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<xml>
<title>Illinois General Assembly - Bill Status for HB 3547         </title>
<shortdesc>FIREFIGHTER PENSION FUND</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Robert Rita</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/1-113.4b new</reference><aliasreference></aliasreference><SynopsisText>     Amends the General Provisions Article of the Illinois Pension Code. Provides that a firefighters' pension fund may invest up to 75% of the net present assets in common or preferred stocks. Provides that any corporate bonds held by the pension fund shall be deemed fixed income. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/15/2019</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Robert Rita</action>
<statusdate>2/15/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/15/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/5/2019</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

