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| 1 | AN ACT concerning State government. | |||||||||||||||||||
| 2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
| 3 | represented in the General Assembly: | |||||||||||||||||||
| 4 | Section 1. Short title. This Act may be cited as the | |||||||||||||||||||
| 5 | Economic Stabilization and Resilience Commission Act. | |||||||||||||||||||
| 6 | Section 5. Economic Stabilization and Resilience | |||||||||||||||||||
| 7 | Commission. | |||||||||||||||||||
| 8 | (a) There is created the Economic Stabilization and | |||||||||||||||||||
| 9 | Resilience Commission. The purpose of the Commission is to | |||||||||||||||||||
| 10 | research and recommend strategies to disburse resources to | |||||||||||||||||||
| 11 | deliver rapid liquidity to businesses affected by immigration | |||||||||||||||||||
| 12 | enforcement disruptions. | |||||||||||||||||||
| 13 | (b) The Commission shall be composed of the following | |||||||||||||||||||
| 14 | members appointed by the Governor: | |||||||||||||||||||
| 15 | (1) 3 representatives of the State, with expertise in | |||||||||||||||||||
| 16 | economic development, revenue, or workforce policy; | |||||||||||||||||||
| 17 | (2) one representative of a municipal government; | |||||||||||||||||||
| 18 | (3) one representative of a county government; | |||||||||||||||||||
| 19 | (4) 2 representatives of statewide or regional | |||||||||||||||||||
| 20 | business advocacy organizations, including chambers of | |||||||||||||||||||
| 21 | commerce; | |||||||||||||||||||
| 22 | (5) one representative with expertise in immigration | |||||||||||||||||||
| 23 | law or immigration policy; and | |||||||||||||||||||
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| 1 | (6) one representative of a financial institution or | ||||||
| 2 | lending organization with experience serving small | ||||||
| 3 | businesses. | ||||||
| 4 | (c) The chairperson of the Commission shall be elected | ||||||
| 5 | from the Commission's membership by a simple majority vote of | ||||||
| 6 | the total membership of the Commission. The vice-chairperson | ||||||
| 7 | of the Commission shall be elected from the Commission's | ||||||
| 8 | membership by a simple majority vote of the total membership | ||||||
| 9 | of the Commission. | ||||||
| 10 | (d) The Governor shall make the initial appointments to | ||||||
| 11 | the Commission within 30 days after the effective date of this | ||||||
| 12 | Act. | ||||||
| 13 | (e) All members shall be appointed for terms of 3 years. No | ||||||
| 14 | member shall serve more than 2 consecutive terms. A member | ||||||
| 15 | shall serve until his or her successor is appointed and | ||||||
| 16 | qualified. | ||||||
| 17 | (f) Vacancies in Commission membership shall be filled in | ||||||
| 18 | the same manner as initial appointments. Appointments to fill | ||||||
| 19 | vacancies occurring before the expiration of a term shall be | ||||||
| 20 | for the remainder of the unexpired term. | ||||||
| 21 | (g) Total membership of the Commission consists of the | ||||||
| 22 | number of members serving on the Commission not including any | ||||||
| 23 | vacant positions. A quorum shall consist of a simple majority | ||||||
| 24 | of total membership and shall be sufficient to conduct the | ||||||
| 25 | transaction of business of the Commission, unless stipulated | ||||||
| 26 | otherwise in the by-laws of the Commission. | ||||||
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| 1 | (h) The Commission shall meet at least quarterly through | ||||||
| 2 | December 31, 2027 and afterward shall meet at the discretion | ||||||
| 3 | of the chairperson. | ||||||
| 4 | Section 10. Report. No later than December 31, 2027, the | ||||||
| 5 | Commission shall create a report and submit it to the Governor | ||||||
| 6 | and the General Assembly. The report shall include: | ||||||
| 7 | (1) recommendations to improve coordination and | ||||||
| 8 | readiness for rapid economic stabilization during | ||||||
| 9 | localized or regional market disruptions caused by federal | ||||||
| 10 | policy actions, including recommendations related to the | ||||||
| 11 | establishment of shared response protocols, roles, and | ||||||
| 12 | responsibilities among the State government, units of | ||||||
| 13 | local government, businesses, and community | ||||||
| 14 | intermediaries; | ||||||
| 15 | (2) mechanisms for timely information-sharing and | ||||||
| 16 | outreach to affected businesses; | ||||||
| 17 | (3) coordination of capital deployment and business | ||||||
| 18 | assistance through trusted intermediaries; and | ||||||
| 19 | (4) strategies to ensure that economic stabilization | ||||||
| 20 | resources reach affected commercial corridors quickly and | ||||||
| 21 | efficiently during periods of federal immigration | ||||||
| 22 | enforcement activity. | ||||||
| 23 | Section 99. Effective date. This Act takes effect upon | ||||||
| 24 | becoming law. | ||||||