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Sen. Martin A. Sandoval
Filed: 3/10/2017
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1 | | AMENDMENT TO SENATE BILL 812
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2 | | AMENDMENT NO. ______. Amend Senate Bill 812 by replacing |
3 | | everything after the enacting clause with the following:
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4 | | "Section 5. The Public Funds Investment Act is amended by |
5 | | adding Section 6.3 as follows: |
6 | | (30 ILCS 235/6.3 new) |
7 | | Sec. 6.3. Financial institutions supplier diversity |
8 | | report. |
9 | | (a) Any financial institution or other entity receiving |
10 | | public funds subject to the provisions of this Act with assets |
11 | | of at least $100,000,000 shall submit a 2-page report on its |
12 | | voluntary supplier diversity program to the Department of |
13 | | Financial and Professional Regulation. The report shall set |
14 | | forth all of the following: |
15 | | (1) The name, address, phone number, and e-mail address |
16 | | of the point of contact for the supplier diversity program |
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1 | | (or the financial institution's procurement program if |
2 | | there is no supplier diversity program) for vendors to |
3 | | register with the program. |
4 | | (2) Local and State certifications the financial |
5 | | institution accepts or recognizes for minority-owned, |
6 | | women-owned, or veteran-owned business status. |
7 | | (3) On the second page, a narrative explaining the |
8 | | results of the report and the tactics to be employed to |
9 | | achieve the goals of its voluntary supplier diversity |
10 | | program. |
11 | | (4) The voluntary goals, if any, for the calendar year |
12 | | for which the report is made in each category for the |
13 | | entire budget of the financial institution and the |
14 | | commodity codes or a description of particular goods and |
15 | | services for the area of procurement in which the financial |
16 | | institution expects most of those goals to focus on in that |
17 | | year. |
18 | | Each financial institution is required to submit a |
19 | | searchable .pdf report to the Department of Financial and |
20 | | Professional Regulation on or before November 15, 2018, and on |
21 | | or before November 15 every year thereafter, for the upcoming |
22 | | calendar year. |
23 | | (b) For each report submitted under subsection (a) of this |
24 | | Section, the Department of Financial and Professional |
25 | | Regulation shall publish the results on its Internet website |
26 | | for 5 years after submission. The Department of Financial and |
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1 | | Professional Regulation is not responsible for collecting the |
2 | | reports or for the content of the reports. |
3 | | (c) The Department of Financial and Professional |
4 | | Regulation shall hold an annual financial institution supplier |
5 | | diversity workshop in February of 2019 and every February |
6 | | thereafter to discuss the reports with representatives of the |
7 | | financial institutions and vendors. |
8 | | (d) The Department of Financial and Professional |
9 | | Regulation shall prepare a one-page template (not including the |
10 | | narrative section) for the voluntary supplier diversity |
11 | | reports. |
12 | | (e) The Department of Financial and Professional |
13 | | Regulation may adopt such rules as it deems necessary to |
14 | | implement this Section. |
15 | | Section 10. The Illinois Banking Act is amended by adding |
16 | | Section 47.5 as follows: |
17 | | (205 ILCS 5/47.5 new) |
18 | | Sec. 47.5. State bank supplier diversity report. |
19 | | (a) Any State bank with assets of at least $100,000,000 |
20 | | shall submit a 2-page report on its voluntary supplier |
21 | | diversity program to the Department. The report shall set forth |
22 | | all of the following: |
23 | | (1) The name, address, phone number, and e-mail address |
24 | | of the point of contact for the supplier diversity program |
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1 | | (or the State bank's procurement program if there is no |
2 | | supplier diversity program) for vendors to register with |
3 | | the program. |
4 | | (2) Local and State certifications the State bank |
5 | | accepts or recognizes for minority-owned, women-owned, or |
6 | | veteran-owned business status. |
7 | | (3) On the second page, a narrative explaining the |
8 | | results of the report and the tactics to be employed to |
9 | | achieve the goals of its voluntary supplier diversity |
10 | | program. |
11 | | (4) The voluntary goals, if any, for the calendar year |
12 | | for which the report is made in each category for the |
13 | | entire budget of the State bank and the commodity codes or |
14 | | a description of particular goods and services for the area |
15 | | of procurement in which the State bank expects most of |
16 | | those goals to focus on in that year. |
17 | | Each State bank is required to submit a searchable .pdf |
18 | | report to the Department on or before November 15, 2018, and on |
19 | | or before November 15 every year thereafter, for the upcoming |
20 | | calendar year. |
21 | | (b) For each report submitted under subsection (a) of this |
22 | | Section, the Department shall publish the results on its |
23 | | Internet website for 5 years after submission. The Department |
24 | | is not responsible for collecting the reports or for the |
25 | | content of the reports. |
26 | | (c) The Department shall hold an annual bank supplier |
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1 | | diversity workshop in February of 2019 and every February |
2 | | thereafter to discuss the reports with representatives of the |
3 | | State banks and vendors. |
4 | | (d) The Department shall prepare a one-page template (not |
5 | | including the narrative section) for the voluntary supplier |
6 | | diversity reports. |
7 | | (e) The Department may adopt such rules as it deems |
8 | | necessary to implement this Section. |
9 | | Section 15. The Savings Bank Act is amended by adding Section |
10 | | as follows: |
11 | | (205 ILCS 205/9008.5 new) |
12 | | Sec. 9008.5. Savings bank supplier diversity report. |
13 | | (a) Each savings bank operating under this Act with assets |
14 | | of at least $100,000,000 shall submit a 2-page report on its |
15 | | voluntary supplier diversity program to the Department. The |
16 | | report shall set forth all of the following: |
17 | | (1) The name, address, phone number, and e-mail address |
18 | | of the point of contact for the supplier diversity program |
19 | | (or the savings bank's procurement program if there is no |
20 | | supplier diversity program) for vendors to register with |
21 | | the program. |
22 | | (2) Local and State certifications the savings bank |
23 | | accepts or recognizes for minority-owned, women-owned, or |
24 | | veteran-owned business status. |
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1 | | (3) On the second page, a narrative explaining the |
2 | | results of the report and the tactics to be employed to |
3 | | achieve the goals of its voluntary supplier diversity |
4 | | program. |
5 | | (4) The voluntary goals, if any, for the calendar year |
6 | | for which the report is made in each category for the |
7 | | entire budget of the savings bank and the commodity codes |
8 | | or a description of particular goods and services for the |
9 | | area of procurement in which the savings bank expects most |
10 | | of those goals to focus on in that year. |
11 | | Each savings bank is required to submit a searchable .pdf |
12 | | report to the Department on or before November 15, 2018, and on |
13 | | or before November 15 every year thereafter, for the upcoming |
14 | | calendar year. |
15 | | (b) For each report submitted under subsection (a) of this |
16 | | Section, the Department shall publish the results on its |
17 | | Internet website for 5 years after submission. The Department |
18 | | is not responsible for collecting the reports or for the |
19 | | content of the reports. |
20 | | (c) The Department shall hold an annual savings bank |
21 | | supplier diversity workshop in February of 2019 and every |
22 | | February thereafter to discuss the reports with |
23 | | representatives of the savings banks and vendors. |
24 | | (d) The Department shall prepare a one-page template (not |
25 | | including the narrative section) for the voluntary supplier |
26 | | diversity reports. |
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1 | | (e) The Department may adopt such rules as it deems |
2 | | necessary to implement this Section. |
3 | | Section 20. The Illinois Credit Union Act is amended by adding |
4 | | Section as follows: |
5 | | (205 ILCS 305/9.5 new) |
6 | | Sec. 9.5. Credit union supplier diversity report. |
7 | | (a) Each credit union operating under this Act with assets |
8 | | of at least $100,000,000 shall submit a 2-page report on its |
9 | | voluntary supplier diversity program to the Department. The |
10 | | report shall set forth all of the following: |
11 | | (1) The name, address, phone number, and e-mail address |
12 | | of the point of contact for the supplier diversity program |
13 | | (or the credit union's procurement program if there is no |
14 | | supplier diversity program) for vendors to register with |
15 | | the program. |
16 | | (2) Local and State certifications the credit union |
17 | | accepts or recognizes for minority-owned, women-owned, or |
18 | | veteran-owned business status. |
19 | | (3) On the second page, a narrative explaining the |
20 | | results of the report and the tactics to be employed to |
21 | | achieve the goals of its voluntary supplier diversity |
22 | | program. |
23 | | (4) The voluntary goals, if any, for the calendar year |
24 | | for which the report is made in each category for the |
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1 | | entire budget of the credit union and the commodity codes |
2 | | or a description of particular goods and services for the |
3 | | area of procurement in which the credit union expects most |
4 | | of those goals to focus on in that year. |
5 | | Each credit union is required to submit a searchable .pdf |
6 | | report to the Department on or before November 15, 2018, and on |
7 | | or before November 15 every year thereafter, for the upcoming |
8 | | calendar year. |
9 | | (b) For each report submitted under subsection (a) of this |
10 | | Section, the Department shall publish the results on its |
11 | | Internet website for 5 years after submission. The Department |
12 | | is not responsible for collecting the reports or for the |
13 | | content of the reports. |
14 | | (c) The Department shall hold an annual credit union |
15 | | supplier diversity workshop in February of 2019 and every |
16 | | February thereafter to discuss the reports with |
17 | | representatives of the credit unions and vendors. |
18 | | (d) The Department shall prepare a one-page template (not |
19 | | including the narrative section) for the voluntary supplier |
20 | | diversity reports. |
21 | | (e) The Department may adopt such rules as it deems |
22 | | necessary to implement this Section. |
23 | | Section 99. Effective date. This Act takes effect upon becoming |
24 | | law.".
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