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