IllinoisHB1155104th General Assembly (2025–2026)House

U OF I-FOSSIL FUEL DIVESTMENT

Sponsored By: Will Guzzardi (Democratic)

In Committee

Summary

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Will Guzzardi

    Democratic • House

Cosponsors

  • Abdelnasser Rashid

    Democratic • House

  • Ann M. Williams

    Democratic • House

  • Anne Stava

    Democratic • House

  • Barbara Hernandez

    Democratic • House

  • Carol Ammons

    Democratic • House

  • Dagmara Avelar

    Democratic • House

  • Diane Blair-Sherlock

    Democratic • House

  • Edgar González, Jr.

    Democratic • House

  • Joyce Mason

    Democratic • House

  • Laura Faver Dias

    Democratic • House

  • Lindsey LaPointe

    Democratic • House

  • Maura Hirschauer

    Democratic • House

  • Nabeela Syed

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added Co-Sponsor Rep. Ann M. Williams

    5/1/2025House
  2. Added Co-Sponsor Rep. Edgar González, Jr.

    3/28/2025House
  3. Added Chief Co-Sponsor Rep. Carol Ammons

    3/20/2025House
  4. Added Co-Sponsor Rep. Maura Hirschauer

    3/19/2025House
  5. Added Co-Sponsor Rep. Dagmara Avelar

    3/18/2025House
  6. Added Co-Sponsor Rep. Diane Blair-Sherlock

    2/27/2025House
  7. Added Co-Sponsor Rep. Nabeela Syed

    2/27/2025House
  8. Added Co-Sponsor Rep. Anne Stava

    2/24/2025House
  9. Added Co-Sponsor Rep. Laura Faver Dias

    2/19/2025House
  10. Added Co-Sponsor Rep. Barbara Hernandez

    2/19/2025House
  11. Added Co-Sponsor Rep. Abdelnasser Rashid

    2/19/2025House
  12. Added Co-Sponsor Rep. Joyce Mason

    2/19/2025House
  13. Added Co-Sponsor Rep. Lindsey LaPointe

    1/27/2025House
  14. Referred to Rules Committee

    1/9/2025House
  15. First Reading

    1/9/2025House
  16. Prefiled with Clerk by Rep. Will Guzzardi

    1/6/2025House

Bill Text

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