HARVEY – State Senator Napoleon Harris is leading a measure to require insurance companies to submit diversity reports.

“Small businesses should have the support they need to accurately reflect the diversity of the state,” said Harris (D-Harvey). “There are many veteran-, minority-, and women-owned businesses throughout Illinois and we must ensure they are fairly and accurately represented.”

Senate Bill 2381 requires licensed or accredited insurance companies within the state to submit a diversity program report annually. This report would provide insight to how many companies accept or recognize minority-owned, women-owned, or veteran-owned businesses. The diversity report would help determine ways to improve and better serve various groups of businesses.

“As someone with experience in the insurance industry, I know how necessary it is to prop up small and diverse businesses with the resources needed to thrive in this economy and dismantle disparities,” said Harris. “I am committed to making an effort to support the research to do just that.”

Senate Bill 2381 passed the Senate Insurance Committee last Wednesday and will head to the floor for further deliberation.

SPRINGFIELD – State Senator Napoleon Harris (D-Harvey) released the following statement after hearing the governor’s proposal for the Fiscal Year 2024 budget:

“Illinois has worked diligently for years to revitalize our communities – which includes welcoming businesses from other states that will in turn spur job creation and economic growth. Investing in small businesses uplifts entrepreneurs and funnels funding back into our communities.”

“Ensuring that equitable opportunities are in place for minority owned businesses is necessary for the revitalization of underserved communities. As a small business owner I understand the significant value we add to society by being a local resource to our neighboring residents and how difficult it can be to recover from the residual effects of the pandemic. These proposals will not only increase employment, but will enable us to further support and build the backbone of our economy.”

“I am hopeful with the job creation and workforce development plans outlined by the governor, and look forward to ongoing negotiations in the months to come.”