Fabio
121 lines
8.9 KiB
Markdown
121 lines
8.9 KiB
Markdown
---
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type: "Bill"
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title: "PEN CD-ECON OPPORTUNITY INVEST"
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description: "Amends the Illinois Pension Code. Provides that it is the public policy of the State of Illinois to encourage the pension funds, and any State agency investing funds on behalf of pension funds, to promote the economy of Illinois through the use of economic opportunity investments to the greatest extent feasible within the bounds of financial and fiduciary prudence. Provides that each pension fund, except pension funds created under the Downstate Police and Firefighters Articles of the Code, shall submit a report to the Governor and the General Assembly by September 1 of each year that identifies the economic opportunity investments made by the fund, the primary location of the business or project, the percentage of the fund's assets in economic opportunity investments, and the actions that the fund has undertaken to increase the use of economic opportunity investments. Requires certain pension funds, and any State agency investing funds on behalf of those pension funds, to make reasonable efforts to invest in economic opportunity investments. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "96th"
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identifier: "HB 2557"
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citation: "Illinois HB 2557 (96th)"
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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: 58
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vote_count: 3
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first_action: "2009-02-20"
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last_action: "2009-08-25"
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source: "openstates"
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source_identifier: "ocd-bill/c965766d-9440-4068-807b-f28fb3569365"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=2557&GAID=10&DocTypeID=HB&LegId=45289&SessionID=76&GA=96"
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source_hash: "fc58ff12b5b2452713abc7843331dfd1e9769ff70f9c1f3343ae131c42c80ff8"
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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 HB 2557 (96th) — PEN CD-ECON OPPORTUNITY INVEST
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Amends the Illinois Pension Code. Provides that it is the public policy of the State of Illinois to encourage the pension funds, and any State agency investing funds on behalf of pension funds, to promote the economy of Illinois through the use of economic opportunity investments to the greatest extent feasible within the bounds of financial and fiduciary prudence. Provides that each pension fund, except pension funds created under the Downstate Police and Firefighters Articles of the Code, shall submit a report to the Governor and the General Assembly by September 1 of each year that identifies the economic opportunity investments made by the fund, the primary location of the business or project, the percentage of the fund's assets in economic opportunity investments, and the actions that the fund has undertaken to increase the use of economic opportunity investments. Requires certain pension funds, and any State agency investing funds on behalf of those pension funds, to make reasonable efforts to invest in economic opportunity investments. 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=09600HB2557&GA=96&SessionId=76&DocTypeId=HB&LegID=45289&DocNum=2557&GAID=10&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB2557eng&GA=96&SessionId=76&DocTypeId=HB&LegID=45289&DocNum=2557&GAID=10&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB2557enr&GA=96&SessionId=76&DocTypeId=HB&LegID=45289&DocNum=2557&GAID=10&Session=&print=true)
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## Votes
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- Third Reading — **59–0** (pass) · upper
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- Third Reading — **116–0** (pass) · lower
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- Concurrence — **117–0** (pass) · lower
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## Sponsors
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- Bill Brady — cosponsor (person)
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- Dan Duffy — cosponsor (person)
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- John E. Bradley — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2009-02-20** Filed with the Clerk by Rep. John E. Bradley `filing`
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- **2009-02-20** First Reading `reading-1`
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- **2009-02-20** Referred to Rules Committee `referral-committee`
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- **2009-02-25** Assigned to Personnel and Pensions Committee `referral-committee`
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- **2009-03-12** Do Pass / Short Debate Personnel and Pensions Committee; 007-000-000 `committee-passage`
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- **2009-03-12** Placed on Calendar 2nd Reading - Short Debate
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- **2009-03-17** Second Reading - Short Debate `reading-2`
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- **2009-03-17** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2009-03-18** Third Reading - Short Debate - Passed 116-000-000 `reading-3, passage`
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- **2009-03-18** Arrive in Senate `introduction`
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- **2009-03-18** Placed on Calendar Order of First Reading `reading-1`
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- **2009-03-18** Chief Senate Sponsor Sen. Ira I. Silverstein
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- **2009-03-18** First Reading `reading-1`
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- **2009-03-18** Referred to Assignments `referral-committee`
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- **2009-04-22** Assigned to Pensions and Investments `referral-committee`
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- **2009-04-27** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein `amendment-introduction`
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- **2009-04-27** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
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- **2009-04-28** Senate Committee Amendment No. 1 Assignments Refers to Pensions and Investments
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- **2009-04-30** Senate Committee Amendment No. 1 Held in Pensions and Investments
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- **2009-04-30** Held in Pensions and Investments
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- **2009-05-05** Senate Committee Amendment No. 2 Filed with Secretary by Sen. Chris Lauzen `amendment-introduction`
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- **2009-05-05** Senate Committee Amendment No. 2 Referred to Assignments `referral-committee`
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- **2009-05-06** Senate Committee Amendment No. 2 Assignments Refers to Pensions and Investments
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- **2009-05-06** Added as Alternate Co-Sponsor Sen. Bill Brady
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- **2009-05-06** Senate Committee Amendment No. 1 Adopted `amendment-passage`
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- **2009-05-07** Senate Committee Amendment No. 2 Held in Pensions and Investments
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- **2009-05-07** Do Pass as Amended Pensions and Investments; 010-000-000 `committee-passage`
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- **2009-05-07** Placed on Calendar Order of 2nd Reading May 12, 2009
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- **2009-05-07** Added as Alternate Co-Sponsor Sen. Dan Duffy
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- **2009-05-08** Senate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments `referral-committee`
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- **2009-05-12** Second Reading `reading-2`
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- **2009-05-12** Placed on Calendar Order of 3rd Reading May 13, 2009
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- **2009-05-13** Senate Floor Amendment No. 3 Filed with Secretary by Sen. Chris Lauzen `amendment-introduction`
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- **2009-05-13** Senate Floor Amendment No. 3 Referred to Assignments `referral-committee`
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- **2009-05-17** Senate Floor Amendment No. 3 Assignments Refers to Pensions and Investments
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- **2009-05-18** Senate Floor Amendment No. 3 Recommend Do Adopt Pensions and Investments; 006-000-000
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- **2009-05-21** Recalled to Second Reading `reading-2`
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- **2009-05-21** Senate Floor Amendment No. 3 Adopted; Lauzen `amendment-passage`
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- **2009-05-21** Placed on Calendar Order of 3rd Reading
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- **2009-05-21** Third Reading - Passed; 059-000-000 `reading-3, passage`
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- **2009-05-21** Senate Committee Amendment No. 2 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
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- **2009-05-21** Arrived in House `introduction`
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- **2009-05-21** Placed on Calendar Order of Concurrence Senate Amendment(s) 1, 3
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- **2009-05-27** Senate Committee Amendment No. 1 Motion Filed Concur Rep. John E. Bradley
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- **2009-05-27** Senate Floor Amendment No. 3 Motion Filed Concur Rep. John E. Bradley
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- **2009-05-27** Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee `referral-committee`
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- **2009-05-27** Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee `referral-committee`
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- **2009-05-28** Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Personnel and Pensions Committee `referral-committee`
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- **2009-05-28** Senate Floor Amendment No. 3 Motion to Concur Rules Referred to Personnel and Pensions Committee `referral-committee`
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- **2009-05-28** Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Personnel and Pensions Committee; 010-000-000
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- **2009-05-28** Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Personnel and Pensions Committee; 010-000-000
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- **2009-05-30** Senate Committee Amendment No. 1 House Concurs 117-000-000
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- **2009-05-30** Senate Floor Amendment No. 3 House Concurs 117-000-000
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- **2009-05-30** Passed Both Houses
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- **2009-06-26** Sent to the Governor `executive-receipt`
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- **2009-08-25** Governor Approved `executive-signature`
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- **2009-08-25** Effective Date August 25, 2009
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- **2009-08-25** Public Act . . . . . . . . . 96-0753 `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/c965766d-9440-4068-807b-f28fb3569365`. Confidence: reported (aggregated from official Illinois legislature records).
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