[If the state passes the bill into law,Bye-bye Illinois – not because women and black Americans should not make policy decisions for businesses, but because the concept is racial and gender discrimination, it violates the property rights of stockholders, and it increases the risk of business failure by forcing owners to place social considerations above efficiency.] -GEG

The Illinois House of Representatives has passed a bill mandating that all publicly-traded companies headquartered in the state will need to have a woman and an African-American sitting on its corporate board by 2021.

Failure to comply could result in fines of up to $300,000.