Bill > SB0715

This bill amends the Michigan Strategic Fund Act to add provisions related to the Uyghur Forced Labor Prevention Act (UFLPA), which aims to prevent economic support for entities potentially using forced labor in the Xinjiang Uyghur Autonomous Region of China. The bill prohibits the Michigan Strategic Fund from providing grants, loans, or economic assistance to any entity on the UFLPA entity list, which is a consolidated register of organizations potentially involved in forced labor practices. For any existing or new written agreements, if a recipient is added to the UFLPA entity list, they will forfeit future payments and must reimburse the fund 100% of previous payments plus a 10% penalty, after which the agreement is terminated. The bill requires the fund to amend all existing agreements within 90 days to include these provisions, and if an agreement is not amended, it will be considered void and unenforceable. The legislation also adds definitions for terms like "UFLPA entity list" and expands definitions of economic development projects and port facilities, providing more detailed descriptions of what can be considered eligible for funding under the Michigan Strategic Fund.

Budget and Finance

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0715