The Illinois General Assembly is in full swing with over 6,700 bills being introduced over the last several weeks. I have identified some key pieces of legislation that is on the NACC Business Works Committee radar taht could potentially impact our Chamber Members. 9% Prejudgment Interest Bill | HB 3360 This bill would require payment of prejudgment interest (at a rate of 9% a year) in civil cases, including medical malpracticeContinue reading
As most would agree, there is a level of relief that the drama around the Nov. 2020 election is in our rearview mirror. However, we are on the heels of the not so much talked-about April 6th “consolidated election” where we will elect city council members, park district and school district board members, as wellContinue reading
End of Year Member Survey We are keenly concerned with how our business community continues to navigate the challenges brought about by the pandemic. We have sent questionnaires periodically throughout to last 10 months to take a pulse as we moved through different “Restore Illinois Mitigations”. We have created a 2020 End of Year QuestionnaireContinue reading
Federal Stimulus Update We were encouraged to learn last week that a bipartisan group of Senators and Representatives have a new COVID-19 emergency relief framework proposal in play. There has been an agreement between Nancy Pelosi (Speaker of the House) and Mitch McConnell (Senate Majority Leader) that this new legislation should be the framework in which to fund the nextContinue reading
“Too Close to Call” seemed to the be mantra throughout election night and for the days following. One thing that was consistent among many of the local, state and federal races is the small margins between the party candidates. Democrats are expected to keep majority control of the U.S. House, although they will have aContinue reading
In the final days before the November 2020 election, I want to give you some parting words before you cast your vote regarding the Graduated Income Tax referendum. The NACC has taken a strong position in opposition to the many threats it poses to the business community and encourages you to vote “NO” on theContinue reading
Electronic Certificate of Origin Now Available through NACC Website This is big news for our Chamber Members who export goods to other countries and those exploring expanding their markets internationally. A Certificate of Origin (CO) is an important international trade document attesting that goods in a particular export shipment are wholly obtained, produced, manufactured, orContinue reading
The NACC continues to be vigilant protecting the interests of our business community. Two major issues we are keeping an eye on this week are: Governor Pritzker’s new proposed emergency rules for establishments to require masks or face significant fines Update on federal Phase IV stimulus package and how it’s shaping up for support ofContinue reading
As a young person who is one semester away from completing two master’s degrees, I constantly ask myself whether I can afford to move back to Illinois. I can easily list off the names of people who already left our communities to live in other states. According to a 2018 study conducted by the UniversityContinue reading
The NACC is involved with tracking and influencing policy at the federal, state and local level. Below, I have highlighted some key policies that have come to fruition in recent weeks that could impact your business: FEDERAL LEVEL Congress Made Much Needed Fixes to the PPP Loan We are delighted that Congress passed legislation toContinue reading
