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MI SB0715
Bill
Status
11/13/2025
Primary Sponsor
Joseph Bellino
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AI Summary
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Prohibits the Michigan Strategic Fund from providing grants, loans, or other economic assistance to any person or entity listed on the federal Uyghur Forced Labor Prevention Act (UFLPA) entity list
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Requires all new and amended written agreements to include provisions that if a recipient is added to the UFLPA entity list, they forfeit future payments, must reimburse 100% of funds received plus a 10% penalty, and the agreement terminates
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Mandates the fund amend all existing written agreements within 90 days of the act's effective date to include the same UFLPA compliance provisions
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Declares any existing agreement that is not amended as required to be against public policy, void, and unenforceable, with no further disbursements permitted
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Makes technical formatting changes to definitions of "economic development project," "port facilities," and "project" within the Michigan Strategic Fund Act without substantive changes to their meaning
Legislative Description
Economic development: Michigan strategic fund; compliance with the Uyghur forced labor prevention act; provide for. Amends sec. 4 of 1984 PA 270 (MCL 125.2004) & adds sec. 7c.
Economic development: Michigan strategic fund
Last Action
Referred To Committee On Finance, Insurance, And Consumer Protection
11/13/2025