Illinois · House Bill 2984 · 103rd General Assembly

CHINESE INVESTMENTS PROHIBITED

HB 2984 Sponsored by Blaine Wilhour Died in committee

  1. Introduced Feb 16, 2023
  2. In committee Feb 16, 2023
  3. Died  
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Prohibits the investment of State moneys and public funds in certain investments or institutions tied to the Chinese Communist Party or the People's Republic of China. Amends the Procurement Code. Provides that each bid or offer submitted for a State contract shall include a disclosure of whether or not the bidder, offeror, or any of its…

Read the full title (346 words)

Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Prohibits the investment of State moneys and public funds in certain investments or institutions tied to the Chinese Communist Party or the People's Republic of China. Amends the Procurement Code. Provides that each bid or offer submitted for a State contract shall include a disclosure of whether or not the bidder, offeror, or any of its corporate parents or subsidiaries, within the 24 months before submission of the bid or offer had business operations that involved contracts with or provision of supplies or services to the Chinese Communist Party and certain other companies tied to the Chinese Communist Party. Amends the Illinois Pension Code. Provides that the State-funded retirement systems shall not invest moneys in Chinese Communist Party sovereign debt, Chinese Communist Party-backed securities, any investment instrument issued by an entity that is domiciled or has its principal place of business in the People's Republic of China, or any investment instrument issued by a company that is subject to Chinese Military-Industrial Complex Companies Sanctions. Provides that as soon as practicable, each State-funded retirement system shall instruct its investment advisors to sell, redeem, divest, or withdraw all direct holdings of Chinese Communist Party sovereign debt and direct holdings of Chinese Communist Party-backed securities. Requires the Illinois Investment Policy Board to make its best efforts to identify all companies that are domiciled or have their principal place of business in the People's Republic of China and companies subject to Chinese Military-Industrial Complex Companies Sanctions and to include those companies in the list of restricted companies. Makes other changes. Amends the Board of Higher Education Act. Provides that the Board of Higher Education shall require a public institution of higher education to disclose to the Board any endowment or other donation given to the institution from a source associated with any company that is domiciled or has its principal place of business in the People's Republic of China and is on the list of restricted companies developed by the Illinois Investment Policy Board. Makes other changes.

Every action

27 steps, oldest first, as the legislature records them.

Show the 19 earlier steps
  1. HouseFiled with the Clerk by Rep. Blaine Wilhour
  2. HouseFirst Reading
  3. CommitteeReferred to Rules Committee · House Rules
  4. CommitteeAssigned to Appropriations-General Services Committee · House Appropriations-General Service
  5. HouseAdded Co-Sponsor Rep. Christopher "C.D." Davidsmeyer
  6. HouseAdded Co-Sponsor Rep. Joe C. Sosnowski
  7. HouseAdded Co-Sponsor Rep. Jeff Keicher
  8. HouseAdded Co-Sponsor Rep. Charles Meier
  9. HouseAdded Co-Sponsor Rep. Kevin Schmidt
  10. HouseAdded Co-Sponsor Rep. Amy Elik
  11. HouseAdded Co-Sponsor Rep. Randy E. Frese
  12. HouseAdded Co-Sponsor Rep. Brad Halbrook
  13. HouseAdded Chief Co-Sponsor Rep. Brad Halbrook
  14. HouseRemoved Co-Sponsor Rep. Brad Halbrook
  15. HouseAdded Co-Sponsor Rep. Adam M. Niemerg
  16. HouseAdded Co-Sponsor Rep. Dan Caulkins
  17. HouseAdded Co-Sponsor Rep. Martin McLaughlin
  18. HouseAdded Co-Sponsor Rep. Amy L. Grant
  19. CommitteeDo Pass / Short Debate Appropriations-General Services Committee; 010-000-000 · House Appropriations-General Service
  1. HousePlaced on Calendar 2nd Reading - Short Debate
  2. HouseAdded Co-Sponsor Rep. Chris Miller
  3. HouseSecond Reading - Short Debate
  4. HouseHeld on Calendar Order of Second Reading - Short Debate
  5. HousePlaced on Calendar Order of 3rd Reading - Short Debate
  6. CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
  7. HouseAdded Co-Sponsor Rep. Travis Weaver
  8. HouseSession Sine Die

Roll calls

1 recorded vote: 0 on the floor, 1 in committee. Each shows how every member voted.

Committee votes

DateWhereQuestionResult
Mar 9, 2023 House Appropriations-General Service Appropriations-General Service - Do Pass
Members

Yes · 10

Not voting · 5

 Passed 10–0

Sponsors

The member who introduced it, joined by 14 cosponsors: 14 Republicans.

All 14 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.