Bill Status of SB1917

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SB1917 - 104th General Assembly

DETERRENT ACT
Last Action
2/06/2025 - Senate: Referred to Assignments
Statutes Amended In Order of Appearance
New Act
Synopsis As Introduced
Creates the Illinois Defending Education Transparency and Ending Rogue Regimes Engaging in Nefarious Transactions (DETERRENT) Act. Requires an institution to file a disclosure report annually on July 1 when: (1) an institution received a gift from, or entered into a contract with, a foreign source, other than a foreign country of concern or foreign entity of concern, with a value of $50,000 or more, or an undetermined value; (2) an institution receives a gift from a foreign country of concern or foreign entity of concern of any dollar amount; (3) an institution enters into a contract with a foreign country of concern or foreign entity of concern after receiving a waiver for such contract; or (4) an institution is substantially controlled by a foreign source. Requires the Board of Higher Education to establish and maintain a searchable, public database on the Board's website that: (1) contains all reports submitted; (2) includes any information provided in such reports; (3) is searchable and sortable by date filed, date of the gift received or contract entered into, by attributable country of the gift or contract, and by institution; (4) indicates whether a gift is from a foreign government or from a foreign source that is not a foreign government; and (5) indicates when a report does not contain the name or address of a foreign source. Prohibits an institution from entering into any contracts with foreign entities of concern or countries of concern. Provides that private institutions with endowments above $6,000,000,000 or with investments of concern above $250,000,000 shall report: (1) a list of the investments of concern; (2) the aggregate fair market value of all investments of concern; (3) the combined value of all investments of concern; and (4) the combined value of all capital gains from such sales of investments of concern. Sets forth how the Act may be enforced, including fines for violations.
Actions
Date Chamber Action
2/06/2025 Senate Filed with Secretary by Sen. Chris Balkema
2/06/2025 Senate First Reading
2/06/2025 Senate Referred to Assignments
3/06/2025 Senate Added as Co-Sponsor Sen. Neil Anderson
3/10/2025 Senate Added as Co-Sponsor Sen. Andrew S. Chesney
3/20/2025 Senate Added as Co-Sponsor Sen. Terri Bryant