Full Text of SB0812 100th General Assembly
SB0812sam001 100TH GENERAL ASSEMBLY | Sen. Martin A. Sandoval Filed: 3/10/2017
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| 1 | | AMENDMENT TO SENATE BILL 812
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 812 by replacing | 3 | | everything after the enacting clause with the following:
| 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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