Amendment of Municipal Code Chapter 2-32 by adding new Section 2-32-535 prohibiting City funds from being invested in certain investment instruments, entities or funds

• Record number: O2025-0021049
• Type: Ordinance; category: Municipal Code Amendments
• Status: In Committee
• Sponsor: Raymond A. Lopez (15th Ward)
• Committee: Committee on Finance
• Submitted Date: Nov 14, 2025
• Introduction Date: Nov 14, 2025
• Official record: Office of the City Clerk

Impact report

Written by AI from the official document. AI can make mistakes; the official document always wins.

This is a procedural report recommending that a proposed ordinance, which would add a new section to the City Code barring City funds from being invested in certain investment instruments, entities or funds, be sent to the Committee on Finance.

Who it affects

• City of Chicago taxpayers and residents: The proposed ordinance would limit where City funds can be invested, but the document does not say which investments would be banned.
• Investment firms, entities and funds: Certain investment instruments, entities or funds could be blocked from receiving City money, though the document does not name them.

What changes

• The Committee on Committees and Rules recommended sending this proposed ordinance to the Committee on Finance for review.
• If later passed, a new Section 2-32-535 would be added to Chapter 2-32 of the Municipal Code.
• The new section would prohibit City funds from being invested in certain investment instruments, entities or funds.
• The motion to re-refer the item received a Do Pass recommendation by voice vote on July 9, 2026.