Illinois HB 5263: ECONOMIC STABILITY COMMISSION

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 Full Text of HB5263

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 HB5263 - 104th General Assembly 

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 House Amendment 001 

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HB5263 EngrossedLRB104 18810 SPS 32253 b

1 AN ACT concerning State government.

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 

5Economic Stabilization and Resilience Commission Act.

6 Section 5. Economic Stabilization and Resilience 

7Commission. 

8 (a) Subject to appropriation, there is created the 

9Economic Stabilization and Resilience Commission. The purpose 

10of the Commission is to research and recommend strategies to 

11disburse resources to deliver rapid liquidity to businesses 

12affected by immigration enforcement disruptions.

13 (b) The Commission shall be composed of the following 

14members appointed by the Governor: 

15 (1) 3 representatives of the State, with expertise in 

16 economic development, revenue, or workforce policy; 

17 (2) one representative of a municipal government; 

18 (3) one representative of a county government; 

19 (4) 2 representatives of statewide or regional 

20 business advocacy organizations, including chambers of 

21 commerce; 

22 (5) one representative with expertise in immigration 

23 law or immigration policy; and 

HB5263 Engrossed- 2 -LRB104 18810 SPS 32253 b

1 (6) one representative of a financial institution or 

2 lending organization with experience serving small 

3 businesses. 

4 (c) The chairperson of the Commission shall be elected 

5from the Commission's membership by a simple majority vote of 

6the total membership of the Commission. The vice-chairperson 

7of the Commission shall be elected from the Commission's 

8membership by a simple majority vote of the total membership 

9o