Bill Text: IL SB2215 | 2021-2022 | 102nd General Assembly | Introduced

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Bill Title: Amends the State Officials and Employees Ethics Act. Provides that no member of the General Assembly or immediate family member of the member shall, during that member's term of office, hold any ownership interest in any privately held cannabis enterprise or business, or any interest in a publicly traded cannabis company, other than a passive interest in such company. Provides that no employee of the General Assembly or of a member shall, during his or her employment, hold any ownership interest in any privately held cannabis enterprise or business, or any interest in a publicly traded cannabis company, other than a passive interest in such company. Provides that any member or immediate family member of the member holding an ownership interest in any cannabis enterprise or business as of the effective date of this amendatory Act shall divest himself or herself of that interest. Provides that any employee of the General Assembly or of a member holding an ownership interest in any cannabis enterprise or business as of the effective date of this amendatory Act shall divest himself or herself of that interest. Provides that no member or immediate family member of the member shall, during that member's term of office, receive any form of compensation for services rendered to or employment with any cannabis enterprise or business. Provides that no employee of the General Assembly or of a member shall, during his or her employment, receive any form of compensation for services rendered to or employment with any cannabis enterprise or business. Defines "immediate family member".

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-04-16 - Rule 3-9(a) / Re-referred to Assignments [SB2215 Detail]

Download: Illinois-2021-SB2215-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 SB2215 Introduced 2/26/2021, by Sen. Jason Plummer SYNOPSIS AS INTRODUCED:
5 ILCS 430/5-70 new
Amends the State Officials and Employees Ethics Act. Provides that no member of the General Assembly or immediate family member of the member shall, during that member's term of office, hold any ownership interest in any privately held cannabis enterprise or business, or any interest in a publicly traded cannabis company, other than a passive interest in such company. Provides that no employee of the General Assembly or of a member shall, during his or her employment, hold any ownership interest in any privately held cannabis enterprise or business, or any interest in a publicly traded cannabis company, other than a passive interest in such company. Provides that any member or immediate family member of the member holding an ownership interest in any cannabis enterprise or business as of the effective date of this amendatory Act shall divest himself or herself of that interest. Provides that any employee of the General Assembly or of a member holding an ownership interest in any cannabis enterprise or business as of the effective date of this amendatory Act shall divest himself or herself of that interest. Provides that no member or immediate family member of the member shall, during that member's term of office, receive any form of compensation for services rendered to or employment with any cannabis enterprise or business. Provides that no employee of the General Assembly or of a member shall, during his or her employment, receive any form of compensation for services rendered to or employment with any cannabis enterprise or business. Defines "immediate family member".
LRB102 11540 RJF 16874 b
A BILL FOR
SB2215 LRB102 11540 RJF 16874 b
AN ACT concerning government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The State Officials and Employees Ethics Act is
amended by adding Section 5-70 as follows:
(5 ILCS 430/5-70 new)
Sec. 5-70. Prohibition on cannabis enterprise ownership.
(a) No member or immediate family member of the member
shall, during that member's term of office, hold any ownership
interest in any privately held cannabis enterprise or
business, or any interest in a publicly traded cannabis
company, other than a passive interest in such company. No
employee of the General Assembly or of a member shall, during
his or her employment, hold any ownership interest in any
privately held cannabis enterprise or business, or any
interest in a publicly traded cannabis company, other than a
passive interest in such company.
(b) Any member or immediate family member of the member
holding an ownership interest as prohibited under subsection
(a) as of the effective date of this amendatory Act of the
102nd General Assembly shall divest himself or herself of that
interest within 30 days after the effective date of this
amendatory Act of the 102nd General Assembly. Any employee of

SB2215 - 2 - LRB102 11540 RJF 16874 b
the General Assembly or of a member holding an ownership
interest as prohibited under subsection (a) as of the
effective date of this amendatory Act of the 102nd General
Assembly shall divest himself or herself of that interest
within 30 days after the effective date of this amendatory Act
of the 102nd General Assembly.
(c) No member or immediate family member of the member
shall, during that member's term of office, receive any form
of compensation for services rendered to or employment with
any cannabis enterprise or business. No employee of the
General Assembly or of a member shall, during his or her
employment, receive any form of compensation for services
rendered to or employment with any cannabis enterprise or
business.
(d) For the purposes of this Section only, "immediate
family member" means anyone living with a member, or a spouse,
child, sibling, or parent of a member, regardless of whether
that person lives with the member.