Illinois House Bill 2937

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Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 5 2025 - 25% progression, died in committee
Action: 2026-03-27 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Creates the Inclusive Venture Investment Act. Provides that the State Treasurer shall create a Direct Matching Funds Program. Provides that the purpose of the program shall be to leverage State-managed funds for investments in minority-owned venture capital firms, minority-owned financial managers, and minority-led startups. Sets forth provisions for investment requirements and incentives; administration; transparency and reporting; oversight and compliance; confidentiality; and rulemaking. Effective July 1, 2026.

INCLUSIVE VENTURE INVESTMENT

Rep. Maurice West [D]

Date	Chamber	Action
2026-03-27	House	Rule 19(a) / Re-referred to Rules Committee
2026-02-17	House	Assigned to Executive Committee
2025-03-21	House	Rule 19(a) / Re-referred to Rules Committee
2025-03-04	House	Assigned to Executive Committee
2025-02-06	House	Referred to Rules Committee
2025-02-06	House	First Reading
2025-02-05	House	Filed with the Clerk by Rep. Maurice A. West, II

Type	Source
Summary	https://www.ilga.gov/Legislation/BillStatus?DocNum=2937&GAID=18&DocTypeID=HB&LegId=161140&SessionID=114
Text	https://www.ilga.gov/Legislation/BillStatus/FullText?LegDocId=200928&DocName=10400HB2937&DocNum=2937&DocTypeID=HB&LegID=161140&GAID=18&SessionID=114&SpecSess=&Session=