HB2937 - 104th General Assembly (2025-2026)
INCLUSIVE VENTURE INVESTMENT
Last Action
2/17/2026 - House: Assigned to Executive Committee
Hearings
Executive Committee Hearing Feb 25 2026 10:00AM Capitol Building Room 118 Springfield, IL
Statutes Amended In Order of Appearance
Synopsis As Introduced
Creates the Inclusive Venture Investment Act. Provides that the State Treasurer shall create a Direct Matching Funds Program. Provides that the purpose of the program shall be to leverage State-managed funds for investments in minority-owned venture capital firms, minority-owned financial managers, and minority-led startups. Sets forth provisions for investment requirements and incentives; administration; transparency and reporting; oversight and compliance; confidentiality; and rulemaking. Effective July 1, 2026.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/05/2025 | House | Filed with the Clerk by Rep. Maurice A. West, II |
| 2/06/2025 | House | First Reading |
| 2/06/2025 | House | Referred to Rules Committee |
| 3/04/2025 | House | Assigned to Executive Committee |
| 3/21/2025 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2/17/2026 | House | Assigned to Executive Committee |