PROCUREMENT-DISCLOSURE

SB 2298 amends Illinois' procurement rules by removing the requirement to file financial disclosure documents with the Commission on Equity and Inclusion. The bill affects all contractors, vendors, and bidders seeking state contracts exceeding the small purchase threshold, as they must still disclose ownership interests, conflicts of interest, and lobbying relationships. The core disclosure requirements remain unchanged - entities must still submit detailed financial information, including potential conflicts with state employees or elected officials, and maintain ongoing disclosure accuracy. This is a procedural adjustment to filing locations only, not a change to disclosure content or standards. The bill does not alter the substance of financial disclosure obligations for state procurement.