Financial institutions: banking practices; manufacture, sale, or distribution of certain medical products containing PVC or DEHP; prohibit under certain circumstances. Amends sec. 220 of 2003 PA 215 (MCL 490.220) & adds sec. 401a.

HB 5240 prohibits Michigan credit unions from denying, restricting, or canceling financial services to agriculture producers based on their greenhouse gas emissions, fertilizer use, or machinery type. It specifically targets credit unions that have made environmental, social, and governance (ESG) commitments, presuming such restrictions violate the law unless the credit union proves the decision was based solely on ordinary business reasons unrelated to ESG goals. Violations carry a civil fine of up to $10,000 per incident. The bill directly affects domestic credit unions and agriculture producers (defined as farm owners/operators under Michigan law), covering services like loans, deposits, and other financial products.