STATE BILLIL SB 3403PASSED

PEN CD-BD OF INVESTMENT AUDIT

State of Illinois

Amends the Investment Board Article of the Illinois Pension. Provides that, if the Illinois State Board of Investment has not received a required audit opinion by December 15, the Board shall not be considered in violation of a provision requiring an annual report to each pension fund, retirement system, or education fund under the Board's jurisdiction within 6 months after the close of each fiscal year. Effective immediately.

Status
Passed
Signed or otherwise enacted
Status date
Aug 21, 2026
83 days ago
Current chamber
Senate
Session
2025-2026 Regular Session
IL SB 3403 · PassedAug 21

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Bill details

Last action
Public Act . . . . . . . . . 104-0849 · Aug 21, 2026

Sponsors

RMRobert MartwickSenator · Democrat · SD-010Primary sponsor
JYJanet Yang RohrRepresentative · Democrat · HD-041Primary sponsor
LFLaura Faver DiasRepresentative · Democrat · HD-062

Bill history

Newest first.

Aug 21, 2026Public Act . . . . . . . . . 104-0849Senate
Aug 21, 2026Effective Date August 21, 2026Senate
Aug 21, 2026Governor ApprovedSenate
Jun 29, 2026Sent to the GovernorSenate
May 31, 2026Passed Both HousesSenate
May 31, 2026Senate ConcursSenate
May 31, 2026House Floor Amendment No. 1 Senate Concurs 057-000-001Senate
May 30, 2026House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Pensions; 009-000-000Senate
Show 36 earlier actions
May 29, 2026House Floor Amendment No. 1 Motion to Concur Assignments Referred to PensionsSenate
May 29, 2026House Floor Amendment No. 1 Motion to Concur Referred to AssignmentsSenate
May 29, 2026House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Robert F. MartwickSenate
May 28, 2026Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 29, 2026Senate
May 28, 2026Secretary's Desk - Concurrence House Amendment(s) 1Senate
May 28, 2026Third Reading - Short Debate - Passed 089-020-000House
May 28, 2026Placed on Calendar Order of 3rd Reading - Short DebateHouse
May 28, 2026House Floor Amendment No. 1 Adopted by Voice VoteHouse
May 28, 2026Recalled to Second Reading - Short DebateHouse
May 28, 2026House Floor Amendment No. 1 Recommends Be Adopted Personnel & Pensions Committee; 007-004-000House
May 27, 2026House Floor Amendment No. 1 Pension Note Filed as AmendedHouse
May 27, 2026House Floor Amendment No. 1 Rules Refers to Personnel & Pensions CommitteeHouse
May 26, 2026House Floor Amendment No. 1 Referred to Rules CommitteeHouse
May 26, 2026House Floor Amendment No. 1 Filed with Clerk by Rep. Janet Yang RohrHouse
May 22, 2026Third Reading/Final Action Deadline Extended-9(b) May 31, 2026House
May 21, 2026Added Alternate Chief Co-Sponsor Rep. Laura Faver DiasHouse
May 19, 2026Placed on Calendar Order of 3rd Reading - Short DebateHouse
May 19, 2026Second Reading - Short DebateHouse
May 7, 2026Placed on Calendar 2nd Reading - Short DebateHouse
May 7, 2026Do Pass / Short Debate Personnel & Pensions Committee; 010-000-000House
May 5, 2026Pension Note FiledHouse
Apr 27, 2026Assigned to Personnel & Pensions CommitteeHouse
Apr 17, 2026Referred to Rules CommitteeHouse
Apr 17, 2026First ReadingHouse
Apr 17, 2026Chief House Sponsor Rep. Janet Yang RohrHouse
Apr 17, 2026Arrived in HouseHouse
Apr 16, 2026Third Reading - Passed; 057-000-000Senate
Apr 14, 2026Placed on Calendar Order of 3rd Reading ** April 15, 2026Senate
Mar 5, 2026Placed on Calendar Order of 3rd Reading March 10, 2026Senate
Mar 5, 2026Second ReadingSenate
Mar 4, 2026Placed on Calendar Order of 2nd Reading March 5, 2026Senate
Mar 4, 2026Do Pass Pensions; 007-000-000Senate
Feb 17, 2026Assigned to PensionsSenate
Feb 4, 2026Referred to AssignmentsSenate
Feb 4, 2026First ReadingSenate
Feb 4, 2026Filed with Secretary by Sen. Robert F. MartwickSenate

Recorded votes

Senate Pensions CommitteeMar 4, 2026 · Senate · 7 yea · 0 nayPassed
House Personnel & Pensions CommitteeMay 7, 2026 · House · 10 yea · 0 nayPassed
House Personnel & Pensions CommitteeMay 28, 2026 · House · 7 yea · 4 nayPassed
Senate Pensions CommitteeMay 30, 2026 · Senate · 9 yea · 0 nayPassed
House Third ReadingMay 28, 2026 · House · 89 yea · 20 nayPassed
Senate ConcurrenceMay 31, 2026 · Senate · 57 yea · 0 nayPassed

Read the bill at the source

This page follows the bill as the legislature records it. For the bill's full text and the official record, use the legislature's own site.

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