Illinois General Assembly - Bill Status for HB2248
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 Bill Status of HB2248  98th General Assembly


House Sponsors
Rep. Kathleen Willis

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

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

Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Requires each of the 5 State-funded retirement systems (or the Illinois State Board of Investment where applicable) to make its best efforts to identify all firearm manufacturing companies in which it has direct or indirect holdings and, under certain circumstances, to divest itself of holdings in those companies.

 Pension Note (Government Forecasting & Accountability)
 The Illinois State Board of Investment reports a base market value of $2.5 million in holdings in firearms/ammunition manufacturing companies across five index funds. SURS reports holdings of approximately $122 thousand in firearms manufacturers through passively-managed index funds. TRS did not provide a dollar amount, but they reported that an "extremely small" amount of their trust fund is invested in passively-managed index funds that invest in firearms manufacturers.

DateChamber Action
  2/15/2013HouseFiled with the Clerk by Rep. Kathleen Willis
  2/19/2013HouseFirst Reading
  2/19/2013HouseReferred to Rules Committee
  2/25/2013HouseAssigned to Personnel and Pensions Committee
  3/6/2013HousePension Note Filed
  3/21/2013HouseMotion Do Pass - Lost Personnel and Pensions Committee; 005-005-000
  3/21/2013HouseRemains in Personnel and Pensions Committee
  3/22/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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