PROCUREMENT-DISCLOSURE

HB 3537 amends Illinois' Procurement Code by removing the requirement for contractors to submit financial disclosure reports to the Commission on Equity and Inclusion. It maintains all other disclosure rules, including mandatory reporting of ownership stakes exceeding 5%, potential conflicts of interest (such as government employment or lobbying ties), and past disciplinary records. This change directly affects contractors and vendors bidding on state contracts exceeding the small purchase threshold, as they will now only need to submit disclosures to the Procurement Policy Board. The bill does not alter the disclosure content or requirements - only the recipient agency for these filings.