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SB 678

Economic development: other; divestment from terror act; amend to reflect elimination of the Michigan strategic fund. Amends sec. 2 of 2008 PA 234 (MCL 129.292). TIE BAR WITH: SB 0631'25

2025-2026 Regular Session Introduced by Thomas Albert

SB 678 updates Michigan's anti-terrorism divestment law by removing references to the eliminated Michigan Strategic Fund while preserving the state's policy restricting public investment in terrorism-designated entities.

REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS
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Bill Summary · SB 678

Legislative bill overview

SB 678 amends Michigan's 2008 divestment law to eliminate references to the Michigan Strategic Fund, which has been discontinued. The bill modernizes the state's existing divestment provisions that restrict public investment in entities designated as supporting terrorism, ensuring the law remains functional after the fund's elimination.

Why is this important

The Michigan Strategic Fund was a key state investment vehicle, and eliminating outdated references prevents legal confusion and ensures divestment compliance mechanisms continue working properly. This technical update maintains the state's stated policy of not investing public dollars in terrorism-supporting entities without disrupting ongoing compliance efforts.

Potential points of contention

  • Definitional clarity: The bill doesn't appear to clarify how "terrorism support" is defined or who determines it, potentially raising concerns about consistency with federal designations or subjective interpretations
  • Divestment scope: Unclear whether the amendment expands, narrows, or maintains the breadth of entities subject to divestment restrictions
  • Implementation oversight: No apparent details on how the revised law will be enforced or monitored without the Strategic Fund as an administrative mechanism

Compiled from official sources — confirm details with the bill’s official record.

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