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SB3403

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PEN CD-BD OF INVESTMENT AUDIT

What this bill does

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.

Sponsor: Robert F. Martwick Chamber: Senate Introduced: 2026-02-04
Stuck
P(Advance)
15.7%
Chance it ever reaches a milestone (committee, floor, etc.). Not “next step.”
P(Law)
0.0%
Chance it becomes law given where it is now (stage, momentum).
Confidence: 84%

Calculating prediction drivers...

Pipeline Progress

Current stage: In Committee · Last action 235 days ago · STAGNANT

How does a bill become law in Illinois?
  1. 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.

  2. Committee Work — Hearings

    The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.

  3. Committee Work — Markup, Amendments, Report

    The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.

  4. Floor Debate

    The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.

  5. 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.

  6. 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.

Sponsor Context

Campaign finance

This is SBE campaign receipts to the people on this bill, not Moneyball and not earmarked to the bill.

Money is campaign receipts to matched candidate committees, not earmarked to this bill. Window 2025-01-01 – 2026-09-13.

$222,820.29 Across sponsors / voters
1 Members with trails
0 Overlapping donors

Sponsor and voter funding

Member Role Receipts Total received Top donors
Robert F. Martwick Chief sponsor 126 $222,820.29 I.P.A.C.E. ($72,800.00); Fraternal Order of Police, Chicago Lodge, #7 ($10,000.00); Illinois Laborers' Legislative Committee ($10,000.00)

Top donors across these members

Donor Occupation Employer Receipts Total
I.P.A.C.E. — — 1 $72,800.00
Illinois Laborers' Legislative Committee — — 1 $10,000.00
Fraternal Order of Police, Chicago Lodge, #7 — — 1 $10,000.00
Chicago Land Operators Joint Labor-Management PAC — — 4 $9,000.00
Friends of Ram — — 2 $7,000.00
CAR of Illinois — — 3 $6,000.00
Associated Fire Fighters of IL PAC — — 2 $5,000.00
Realtor Political Action Committee — — 2 $5,000.00
Carpentry Advancement PAC Fund — — 2 $5,000.00
Cook County College Teachers Union COPE — — 3 $4,000.00
Friends of LaPointe — — 4 $3,843.13
SEIU Healthcare IL IN PAC — — 2 $3,750.00
Ameren Illinois — — 1 $3,000.00
Community BancPAC — — 2 $3,000.00
Illinois Federation of Teachers COPE — — 2 $3,000.00
LIUNA Chicago Laborers' District Council PAC — — 1 $3,000.00
PCI Gaming Authority — — 2 $3,000.00
SUAAction — — 2 $2,500.00
UPSPAC — — 1 $2,500.00
Chicago Regional Council of Carpenters — — 1 $2,500.00
Illinois Bankers PAC — — 1 $2,500.00
Illinois Trial Lawyers Association PAC — — 1 $2,500.00
Illinois State Treasury — — 1 $2,143.73
Dan Kotin Attorney Corboy & Demetrio 2 $2,000.00
Martha Jane Lavelle Attorney Finkle Martwick and Colson 1 $2,000.00

Hearings

This bill has not been scheduled for a committee hearing.

Action History

4 actions recorded. Last action: 2026-02-17 — Assigned toPensions. Each action's meaning and outcome signal are classified automatically.

2026-02-04 Introduction & Filing
Filed with Secretary bySen. Robert F. Martwick Rule 2-7(b)
Bill officially submitted to the Senate Secretary during the session.
2026-02-04 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.
2026-02-04 Committee Assignment
Referred toAssignments 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.
2026-02-17 Committee Assignment
Assigned toPensions Senate Rule 3-8(a); House Rule 18(b)
Sent to a substantive committee (e.g., Transportation, Revenue). This is where the bill gets a real hearing and evaluation.

All actions (table)

Date Chamber Action Category Signal
2026-02-04 Senate Filed with Secretary bySen. Robert F. Martwick Rule 2-7(b) Introduction & Filing —
2026-02-04 Senate First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 Introduction & Filing —
2026-02-04 Senate Referred toAssignments Senate Rule 3-8(a); House Rule 18(a) Committee Assignment —
2026-02-17 Senate Assigned toPensions Senate Rule 3-8(a); House Rule 18(b) Committee Assignment —