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Who Must File and What Must be Disclosed on the New Statement of Economic Interest Forms

Apr 7, 2022

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As the annual May 1 deadline for filing Statements of Economic Interest (“SOEI”) forms approaches, public officials and employees are adjusting to significant changes to the disclosure form required by the Illinois Governmental Ethics Act. As we noted in our February Law Alert, Public Act 102-0664 created new questions for the SOEI form and technical definitions that are critical to correctly answering those questions. On March 24, the Illinois Secretary of State published new guidance regarding SOEI forms, but the guidance did not address many substantive issues raised by the new definitions.