Illinois SB 3155: INVEST IL-COUNTRIES OF CONCERN
Status: Referred to Assignments (as of 2026-02-02)
State: Illinois · Session: 104th · Bill: SB 3155
Sponsors: Neil Anderson
Bill Text
• Illinois General Assembly - Full Text of SB3155 • • • • • • • • • • • • Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. Choose Language English Afrikaans Albanian Arabic Armenian Azerbaijani Basque Bengali Bosnian Catalan Croatian Czech Danish Dutch Esperanto Estonian Filipino Finnish French Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hungarian Icelandic Indonesian Interlingua Interlingue Inuktitut Irish Italian Japanese Javanese Kannada Khmer Korean Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malayalam Maltese Maori Marathi Myanmar Nepali Norwegian Odia Pashto Punjabi Romanian Russian Samoan Sango Sanskrit Sardinian Sindhi Sinhala Slovak Slovenian Somali Southern Sotho Spanish Sundanese Swahili Swedish Tamil Telugu Thai Tigrinya Tonga Turkish Ukrainian Urdu Vietnamese Welsh Xhosa Yiddish Yoruba Zulu Powered by Translate Close Illinois General Assembly Top Navigation Bar Translate Learn Select General Assembly Search the 104th General Assembly Enter search terms for legislation, members, committees, or schedules. ILGA.GOV • • LEGISLATION & LAWS • Bills & Resolutions • Public Acts • Illinois Compiled Statutes • Illinois Constitution • Search Legislation • Glossary • Guide • Reports & Inquiry • Legislative Reports • Special Reports • FTP Site • Legislator Lookup • Capitol Complex Phone Numbers • Rules & Regulations • Illinois Register • Administrative Rules • Senate • Members • Schedules • Committees • Request for Remote Testimony • Journals • Transcripts • Rules • Audio/Video • FOIA Information • Senate Employment Opportunities • Media Guidelines • House • Members • Schedules • Committees • Submit testimony for House Committees • Journals • Transcripts • Rules • Audio/Video • FOIA Information • House Employment Opportunities • Log In Mobile Top Bar Search the 104th General Assembly Enter keywords to search the Illinois General Assembly website. Full Text of SB3155 • Home • Legislation • Full Text SB3155 - 104th General Assembly • Bill Status • Full Text • Votes • Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Printer Friendly Version Introduced Open PDF 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB3155 Introduced 2/2/2026, by Sen. Neil Anderson SYNOPSIS AS INTRODUCED: 30 ILCS 751/51 new Amends the Invest in Illinois Act. Provides that no award of economic incentives may be made under the Act to an entity if (i) the entity is organized under the laws of or has its principal place of business in a foreign country of concern or (ii) the government of a foreign country of concern has a controlling interest in the entity. LRB104 19268 HLH 32714 b A BILL FOR SB3155LRB104 19268 HLH 32714 b 1 AN ACT concerning finance. 2 Be it enacted by the People of the State of Illinois, 3represented in the General Assembly: 4 Section 5. The Invest in Illinois Act is amended by adding 5Section 51 as follows: 6 (30 ILCS 751/51 new) 7 Sec. 51. Countries of concern. 8 (a) Notwithstanding any other provision of law, no award 9of economic incentives may be made under this Act to an entity 10if (i) the entity is organized under the laws of or has its 11principal place of business in a foreign country of concern or 12(ii) the government of a foreign country of concern has a 13controlling interest in the entity. 14 (b) As used in this Section: 15 "Controlling interest" means possession of the power to 16direct or cause the direction of the management or policies of 17a company, whether through ownership of securities, by 18contract, or otherwise. A person or entity that directly or 19indirectly has the right to vote 25% or more of the voting 20interests of the company or is entitled to 25% or more of the 21company's profits is presumed to possess a controlling 22interest. 23 "Foreign country of concern" means the People's Republic SB3155- 2 -LRB10
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