# 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](https://www.chicagopolitics.org/ward/15) (15th Ward)
- Committee: [Committee on Finance](https://www.chicagopolitics.org/committee/finance)
- Submitted Date: Nov 14, 2025
- Introduction Date: Nov 14, 2025
- Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=0C2A41C4-7FC1-F011-BBD2-001DD80AA671)

## Impact report

> Written by AI from [the official document](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/6e39070b-0ae2-4bc2-be97-96396bd871f6.pdf). 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.

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Source: https://www.chicagopolitics.org/matter/0C2A41C4-7FC1-F011-BBD2-001DD80AA671 · Chicago Politics, an independent, nonpartisan tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt