. Acevedo, Charles E. Jefferson, Bob Biggins, Jack D. Franks, Robin Kelly, Deborah L. Graham, Karen A. Yarbrough, Mary E. Flowers, David E. Miller, Terry R. Parke, Harry Osterman, Arthur L. Turner, Lakesia Collins (Democrat), and Chapa LaVia.
What is the current status of SB 23?
This bill has been enacted into law. Introduced January 26, 2005. Enacted.
Where can I track SB 23?
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