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HB1155

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U OF I-FOSSIL FUEL DIVESTMENT

What this bill does

Amends the University of Illinois Act. Provides that the Board of Trustees shall direct the University of Illinois System, in addition to the Office of Investments and external investment managers, to not invest the assets of any endowment fund in the stocks, securities, or other obligations of any fossil fuel company or any subsidiary, affiliate, or parent of any fossil fuel company. Provides that this does not preclude the de minimis exposure of any funds held by the endowment fund to the stocks, securities, or other obligations of any fossil fuel company or any subsidiary, affiliate, or parent of any fossil fuel company. Requires the Board of Trustees to direct the University of Illinois System, in addition to the Office of Investments and external investment managers, to not invest in any prime commercial paper or corporate bonds issued by a fossil fuel company. Provides that, beginning one year after the effective date of the amendatory Act, the Board of Trustees, subject to an affirmative determination of prudence and in accordance with sound investment criteria and consistent with its fiduciary obligations, shall direct the University of Illinois System to ensure that any endowment fund does not have any indirect investments; defines "indirect investment". Provides that the Board of Trustees shall direct the University of Illinois System, in addition to the Office of Investments and external investment managers, to adopt updates to its written investment policies, if necessary, to meet the requirements of these provisions and publish a copy of those updated policies within 90 days after the adoption of the updated policies. Effective immediately.

Sponsor: Will Guzzardi Chamber: House Introduced: 2025-01-06

Stuck

P(Advance)

10.1%

Chance it ever reaches a milestone (committee, floor, etc.). Not “next step.”

P(Law)

0.5%

Chance it becomes law given where it is now (stage, momentum).

Forecast

2.1%

Low P(law) at intro — sponsor & topic only; no progress or delay.

Confidence: 90%

Calculating prediction drivers...

Pipeline Progress

Current stage: In Committee · Last action 436 days ago · STAGNANT

How does a bill become law in Illinois?

Introduction of Bill
A member of the Senate or the House introduces a bill, which is assigned a unique identifying number (e.g., "H.B. ___" for House bills and "S.B. ___" for Senate bills). If not enacted, it must be reintroduced in the next General Assembly with a new number.
Committee Work — Hearings
The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.
Committee Work — Markup, Amendments, Report
The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.
Floor Debate
The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.
Passage and Consideration in Second Chamber
If the bill passes in the first chamber, it moves to the second chamber for a similar review process. If both chambers approve, it goes to the governor.
Gubernatorial Action
The governor can sign the bill into law, veto it, or take no action (resulting in an automatic law after 60 days). The type of veto can be total or amendatory. Once signed, the bill becomes a Public Act and is assigned a Public Act number.

Hearings

This bill has not been scheduled for a committee hearing.

Action History

16 actions recorded. Last action: 2025-05-01 — Added Co-SponsorRep. Ann M. Williams. Each action's meaning and outcome signal are classified automatically.

2025-01-06 Introduction & Filing

Prefiled with Clerk byRep. Will Guzzardi Senate Rule 5-1(d); House Rule 37(d)

Bill submitted before the legislative session officially begins. No impact on outcome yet.

2025-01-09 Introduction & Filing

First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38

Formal introduction — title read into the official record. Required procedural step; bill now exists in the system.

2025-01-09 Committee Assignment

Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a)

Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.

2025-01-27 Co-Sponsorship Mild +

Added Co-SponsorRep. Lindsey LaPointe Senate Rule 5-1(a); House Rule 37(a)