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