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IL SB3991
Bill
Status
Introduced
2/6/2026
Primary Sponsor
Jason Plummer
Click for details
AI Summary
- Prohibits all Illinois state-managed and local-managed funds from holding investments in China, Russia, Iran, North Korea, Cuba, or any other nation designated as a foreign adversary by the Governor
- Requires complete divestment from prohibited holdings by January 1, 2028, or within 2 years of the Act's effective date, whichever is earlier
- Applies to public pension funds, university endowments, municipal investment funds, and any other public investment structures, including those managed by third-party fiduciaries
- Mandates the Illinois State Board of Investment to identify and publish a list of restricted companies within 6 months of the Act taking effect
- Defines "total divestment" as reducing prohibited investments to no more than 0.05% of a fund's total market value
Legislative Description
FOREIGN ADVERSARY DIVESTMENT
Last Action
Referred to Assignments
2/6/2026
Committee Referrals
Assignments2/6/2026
Full Bill Text
No bill text available