HB 4241 Michigan House · 2025-2026 Regular Session

Economic development: other; economic incentives to certain foreign countries; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c.

House Bill 4241 prohibits the Michigan Strategic Fund from providing economic incentives, such as grants or loans, to certain "foreign entities." These foreign entities are defined as those owned or controlled by, or having their primary business in, specific countries like China, Russia, Iran, or North Korea. The bill requires applicants for economic incentives to submit an affidavit confirming they are not a foreign entity. Additionally, any person or government entity distributing these incentives must ensure they are not knowingly given to a foreign entity.

Bill status passed both 4 of 5 stages cleared

Introduction

Mar 2025

Committee Review

May 2025

House Passage

May 2025

Senate Passage

May 2025

Governor

Introduced Mar 13, 2025 Last action May 13, 2025

Maddy AI version diff · 1 comparison

What changed between versions

House Introduced Bill → As Passed by the House · 5 edits · May 6, 2025

MODERATE

This bill adds new restrictions to the Michigan Strategic Fund Act to prevent the fund from providing economic incentives to foreign entities from specific countries of concern. The changes include prohibiting agreements with foreign entities, requiring affidavits from recipients, and expanding the list of restricted countries to include Russia, Iran, North Korea, Cuba, Venezuela, and Syria.

Scope change

The bill expands the scope of the Michigan Strategic Fund Act by adding new compliance requirements and restrictions specifically targeting foreign entities from designated countries.

REQUIREMENT

Added a prohibition on the fund entering into economic incentive agreements with foreign entities.

Added a requirement for recipients to provide affidavits attesting they are not foreign entities before receiving economic incentives.

Added requirements for persons distributing economic incentives to ensure they are not benefiting foreign entities and to forward affidavits to the fund.

DEFINITION

Added a new definition for 'foreign country of concern' that includes Russia, Iran, North Korea, Cuba, Venezuela, and Syria.

Added a definition for 'foreign entity' to clarify which entities are restricted from receiving economic incentives.

Floor votes · House May 6, 2025

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 13, 2025

Committee

REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS

upper

May 13, 2025

Upper · Passed

PASSED BY HOUSE WITH IMMEDIATE EFFECT

upper

May 6, 2025

Lower · Passed

passed; given immediate effect Roll Call #87 Yeas 66 Nays 44 Excused 0 Not Voting 0

lower

Apr 17, 2025

Committee

referred to second reading

lower

Apr 17, 2025

Lower · Passed

reported with recommendation without amendment

lower

Mar 26, 2025

Lower · Passed

recommendation concurred in

lower

Mar 26, 2025

Lower · Passed

reported with recommendation for referral to Committee on Rules

lower

Mar 13, 2025

Committee

referred to Committee on Government Operations

lower

Mar 13, 2025

Introduced

introduced by Representative Rep. Mike Hoadley

lower

1 primary · 16 co-sponsors