MI HB4750

Requires the Michigan Department to screen foster children for potential benefit eligibility within 60 days of entering foster care and annually thereafter, and apply for benefits including Supplemental Security Income, Social Security, and VA benefits

Prohibits the department from using a foster child's benefits to reimburse the state for the cost of care; benefits must be used or conserved in the child's best interests

Mandates minimum conservation percentages of benefits when the department serves as representative payee: at least 40% for ages 14-15, at least 80% for ages 16-17, and 100% for ages 18-20

Requires the department to provide comprehensive financial literacy training to foster children starting at age 14, covering personal budgeting, credit reports, taxes, student loans, insurance, investing, and identity theft protection

Obligates the department to provide annual accounting of how benefits were used or conserved and notify the child's attorney and supervising agency of all benefit applications, decisions, and appeals