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| | HB5326 Engrossed | | LRB102 24892 SPS 34142 b |
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| 1 | | AN ACT concerning business.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Business Corporation Act of 1983 is amended |
| 5 | | by adding Section 14.40 as follows:
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| 6 | | (805 ILCS 5/14.40 new) |
| 7 | | Sec. 14.40. State contractors reporting. |
| 8 | | (a) Except as provided for in subsection (b), as soon as |
| 9 | | practical after the effective date of this amendatory Act of |
| 10 | | the 102nd General Assembly, but no later than January 1, 2023, |
| 11 | | a corporation that has contracts with this State shall include |
| 12 | | as part of its annual report submitted to the Secretary of |
| 13 | | State under this Act a list of its professional services |
| 14 | | suppliers by category, including, but not limited to, legal |
| 15 | | services, accounting services, media placement, technology |
| 16 | | services, asset management, and consulting services. The list |
| 17 | | shall include the percentage of owners and employees in each |
| 18 | | category that are women or are members of a minority group. The |
| 19 | | list shall identify minority groups with specificity, |
| 20 | | including, but not limited to, African American, Latin |
| 21 | | American, and Asian American and Pacific Islander. |
| 22 | | (b) Corporations that submit annual supplier diversity |
| 23 | | reports to the Illinois Commerce Commission in accordance with |