SB3941 Summary

• Creates a uniform statement of economic interest form for all filers under the Illinois Governmental Ethics Act, replacing separate forms previously required for different categories of filers.

• Establishes specific disclosure thresholds: assets over $10,000, income sources over $2,500, debts over $5,000, and gifts over $500 from a single source must be reported.

• Authorizes the Secretary of State to establish an electronic filing system for statements of economic interests, in addition to existing county clerk filing options.

• Repeals the provision requiring a separate form for persons filing statements of economic interests with county clerks.

• Takes effect January 1, 2014.