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<xml>
<title>Illinois General Assembly - Bill Status for HB 3592   </title>
<shortdesc>PEN CD-CONFLICT OF INTEREST</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. John A. Fritchey</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/1-110.1 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the General Provisions Article of the Illinois Pension Code. Provides that, in choosing and using investment advisers and investment services, the State Board of Investment and the board of trustees of a pension fund shall be particularly conscious of the potential for conflicts of interest. Provides that the State Board of Investment and the board of trustees of a pension fund may by contract, and the Department of Insurance may by rule, require investment advisers and providers of investment services to declare and report potential conflicts of interest that may affect their fiduciary duties. Effective immediately.</SynopsisText><synopsistitle>Pension Note (Pension Laws Commission)</synopsistitle>
<SynopsisText>The provisions of HB 3592 do not have a fiscal impact.</SynopsisText></synopsis>
<actions>
<statusdate>2/28/2003</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. John A. Fritchey</action>
<statusdate>2/28/2003</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/28/2003</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/5/2003</statusdate><chamber>House</chamber><action>Assigned to Personnel and Pensions Committee</action>
<statusdate>3/11/2003</statusdate><chamber>House</chamber><action>Pension Note Filed</action>
<statusdate>3/13/2003</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

