Illinois HB5072 protects lawful sustainable investment activities from out-of-state legal actions and provides recourse for Illinois residents.
HB5072 amends the Illinois Sustainable Investing Act to ensure the state does not assist out-of-state entities in imposing liability on lawful sustainable investment activities. It prohibits the use of state resources to aid such efforts. The bill also establishes that Illinois law governs any controversy related to lawful sustainable investment activity. It provides a right of action for Illinois residents who face judgments in other states for lawful sustainable investment activities permitted under Illinois law, allowing them to seek damages from those who brought the action or sought to.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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