2020 House Bill 5575

Senate Roll Call 498: Passed

To require that the private businesses authorized to deliver selective state subsidies to certain “rural” businesses under a <a href="https://www.michiganvotes.org/2018-HB-6064">2018 corporate subsidy law</a> (the delivery firms are dubbed “rural jobs and capital investment funds”), or one of the firm's affiliates, must be regulated by the federal Securities and Exchange Commission, and meet certain federal registration requirements. This change is said to be needed in order to start the flow of $100 million taxpayer dollars to private companies as authorized by this law.

33 Yeas / 5 Nays
Republican (17 Yeas / 5 Nays)
Democrat (16 Yeas / 0 Nays)