HB5326 EngrossedLRB102 24892 SPS 34142 b

1    AN ACT concerning business.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Business Corporation Act of 1983 is amended
5by adding Section 14.40 as follows:
6    (805 ILCS 5/14.40 new)
7    Sec. 14.40. State contractors reporting.
8    (a) Except as provided for in subsection (b), as soon as
9practical after the effective date of this amendatory Act of
10the 102nd General Assembly, but no later than January 1, 2023,
11a corporation that has contracts with this State shall include
12as part of its annual report submitted to the Secretary of
13State under this Act a list of its professional services
14suppliers by category, including, but not limited to, legal
15services, accounting services, media placement, technology
16services, asset management, and consulting services. The list
17shall include the percentage of owners and employees in each
18category that are women or are members of a minority group. The
19list shall identify minority groups with specificity,
20including, but not limited to, African American, Latin
21American, and Asian American and Pacific Islander.
22    (b) Corporations that submit annual supplier diversity
23reports to the Illinois Commerce Commission in accordance with



HB5326 Engrossed- 2 -LRB102 24892 SPS 34142 b

1Section 8h of the Business Enterprise for Minorities, Women,
2and Persons with Disabilities Act are exempt from the
3requirements of this Section.
4    Section 99. Effective date. This Act takes effect upon
5becoming law.