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MI HB5415
Bill
Status
12/18/2025
Primary Sponsor
Dylan Wegela
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AI Summary
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Prohibits the Michigan Strategic Fund from financing or supporting any project, economic development project, or providing loans, grants, or other assistance to entities if doing so would violate the Corporate Welfare Prohibition Compact Act, effective October 1, 2027
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Applies the restriction regardless of any other provisions in the Michigan Strategic Fund Act
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Takes effect only if the companion Corporate Welfare Prohibition Compact Act (Senate Bill S02934'25 or House Bill 5413) is enacted into law
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Introduced with bipartisan sponsorship from both Republican and Democratic representatives
Legislative Description
State: interstate compacts and agreements; certain economic incentives; prohibit this state from providing if doing so would violate the corporate welfare prohibition compact act. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 15. TIE BAR WITH: HB 5413'25
State: interstate compacts and agreements
Last Action
Bill Electronically Reproduced 12/18/2025
12/23/2025