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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