Illinois General Assembly - Bill Status for HB3722
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 Bill Status of HB3722  96th General Assembly

Short Description:  PENSION ETHICS

House Sponsors
Rep. William D. Burns - Sidney H. Mathias - Lisa M. Dugan - Mike Boland - Jack D. Franks, Robert W. Pritchard, Luis Arroyo, Paul D. Froehlich, Emily McAsey, Careen M. Gordon, Elizabeth Coulson, Linda Chapa LaVia and Ed Sullivan, Jr.

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
5 ILCS 420/4A-101from Ch. 127, par. 604A-101
5 ILCS 420/4A-102from Ch. 127, par. 604A-102
5 ILCS 420/4A-106from Ch. 127, par. 604A-106
5 ILCS 420/4A-107from Ch. 127, par. 604A-107
5 ILCS 430/1-5
40 ILCS 5/1-101.2
40 ILCS 5/1-109.1from Ch. 108 1/2, par. 1-109.1
40 ILCS 5/1-110from Ch. 108 1/2, par. 1-110
40 ILCS 5/1-113.14 new
40 ILCS 5/1-113.15 new
40 ILCS 5/1-113.16 new
40 ILCS 5/1-130 new
40 ILCS 5/1-135 new
40 ILCS 5/1-140 new
40 ILCS 5/1-145 new
40 ILCS 5/1-150 new


Synopsis As Introduced
Amends the Illinois Governmental Ethics Act. Requires members of the board of any pension fund or retirement system established under the Illinois Pension Code to file a statement of economic interests. Amends the State Officials and Employees Ethics Act. Includes appointed or elected commissioners, trustees, directors, or board members of a board of a State agency, including the boards found in the Illinois Pension Code, in the definition of "employee". Amends the Illinois Pension Code. Makes changes in provisions concerning the definition of "fiduciary", allocation and delegation of fiduciary duties, and prohibited transactions. Adds provisions concerning investment advisers, consultants, and investment services for investment boards, pension funds, and retirement systems other than downstate police and fire pension funds; investment transparency; prohibitions on monetary gain on investments; fraud; prohibitions on gifts; contingent fees; and procurements for pension funds, retirement systems, and investment boards, except downstate police and fire pension funds. Requires the University of Illinois to create the Illinois Fiduciary College for the purpose of education pension fund, retirement system, and investment board members and staffs on ethics.

Actions 
DateChamber Action
  2/25/2009HouseFiled with the Clerk by Rep. William D. Burns
  2/25/2009HouseFirst Reading
  2/25/2009HouseReferred to Rules Committee
  3/3/2009HouseAdded Chief Co-Sponsor Rep. Sidney H. Mathias
  3/3/2009HouseAssigned to State Government Administration Committee
  3/11/2009HouseDo Pass / Short Debate State Government Administration Committee; 017-000-000
  3/12/2009HousePlaced on Calendar 2nd Reading - Short Debate
  3/12/2009HouseAdded Chief Co-Sponsor Rep. Lisa M. Dugan
  3/12/2009HouseAdded Chief Co-Sponsor Rep. Mike Boland
  3/12/2009HouseAdded Chief Co-Sponsor Rep. Jack D. Franks
  3/17/2009HouseAdded Co-Sponsor Rep. Robert W. Pritchard
  3/18/2009HouseAdded Co-Sponsor Rep. Luis Arroyo
  3/19/2009HouseAdded Co-Sponsor Rep. Paul D. Froehlich
  3/19/2009HouseAdded Co-Sponsor Rep. Emily McAsey
  3/19/2009HouseAdded Co-Sponsor Rep. Careen M. Gordon
  3/24/2009HouseAdded Co-Sponsor Rep. Elizabeth Coulson
  3/24/2009HouseAdded Co-Sponsor Rep. Linda Chapa LaVia
  3/25/2009HouseAdded Co-Sponsor Rep. Ed Sullivan, Jr.
  4/1/2009HouseSecond Reading - Short Debate
  4/1/2009HouseHeld on Calendar Order of Second Reading - Short Debate
  4/3/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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