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
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
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
Updates to Phase 3 of Restore Illinois Plan in Consultation with Health Experts Bars and Restaurants Can Open for Outdoor Seating, All State Parks to Open Building on a robust, statewide effort to ensure Illinois can safely reopen and following the data, science, and guidance from public health experts and stakeholders across the state, Governor PritzkerContinue reading
The federal CARES Act funding came and went – then got replenished. The same happened with the SBA Economic Injury Disaster Loans (EIDL). Currently, the U.S. Congress is looking at future economic stimulus packages and we have a unique opportunity coming up to impact future economic recovery policy. On Friday, May 8th at 9:30 amContinue reading
Releases Illinois Modeling Showing Significant Second Wave If Stay at Home Order Were Lifted Modified Order Includes Increased Flexibility for Residents and Non-Essential Businesses, Requires Face Coverings in Public Based on data from scientists and health experts and after consulting with stakeholders across the state, Governor JB Pritzker announced that he will sign aContinue reading
