Legislation: batch B — IL IN KS KY LA MA MD ME MI MN

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>

legislation/us/states/il/94th/sb-253.md

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+---
+type: "Bill"
+title: "PEN CD-EMERGING INVESTMENT MGR"
+description: "Amends the Illinois Pension Code. Provides that the maximum value of the investment portfolio that an emerging investment manager manages is $2,000,000,000 (was, $400,000,000). Effective immediately."
+jurisdiction: "us/states/il"
+legislature: "Illinois General Assembly"
+session: "94th"
+identifier: "SB 253"
+citation: "Illinois SB 253 (94th)"
+classification: ["bill"]
+subjects: []
+status: "enacted"
+primary_sponsors: []
+version_count: 3
+action_count: 27
+vote_count: 2
+first_action: "2005-02-03"
+last_action: "2005-08-04"
+source: "openstates"
+source_identifier: "ocd-bill/e46a2b62-ee97-4e23-b9ed-8023c69c942e"
+source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=253&GAID=8&DocTypeID=SB&LegId=15538&SessionID=50&GA=94"
+source_hash: "d77f1583817e52c283ac650fa184d9918d5871bfd51182121397e881572284bc"
+vintage: "2026-07-01"
+source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
+retrieved_at: "2026-07-06"
+confidence: "reported"
+tags: ["legislation", "bill", "us-il"]
+---
+
+# Illinois SB 253 (94th) — PEN CD-EMERGING INVESTMENT MGR
+
+Amends the Illinois Pension Code. Provides that the maximum value of the investment portfolio that an emerging investment manager manages is $2,000,000,000 (was, $400,000,000). Effective immediately.
+
+## Version chain
+
+The bill's text revisions, in order — the diff chain from filing to enrollment.
+
+1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0253&GA=94&SessionId=50&DocTypeId=SB&LegID=15538&DocNum=253&GAID=8&Session=&print=true)
+2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0253eng&GA=94&SessionId=50&DocTypeId=SB&LegID=15538&DocNum=253&GAID=8&Session=&print=true)
+3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09400SB0253enr&GA=94&SessionId=50&DocTypeId=SB&LegID=15538&DocNum=253&GAID=8&Session=&print=true)
+
+## Votes
+
+- Third Reading — **56–0** (pass) · upper
+- Third Reading — **116–0** (pass) · lower
+
+## Sponsors
+
+- Emil Jones, Jr. — primary (person)
+
+## Timeline
+
+The legislative action history — every referral, reading, and vote.
+
+- **2005-02-03** Filed with Secretary by Sen. Emil Jones, Jr. `filing`
+- **2005-02-03** First Reading `reading-1`
+- **2005-02-03** Referred to Rules `referral-committee`
+- **2005-02-17** Assigned to Pensions & Investments `referral-committee`
+- **2005-03-02** Do Pass Pensions & Investments; 010-000-000 `committee-passage`
+- **2005-03-02** Placed on Calendar Order of 2nd Reading March 3, 2005
+- **2005-03-11** Pension Note Filed from the Commission on Government Forecasting and Accountability.
+- **2005-04-11** Second Reading `reading-2`
+- **2005-04-11** Placed on Calendar Order of 3rd Reading April 12, 2005
+- **2005-04-14** Added as Chief Co-Sponsor Sen. Martin A. Sandoval
+- **2005-04-14** Third Reading - Passed; 056-000-000 `reading-3, passage`
+- **2005-04-14** Arrived in House `introduction`
+- **2005-04-14** Placed on Calendar Order of First Reading `reading-1`
+- **2005-04-25** Chief House Sponsor Rep. Robert Rita
+- **2005-04-26** First Reading `reading-1`
+- **2005-04-26** Referred to Rules Committee `referral-committee`
+- **2005-04-27** Assigned to Personnel and Pensions Committee `referral-committee`
+- **2005-05-05** Do Pass / Short Debate Personnel and Pensions Committee; 004-000-000 `committee-passage`
+- **2005-05-05** Placed on Calendar 2nd Reading - Short Debate
+- **2005-05-10** Second Reading - Short Debate `reading-2`
+- **2005-05-10** Placed on Calendar Order of 3rd Reading - Short Debate
+- **2005-05-17** Third Reading - Short Debate - Passed 116-000-000 `reading-3, passage`
+- **2005-05-17** Passed Both Houses
+- **2005-06-15** Sent to the Governor `executive-receipt`
+- **2005-08-04** Governor Approved `executive-signature`
+- **2005-08-04** Effective Date August 4, 2005
+- **2005-08-04** Public Act . . . . . . . . . 94-0471 `became-law`
+
+## Source
+
+OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e46a2b62-ee97-4e23-b9ed-8023c69c942e`. Confidence: reported (aggregated from official Illinois legislature records).
+