The proposed bill establishes the "American Freedmen Reparations Commission" within the Michigan Department of Treasury, tasked with studying and developing reparations proposals for American Freedmen—defined as individuals with at least one ancestor who was enslaved and who were denied rights due to historical legal rulings. The commission will consist of nine members, including experts in civil rights, grassroots reparations organizations, and constitutional law, appointed by the governor and legislative leaders. The commission is required to meet regularly, maintain transparency through compliance with open meetings and freedom of information laws, and provide per diem compensation for non-legislative members.

The commission's responsibilities include compiling documentation on the history and impact of slavery, recommending reparations and educational initiatives, and submitting a comprehensive report to the legislature within 18 months of its first meeting. This report will outline findings, suggest remedies, and address ongoing discrimination against American Freedmen. The commission will also have the authority to hold hearings, issue subpoenas, and collaborate with various state and federal entities. Importantly, any reparations provided under this act will not replace federal reparations initiatives. The commission will be dissolved after submitting its final report.