# Illinois HB3961: PEN CD-DIVEST FOSSIL FUELS Illinois HB3961, PEN CD-DIVEST FOSSIL FUELS, is a 104th General Assembly (2025–2026) House bill sponsored by Will Guzzardi (Democratic); status in committee, last action 2026-03-27 (House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/IL-HB3961-2025-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Illinois HB3961 - State: Illinois - Session: 104th General Assembly (2025–2026) - Title: PEN CD-DIVEST FOSSIL FUELS - Status: in committee - Chamber: House - Introduced: 2025-02-21 - Last action: 2026-03-27, House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee - Sponsor: Will Guzzardi (Democratic) - Cosponsors: 10 - Subjects: appropriations-pensions & personnel - Touches household money: no - Economic provisions PRIA read: 0 ## Summary Amends the General Provisions Article of the Illinois Pension Code. Provides that the amendatory Act may be referred to as the Fossil Fuel Divestment Act. With regard to the retirement systems established under the General Assembly, State Employees, State Universities, Downstate Teachers, or Judges Article of the Code and the Illinois State Board of Investment, prohibits direct investment of any additional pension assets in the stocks, securities, or other obligations of any fossil fuel company or any subsidiary, affiliate, or parent of a fossil fuel company. Provides that each board of trustees of a pension system shall ensure the pension system does not make further indirect investments unless, upon exercising due diligence, the board of trustees is satisfied that the investment vehicle is unlikely to have more than 2% of its assets invested in fossil fuel companies. Requires pension system trustees to identify the pension system's holdings, whether directly or indirectly invested, including private investments. Requires pension system trustees to identify holdings that are invested in the stocks, securities, equities, fixed income, corporate bonds, prime commercial paper, or other obligations of fossil fuel companies. Requires pension systems to, in accordance with sound investment criteria and consistent with fiduciary obligations, divest any fossil fuel holdings, which must be completed by January 1, 2030. Requires pension systems to adopt an update to their written investment policies if necessary. Requires each pension system to disclose the analytic methods used, if any, in determining the climate-related financial risks posed by its fossil fuel investments (both publicly traded and private investments) and the results of the analysis. Sets forth provisions concerning definitions, de minimis exposure to fossil fuel securities, and annual reporting. Effective immediately. ## Bill overview No economic impacts identified for this bill. ## Sponsors and cosponsors - Sponsor: Will Guzzardi (Democratic), House - Cosponsor: Abdelnasser Rashid (Democratic), House - Cosponsor: Anna Moeller (Democratic), House - Cosponsor: Anne Stava (Democratic), House - Cosponsor: Camille Y. Lilly (Democratic), House - Cosponsor: Carol Ammons (Democratic), House - Cosponsor: Dagmara Avelar (Democratic), House - Cosponsor: Hoan Huynh (Democratic), House - Cosponsor: Lilian Jiménez (Democratic), House - Cosponsor: Lindsey LaPointe (Democratic), House - Cosponsor: Theresa Mah (Democratic), House ## Actions (19) - 2026-03-27: House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee (House) - 2026-03-27: Rule 19(a) / Re-referred to Rules Committee (House) - 2026-03-27: Added Co-Sponsor Rep. Lindsey LaPointe (House) - 2026-03-24: House Committee Amendment No. 1 Rules Refers to Appropriations-Pensions & Personnel (House) - 2026-03-19: House Committee Amendment No. 1 Referred to Rules Committee (House) - 2026-03-19: House Committee Amendment No. 1 Filed with Clerk by Rep. Will Guzzardi (House) - 2026-02-24: Assigned to Appropriations-Pensions & Personnel (House) - 2025-04-07: Added Co-Sponsor Rep. Hoan Huynh (House) - 2025-03-27: Added Co-Sponsor Rep. Anna Moeller (House) - 2025-03-26: Added Co-Sponsor Rep. Dagmara Avelar (House) - 2025-03-07: Added Chief Co-Sponsor Rep. Carol Ammons (House) - 2025-03-03: Added Co-Sponsor Rep. Abdelnasser Rashid (House) - 2025-03-03: Added Co-Sponsor Rep. Anne Stava (House) - 2025-03-03: Added Co-Sponsor Rep. Lilian Jiménez (House) - 2025-03-03: Added Co-Sponsor Rep. Theresa Mah (House) - 2025-02-25: Referred to Rules Committee (House) - 2025-02-25: First Reading (House) - 2025-02-24: Added Chief Co-Sponsor Rep. Camille Y. Lilly (House) - 2025-02-21: Filed with the Clerk by Rep. Will Guzzardi (House) ## Bill text - House Amendment 1: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3961ham001.pdf) - Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3961.pdf) ## Related bills - HB5198: AFFORDABLE HOUSING-CILAS (passed house) - SB1937: PENSION CODE-VARIOUS (passed senate) - HB2563: CONDO-RESERVE STUDY (in committee) - HB4701: LIMITATIONS FACILITY FEES ACT (in committee) - SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate) - SB3484: VEH CD-PLATES-REGISTRATION (signed) ## Sources - [House Amendment 1 (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3961ham001.pdf) - [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB3961.pdf) ## Related - [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026) - [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026) - [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026) - [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026) - [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026) - [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026) - [Illinois bills](https://policyrisk.com/states/illinois/bills) - [Illinois state hub](https://policyrisk.com/states/illinois) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/IL-HB3961-2025-2026 (as of 2026-11-01).