SUSTAINABILITY DISCLOSURES Senate SponsorsSen. Ram Villivalam-Rachel Ventura and Laura M. Murphy 1/7/2025SenateSession Sine Die 30 ILCS 238/1030 ILCS 238/20Amends the Illinois Sustainable Investing Act. Provides that, effective January 1, 2024, every investment manager shall comply with annual disclosure requirements that will require the investment manager to provide a description of the process through which the manager will 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, identify and minimize projected risk, and execute its fiduciary duties more effectively. Provides that the investment manager shall provide the annual disclosure to each public agency, pension fund, retirement system, or governmental unit for whom the investment manager is acting as a fiduciary or seeking selection as a fiduciary prior to acting in this capacity and at least annually thereafter. Provides that annual disclosures shall be submitted by January 31st of every year after the effective date of the amendatory Act. Defines "investment manager".Senate Floor Amendment No. 2 Removes the requirement that annual disclosures shall be submitted by January 31st of every year. Makes technical changes in the provision concerning annual disclosures. 2/10/2023SenateFiled with Secretary by Sen. Ram Villivalam 2/10/2023SenateFirst Reading 2/10/2023SenateReferred to Assignments 2/28/2023SenateAssigned to Financial Institutions 3/3/2023SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Ram Villivalam 3/3/2023SenateSenate Committee Amendment No. 1 Referred to Assignments 3/7/2023SenateSenate Committee Amendment No. 1 Assignments Refers to Financial Institutions 3/8/2023SenateSenate Committee Amendment No. 1 Postponed - Financial Institutions 3/8/2023SenateDo Pass Financial Institutions; 005-003-000 3/8/2023SenatePlaced on Calendar Order of 2nd Reading March 9, 2023 3/16/2023SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Ram Villivalam 3/16/2023SenateSenate Floor Amendment No. 2 Referred to Assignments 3/21/2023SenateSenate Floor Amendment No. 2 Assignments Refers to Financial Institutions 3/22/2023SenateSenate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 005-002-000 3/22/2023SenateSecond Reading 3/22/2023SenateSenate Floor Amendment No. 2 Adopted; Villivalam 3/22/2023SenatePlaced on Calendar Order of 3rd Reading March 23, 2023 3/24/2023SenateAdded as Chief Co-Sponsor Sen. Rachel Ventura 3/31/2023SenateRule 3-9(a) / Re-referred to Assignments 4/21/2023SenateAdded as Co-Sponsor Sen. Laura M. Murphy 6/26/2023SenateSenate Committee Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments 1/7/2025SenateSession Sine Die