Illinois House Bill 2782
Session 103rd
Sustainability Disclosures
Became Law
Became Law on Jul 28, 2023
Sponsors
2 Sponsors
Ann M. Williams
Ram Villivalam
First Action
Feb 16, 2023
Latest Action
Jul 28, 2023
Origin Chamber
House
Type
Bill
Bill Number
2782
State
Illinois
Session
103rd
Ann M. Williams
grade
Primary
Ram Villivalam
grade
Primary
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
checkPassed on March 23, 2023
Motion Text
Third Reading
House Roll Call Votes
Yes
Yes
Yes
Canty
Yes
Yes
Coffey
No
Costa Howard
Yes
Yes
Davis, Jed
No
Davis, Will
Yes
Excused
Faver Dias
Yes
Yes
Yes
Hauter
Excused
Hernandez, Barbara
Yes
Hernandez, Lisa
Yes
Hernandez, Norma
Yes
Yes
Didn't Vote
Yes
Excused
Jiménez
Yes
Excused
Johnson
Yes
Excused
Jones
Excused
Yes
Yes
Didn't Vote
Ladisch Douglass
Yes
Absent
Excused
Yes
Yes
Yes
Yes
Rosenthal
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Excused
Tipsword
Yes
Welch
Yes
Williams, Ann
Yes
Williams, Jawaharial
Yes
Yang Rohr
Other
Summary
Amends the Illinois Sustainable Investing Act. Provides that, effective January 1, 2024, every investment manager shall comply with annual disclosure requirements that will require the investment manager to provide a description of the process through which the manager prudently integrates sustainability factors into its investment decision-making, investment analysis, portfolio construction, due diligence, and investment ownership in order to maximize anticipated financial returns, identify and minimize projected risk, and execute its fiduciary duties more effectively. Provides that the investment manager shall provide the annual disclosure to each public agency, pension fund, retirement system, or governmental unit for whom the investment manager is acting as a fiduciary or seeking selection as a fiduciary prior to acting in this capacity and at least annually thereafter. Provides that annual disclosures shall be submitted by January 31st of every year after the effective date of the amendatory Act. Defines "investment manager".
House Floor Amendment No. 1
Removes the requirement that annual disclosures shall be submitted by January 31st of every year. Makes technical changes in the provision concerning annual disclosures.
Introduced
Engrossed
Enrolled
07/28/2023
House
Public Act . . . . . . . . . 103-0324
07/28/2023
House
Effective Date January 1, 2024
07/28/2023
House
Governor Approved
06/22/2023
House
Sent to the Governor
05/25/2023
House
Passed Both Houses
05/25/2023
Senate
Third Reading - Passed; 035-019-000
05/19/2023
Senate
Rule 2-10 Third Reading Deadline Established As May 25, 2023
05/12/2023
Senate
Rule 2-10 Third Reading Deadline Established As May 19, 2023
05/11/2023
Senate
Rule 2-10 Third Reading Deadline Established As May 25, 2023
04/27/2023
Senate
Placed on Calendar Order of 3rd Reading May 2, 2023
04/27/2023
Senate
Second Reading
04/26/2023
Senate
Placed on Calendar Order of 2nd Reading April 27, 2023
04/26/2023
Senate
Do Pass Financial Institutions; 005-003-000
04/12/2023
Senate
Assigned to Financial Institutions
03/27/2023
Senate
Referred to Assignments
03/27/2023
Senate
First Reading
03/27/2023
Senate
Chief Senate Sponsor Sen. Ram Villivalam
03/27/2023
Senate
Placed on Calendar Order of First Reading
03/27/2023
Senate
Arrive in Senate
03/23/2023
House
Third Reading - Short Debate - Passed 079-026-001
03/23/2023
House
Added Co-Sponsor Rep. Katie Stuart
03/23/2023
House
Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
03/23/2023
House
Added Co-Sponsor Rep. Jawaharial Williams
03/22/2023
House
Placed on Calendar Order of 3rd Reading - Short Debate
03/22/2023
House
House Floor Amendment No. 1 Adopted
03/22/2023
House
Second Reading - Short Debate
03/22/2023
House
Added Co-Sponsor Rep. Barbara Hernandez
03/22/2023
House
Added Co-Sponsor Rep. Sonya M. Harper
03/22/2023
House
Added Co-Sponsor Rep. Rita Mayfield
03/22/2023
House
Added Co-Sponsor Rep. Margaret Croke
03/21/2023
House
House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 009-003-000
03/20/2023
House
House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee
03/16/2023
House
Added Chief Co-Sponsor Rep. Eva-Dina Delgado
03/16/2023
House
Added Chief Co-Sponsor Rep. Kelly M. Cassidy
03/16/2023
House
Added Chief Co-Sponsor Rep. Will Guzzardi
03/16/2023
House
Added Chief Co-Sponsor Rep. Laura Faver Dias
03/16/2023
House
House Floor Amendment No. 1 Referred to Rules Committee
03/16/2023
House
House Floor Amendment No. 1 Filed with Clerk by Rep. Ann M. Williams
03/08/2023
House
Placed on Calendar 2nd Reading - Short Debate
03/07/2023
House
Do Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000
02/23/2023
House
Assigned to Financial Institutions and Licensing Committee
02/16/2023
House
Referred to Rules Committee
02/16/2023
House
First Reading
02/16/2023
House
Filed with the Clerk by Rep. Ann M. Williams
Sources
IL Legislature
Record Created
Feb 17, 2023 8:21:27 AM
Record Updated
Apr 12, 2024 4:17:09 AM