Bill Title: Amends the Business Enterprise for Minorities, and Persons with Disabilities Act. Specifies further requirements in the awarding of State contracts under the Act concerning diversity and underrepresented groups. Amends the Illinois Procurement Code. Makes changes to provisions concerning competitive sealed bids and the awarding of contracts as related to diversity. Provides for diversity training. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Establishes the Illinois Small Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program. Creates the Community Development Loan Guarantee Act. Establishes the Loan Guarantee Program. Provides that the State Treasurer may establish at any eligible financial institution a Loan Guarantee Account as a special account outside the State treasury and with the State Treasurer as custodian. Provides further requirements for the Program. Creates the Illinois Community Reinvestment Act. Requires each covered financial institution to have a continuing and affirmative obligation to meet the financial services needs of the communities in which its offices, branches, and other facilities are maintained, consistent with the safe and sound operation of the financial institution, and for credit unions, consistent with its common bond. Creates the Commission on Equity and Inclusion. Provides for the membership and powers and duties of the Commission. Amends the Illinois Public Aid Code. Requires the Department shall update the Child Care Assistance Program Eligibility Calculator posted on its website to include a question on whether a family is applying for child care assistance for the first time or is applying for a redetermination of eligibility. Makes conforming and other changes. Effective immediately, except that specified provisions take effect January 1, 2022.

Spectrum: Partisan Bill (Democrat 30-0)

Status: (Enrolled - Dead) 2021-01-14 - Added as Chief Co-Sponsor Sen. Kimberly A. Lightford [SB1608 Detail]

Text: Latest bill text (Engrossed) [HTML]

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