Illinois 96th Regular Session Status: Passed House

HB 5057 — U OF I-INVESTMENT REVIEW

Last action — Session Sine Die

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

This bill died with 96th Regular Session. It reached “Passed House” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the University of Illinois Exercise of Functions and Duties Law of the Civil Administrative Code of Illinois. Creates an Investment Review Commission within the University, to be appointed by the President. Directs the Commission to review the reliability of the investment rating sources and tools used by agencies of the State, including the Office of the State Treasurer, the Illinois State Board of Investment, and the State-funded retirement systems. Directs the Commission to identify any investment rating sources or tools that it finds to be unreliable for the purposes for which they are being used. Directs the Commission to report its findings and recommendations at least annually to the Governor, the State Treasurer, and the General Assembly. Effective immediately.

Bill Text

What changed in the latest version

2 added · 25 removed

Plain-language change summary

The updated version of HB 5057 adds language that establishes an Investment Review Commission at the University of Illinois while removing specific formatting lines for clarity. This Commission will evaluate the investment rating sources used by the state to ensure they are reliable and will make recommendations to state leaders at least once a year. This change is important because it aims to improve the quality of investment decisions made by the state, which could lead to better financial outcomes for public funds, including retirement systems.

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*LRB09618200EFG33575b* HB5057 96TH GENERAL ASSEMBLY State of Illinois and 2010 HB5057 Introduced 1/25/2010, by Rep.
HB5057 Engrossed LRB096 18200 EFG 33575 b AN ACT concerning State government.
Kevin Joyce SYNOPSIS AS INTRODUCED:
ILCS 355/3000-10 new Amends the University of Illinois Exercise of Functions and Duties Law of the Civil Administrative Code of Illinois.
Creates an Investment Review Commission within the University, to be appointed by the President.
Directs the Commission to review the reliability of the investment rating sources and tools used by agencies of the State, including the Office of the State Treasurer, the Illinois State Board of Investment, and the State-funded retirement systems.
Directs the Commission to identify any investment rating sources or tools that it finds to be unreliable for the purposes for and recommendations at least annually to the Governor, the State Treasurer, and the General Assembly.
Effective immediately.
LRB096 18200 EFG 33575 b FISCAL NOTE ACT MAY APPLY A BILL FOR HB5057 LRB096 18200 EFG 33575 b AN ACT concerning State government.
(b) The Commission shall consist of at least 3 members of HB5057 - 2 - LRB096 18200 EFG 33575 b the University faculty, plus as many other persons as the President of the University may deem appropriate.
(b) The Commission shall consist of at least 3 members of HB5057 Engrossed - 2 - LRB096 18200 EFG 33575 b the University faculty, plus as many other persons as the President of the University may deem appropriate.
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Action History

  1. Session Sine Die

  2. Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 2, 3

  3. Arrived in House

  4. Third Reading - Passed; 052-000-000

  5. 3/5 Vote Required

  6. Placed on Calendar Order of 3rd Reading

  7. Senate Floor Amendment No. 3 Adopted; Cullerton

  8. Senate Floor Amendment No. 2 Adopted; Cullerton

  9. Recalled to Second Reading

  10. Added as Alternate Chief Co-Sponsor Sen. Christine Radogno

  11. Senate Floor Amendment No. 3 Recommend Do Adopt Executive; 010-000-000

  12. Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 010-000-000

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

  14. Senate Floor Amendment No. 3 Referred to Assignments

  15. Senate Floor Amendment No. 3 Filed with Secretary by Sen. John J. Cullerton

  16. Chief Sponsor Changed to Rep. Michael J. Madigan

  17. Senate Floor Amendment No. 2 Assignments Refers to Executive

  18. Senate Floor Amendment No. 2 Referred to Assignments

  19. Senate Floor Amendment No. 2 Filed with Secretary by Sen. John J. Cullerton

  20. Rule 2-10 Committee/3rd Reading Deadline Established As January 11, 2011

  21. Placed on Calendar Order of 3rd Reading November 30, 2010

  22. Approved for Consideration Assignments

  23. Pursuant to Senate Rule 3-9(b) / Referred to Assignments

  24. Placed on Calendar Order of 3rd Reading May 6, 2010

  25. Second Reading

  26. Placed on Calendar Order of 2nd Reading May 5, 2010

  27. Do Pass as Amended Executive; 008-005-000

  28. Senate Committee Amendment No. 1 Adopted

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

  30. Senate Committee Amendment No. 1 Referred to Assignments

  31. Senate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton

  32. Alternate Chief Sponsor Changed to Sen. John J. Cullerton

  33. Rule 2-10 Committee Deadline Established As May 7, 2010

  34. Added as Alternate Chief Co-Sponsor Sen. Mattie Hunter

  35. Re-assigned to Executive

  36. Rule 3-9(a) / Re-referred to Assignments

  37. Added as Alternate Co-Sponsor Sen. Martin A. Sandoval

  38. Postponed - Higher Education

  39. Postponed - Higher Education

  40. Assigned to Higher Education

  41. Referred to Assignments

  42. First Reading

  43. Chief Senate Sponsor Sen. Kwame Raoul

  44. Placed on Calendar Order of First Reading

  45. Arrive in Senate

  46. Third Reading - Short Debate - Passed 102-013-000

  47. Added Chief Co-Sponsor Rep. Monique D. Davis

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

  49. Second Reading - Short Debate

  50. Placed on Calendar 2nd Reading - Short Debate

  51. Do Pass / Short Debate Personnel and Pensions Committee; 010-000-000

  52. Assigned to Personnel and Pensions Committee

  53. Referred to Rules Committee

  54. First Reading

  55. Filed with the Clerk by Rep. Kevin Joyce

Sponsors

  • Michael J. Madigan · Cosponsor
  • Martin A. Sandoval · Cosponsor

Sponsorship breakdown

Export CSV (upgrade) →

0 sponsors · 2 co-sponsors · 181 not signed on · 1 voted No

Sponsors (0)

None.

Co-sponsors (2)

  • Michael J. Madigan
  • Martin A. Sandoval

Not signed on (181)

181 members have not signed on to this bill.

Show all 181 →

"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 52 Yea · 0 Nay · 7 Other
Party YeaNayPresentNot Voting
Unaffiliated 42007
Republican 1000
Democrat 9000
Total 52007
% of votes cast 88%0%0%12%
How each member voted (59)
Member Party Vote
Haine — Yea
Link — Yea
Maloney — Yea
McCarter — Yea
Millner — Yea
Mulroe — Yea
Muñoz — Yea
Silverstein — Yea
Steans — Yea
Brady — Yea
Sullivan — Yea
Jacobs — Yea
Clayborne — Yea
Crotty — Yea
Dahl — Yea
Hendon — Yea
Hutchinson — Yea
Jones, J. — Yea
Demuzio — Yea
Kotowski — Yea
Cullerton — Yea
Meeks — Not Voting
Noland — Yea
Radogno — Yea
Schoenberg — Not Voting
Trotter — Not Voting
Viverito — Yea
Wilhelmi — Yea
Dillard — Yea
Duffy — Yea
Forby — Yea
Garrett — Not Voting
Hultgren — Not Voting
Pankau — Not Voting
Raoul — Not Voting
Righter — Yea
Risinger — Yea
Rutherford — Yea
Sandack — Yea
Sandoval — Yea
Lauzen — Yea
Luechtefeld — Yea
Althoff — Yea
Martinez — Yea
Bivins — Yea
Bomke — Yea
Bond — Yea
Burzynski — Yea
Frerichs — Yea
David Koehler Democrat Yea
Don Harmon Democrat Yea
Emil Jones, III Democrat Yea
Eva-Dina Delgado Democrat Yea
Kimberly A. Lightford Democrat Yea
Lakesia Collins Democrat Yea
Laura M. Murphy Democrat Yea
Linda Holmes Democrat Yea
Mattie Hunter Democrat Yea
Dave Syverson Republican Yea

Official roll call →

Third Reading

Passed 102 Yea · 13 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 881203
Democrat 11000
Republican 3100
Total 1021303
% of votes cast 86%11%0%3%
How each member voted (118)
Member Party Vote
Holbrook — Yea
Jefferson — Yea
Nekritz — Yea
Davis, Monique — Yea
Lang — Yea
Leitch — Yea
Reitz — Yea
Mathias — Yea
McAuliffe — Yea
McCarthy — Yea
Mell — Yea
Moffitt — Yea
Mulligan — Yea
Lyons — Yea
Myers — Yea
Senger — Yea
Thapedi — Yea
Tryon — Yea
Turner — Yea
Verschoore — Yea
Wait — Yea
Bradley — Yea
McGuire — Yea
Brady — Yea
Burke — Yea
Sullivan — Yea
Mitchell, Bill — Yea
Gordon, Jehan — Yea
Hannig — Yea
Cavaletto — Yea
Coladipietro — Yea
Dugan — Yea
Dunkin — Yea
Durkin — Yea
Farnham — Yea
Flider — Yea
Flowers — Yea
Fortner — Yea
Franks — Yea
Fritchey — Yea
Froehlich — Yea
Golar — Yea
Hamos — Yea
Kosel — Yea
Harris — Yea
Madigan — Yea
Watson — Yea
Hernandez — Yea
Mendoza — Not Voting
Phelps — Yea
Pihos — Nay
Howard — Yea
Sommer — Nay
Washington — Yea
Winters — Yea
Yarbrough — Yea
Mitchell, Jerry — Nay
Gordon, Careen — Nay
Zalewski — Yea
Cole — Nay
Colvin — Yea
Connelly — Yea
Coulson — Yea
Cross — Yea
Cultra — Nay
Currie — Not Voting
D'Amico — Yea
Eddy — Nay
Graham — Not Voting
Hatcher — Yea
Jackson — Yea
Jakobsson — Yea
Osmond — Yea
Osterman — Yea
Poe — Nay
Pritchard — Nay
Ramey — Nay
Reboletti — Yea
Reis — Yea
Riley — Yea
Sacia — Yea
Saviano — Yea
Schmitz — Yea
Sente — Yea
Soto — Yea
Acevedo — Yea
Arroyo — Yea
Bassi — Yea
Beaubien — Yea
Beiser — Yea
Bellock — Yea
Berrios — Yea
Biggins — Yea
Mautino — Yea
Black — Nay
Boland — Yea
May — Yea
Bost — Yea
Brauer — Nay
Burns — Yea
Carberry — Yea
McAsey — Yea
Chapa LaVia — Yea
Anthony DeLuca Democrat Yea
Fred Crespo Democrat Yea
Jay Hoffman Democrat Yea
La Shawn K. Ford Democrat Yea
Lakesia Collins Democrat Yea
Mark L. Walker Democrat Yea
Nicholas K. Smith Democrat Yea
Patrick J. Joyce Democrat Yea
Robert "Bob" Rita Democrat Yea
Sara Feigenholtz Democrat Yea
William "Will" Davis Democrat Yea
Brad Stephens Republican Yea
Chapin Rose Republican Nay
Chris Miller Republican Yea
Jil Tracy Republican Yea

Official roll call →

Subjects

finance
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Frequently asked questions

What does HB 5057 do?
Amends the University of Illinois Exercise of Functions and Duties Law of the Civil Administrative Code of Illinois. Creates an Investment Review Commission within the University, to be appointed by the President. Directs the Commission to review the reliability of the investment rating sources and tools used by agencies of the State, including the Office of the State Treasurer, the Illinois State Board of Investment, and the State-funded retirement systems. Directs the Commission to identify any investment rating sources or tools that it finds to be unreliable for the purposes for which they are being used. Directs the Commission to report its findings and recommendations at least annually to the Governor, the State Treasurer, and the General Assembly. Effective immediately.
Who sponsors HB 5057?
HB 5057 is sponsored by Michael J. Madigan and Martin A. Sandoval.
What is the current status of HB 5057?
This bill died with 96th Regular Session. It reached “Passed House” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 5057?
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Last checked for changes 3 months ago · updated continuously

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