

2009 House Bill 5618: Allow more non-traditional investments in government pension funds (House Roll Call 486)
Passed 57 to 43 in the House on November 10, 2010, to require state pension managers to "use their best efforts" to ensure that at least 5 percent of state pension funds get invested in Michigan businesses, with at least half of these located in one of eight so-called "cities of promise" (meaning eight decaying, economically declining urban-core cities). Reportedly this and similar bills are a priority of the Obama administration, and indirectly a way to direct more government money to minority-owned businesses.
View All of House Bill 5618: History, Amendments & Comments
The vote was 57 in favor, 43 against, and 7 not voting.
(House Roll Call 486)
Comment on this vote View others' comments Add to scorecard
![]()
|
|
|
|
![]()
Allow more non-traditional investments in government pension funds
IN FAVOR
HOUSE DEMOCRATS
HOUSE REPUBLICANS
| Ball (R) | Booher (R) | Caul (R) | Hansen (R) | Haveman (R) |
| Meltzer (R) | Pearce (R) | Proos (R) | Rocca (R) | Rogers (R) |
AGAINST
HOUSE DEMOCRATS
| Barnett (D) | Bauer (D) | Bledsoe (D) | Brown, L. (D) | Byrum (D) |
| Griffin (D) | Haase (D) | Lipton (D) | Polidori (D) | Roberts (D) |
| Segal (D) | Warren (D) |
HOUSE REPUBLICANS
HOUSE LEGISLATORS WHO DID NOT VOTE
| Bennett (D) | Byrnes (D) | Dillon (D) | Ebli (D) | Green (R) |
| Huckleberry (D) | Scott, B. (D) |
HOUSE LEGISLATORS ALL VOTES
House Roll Call 486 on 2009 House Bill 5618
![]()
Am I interpreting this right? They want to take some of MY hard-earned pension money and invest it in cities like Detroit under the guise of "cities of promise?" They want to GIVE my pension money to DETROIT? This is one of the most idiotic ideas to come from Lansing in a whole line of idiotic ideas. We need to clean house again in 2012.
![]()
![]()