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<xml>
<title>Illinois General Assembly - Bill Status for SB 1900         </title>
<shortdesc>INCLUSIVE VENTURE INVESTMENT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Elgie R. Sims, Jr.</sponsors>
</sponsor>
<lastaction>
<statusdate>2/6/2025</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>2/6/2025</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Elgie R. Sims, Jr.</action>
<statusdate>2/6/2025</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/6/2025</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
</actions>
</xml>

