SPRINGFIELD – The secretary of state will be required to publish publicly-accessible data on a daily basis under a new law sponsored by State Senator John Connor (D-Lockport) and signed Friday.

“Illinois is the only state that does not offer its business data for free online,” Connor said. “This legislation will bring us into the 21^st century and will substantially increase our transparency and efficiency as a state.”

Under the new law, the secretary of state will be required to publish a daily list of all newly formed corporations, both business and non-profit, chartered on that day. The list will be made available as open data and accessible to the general public.

“Not only does this legislation help our residents better understand the opportunities that they have available to them, but it has the potential to bring in entrepreneurs and investors from other states who were not previously able to view Illinois’ business data,” Connor said.

House Bill 115 takes effect Jan. 1, 2022.