HB2460sam001 101ST GENERAL ASSEMBLY

Sen. Iris Y. Martinez

Filed: 4/29/2019

10100HB2460sam001 LRB101 10083 RJF 59902 a

AMENDMENT TO HOUSE BILL 2460

AMENDMENT NO. ______. Amend House Bill 2460 as follows:

on page 1, immediately below line 22, by inserting the following:

""Financial institution" means a bank, savings bank, or credit union established under the laws of the State of Illinois, another state, or the United States of America."; and

on page 3, lines 3 and 9, by replacing "shall" each time it appears with "should"; and

on page 3, by replacing line 13 with "decisions. Such factors may include, but are not limited to:"; and

on page 3, line 25, after "factors", by inserting "may"; and

on page 5, lines 18 and 19, by replacing "bank" each time it appears with "financial institution"; and

on page 8, line 23, by replacing "and" with "and"; and

on page 8, by replacing line 25 with "interest."; and

by replacing line 26 on page 8 through line 7 on page 9 with the following:

"(a-5) The investment policy shall include a statement that material, relevant, and decision-useful sustainability factors have been or are regularly considered by the agency, within the bounds of financial and fiduciary prudence, in evaluating investment decisions. Such factors include, but are not limited to: (i) corporate governance and leadership factors; (ii) environmental factors; (iii) social capital factors; (iv) human capital factors; and (v) business model and innovation factors, as provided under the Illinois Sustainable Investing Act."; and

on page 10, by replacing lines 4 through 6 with the following:

"The investment policy shall include a statement that material, relevant, and decision-useful sustainability factors have been or are regularly considered by the board, within the bounds of financial and fiduciary prudence, in evaluating investment decisions. Such factors include, but are".