Financial equity bill attracts scrutiny; legislation ranges from pay day loans to guide water pipelines

Financial equity bill attracts scrutiny; legislation ranges from pay day loans to guide water pipelines

SPRINGFIELD – Once the General Assembly’s lame duck session relocated into its third time, lawmakers both in chambers switched their focus on a bill that is sweeping at narrowing financial disparities faced by Ebony and brown communities in Illinois.

That is one of many four pillars that define the Illinois Legislative Ebony Caucus’ agenda, which includes been the main focus associated with the lame duck session to date.

The proposed Economic Equity Act, home Bill 5871, ended up being introduced Thursday by Rep. Sonya Harper, D-Chicago, and like most of the other bills being forced by the ILBC, it drew basic praise for its intent, but critique over a wide range of particular parts.

The bill that is 334-page parts working with predatory financing, the utilization of criminal history checks in employment choices and housing, variety needs in state contracting and buying, while the reduction of lead water pipelines in public areas water systems, something that advocates say disproportionately impacts communities of color.

In addition would produce a unique African Descent-Citizens Reparations Commission that, among other activities, could be faced with developing future legislation to need corporations as well as other institutions to reveal any previous ties into the servant trade also to negotiate monetary reparations.

“This pillar is component associated with Ebony Caucus’ agenda to get rid of racism that is systemic” Harper stated associated with bill. “In this pillar, our company is handling a number of different areas such as for example banking and investment, financial flexibility, business and entrepreneurship, procurement and also the company Enterprise Program, industry-specific equity, housing, land-use gentrification, and pay equity and employees’ rights.”

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