SUSTAINABILITY INVESTING ACT Senate SponsorsSen. Don Harmon and Scott M. Bennett 1/13/2021SenateSession Sine Die New Act15 ILCS 520/22.830 ILCS 235/2.540 ILCS 5/1-113.640 ILCS 5/1-113.17 newCreates the Illinois Sustainable Investing Act. Provides that any public agency or governmental unit shall develop, publish, and implement sustainable investment policies applicable to the management of all public funds under its control. Provides that the sustainable investment policy may be incorporated in existing investment policies developed, published, and implemented by a public agency or governmental unit. Provides that the sustainable investment policy shall include material, relevant, and decision-useful sustainability factors to be applied by the public agency or governmental unit in evaluating investment decisions. Provides that a public agency shall 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, minimize projected risk, and more effectively execute its fiduciary duty. Specifies sustainability factors, and the ways in which such factors may be analyzed. Amends the Deposit of State Moneys Act, the Public Funds Investment Act, and the Illinois Pension Code to make changes concerning investment policy and the Illinois Sustainable Investing Act. Provides findings and purpose provisions. Defines terms.Senate Committee Amendment No. 1 Provides that the sustainable investment policy developed under the Illinois Sustainable Investing Act shall include material, relevant, and decision-useful sustainability factors to be considered (currently, applied) by the public agency or governmental unit as one component of its overall evaluation of investment decisions. Provides that nothing in the Act prohibits a public agency or governmental unit from integrating additional factors into its investment decision-making, investment analysis, portfolio construction, due diligence, and investment ownership of public funds. Provides that the Act shall not apply to bank time deposits or bank processing services. Makes conforming changes. 2/15/2019SenateFiled with Secretary by Sen. Iris Y. Martinez 2/15/2019SenateFirst Reading 2/15/2019SenateReferred to Assignments 3/5/2019SenateAssigned to State Government 3/13/2019SenatePostponed - State Government 3/14/2019SenateAdded as Co-Sponsor Sen. Scott M. Bennett 3/15/2019SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez 3/15/2019SenateSenate Committee Amendment No. 1 Referred to Assignments 3/19/2019SenateSenate Committee Amendment No. 1 Assignments Refers to State Government 3/20/2019SenateSenate Committee Amendment No. 1 Adopted 3/20/2019SenateDo Pass as Amended State Government; 009-000-000 3/20/2019SenatePlaced on Calendar Order of 2nd Reading March 21, 2019 3/29/2019SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Iris Y. Martinez 3/29/2019SenateSenate Floor Amendment No. 2 Referred to Assignments 4/3/2019SenateSenate Floor Amendment No. 2 Assignments Refers to State Government 4/4/2019SenateSenate Floor Amendment No. 2 Postponed - State Government 4/9/2019SenateSecond Reading 4/9/2019SenatePlaced on Calendar Order of 3rd Reading April 10, 2019 4/12/2019SenateRule 3-9(a) / Re-referred to Assignments 7/3/2019SenateSenate Floor Amendment No. 2 Pursuant to Senate Rule 3-9(b) / Referred to Assignments 12/1/2020SenateChief Sponsor Changed to Sen. Don Harmon 1/13/2021SenateSession Sine Die