2025 House Bill 4510

A bill to amend 1965 PA 314, entitled “Public employee retirement system investment act,” (MCL 38.1132 to 38.1141) by adding section 19c.

AI Analysis – Experimental

House Bill No. 4510 allows the state treasurer to invest in high-capitalization cryptocurrencies for public employee retirement systems, provided they are held as exchange-traded products by registered investment companies.

Introduced in the House

May 21, 2025

Introduced by Rep. Bill Schuette (R-95) and eight co-sponsors

Co-sponsored by Reps. Bryan Posthumus (R-90), Mike McFall (D-14), Alabas Farhat (D-3), Joseph Aragona (R-60), Tom Kunse (R-100), Tyrone Carter (D-1), Jason Woolford (R-50) and William Bruck (R-30)

Referred to the Committee on Communications and Technology