Bill Status of HB 3769   98th General Assembly

Short Description:  PEN CD-INVESTMT-DERIVATIVES

House Sponsors
Rep. André M. Thapedi

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-110.16 new
30 ILCS 805/8.38 new

Synopsis As Introduced
Amends the Illinois Pension Code. Provides that a retirement system or pension fund may not invest in any funds that trade derivatives in off markets or non-open markets, and if a retirement system or pension fund is investing in such a fund on the effective date, then the retirement system or pension fund must divest the retirement system's interest in the fund within one year after the effective date. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  12/5/2013HouseFiled with the Clerk by Rep. André M. Thapedi
  1/13/2014HouseFirst Reading
  1/13/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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