MI SB0976

Adds Russia to the list of state sponsors of terror under Michigan's divestment law, effective 12 months after the bill's enactment.

Expands the definition of "state sponsor of terror" to include both countries designated by the U.S. Secretary of State and Russia specifically.

Requires the Department of Treasury to make divestment recommendations to the legislature within 9 months after any country is added to or determined to be a state sponsor of terror.

Clarifies that companies excluded from federal sanctions or holding U.S. government licenses related to designated state sponsors of terror are not considered "scrutinized companies" subject to divestment.

Updates definitions including "social development company" to reference Public Law 106-387 and clarifies what constitutes humanitarian aid exemptions from divestment requirements.