MI HB5869

Adds Russia to the definition of "state sponsor of terror" effective 12 months after the bill's enactment date, subjecting it to the same divestment requirements as Syria and Cuba.

Requires the state treasurer and other fiduciaries to divest from companies with active business operations in Russia or that meet scrutiny criteria involving Russian investments of $20 million or more within 12 months.

Exempts companies licensed by the U.S. Department of Treasury to operate in designated state sponsors of terror or those excluded from federal sanctions regimes, and clarifies exemptions for humanitarian aid providers and social development companies.

Directs the Department of Treasury to recommend statutory changes and report to the legislature within 9 months after Russia is added as a state sponsor of terror, in addition to existing reporting requirements for Syria and Cuba.

Makes technical corrections including grammar changes (changing "which" to "that," "employees" to "employees'," and "sanction" to "sanctions") and correcting MCL citation references.