RAILROADS-MINORITY PROCUREMENT

Amends the Illinois Vehicle Code. Provides that the Illinois Commerce Commission shall require all regulated railroads under its authority to submit an annual report on all procurement goals and actual spending for minority-owned, women-owned, veteran-owned, and small business enterprises. Provides that each regulated railroad shall submit the rules, regulations, and definitions used for its procurement goals in each report. Provides that the Commission, working in consultation with the Capital Development Board, shall develop and issue a proposed format for each report. Provides that the Commission shall publish each report on its website and shall maintain each report for at least 5 years. Effective immediately.