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HB 3053 Illinois House · 93rd Regular Session

CORPORATE ACCOUNTABILITY

Summary
Amends the Deposit of State Moneys Act, the Public Funds Investment Act, and the Illinois Pension Code to prohibit investment in corporations formerly incorporated in the United States that have incorporated in a foreign country to avoid taxes. Amends the Criminal Code of 1961 to establish penalties for misconduct by a corporate official and fraud in insolvency and to create the Corporate Crime Fund, a special fund in the State treasury, to be used to provide restitution to victims of commercial bribery. Increases the penalties for commercial bribery.
Bill status signed all 5 stages cleared
Introduction
Mar 2003
Committee Review
Apr 2003
House Passage
May 2003
Senate Passage
May 2003
Signed into Law
Aug 2003
Introduced Mar 20, 2003 Signed Aug 8, 2003
Floor votes · Senate May 15, 2003 · House Mar 19, 2003

How they voted

43–0
Passed · 2 other
Total votes 45
May 15, 2003
D Democratic25
25 Yea
100% Yea
R Republican20
18 Yea 2
90% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
44
Key actions
6
Committee
6
Amendments
2
Aug 8, 2003
Signed into law
Governor Approved
lower
May 15, 2003
Lower · Passed
Passed Both Houses
lower
Apr 16, 2003
Upper · Passed
Do Pass Judiciary; 010-000-000
upper
Apr 3, 2003
Committee
Assigned to Judiciary
upper
Mar 26, 2003
Committee
Referred to Rules
upper
Mar 20, 2003
Introduced
Arrive in Senate
upper
Mar 19, 2003
House · Passed
House Vote: pass (89-0-5)
house
Mar 13, 2003
Lower · Passed
Do Pass as Amended / Short Debate Commerce and Business Development Committee; 018-000-000
lower
Mar 13, 2003
Lower · Passed
House Committee Amendment No. 1 Adopted in Commerce and Business Development Committee; by Voice Vote
lower
Mar 13, 2003
Introduced
House Committee Amendment No. 1 Filed with Clerk by Commerce and Business Development Committee
lower
Feb 27, 2003
Committee
Assigned to Commerce and Business Development Committee
lower
Feb 26, 2003
Committee
Referred to Rules Committee
lower
0 primary · 6 co-sponsors

Sponsors

No sponsor information available.