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<xml>
<title>Illinois General Assembly - Bill Status for SB 2487         </title>
<shortdesc>BANKS-SUPPLIER DIVERSITY</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Jacqueline Y. Collins</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 235/6.3 new</reference><aliasreference></aliasreference><reference>205 ILCS 5/47.5 new</reference><aliasreference></aliasreference><reference>205 ILCS 205/9008.5 new</reference><aliasreference></aliasreference><reference>205 ILCS 305/9.5 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Public Funds Investment Act, the Illinois Banking Act, the Savings Bank Act, and the Illinois Credit Union Act. Requires any financial institution or other entity receiving public funds, State bank, savings bank, and credit union with assets of at least $100,000,000 to submit an annual report on its voluntary supplier diversity program to the Department of Financial and Professional Regulation. Sets forth provisions on what the report must include and how and when the report must be submitted. Provides that, for each report, the Department shall publish the results on its Internet website for 5 years after submission. Requires the Department to hold an annual supplier diversity workshop in February of 2019 and every February thereafter to discuss the reports with representatives of the financial institutions, State banks, savings banks, or credit unions and vendors. Provides that the Department shall prepare a template for voluntary supplier diversity reports. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/31/2018</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Jacqueline Y. Collins</action>
<statusdate>1/31/2018</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/31/2018</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/7/2018</statusdate><chamber>Senate</chamber><action>Assigned to Financial Institutions</action>
<statusdate>4/13/2018</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

