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<xml>
<title>Illinois General Assembly - Bill Status for SB 3691</title>
<shortdesc>PUBLIC FUNDS-SECURITIES</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Sally J. Turner and Seth Lewis</sponsors>
</sponsor>
<lastaction>
<statusdate>2/5/2026</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 235/2</reference><aliasreference>from Ch. 85, par. 902</aliasreference><SynopsisText>Amends the Public Funds Investment Act. Provides that a public agency may invest any public funds in any security that matures or that may be tendered for purchase at the option of the holder within not more than 7 years of the date on which it is acquired and that has the highest rating category (AAA) assigned by Standard &amp; Poor's corporation, Moody's investors service, or other similar nationally recognized statistical rating organization. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/5/2026</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Sally J. Turner</action>
<statusdate>2/5/2026</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/5/2026</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/4/2026</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Seth Lewis</action>
</actions>
</xml>
