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MI HB4882

Economic development: other; economic incentives to certain foreign countries and entities; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c.


summary

Introduced
06/28/2023
In Committee
06/28/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

102nd Legislature

Bill Summary

A bill to amend 1984 PA 270, entitled"Michigan strategic fund act,"(MCL 125.2001 to 125.2094) by adding section 7c.

AI Summary

This bill prohibits the Michigan Strategic Fund from providing grants, loans, or other economic assistance to "adversarial entities." An "adversarial entity" is defined as any entity included on the U.S. Department of Commerce's "Entity List," any person who has sworn an oath of loyalty to an entity on the Entity List, a governmental entity of a "nonmarket economy country" (as determined by the U.S. Department of Commerce), or a person who has sworn an oath of loyalty to such a governmental entity or a "state sponsor of terrorism" (as defined in federal regulations).

Committee Categories

Government Affairs

Sponsors (37)

Last Action

Bill Electronically Reproduced 06/28/2023 (on 07/18/2023)

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