Illinois 104th General Assembly Status: Introduced 13 D cosponsors

SB0130      — PEN CD-DIVEST FOSSIL FUELS

Last action — Added as Co-Sponsor Sen. Javier L. Cervantes

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

This bill has been introduced in the Senate. Introduced January 17, 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 General Provisions Article of the Illinois Pension Code. Provides that the amendatory Act may be referred to as the Fossil Fuel Divestment Act. With regard to the retirement systems established under the General Assembly, State Employees, State Universities, Downstate Teachers, or Judges Article of the Code and the Illinois State Board of Investment, prohibits direct investment of any additional pension assets in the stocks, securities, or other obligations of any fossil fuel company or any subsidiary, affiliate, or parent of a fossil fuel company. Provides that each board of trustees of a pension system shall ensure the pension system does not make further indirect investments unless, upon exercising due diligence, the board of trustees is satisfied that the investment vehicle is unlikely to have more than 2% of its assets invested in fossil fuel companies. Requires pension system trustees to identify the pension system's holdings, whether directly or indirectly invested, including private investments. Requires pension system trustees to identify holdings that are invested in the stocks, securities, equities, fixed income, corporate bonds, prime commercial paper, or other obligations of fossil fuel companies. Requires pension systems to, in accordance with sound investment criteria and consistent with fiduciary obligations, divest any fossil fuel holdings, which must be completed by January 1, 2030. Requires pension systems to adopt an update to their written investment policies if necessary. Requires each pension system to disclose the analytic methods used, if any, in determining the climate-related financial risks posed by its fossil fuel investments (both publicly traded and private investments) and the results of the analysis. Sets forth provisions concerning definitions, de minimis exposure to fossil fuel securities, and annual reporting. Effective immediately.

Bill Text

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

Read SB0130 on the official Illinois source →

Action History

  1. Added as Co-Sponsor Sen. Javier L. Cervantes

  2. Added as Co-Sponsor Sen. Julie A. Morrison

  3. Added as Co-Sponsor Sen. Mattie Hunter

  4. Added as Co-Sponsor Sen. Robert Peters

  5. Added as Co-Sponsor Sen. Emil Jones, III

  6. Added as Co-Sponsor Sen. Paul Faraci

  7. Added as Co-Sponsor Sen. Rachel Ventura

  8. Added as Chief Co-Sponsor Sen. Karina Villa

  9. Added as Chief Co-Sponsor Sen. Mike Simmons

  10. Added as Chief Co-Sponsor Sen. Mary Edly-Allen

  11. Added as Chief Co-Sponsor Sen. Graciela Guzmán

  12. Added as Co-Sponsor Sen. Graciela Guzmán

  13. Added as Co-Sponsor Sen. Sara Feigenholtz

  14. Referred to Assignments

  15. First Reading

  16. Filed with Secretary by Sen. Adriane L. Johnson

Sponsors

Sponsorship breakdown

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1 sponsors · 12 co-sponsors · 170 not signed on

Sponsors (1)

Co-sponsors (12)

Not signed on (170)

170 members have not signed on to this bill.

Show all 170 →

"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

finance environment
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 SB0130      do?
Amends the General Provisions Article of the Illinois Pension Code. Provides that the amendatory Act may be referred to as the Fossil Fuel Divestment Act. With regard to the retirement systems established under the General Assembly, State Employees, State Universities, Downstate Teachers, or Judges Article of the Code and the Illinois State Board of Investment, prohibits direct investment of any additional pension assets in the stocks, securities, or other obligations of any fossil fuel company or any subsidiary, affiliate, or parent of a fossil fuel company. Provides that each board of trustees of a pension system shall ensure the pension system does not make further indirect investments unless, upon exercising due diligence, the board of trustees is satisfied that the investment vehicle is unlikely to have more than 2% of its assets invested in fossil fuel companies. Requires pension system trustees to identify the pension system's holdings, whether directly or indirectly invested, including private investments. Requires pension system trustees to identify holdings that are invested in the stocks, securities, equities, fixed income, corporate bonds, prime commercial paper, or other obligations of fossil fuel companies. Requires pension systems to, in accordance with sound investment criteria and consistent with fiduciary obligations, divest any fossil fuel holdings, which must be completed by January 1, 2030. Requires pension systems to adopt an update to their written investment policies if necessary. Requires each pension system to disclose the analytic methods used, if any, in determining the climate-related financial risks posed by its fossil fuel investments (both publicly traded and private investments) and the results of the analysis. Sets forth provisions concerning definitions, de minimis exposure to fossil fuel securities, and annual reporting. Effective immediately.
Who sponsors SB0130     ?
SB0130      is sponsored by Adriane L. Johnson (Democrat), Graciela Guzmán (Democrat), Mary Edly-Allen (Democrat), Mike Simmons (Democrat), Karina Villa (Democrat), Sara Feigenholtz (Democrat), Rachel Ventura (Democrat), Paul Faraci (Democrat), Emil Jones, III (Democrat), Robert Peters (Democrat), Mattie Hunter (Democrat), Julie A. Morrison (Democrat), and Javier L. Cervantes (Democrat).
What is the current status of SB0130     ?
This bill has been introduced in the Senate. Introduced January 17, 2025. It must pass committee before a floor vote.
Where can I track SB0130     ?
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