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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
3everything after the enacting clause with the following:
 
4"Section 5. The Public Funds Investment Act is amended by
5adding Section 6.3 as follows:
 
6    (30 ILCS 235/6.3 new)
7    Sec. 6.3. Financial institutions supplier diversity
8report.
9    (a) Any financial institution or other entity receiving
10public funds subject to the provisions of this Act with assets
11of at least $100,000,000 shall submit a 2-page report on its
12voluntary supplier diversity program to the Department of
13Financial and Professional Regulation. The report shall set
14forth 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
19searchable .pdf report to the Department of Financial and
20Professional Regulation on or before November 15, 2018, and on
21or before November 15 every year thereafter, for the upcoming
22calendar year.
23    (b) For each report submitted under subsection (a) of this
24Section, the Department of Financial and Professional
25Regulation shall publish the results on its Internet website
26for 5 years after submission. The Department of Financial and

 

 

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1Professional Regulation is not responsible for collecting the
2reports or for the content of the reports.
3    (c) The Department of Financial and Professional
4Regulation shall hold an annual financial institution supplier
5diversity workshop in February of 2019 and every February
6thereafter to discuss the reports with representatives of the
7financial institutions and vendors.
8    (d) The Department of Financial and Professional
9Regulation shall prepare a one-page template (not including the
10narrative section) for the voluntary supplier diversity
11reports.
12    (e) The Department of Financial and Professional
13Regulation may adopt such rules as it deems necessary to
14implement this Section.
 
15Section 10. The Illinois Banking Act is amended by adding
16Section 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
20shall submit a 2-page report on its voluntary supplier
21diversity program to the Department. The report shall set forth
22all 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

 

 

10000SB0812sam001- 4 -LRB100 09415 SMS 22903 a

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
18report to the Department on or before November 15, 2018, and on
19or before November 15 every year thereafter, for the upcoming
20calendar year.
21    (b) For each report submitted under subsection (a) of this
22Section, the Department shall publish the results on its
23Internet website for 5 years after submission. The Department
24is not responsible for collecting the reports or for the
25content of the reports.
26    (c) The Department shall hold an annual bank supplier

 

 

10000SB0812sam001- 5 -LRB100 09415 SMS 22903 a

1diversity workshop in February of 2019 and every February
2thereafter to discuss the reports with representatives of the
3State banks and vendors.
4    (d) The Department shall prepare a one-page template (not
5including the narrative section) for the voluntary supplier
6diversity reports.
7    (e) The Department may adopt such rules as it deems
8necessary to implement this Section.
 
9Section 15. The Savings Bank Act is amended by adding Section
10as 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
14of at least $100,000,000 shall submit a 2-page report on its
15voluntary supplier diversity program to the Department. The
16report 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
12report to the Department on or before November 15, 2018, and on
13or before November 15 every year thereafter, for the upcoming
14calendar year.
15    (b) For each report submitted under subsection (a) of this
16Section, the Department shall publish the results on its
17Internet website for 5 years after submission. The Department
18is not responsible for collecting the reports or for the
19content of the reports.
20    (c) The Department shall hold an annual savings bank
21supplier diversity workshop in February of 2019 and every
22February thereafter to discuss the reports with
23representatives of the savings banks and vendors.
24    (d) The Department shall prepare a one-page template (not
25including the narrative section) for the voluntary supplier
26diversity reports.

 

 

10000SB0812sam001- 7 -LRB100 09415 SMS 22903 a

1    (e) The Department may adopt such rules as it deems
2necessary to implement this Section.
 
3Section 20. The Illinois Credit Union Act is amended by adding
4Section 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
8of at least $100,000,000 shall submit a 2-page report on its
9voluntary supplier diversity program to the Department. The
10report 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

 

 

10000SB0812sam001- 8 -LRB100 09415 SMS 22903 a

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
6report to the Department on or before November 15, 2018, and on
7or before November 15 every year thereafter, for the upcoming
8calendar year.
9    (b) For each report submitted under subsection (a) of this
10Section, the Department shall publish the results on its
11Internet website for 5 years after submission. The Department
12is not responsible for collecting the reports or for the
13content of the reports.
14    (c) The Department shall hold an annual credit union
15supplier diversity workshop in February of 2019 and every
16February thereafter to discuss the reports with
17representatives of the credit unions and vendors.
18    (d) The Department shall prepare a one-page template (not
19including the narrative section) for the voluntary supplier
20diversity reports.
21    (e) The Department may adopt such rules as it deems
22necessary to implement this Section.
 
23Section 99. Effective date. This Act takes effect upon becoming
24law.".