Illinois Senate Bill 2487 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 9 2019 - 100% progression
Action: 2019-01-09 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

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.

BANKS-SUPPLIER DIVERSITY

Sen. Jacqueline Collins [D]

Date	Chamber	Action
2019-01-09	Senate	Session Sine Die
2018-04-13	Senate	Rule 3-9(a) / Re-referred to Assignments
2018-02-07	Senate	Assigned to Financial Institutions
2018-01-31	Senate	Referred to Assignments
2018-01-31	Senate	First Reading
2018-01-31	Senate	Filed with Secretary by Sen. Jacqueline Y. Collins

Chapter	Article	Section	Citation Type	Statute Text
205	205	9008.5	New Code	See Bill Text
205	305	9.5	New Code	See Bill Text
205	5	47.5	New Code	See Bill Text
30	235	6.3	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2487&GAID=14&DocTypeID=SB&SessionID=91&GA=100
Text	https://www.ilga.gov/legislation/100/SB/10000SB2487.htm