2021-2022 Regular Session • Illinois Legislature
HB5704: PUBLIC FUNDS INVEST PROHIBIT
Legislative Summary
Amends the Deposit of State Moneys Act and the Public Funds Investment Act. Prohibits the investment of State money and public funds in any investment instrument that is based in or tied to Russia. Effective immediately.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
2/24/2022
Filed with the Clerk by Rep. Jim Durkin
House of Representatives
2/24/2022
Added Chief Co-Sponsor Rep. Dan Brady
House of Representatives
2/24/2022
First Reading
House of Representatives
2/24/2022
Referred to Rules Committee
House of Representatives
3/7/2022
Added Co-Sponsor Rep. Tony McCombie
House of Representatives
3/10/2022
Added Co-Sponsor Rep. Thomas M. Bennett
House of Representatives
Status Information
Current Status
Introduced(2/24/2022)
Chamber
House of Representatives
Committee
Rules(House of Representatives)
Sponsors
Republican: 4
Primary Sponsor
James Durkin
Republican