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Bill > HB5959
MI HB5959
MI HB5959Economic development: Michigan strategic fund; compliance with the Uyghur Forced Labor Prevention Act; provide for. Amends sec. 4 of 1984 PA 270 (MCL 125.2004) & adds sec. 7c.
summary
Introduced
09/26/2024
09/26/2024
In Committee
09/26/2024
09/26/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
102nd Legislature
Bill Summary
A bill to amend 1984 PA 270, entitled"Michigan strategic fund act,"by amending section 4 (MCL 125.2004), as amended by 2020 PA 358, and by adding section 7c.
AI Summary
This bill amends the Michigan Strategic Fund Act to prohibit the fund from providing grants, loans, or other economic assistance to any person on the "UFLPA entity list" established under the Uyghur Forced Labor Prevention Act. The bill also requires all existing and future written agreements between the fund and recipients to include provisions forfeiting future payments, requiring reimbursement of past payments plus a 10% penalty, and terminating the agreement if the recipient is added to the UFLPA entity list. This is intended to ensure the Michigan Strategic Fund's compliance with the Uyghur Forced Labor Prevention Act.
Committee Categories
Government Affairs
Sponsors (13)
Bryan Posthumus (R)*,
Greg Alexander (R),
Brian BeGole (R),
Matthew Bierlein (R),
Ann Bollin (R),
Ken Borton (R),
Will Bruck (R),
Jay DeBoyer (R),
Joseph Fox (R),
Tom Kunse (R),
Luke Meerman (R),
Angela Rigas (R),
Bill Schuette (R),
Last Action
Bill Electronically Reproduced 10/15/2024 (on 10/15/2024)
Bill Topics
International Affairs and Foreign Aid
- ‐ Human Rights
Macroeconomics
- ‐ Industrial Policy
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2024-HB-5959 | 09/26/2024 |
| BillText | https://legislature.mi.gov/documents/2023-2024/billintroduced/House/htm/2024-HIB-5959.htm | 09/26/2024 |
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