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IL HB2723

Bill

Official Source

Status

Introduced

2/5/2025

Primary Sponsor

Abdelnasser Rashid

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • Removes "companies that boycott Israel" from the list of restricted companies that Illinois public pension systems are prohibited from investing in
  • Amends Section 1-110.16 of the Illinois Pension Code, which governs transactions prohibited by retirement systems
  • Eliminates the requirement for the Illinois Investment Policy Board to identify and track companies that boycott Israel when compiling its restricted companies list
  • Retains existing investment restrictions on Iran-restricted companies, Sudan-restricted companies, expatriated entities, for-profit companies sheltering migrant children, and companies domiciled in or subject to sanctions related to Russia and Belarus
  • Takes effect immediately upon becoming law

Legislative Description

PEN CD-PROHIBITED TRANSACTIONS

Last Action

To International Relations Subcommittee

2/13/2026

Committee Referrals

International Relations2/13/2026
International Relations, Tourism, and Trade2/11/2026
Rules2/6/2025

Full Bill Text

No bill text available