IL SB2487 | 2017-2018 | 100th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 31 2018 - 25% progression
Action: 2018-04-13 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Public Funds Investment Act, the Illinois Banking Act, the Savings Bank Act, and the Illinois Credit Union Act. Requires any financial institution or other entity receiving public funds, State bank, savings bank, and credit union with assets of at least $100,000,000 to submit an annual report on its voluntary supplier diversity program to the Department of Financial and Professional Regulation. Sets forth provisions on what the report must include and how and when the report must be submitted. Provides that, for each report, the Department shall publish the results on its Internet website for 5 years after submission. Requires the Department to hold an annual supplier diversity workshop in February of 2019 and every February thereafter to discuss the reports with representatives of the financial institutions, State banks, savings banks, or credit unions and vendors. Provides that the Department shall prepare a template for voluntary supplier diversity reports. Effective immediately.

Tracking Information

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Title

BANKS-SUPPLIER DIVERSITY

Sponsors


History

DateChamberAction
2018-04-13SenateRule 3-9(a) / Re-referred to Assignments
2018-02-07SenateAssigned to Financial Institutions
2018-01-31SenateReferred to Assignments
2018-01-31SenateFirst Reading
2018-01-31SenateFiled with Secretary by Sen. Jacqueline Y. Collins

Code Citations

ChapterArticleSectionCitation TypeStatute Text
2052059008.5New CodeSee Bill Text
2053059.5New CodeSee Bill Text
205547.5New CodeSee Bill Text
302356.3New CodeSee Bill Text

Illinois State Sources


Bill Comments

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