Illinois HB2780 prohibits state-funded retirement systems from investing in companies that boycott Israel, contract to shelter migrant children, or.

Illinois HB2780 amends the Illinois Pension Code to prohibit state-funded retirement systems from investing in companies that boycott Israel, contract to shelter migrant children, or are subject to sanctions related to Iran, Sudan, Hamas, Russia, or Belarus. The Illinois Investment Policy Board must identify these restricted companies and distribute the list to each retirement system. Retirement systems must divest from these companies, except for indirect holdings or private market funds. The Board may engage with companies to encourage changes before divestment.

Illinois HB2780 prohibits state-funded retirement systems from investing in companies that boycott Israel, contract to shelter migrant children, or.

Illinois HB2780 amends the Illinois Pension Code to prohibit state-funded retirement systems from investing in companies that boycott Israel, contract to shelter migrant children, or are subject to sanctions related to Iran, Sudan, Hamas, Russia, or Belarus. The Illinois Investment Policy Board must identify these restricted companies and distribute the list to each retirement system. Retirement systems must divest from these companies, except for indirect holdings or private market funds. The Board may engage with companies to encourage changes before divestment.