HB 4241
Economic development: other; economic incentives to certain foreign countries; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill restricts the Michigan Strategic Fund from offering economic incentives to entities connected to specific countries considered of concern. It requires the fund to verify that recipients and applicants are not foreign entities and to obtain an affidavit confirming this status. The bill also prohibits distributing or using incentives for the benefit of foreign entities and defines key terms related to foreign ownership and control to ensure compliance.
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Primary sponsor
Cosponsors
Cameron Cavitt
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