Loading chat...
MI HB6479
Bill
Status
12/31/2018
Primary Sponsor
Steven Johnson
Click for details
AI Summary
-
Amends 2008 PA 234 to define terms related to state divestment from companies operating in countries designated as state sponsors of terrorism
-
Adds humanitarian aid exception to "active business operations" definition, excluding entities providing humanitarian assistance to state sponsor of terror countries
-
Expands "fiduciary" definition to include additional state retirement systems, community college boards, Michigan education trust, and Michigan strategic fund
-
Defines "scrutinized company" to include those with significant financial ties to state sponsors of terror, including companies with over 10% of revenues from such countries or those making investments exceeding $20 million
-
Takes effect only if House Bill No. 6475 is enacted into law
Legislative Description
Retirement; other; reference to state police retirement act in divestment from terror act; update. Amends sec. 2 of 2008 PA 234 (MCL 129.292).
Retirement: other
Last Action
Assigned Pa 684'18 With Immediate Effect
12/31/2018