Illinois · Senate Bill 2429 · 103rd General Assembly

SUSTAINABILITY DISCLOSURES

SB 2429 Sponsored by Ram Villivalam Died in committee

  1. Introduced Feb 10, 2023
  2. In committee Feb 10, 2023
  3. Died  
  4. Passed the House  
  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 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 will prudently integrate sustainability factors into its investment decision-making, investment analysis, portfolio construction, due diligence, and…

Read the full title (147 words)

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 will prudently integrate 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".

Every action

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

Show the 14 earlier steps
  1. SenateFiled with Secretary by Sen. Ram Villivalam
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Financial Institutions · Senate Financial Institutions
  5. SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam
  6. CommitteeSenate Committee Amendment No. 1 Referred to Assignments · Senate Assignments
  7. CommitteeSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions · Senate Financial Institutions
  8. CommitteeSenate Committee Amendment No. 1 Postponed - Financial Institutions · Senate Financial Institutions
  9. CommitteeDo Pass Financial Institutions; 005-003-000 · Senate Financial Institutions
  10. SenatePlaced on Calendar Order of 2nd Reading March 9, 2023
  11. SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Ram Villivalam
  12. CommitteeSenate Floor Amendment No. 2 Referred to Assignments · Senate Assignments
  13. CommitteeSenate Floor Amendment No. 2 Assignments Refers to Financial Institutions · Senate Financial Institutions
  14. CommitteeSenate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 005-002-000 · Senate Financial Institutions
  1. SenateSecond Reading
  2. SenateSenate Floor Amendment No. 2 Adopted; Villivalam
  3. SenatePlaced on Calendar Order of 3rd Reading March 23, 2023
  4. SenateAdded as Chief Co-Sponsor Sen. Rachel Ventura
  5. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
  6. SenateAdded as Co-Sponsor Sen. Laura M. Murphy
  7. CommitteeSenate Committee Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments · Senate Assignments
  8. SenateSession Sine Die

Roll calls

2 recorded votes: 0 on the floor, 2 in committee. Each shows how every member voted.

Committee votes

DateWhereQuestionResult
Mar 7, 2023 Senate Financial Institutions Financial Institutions - Do Pass
Members

Yes · 5

No · 3

 5–3
Mar 21, 2023 Senate Financial Institutions Senate Floor Amendment No. 2 - Financial Institutions - Recommend Do Adopt
Members

Yes · 5

No · 2

Not voting · 1

 5–2

Sponsors

The member who introduced it, joined by 2 cosponsors: 2 Democrats.

All 2 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.