HB 3394

  • Illinois House Bill
  • 101st Regular Session
  • Introduced in House May 30, 2019
  • Passed House Mar 29, 2019
  • Passed Senate May 30, 2019
  • Became Law Aug 27, 2019

Bus Corp-Board Race Sex

Abstract

Amends the Business Corporation Act of 1983. Provides that, no later than the close of the 2020 calendar year, a publicly held domestic or foreign corporation whose principal executive offices, according to the corporation's SEC 10-K form, are located in Illinois shall have a minimum of one female director and one African American director on its board of directors. Provides that the Secretary of State shall publish a report on its website documenting the number of corporations that have at least one female director and one African American director, the number of corporations that were in compliance at one point during the preceding calendar year, the number of corporations that moved to Illinois during the preceding calendar year, and the number of corporations that were previously subject to the requirements during the preceding year but are no longer publicly traded. Provides penalties for violations. House Committee Amendment No. 1 Removes language permitting the Secretary of State to impose penalties against himself or herself for failing to comply with specified reporting requirements. Senate Floor Amendment No. 3 Deletes reference to: 805 ILCS 5/8.10.1 new Adds reference to: 805 ILCS 5/8.12 new 805 ILCS 5/14.05 from Ch. 32, par. 14.05 Replaces everything after the enacting clause. Amends the Business Corporation Act of 1983. Provides that corporations shall report to the Secretary of State: (1) whether the corporation is a publicly held domestic or foreign corporation with its principal executive office located in Illinois; (2) data on specific qualifications, skills, and experience that the corporation considers for its board of directors, nominees for the board of directors, and executive officers; (3) whether each member of the corporation's board of directors self-identifies as a minority person and, if so, which race or ethnicity to which the member belongs; and (4) other information. Requires the Secretary to State to make the information public. Requires the University of Illinois System to review the reported information and publish on its website a report that provides aggregate data on the demographic characteristics of the boards of directors and executive officers of corporations filing an annual report for the preceding year along with an individualized rating for each corporation. Requires the establishment of a rating system assessing the representation of women and minorities on corporate boards. Provides that the report shall also identify strategies for promoting diversity and inclusion among boards of directors and corporate executive officers. Effective immediately.

Bill Sponsors (29)

La Shawn K. Ford

     
Cosponsor

Arthur Turner

     
Cosponsor

Jehan Gordon-Booth

     
Cosponsor

Votes


Actions


Aug 28, 2019

House

Added Co-Sponsor Rep. Nicholas K. Smith

Aug 27, 2019

House

Public Act . . . . . . . . . 101-0589

House

Effective Date August 27, 2019

House

Governor Approved

Jun 28, 2019

House

Sent to the Governor

Jun 01, 2019

House

3/5 Vote Required

House

Added Co-Sponsor Rep. Debbie Meyers-Martin

House

Passed Both Houses

House

House Concurs

House

Senate Floor Amendment No. 3 House Concurs 105-000-000

May 31, 2019

House

Senate Floor Amendment No. 3 Motion to Concur Recommends Be Adopted Labor & Commerce Committee; 019-010-000

House

Senate Floor Amendment No. 3 Motion to Concur Rules Referred to Labor & Commerce Committee

May 30, 2019

House

Placed on Calendar Order of Concurrence Senate Amendment(s) 3

House

Senate Floor Amendment No. 3 Motion to Concur Referred to Rules Committee

House

Senate Floor Amendment No. 3 Motion Filed Concur Rep. Emanuel Chris Welch

Senate

Added as Alternate Co-Sponsor Sen. Mattie Hunter

House

Arrived in House

Senate

Senate Committee Amendment No. 2 Tabled Pursuant to Rule 5-4(a)

Senate

Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)

Senate

Third Reading - Passed; 038-016-000

Senate

Added as Alternate Co-Sponsor Sen. Cristina Castro

May 29, 2019

Senate

Do Pass Commerce and Economic Development; 007-001-000

Senate

Added as Alternate Co-Sponsor Sen. Iris Y. Martinez

Senate

Added as Alternate Co-Sponsor Sen. Elgie R. Sims, Jr.

Senate

Added as Alternate Co-Sponsor Sen. Ram Villivalam

Senate

Added as Alternate Chief Co-Sponsor Sen. Martin A. Sandoval

Senate

Added as Alternate Chief Co-Sponsor Sen. Emil Jones, III

Senate

Placed on Calendar Order of 3rd Reading May 30, 2019

Senate

Senate Floor Amendment No. 3 Adopted; Belt

Senate

Second Reading

Senate

Senate Committee Amendment No. 2 Pursuant to Senate Rule 3-8(b-1), this amendment will remain in the Committee on Assignments.

Senate

Senate Floor Amendment No. 3 Be Approved for Consideration Assignments

Senate

Senate Floor Amendment No. 3 Referred to Assignments

Senate

Senate Floor Amendment No. 3 Filed with Secretary by Sen. Christopher Belt

Senate

Placed on Calendar Order of 2nd Reading

May 28, 2019

Senate

Senate Committee Amendment No. 2 Filed with Secretary by Sen. Christopher Belt

Senate

Senate Committee Amendment No. 2 Referred to Assignments

Senate

Re-assigned to Commerce and Economic Development

Senate

Waive Posting Notice

May 27, 2019

Senate

Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2019

May 17, 2019

Senate

Rule 3-9(a) / Re-referred to Assignments

May 16, 2019

Senate

Postponed - Commerce and Economic Development

May 14, 2019

Senate

Added as Alternate Chief Co-Sponsor Sen. Omar Aquino

May 10, 2019

Senate

Rule 2-10 Committee Deadline Established As May 17, 2019

May 08, 2019

Senate

Senate Committee Amendment No. 1 Pursuant to Senate Rule 3-8(b-1), this amendment will remain in the Committee on Assignments.

May 03, 2019

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Christopher Belt

May 02, 2019

Senate

Assigned to Commerce and Economic Development

Apr 25, 2019

Senate

Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins

Apr 04, 2019

Senate

Alternate Chief Sponsor Changed to Sen. Christopher Belt

Apr 03, 2019

Senate

Placed on Calendar Order of First Reading

Senate

Added as Alternate Chief Co-Sponsor Sen. Christopher Belt

Senate

Referred to Assignments

Senate

First Reading

Senate

Chief Senate Sponsor Sen. Cristina Castro

Senate

Arrive in Senate

Mar 29, 2019

House

Added Co-Sponsor Rep. Lamont J. Robinson, Jr.

House

Added Co-Sponsor Rep. Daniel Didech

House

Added Co-Sponsor Rep. Carol Ammons

House

Third Reading - Short Debate - Passed 061-027-000

House

Added Co-Sponsor Rep. Camille Y. Lilly

House

Added Co-Sponsor Rep. Joyce Mason

House

Added Co-Sponsor Rep. Anne Stava-Murray

House

Added Co-Sponsor Rep. Marcus C. Evans, Jr.

House

Added Co-Sponsor Rep. Jehan Gordon-Booth

House

Added Co-Sponsor Rep. Maurice A. West, II

House

Added Co-Sponsor Rep. Arthur Turner

House

Added Co-Sponsor Rep. LaToya Greenwood

House

Added Co-Sponsor Rep. Justin Slaughter

Mar 28, 2019

House

Added Chief Co-Sponsor Rep. Elizabeth Hernandez

House

Added Chief Co-Sponsor Rep. La Shawn K. Ford

House

Added Chief Co-Sponsor Rep. Celina Villanueva

House

Added Chief Co-Sponsor Rep. William Davis

Mar 26, 2019

House

Second Reading - Short Debate

House

Placed on Calendar Order of 3rd Reading - Short Debate

Mar 21, 2019

House

Placed on Calendar 2nd Reading - Short Debate

Mar 20, 2019

House

House Committee Amendment No. 1 Adopted in Labor & Commerce Committee; by Voice Vote

House

Do Pass as Amended / Short Debate Labor & Commerce Committee; 018-010-000

Mar 19, 2019

House

House Committee Amendment No. 1 Rules Refers to Labor & Commerce Committee

Mar 12, 2019

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Emanuel Chris Welch

House

House Committee Amendment No. 1 Referred to Rules Committee

Mar 05, 2019

House

Assigned to Labor & Commerce Committee

Feb 15, 2019

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Emanuel Chris Welch

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Public Act
Senate Amendment 003
Senate Amendment 002
Senate Amendment 001
House Amendment 001

Sources

Data on Open States is updated nightly from the official website of the Illinois General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.