Illinois House Bill 1960 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 12-0)
Status: Engrossed on April 21 2021 - 50% progression, died in committee
Action: 2021-06-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Engrossed) [HTML]

Creates the Black Wall Street Program Act. Requires the Department of Commerce and Economic Opportunity to create and administer the Black Wall Street Program to provide loans and financial assistance to designated communities for the creation of Black Wall Street Business Districts. Specifies further requirements concerning Program eligibility and the disbursement of loan funds under the Program. Requires each municipality receiving a loan under the Program to establish a municipal investment program by which loan funds are dispersed to qualified African American business entities and persons for the purpose of establishing Black Wall Street Business Districts. Allows for the use of loan funds to invest in, issue, or sell bonds for the purpose of the construction of Black Wall Street Business Districts and all related matters. Requires the Department to compile and make available to the public a database of qualified African American contractors and engineers. Requires the Department to create and administer a Black Wall Street Investment Hub for the purposes of providing specified assistance to African American business entities and persons in establishing Black Wall Street businesses. Provides for the adoption of administrative rules. Creates the Black Wall Street Fund as a special fund in the State treasury for specified purposes. Defines terms. Makes conforming changes.

BLACK WALL STREET PROGRAM

Rep. Thaddeus Jones [D]	Rep. Nicholas Smith [D]	Rep. Debbie Meyers-Martin [D]	Rep. Carol Ammons [D]
Sen. Napoleon Harris [D]	Sen. Doris Turner [D]	Sen. Jacqueline Collins [D]	Sen. John Connor [D]
Sen. Elgie Sims [D]	Sen. Patricia Van Pelt [D]	Sen. Adriane Johnson [D]	Sen. Christopher Belt [D]

2021-04-21 - House - Third Reading in House (Y: 117 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2021-06-15	Senate	Rule 3-9(a) / Re-referred to Assignments
2021-05-31	Senate	Rule 2-10 Third Reading Deadline Established As June 15, 2021
2021-05-30	Senate	Added as Alternate Co-Sponsor Sen. Christopher Belt
2021-05-30	Senate	Added as Alternate Co-Sponsor Sen. Adriane Johnson
2021-05-25	Senate	Senate Floor Amendment No. 2 Pursuant to Senate Rule 3-8 (b-1) this amendment will remain in the Committee on Assignments.
2021-05-25	Senate	Senate Floor Amendment No. 1 Pursuant to Senate Rule 3-8 (b-1) this amendment will remain in the Committee on Assignments.
2021-05-21	Senate	Senate Floor Amendment No. 2 Referred to Assignments
2021-05-21	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Napoleon Harris, III
2021-05-21	Senate	Senate Floor Amendment No. 1 Referred to Assignments
2021-05-21	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Napoleon Harris, III
2021-05-20	Senate	Placed on Calendar Order of 3rd Reading May 21, 2021
2021-05-20	Senate	Second Reading
2021-05-20	Senate	Added as Alternate Chief Co-Sponsor Sen. Elgie R. Sims, Jr.
2021-05-19	Senate	Added as Alternate Co-Sponsor Sen. Patricia Van Pelt
2021-05-19	Senate	Placed on Calendar Order of 2nd Reading May 20, 2021
2021-05-19	Senate	Do Pass Executive; 013-000-000
2021-05-14	Senate	Added as Alternate Co-Sponsor Sen. Elgie R. Sims, Jr.
2021-05-11	Senate	Added as Alternate Chief Co-Sponsor Sen. John Connor
2021-05-10	Senate	Re-assigned to Executive
2021-05-10	Senate	Re-referred to Assignments
2021-05-07	Senate	Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
2021-05-04	Senate	Added as Alternate Chief Co-Sponsor Sen. Doris Turner
2021-05-04	Senate	Assigned to Commerce
2021-04-29	Senate	Referred to Assignments
2021-04-29	Senate	First Reading
2021-04-29	Senate	Chief Senate Sponsor Sen. Napoleon Harris, III
2021-04-21	Senate	Placed on Calendar Order of First Reading April 22, 2021
2021-04-21	Senate	Arrive in Senate
2021-04-21	House	Third Reading - Consent Calendar - Passed 117-000-000
2021-04-16	House	Third Reading - Consent Calendar - First Day
2021-04-14	House	Placed on Calendar Order of 3rd Reading - Consent Calendar
2021-04-14	House	Held on Calendar Order of Second Reading - Consent Calendar
2021-04-14	House	Second Reading - Consent Calendar
2021-04-08	House	Added Co-Sponsor Rep. Carol Ammons
2021-03-18	House	Placed on Calendar 2nd Reading - Consent Calendar
2021-03-17	House	Do Pass / Consent Calendar Economic Opportunity & Equity Committee; 008-000-000
2021-03-17	House	Added Co-Sponsor Rep. Debbie Meyers-Martin
2021-03-09	House	Assigned to Economic Opportunity & Equity Committee
2021-02-24	House	Added Co-Sponsor Rep. Nicholas K. Smith
2021-02-17	House	Referred to Rules Committee
2021-02-17	House	First Reading
2021-02-16	House	Filed with the Clerk by Rep. Thaddeus Jones

Chapter	Article	Section	Citation Type	Statute Text
30	105	5.935	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1960&GAID=16&DocTypeID=HB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/HB/10200HB1960.htm
Text	https://www.ilga.gov/legislation/102/HB/10200HB1960eng.htm
Amendment	https://www.ilga.gov/legislation/102/HB/10200HB1960sam001.htm
Amendment	https://www.ilga.gov/legislation/102/HB/10200HB1960sam002.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/102/house/10200HB1960_04212021_048064T.pdf