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SB3403Introduced in the Senate

PEN CD-BD OF INVESTMENT AUDIT

Passed

Introduced by Robert Martwick, District 10

What does this bill do?

Plain-English breakdown

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Official description

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.

Where it stands

Public Act . . . . . . . . . 104-0849

August 21, 2026

How did lawmakers vote?

House votes

3 recorded votes · each counted separately

Senate votes

3 recorded votes · each counted separately

SenateStage: Senate Concurrence · May 31, 2026

57

Yes

0

No

2

Absent or Not Voting

59 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

See how each senator voted

SenatorDistrictVote
Javier Cervantes1Yes
Omar Aquino2Yes
Mattie Hunter3Yes
Kimberly Lightford4Yes
Lakesia Collins5Yes
Sara Feigenholtz6Yes
Mike Simmons7Yes
Ram Villivalam8Yes
Laura Fine9Yes
Robert Martwick10Yes

Bill history

  1. Filed with Secretary by Sen. Robert F. Martwick

  2. First Reading

  3. Referred to Assignments

  4. Assigned to Pensions

  5. Do Pass Pensions; 007-000-000

  6. Placed on Calendar Order of 2nd Reading March 5, 2026

  7. Second Reading

  8. Placed on Calendar Order of 3rd Reading March 10, 2026

  9. Placed on Calendar Order of 3rd Reading ** April 15, 2026

  10. Third Reading - Passed; 057-000-000

  11. Arrived in House

  12. Chief House Sponsor Rep. Janet Yang Rohr

  13. First Reading

  14. Referred to Rules Committee

  15. Assigned to Personnel & Pensions Committee

  16. Pension Note Filed

  17. Do Pass / Short Debate Personnel & Pensions Committee; 010-000-000

  18. Placed on Calendar 2nd Reading - Short Debate

  19. Second Reading - Short Debate

  20. Placed on Calendar Order of 3rd Reading - Short Debate

  21. Added Alternate Chief Co-Sponsor Rep. Laura Faver Dias

  22. Third Reading/Final Action Deadline Extended-9(b) May 31, 2026

  23. House Floor Amendment No. 1 Filed with Clerk by Rep. Janet Yang Rohr

  24. House Floor Amendment No. 1 Referred to Rules Committee

  25. House Floor Amendment No. 1 Rules Refers to Personnel & Pensions Committee

  26. House Floor Amendment No. 1 Pension Note Filed as Amended

  27. House Floor Amendment No. 1 Recommends Be Adopted Personnel & Pensions Committee; 007-004-000

  28. Recalled to Second Reading - Short Debate

  29. House Floor Amendment No. 1 Adopted by Voice Vote

  30. Placed on Calendar Order of 3rd Reading - Short Debate

  31. Third Reading - Short Debate - Passed 089-020-000

  32. Secretary's Desk - Concurrence House Amendment(s) 1

  33. Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 29, 2026

  34. House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Robert F. Martwick

  35. House Floor Amendment No. 1 Motion to Concur Referred to Assignments

  36. House Floor Amendment No. 1 Motion to Concur Assignments Referred to Pensions

  37. House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Pensions; 009-000-000

  38. House Floor Amendment No. 1 Senate Concurs 057-000-001

  39. Senate Concurs

  40. Passed Both Houses

  41. Sent to the Governor

  42. Governor Approved

  43. Effective Date August 21, 2026

  44. Public Act . . . . . . . . . 104-0849

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