The Michigan House Committee on Finance on Nov. 4, 2025, voted to adopt an H-2 substitute to House Bill 48 16 that adds a requirement that an attestation from a certified public accountant licensed in Michigan accompany applications submitted to the Michigan Strategic Fund certifying that the project is a qualified investment and business. Vice Chair Frisbie moved to adopt the H-2 substitute; the motion carried on a roll-call vote the chair announced as 12 yeas, 0 nays and 2 passes.

The committee then voted to refer the substituted bill to the committee on rules with recommendation. Representative Aragona moved the referral; the chair announced the referral carried (vote announced as 12 yeas, 0 nays, 1 pass). The committee did not take further substantive debate on the bill during the meeting.

Why it matters: the substitute changes the application packet submitted to the Michigan Strategic Fund by adding a CPA attestation requirement. That would alter the documentation applicants must provide to the state entity that reviews strategic investments. The substitute text, as described to the committee, specifies the attestation must come from a certified public accountant in the state of Michigan; no additional details about timing, form, or verification procedures were provided during the meeting.

Committee process and next steps: after adopting the H-2 substitute and voting to refer, the committee sent the bill to the committee on rules for further handling. No additional committee-level amendments or implementation details were announced at the meeting.

Votes and procedure: the committee adopted the H-2 substitute and then approved referral to the committee on rules. The votes were recorded on the floor as noted by the clerk and announced by the chair.