Illinois House Bill 1960
Session 102nd
Black Wall Street Program
Active
Failed in House on Jan 10, 2023
Sponsors
2 Sponsors
Thaddeus Jones
Napoleon Harris, III
First Action
Feb 16, 2021
Latest Action
Jan 10, 2023
Origin Chamber
House
Type
Bill
Bill Number
1960
State
Illinois
Session
102nd
Napoleon Harris, III
grade
Primary
Thaddeus Jones
grade
Primary
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
Cosponsor
checkPassed on April 21, 2021
Motion Text
Third Reading
House Roll Call Votes
Yes
Yes
Yes
Yes
Yes
Bennett
Yes
Yes
Yes
Yes
Yes
Collins
Yes
Costa Howard
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Harris
Yes
Hernandez, Barbara
Yes
Hernandez, Elizabeth
Yes
Yes
Yes
Excused
Yes
Jones
Yes
Yes
Yes
Yes
Morrison
Yes
Murphy
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Williams, Ann
Yes
Williams, Jawaharial
Yes
Yang Rohr
Yes
Summary
Creates the Black Wall Street Program Act. Requires the Department of Commerce and Economic Opportunity to create and administer the Black Wall Street Program to provide loans and financial assistance to designated communities for the creation of Black Wall Street Business Districts. Specifies further requirements concerning Program eligibility and the disbursement of loan funds under the Program. Requires each municipality receiving a loan under the Program to establish a municipal investment program by which loan funds are dispersed to qualified African American business entities and persons for the purpose of establishing Black Wall Street Business Districts. Allows for the use of loan funds to invest in, issue, or sell bonds for the purpose of the construction of Black Wall Street Business Districts and all related matters. Requires the Department to compile and make available to the public a database of qualified African American contractors and engineers. Requires the Department to create and administer a Black Wall Street Investment Hub for the purposes of providing specified assistance to African American business entities and persons in establishing Black Wall Street businesses. Provides for the adoption of administrative rules. Creates the Black Wall Street Fund as a special fund in the State treasury for specified purposes. Defines terms. Makes conforming changes.
Introduced
Engrossed
Senate Amendment 001
01/10/2023
House
Session Sine Die
06/15/2021
Senate
Rule 3-9(a) / Re-referred to Assignments
05/31/2021
Senate
Rule 2-10 Third Reading Deadline Established As June 15, 2021
05/30/2021
Senate
Added as Alternate Co-Sponsor Sen. Christopher Belt
05/30/2021
Senate
Added as Alternate Co-Sponsor Sen. Adriane Johnson
05/25/2021
Senate
Senate Floor Amendment No. 2 Pursuant to Senate Rule 3-8 (b-1) this amendment will remain in the Committee on Assignments.
05/25/2021
Senate
Senate Floor Amendment No. 1 Pursuant to Senate Rule 3-8 (b-1) this amendment will remain in the Committee on Assignments.
05/21/2021
Senate
Senate Floor Amendment No. 2 Referred to Assignments
05/21/2021
Senate
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Napoleon Harris, III
05/21/2021
Senate
Senate Floor Amendment No. 1 Referred to Assignments
05/21/2021
Senate
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Napoleon Harris, III
05/20/2021
Senate
Placed on Calendar Order of 3rd Reading May 21, 2021
05/20/2021
Senate
Second Reading
05/20/2021
Senate
Added as Alternate Chief Co-Sponsor Sen. Elgie R. Sims, Jr.
05/19/2021
Senate
Added as Alternate Co-Sponsor Sen. Patricia Van Pelt
05/19/2021
Senate
Placed on Calendar Order of 2nd Reading May 20, 2021
05/19/2021
Senate
Do Pass Executive; 013-000-000
05/14/2021
Senate
Added as Alternate Co-Sponsor Sen. Elgie R. Sims, Jr.
05/11/2021
Senate
Added as Alternate Chief Co-Sponsor Sen. John Connor
05/10/2021
Senate
Re-assigned to Executive
05/10/2021
Senate
Re-referred to Assignments
05/07/2021
Senate
Added as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins
05/04/2021
Senate
Added as Alternate Chief Co-Sponsor Sen. Doris Turner
05/04/2021
Senate
Assigned to Commerce
04/29/2021
Senate
Referred to Assignments
04/29/2021
Senate
First Reading
04/29/2021
Senate
Chief Senate Sponsor Sen. Napoleon Harris, III
04/21/2021
Senate
Placed on Calendar Order of First Reading April 22, 2021
04/21/2021
Senate
Arrive in Senate
04/21/2021
House
Third Reading - Consent Calendar - Passed 117-000-000
04/16/2021
House
Third Reading - Consent Calendar - First Day
04/14/2021
House
Placed on Calendar Order of 3rd Reading - Consent Calendar
04/14/2021
House
Held on Calendar Order of Second Reading - Consent Calendar
04/14/2021
House
Second Reading - Consent Calendar
04/08/2021
House
Added Co-Sponsor Rep. Carol Ammons
03/18/2021
House
Placed on Calendar 2nd Reading - Consent Calendar
03/17/2021
House
Do Pass / Consent Calendar Economic Opportunity & Equity Committee; 008-000-000
03/17/2021
House
Added Co-Sponsor Rep. Debbie Meyers-Martin
03/09/2021
House
Assigned to Economic Opportunity & Equity Committee
02/24/2021
House
Added Co-Sponsor Rep. Nicholas K. Smith
02/17/2021
House
Referred to Rules Committee
02/17/2021
House
First Reading
02/16/2021
House
Filed with the Clerk by Rep. Thaddeus Jones
Sources
IL Legislature
Record Created
Feb 17, 2021 2:11:24 AM
Record Updated
Feb 1, 2023 7:41:32 AM