Michigan · 2025-2026 Regular Session · Bill
SB 783: Economic development: other; eligibility for stock buybacks during the period of award if awarded an economic incentive; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 783 is a bill introduced in the Michigan Senate on February 11, 2026. According to its official title, it concerns: Economic development: other; eligibility for stock buybacks during the period of award if awarded an economic incentive; prohibit. Amends 1984 PA 270 (MCL 125.2001 - 125.2094) by adding sec. 7c. Primary sponsor: Mallory McMorrow (Democratic). It lists 1 additional sponsor. Most recent recorded action (May 27, 2026): REFERRED TO COMMITTEE OF THE WHOLE.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Sponsors
Sponsors by party (alphabetical): Democratic 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Mallory McMorrow | Primary sponsor | Democratic | Senate | 8 |
| Sue Shink | Co-sponsor | Democratic | Senate | 14 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO COMMITTEE OF THE WHOLE
- REPORTED FAVORABLY WITHOUT AMENDMENT 5/21/2026
- SENATE CO-SPONSOR(S) NAMED: SUE SHINK
- REFERRED TO COMMITTEE ON ECONOMIC AND COMMUNITY DEVELOPMENT
- INTRODUCED BY SENATOR MALLORY MCMORROW