Bill Text: IL SB3155 | 2025-2026 | 104th General Assembly | Introduced

---

Bill Title: Amends the Invest in Illinois Act. Provides that no award of economic incentives may be made under the Act to an entity if (i) the entity is organized under the laws of or has its principal place of business in a foreign country of concern or (ii) the government of a foreign country of concern has a controlling interest in the entity.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced) 2026-02-02 - Referred to Assignments [SB3155 Detail]

Download: Illinois-2025-SB3155-Introduced.html

---

104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3155 Introduced 2/2/2026, by Sen. Neil Anderson SYNOPSIS AS INTRODUCED:
30 ILCS 751/51 new
Amends the Invest in Illinois Act. Provides that no award of economic incentives may be made under the Act to an entity if (i) the entity is organized under the laws of or has its principal place of business in a foreign country of concern or (ii) the government of a foreign country of concern has a controlling interest in the entity.
LRB104 19268 HLH 32714 b
A BILL FOR
SB3155 LRB104 19268 HLH 32714 b
AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Invest in Illinois Act is amended by adding
Section 51 as follows:
(30 ILCS 751/51 new)
Sec. 51. Countries of concern.
(a) Notwithstanding any other provision of law, no award
of economic incentives may be made under this Act to an entity
if (i) the entity is organized under the laws of or has its
principal place of business in a foreign country of concern or
(ii) the government of a foreign country of concern has a
controlling interest in the entity.
(b) As used in this Section:
"Controlling interest" means possession of the power to
direct or cause the direction of the management or policies of
a company, whether through ownership of securities, by
contract, or otherwise. A person or entity that directly or
indirectly has the right to vote 25% or more of the voting
interests of the company or is entitled to 25% or more of the
company's profits is presumed to possess a controlling
interest.
"Foreign country of concern" means the People's Republic

SB3155 - 2 - LRB104 19268 HLH 32714 b
of China, the Russian Federation, the Islamic Republic of
Iran, the Democratic People's Republic of Korea, the Republic
of Cuba, Venezuela, or the Syrian Arab Republic, including any
agency of or any other entity of significant control of such
foreign country of concern.