As required by Proposal 1 of 2022, the legislature finalized its plan creating financial disclosure requirements for certain elected officials and candidates in Michigan.
Key Points:
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- Requires a candidate to file a financial disclosure report before they can be seated.
- Requires disclosure if an elected official’s spouse is connected to a vendor of the state.
- A candidate or elected official must include in the report every source of income, assets, and significant liabilities, among other items.
- The requirement applies to the governor, lieutenant governor, secretary of state, attorney general, and House and Senate members, in addition to candidates for those offices.
Next Steps:
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- The bills will be sent to Governor Whitmer for consideration.
