The amendment modifies term limits in the Michigan state legislature and increase financial disclosure requirements for various elected officials.

An effort to get a similar proposal on the ballot was initially backed by a bipartisan group which included politicians such as Democratic Detroit mayor Mike Duggan and Republican former Speaker of the Michigan House of Representatives Jase Bolger.

On May 10, 2022, the Michigan Legislature voted to place a modified version of that proposal on the ballot, which allowed the group to forgo the signature gathering required for citizen-initiated constitutional amendments in the state.

[1] The proposal appeared on the ballot as follows:[2] A proposal to amend the state constitution to require annual public financial disclosure reports by legislators and other state officers and change state legislator term limit to 12 total years in legislature This proposed constitutional amendment would: Should this proposal be adopted?

[3] Legislation enacting the financial disclosure provisions of the approved ballot proposal were signed into law on December 8, 2023.