99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
HB3840
 
Introduced , by Rep. Elgie R. Sims, Jr.
 
SYNOPSIS AS INTRODUCED:



New Act

 Creates the Residential and Economic Redlining Task Force Act. Creates the Residential and Economic Redlining Task Force. Provides that the task force shall (1) prepare a report evaluating the current State laws and rules designed to curb residential and economic redlining, and (2) provide recommendations to the General Assembly as to whether further legislation is needed to address the problems of residential and economic redlining in this State. Contains a repealer provision.



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FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 


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1 AN ACT concerning regulation.


2 Be it enacted by the People of the State of Illinois,

3represented in the General Assembly:



4 Section 1. Short title. This Act may be cited as the 
5Residential and Economic Redlining Task Force Act.

6 Section 5. Residential and Economic Redlining Task Force 
7Act.
8 (a) There is hereby created the Residential and Economic 
9Redlining Task Force Act.
10 (b) The task force shall consist of the following members:
11  (1) Four members of the General Assembly, appointed one 
12 each by the President of the Senate, the Minority Leader of 
13 the Senate, the Speaker of the House of Representatives, 
14 and the Minority Leader of the House of Representatives;
15  (2) The Governor, or his or her designee;
16  (3) The Secretary of Financial and Professional 
17 Regulation, or his or her designee;
18  (4) The Secretary of Human Services, or his or her 
19 designee;
20  (5) The Attorney General of the State of Illinois, or 
21 his or her designee; and
22  (6) Two members from entities representing the 
23 interests of the retail and banking industries in this 
 
 
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1 State appointed by the Governor.
2 (c) The Secretary of Financial and Professional 
3Regulation, or his or her designee, shall serve as chairperson 
4of the task force, and the Department of Financial and 
5Professional Regulation shall provide technical support and 
6assistance to the task force and shall be responsible for 
7administering its operations and ensuring that the 
8requirements of this Act are met.
9 (d) The task force may consult with any persons or entities 
10it deems necessary to carry out its purposes.
11 (e) Members of the task force shall be appointed no later 
12than 90 days after the effective date of this Act. The members 
13of the task force shall receive no compensation for serving as 
14members of the task force.
15 (f) The task force shall (1) prepare a report evaluating 
16the current State laws and rules designed to curb residential 
17and economic redlining, and (2) provide recommendations to the 
18General Assembly as to whether further legislation is needed to 
19address the problems of residential and economic redlining in 
20this State.
21 (g) The task force shall submit its report and 
22recommendations to the General Assembly on or before January 1, 
232017.


24 Section 10. Expiration.  This Act is repealed on January 1, 
252018.