MI SB1192

Requires investment fiduciaries to consider only pecuniary factors (factors with material effect on risk or return) when evaluating investments, excluding factors that primarily further nonpecuniary, social, political, or ideological objectives.

Modifies language regarding investment fiduciary duties from gender-specific pronouns to gender-neutral terms throughout the statute.

Corrects cross-references in the state police retirement act from MCL 38.1675 to MCL 38.1674.

Replaces the term "funds" with "money" in travel reporting requirements for large sponsored systems.

Removes the word "immediately" from references to the preceding fiscal year and calendar year in several subsections.