HB 3894

Abstract

Amends the Business Corporation Act of 1983. Provides that as soon as practical after the effective date, but no later than January 1, 2024, a corporation that has contracts with the State shall include as part of its annual report submitted to the Secretary of State a list of its professional services suppliers by category. Provides that the list shall include the percentage of owners and employees in each category that are women or are members of a minority group. Provides that the list shall identify minority groups with specificity. Provides that corporations that submit annual supplier diversity reports to the Illinois Commerce Commission in accordance with the Business Enterprise for Minorities, Women, and Persons with Disabilities Act are exempt from the reporting requirements. Effective immediately. House Floor Amendment No. 1 Deletes reference to: 805 ILCS 5/14.40 new Adds reference to: 30 ILCS 500/55-30 new Replaces everything after the enacting clause. Amends the Illinois Procurement Code. Creates the State Procurement Diversity and Inclusion Task Force. Provides that the Task Force shall study the underrepresentation of minorities, women, and persons with disabilities, and members of the LGBTQ+ community, with regard to corporate diversity and State of Illinois procurement opportunities and awards. Sets forth the membership of the Task Force. Contains provisions concerning reports. Effective immediately.