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MI HB5415
MI HB5415State: interstate compacts and agreements; certain economic incentives; prohibit this state from providing if doing so would violate the corporate welfare prohibition compact act. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15. TIE BAR WITH: HB 5413'25
summary
Introduced
12/18/2025
12/18/2025
In Committee
12/18/2025
12/18/2025
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 1984 PA 270, entitled"Michigan strategic fund act,"(MCL 125.2001 to 125.2094) by adding section 15.
AI Summary
This bill amends the Michigan Strategic Fund Act by adding a new provision that, beginning October 1, 2027, prohibits the Michigan Strategic Fund from financing, supporting, or providing financial assistance to any economic development project or entity if doing so would violate the "corporate welfare prohibition compact act". The bill is contingent upon the passage of a related bill (either Senate Bill or House Bill 5413), which means it will only take effect if that companion legislation is enacted. The key restriction appears to be aimed at preventing state economic development funds from being used in ways that might be considered improper corporate welfare, though the specific details of what would constitute a violation are not provided in this text. The provision adds an additional layer of oversight and restriction to how the Michigan Strategic Fund can allocate its resources for economic development purposes.
Committee Categories
Government Affairs
Sponsors (14)
Dylan Wegela (D)*,
Greg Alexander (R),
Jay DeBoyer (R),
Mike Harris (R),
Mike Hoadley (R),
Tim Kelly (R),
Matt Maddock (R),
Mike McFall (D),
Tonya Myers Phillips (D),
Pat Outman (R),
Laurie Pohutsky (D),
Bryan Posthumus (R),
Angela Rigas (R),
Jimmie Wilson (D),
Last Action
Bill Electronically Reproduced 12/18/2025 (on 12/23/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-5415 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/House/htm/2025-HIB-5415.htm |
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