Illinois General Assembly - Bill Status for SB2487
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 Bill Status of SB2487  100th General Assembly


Senate Sponsors
Sen. Jacqueline Y. Collins

Last Action
DateChamber Action
  4/13/2018SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
30 ILCS 235/6.3 new
205 ILCS 5/47.5 new
205 ILCS 205/9008.5 new
205 ILCS 305/9.5 new

Synopsis As Introduced
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.

DateChamber Action
  1/31/2018SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  1/31/2018SenateFirst Reading
  1/31/2018SenateReferred to Assignments
  2/7/2018SenateAssigned to Financial Institutions
  4/13/2018SenateRule 3-9(a) / Re-referred to Assignments

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