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SB783 • 2026

Economic development: other; eligibility for stock buybacks during the period of award if awarded an economic incentive; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c.

Economic development: other; eligibility for stock buybacks during the period of award if awarded an economic incentive; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Mallory McMorrow (District 8), Sue Shink (District 14)
Last action
2026-05-27
Official status
REFERRED TO COMMITTEE OF THE WHOLE
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Economic development: other; eligibility for stock buybacks during the period of award if awarded an economic incentive; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c.

Economic development: other; eligibility for stock buybacks during the period of award if awarded an economic incentive; prohibit.

What This Bill Does

  • Economic development: other; eligibility for stock buybacks during the period of award if awarded an economic incentive; prohibit.
  • Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec.
  • 7c.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-05-27 SJ 47 Pg. 566

    REPORTED FAVORABLY WITHOUT AMENDMENT 5/21/2026

  2. 2026-05-27 SJ 47 Pg. 566

    REFERRED TO COMMITTEE OF THE WHOLE

  3. 2026-02-12 SJ 13 Pg. 90

    SENATE CO-SPONSOR(S) NAMED: SUE SHINK

  4. 2026-02-11 SJ 12 Pg. 82

    INTRODUCED BY SENATOR MALLORY MCMORROW

  5. 2026-02-11 SJ 12 Pg. 82

    REFERRED TO COMMITTEE ON ECONOMIC AND COMMUNITY DEVELOPMENT

Official Summary Text

Economic development: other; eligibility for stock buybacks during the period of award if awarded an economic incentive; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c.