Introduced
by
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.
Referred to the Committee on Regulatory Reform
Reported without amendment
Refer to the Committee on Ways and Means with the recommendation that the substitute (H-1) be adopted.
Referred to the Committee on Ways and Means
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Passed in the House 101 to 7 (details)
Referred to the Committee on Economic and Small Business Development
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 33 to 5 (details)
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.
