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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>

legislation/us/states/mi/2023-2024/hb-5653.md

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+---
+type: "Bill"
+title: "Economic development: Michigan strategic fund; Michigan innovation fund program; create. Amends secs. 88b, 88f & 88h of 1984 PA 270 (MCL 125.2088b et seq.) & adds sec. 88u."
+description: "Economic development: Michigan strategic fund; Michigan innovation fund program; create. Amends secs. 88b, 88f & 88h of 1984 PA 270 (MCL 125.2088b et seq.) & adds sec. 88u."
+jurisdiction: "us/states/mi"
+legislature: "Michigan Legislature"
+session: "2023-2024"
+identifier: "HB 5653"
+citation: "Michigan HB 5653 (2023-2024)"
+classification: ["bill"]
+subjects: ["Economic development: Michigan strategic fund"]
+status: "enacted"
+primary_sponsors: ["Alabas Farhat"]
+version_count: 6
+action_count: 36
+vote_count: 2
+first_action: "2024-04-23"
+last_action: "2024-12-31"
+source: "openstates"
+source_identifier: "ocd-bill/0616ecfc-1277-4674-a39d-bc8dfa3ad0a9"
+source_url: "https://legislature.mi.gov/Bills/Bill?ObjectName=2024-HB-5653"
+source_hash: "d245807984176ce2b61c5c4b481733baf768c3a855723d21d959a12000a4ecb3"
+vintage: "2026-07-01"
+source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
+retrieved_at: "2026-07-06"
+confidence: "reported"
+tags: ["legislation", "bill", "us-mi"]
+---
+
+# Michigan HB 5653 (2023-2024) — Economic development: Michigan strategic fund; Michigan innovation fund program; create. Amends secs. 88b, 88f & 88h of 1984 PA 270 (MCL 125.2088b et seq.) & adds sec. 88u.
+
+## Version chain
+
+The bill's text revisions, in order — the diff chain from filing to enrollment.
+
+1. **As Passed by the House** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billengrossed/House/pdf/2024-HEBH-5653.pdf)
+2. **As Passed by the Senate** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billengrossed/House/pdf/2024-HEBS-5653.pdf)
+3. **House Concurred Bill** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billconcurred/House/pdf/2024-HCB-5653.pdf)
+4. **House Introduced Bill** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/billintroduced/House/pdf/2024-HIB-5653.pdf)
+5. **Public Act** (committee substitute) — [source](https://legislature.mi.gov/documents/2023-2024/publicact/pdf/2024-PA-0190.pdf)
+6. **Substitute (H-5)** (committee substitute) — [source](https://legislature.mi.gov/Home/GetObject?objectName=2024-HCVBS-5653-0O4012.pdf)
+
+## Votes
+
+- passed; given immediate effect Roll Call # 347 Yeas 71 Nays 38 Excused 0 Not Voting 1 — **71–37** (pass) · lower
+- PASSED ROLL CALL # 733 YEAS 22 NAYS 16 EXCUSED 0 NOT VOTING 0 — **5–8** (fail) · upper
+
+## Sponsors
+
+- Alabas Farhat — primary (person)
+- Greg VanWoerkom — cosponsor (person)
+- Jason Hoskins — cosponsor (person)
+- Reggie Miller — cosponsor (person)
+
+## Timeline
+
+The legislative action history — every referral, reading, and vote.
+
+- **2024-04-23** introduced by Representative Alabas Farhat `introduction`
+- **2024-04-23** read a first time `reading-1`
+- **2024-04-23** referred to Committee on Economic Development and Small Business `referral-committee`
+- **2024-04-24** bill electronically reproduced 04/23/2024
+- **2024-06-04** reported with recommendation with substitute (H-2) `committee-passage`
+- **2024-06-04** referred to second reading
+- **2024-06-26** read a second time `reading-2`
+- **2024-06-26** substitute (H-2) adopted
+- **2024-06-26** substitute (H-3) adopted
+- **2024-06-26** placed on third reading
+- **2024-11-13** read a third time `reading-3`
+- **2024-11-13** amended
+- **2024-11-13** substitute (H-5) adopted and amended
+- **2024-11-13** passed; given immediate effect Roll Call # 347 Yeas 71 Nays 38 Excused 0 Not Voting 1 `passage`
+- **2024-11-13** transmitted
+- **2024-11-26** PASSED BY HOUSE WITH IMMEDIATE EFFECT `passage`
+- **2024-11-26** REFERRED TO COMMITTEE ON REGULATORY AFFAIRS `referral-committee`
+- **2024-12-03** REASSIGNED TO COMMITTEE ON ECONOMIC AND COMMUNITY DEVELOPMENT
+- **2024-12-11** REPORTED FAVORABLY WITHOUT AMENDMENT `committee-passage`
+- **2024-12-11** REFERRED TO COMMITTEE OF THE WHOLE `referral-committee`
+- **2024-12-18** REPORTED BY COMMITTEE OF THE WHOLE FAVORABLY WITHOUT AMENDMENT(S) `committee-passage`
+- **2024-12-18** PLACED ON ORDER OF THIRD READING
+- **2024-12-20** AMENDMENT(S) DEFEATED `amendment-failure`
+- **2024-12-20** PASSED ROLL CALL # 733 YEAS 22 NAYS 16 EXCUSED 0 NOT VOTING 0 `passage`
+- **2024-12-20** INSERTED FULL TITLE
+- **2024-12-20** RETURNED TO HOUSE
+- **2024-12-31** returned from Senate without amendment with full title
+- **2024-12-31** full title agreed to
+- **2024-12-31** bill ordered enrolled 12/23/2024
+- **2024-12-31** presented to the Governor 01/08/2025 12:06 PM `executive-receipt`
+- **2024-12-31** approved by the Governor 01/13/2025 11:06 AM `executive-signature`
+- **2024-12-31** filed with Secretary of State 01/14/2025 08:58 AM
+- **2024-12-31** assigned PA 5'25
+- **2024-12-31** approved by the Governor 01/13/2025 11:06 AM `executive-signature`
+- **2024-12-31** filed with Secretary of State 01/14/2025 08:58 AM
+- **2024-12-31** assigned PA 190'24
+
+## Source
+
+OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0616ecfc-1277-4674-a39d-bc8dfa3ad0a9`. Confidence: reported (aggregated from official Michigan legislature records).
+