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John Bradley Sponsors Bill Encouraging Investment In State Companies

WSIU Public Broadcasting
Published March 25, 2009 at 6:00 AM CDT

By Brad Palmer

Springfield, IL – Facing an unfriendly economic climate and high unemployment, Marion State Representative John Bradley is sponsoring a bill to encourage Illinois' pension systems to invest in companies and economic development projects within the state's borders.
House Bill 25-57 encourages Illinois' pension funds to invest in projects, businesses and development within the state, whenever it is financially prudent to do so. In addition, each September, pension funds will be required to report upon the investments made by the fund, including the primary location of the business or project.
The legislation passed the Illinois House and currently awaits further action in the Senate.
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