IL HB5574

Prohibits employers from requiring employees to sign confidentiality provisions in settlement or termination agreements that conceal claims of discrimination, retaliation, harassment, or sexual assault in the workplace.

Allows confidentiality provisions in settlement agreements only when they relate to monetary settlement amounts or, at the employee's request, prohibit disclosure of identifying information about the employee.

Requires settlement and termination agreements to include a prominent notice informing parties that confidentiality provisions are unenforceable against employers if the employee publicly reveals sufficient details making the employer reasonably identifiable.

Permits confidential settlement agreements only when the employee requests confidentiality, receives written notice of right to legal counsel, receives valid consideration, can review for 21 calendar days, and has 7 calendar days to revoke after execution.

Applies to all settlement and termination agreements entered into on or after the effective date of this amendment to the Workplace Transparency Act.