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MI SB0644
Bill
Status
10/30/2025
Primary Sponsor
Roger Victory
Click for details
AI Summary
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Transfers oversight authority for economic development incentive evaluations from the Michigan Strategic Fund to the newly created Bureau of Fair Competition and Free Enterprise
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Removes references to the Michigan Economic Development Corporation as a stakeholder in developing evaluation criteria and receiving draft reports
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Maintains the existing evaluation schedule requiring reviews every 6 years for incentives funded at $15 million or less annually, and every 4 years for larger programs
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Requires the Bureau of Fair Competition and Free Enterprise (instead of the Michigan Strategic Fund) to determine which programs qualify as economic development incentives and identify new programs for evaluation
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Bill is contingent on passage of Senate Bill 631, which would eliminate the Michigan Strategic Fund and create the Bureau of Fair Competition and Free Enterprise
Legislative Description
Economic development: other; economic development incentive evaluation act; amend to reflect elimination of the Michigan strategic fund. Amends secs. 3, 5 & 7 of 2018 PA 540 (MCL 18.1753 et seq.). TIE BAR WITH: SB 0631'25
Economic development: other
Last Action
Referred To Committee On Government Operations
10/30/2025