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Michigan Legislature
Michigan Compiled Laws Complete Through PA 227 of 2022
House: Adjourned until Tuesday, December 6, 2022 10:00:00 AM
Senate: Adjourned until Tuesday, December 6, 2022 10:00:00 AM


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FINANCIAL SERVICES
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Committee Home Page: Financial Services
Chair: Diana Farrington
Clerk Phone: 5173738487
Click for a list of only bills that are currently in committee.

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All bills ever referred to this committee.
PLEASE NOTE: Meeting dates reflect that bill was on agenda, but does not insure that it was taken up at that meeting.
Bill/ResolutionCommitteeSponsorSubjectMeetingsStatus
HB 4515 of 2021Financial Services
Sowerby, WilliamFinancial institutions: payday lending; notices related to and requirements for deferred presentment service transactions; modify. Amends secs. 22, 31, 32, 33, 34 & 40 of 2005 PA 244 (MCL 487.2142 et seq.).2021-05-12referred 3/16/2021
HB 4618 of 2021 (PA 145 of 2022)Financial Services
Haadsma, JimLaw: uniform or model acts; uniform fraudulent transfer act; update to coincide with qualified dispositions in trust act. Amends secs. 1, 4, 5 & 10 of 1998 PA 434 (MCL 566.31 et seq.).2021-05-26, 2021-06-23referred 4/13/2021 reported with recommendation without amendment
HB 4619 of 2021 (PA 154 of 2022)Financial Services
Haadsma, JimProperty: personal; determining the period of vesting for future interests; modify. Amends secs. 2, 3 & 4 of 2008 PA 148 (MCL 554.92 et seq.).2021-05-26, 2021-06-23referred 4/13/2021 reported with recommendation with substitute (H-2)
HB 4694 of 2021 (PA 115 of 2021)Financial Services
O'Malley, JackCommercial code: secured transactions; references to certain forms and statements; update. Amends secs. 9520, 9521 & 9525 of 1962 PA 174 (MCL 440.9520 et seq.).2021-05-19, 2021-05-26referred 4/22/2021 reported with recommendation without amendment
HB 4812 of 2021 (PA 156 of 2022)Financial Services
Alexander, JulieProperty tax: assessments; true cash value of certain nonprofit housing property; clarify method to determine. Amends sec. 27 of 1893 PA 206 (MCL 211.27).2021-05-19, 2021-05-26referred 5/6/2021 reported with recommendation with substitute (H-1)
HB 4828 of 2021Financial Services
Clemente, CaraFinancial institutions: payday lending; legislative report requirement concerning deferred presentment service providers and transactions; revise. Amends sec. 51 of 2005 PA 244 (MCL 487.2171).2021-05-12, 2021-05-26referred 5/11/2021 reported with recommendation with substitute (H-1)
HB 4894 of 2021Financial Services
VanWoerkom, GregFinancial institutions: credit cards; notice of insufficient funds and lack of payment; require to be deemed as evidence of intent. Amends sec. 157w of 1931 PA 328 (MCL 750.157w).2021-06-09, 2021-06-23referred 5/20/2021 referred 6/23/2021
HB 4948 of 2021Financial Services
Marino, SteveHousing: housing development authority; note and bond purchase for cancellation; modify. Amends sec. 30 of 1966 PA 346 (MCL 125.1430).2021-06-09, 2021-10-06referred 6/1/2021 reported with recommendation with substitute (H-1)
HB 4949 of 2021Financial Services
Griffin, BethHousing: housing development authority; Michigan state housing development authority board meetings; allow to be conducted electronically. Amends sec. 21 of 1966 PA 346 (MCL 125.1421).2021-06-09referred 6/1/2021
HB 4950 of 2021Financial Services
Puri, Ranjeev Housing: housing development authority; restrictions on resident member voting rights; remove. Amends sec. 21 of 1966 PA 346 (MCL 125.1421). TIE BAR WITH: HB 5096'212021-06-09, 2021-10-06referred 6/1/2021 reported with recommendation with substitute (H-1)
HB 4951 of 2021Financial Services
Manoogian, MariHousing: housing development authority; sales price limit of the average purchase price; modify. Amends sec. 44 of 1966 PA 346 (MCL 125.1444).2021-06-09, 2021-10-06referred 6/1/2021 reported with recommendation without amendment
HB 5096 of 2021Financial Services
Farrington, DianaCivil rights: open meetings; Michigan state housing development authority board meetings; allow to be conducted electronically. Amends sec. 3a of 1976 PA 267 (MCL 15.263a).2021-10-06referred 6/23/2021 reported with recommendation with substitute (H-3)
HB 6144 of 2022Financial Services
Johnson, StevenInsurance: life; gift limit for life insurance producers; modify. Amends sec. 2024a of 1956 PA 218 (MCL 500.2024a). 2022-06-08referred 5/25/2022 reported with recommendation without amendment
HR 0024 of 2021Financial Services
Camilleri, DarrinA resolution to urge the U.S. Congress, the U.S. Securities and Exchange Commission, and other federal financial regulators to investigate the management of hedge funds, insider trading, market manipulation, the exploitation of customer data, and methods of stock market trading.referred 2/2/2021
HR 0119 of 2021Financial Services
Paquette, BradA resolution to declare October 2021 as Cryptocurrency Education Month in the state of Michigan.2021-10-06referred 6/2/2021 reported with recommendation with substitute (H-1)
HR 0174 of 2021Financial Services
Farrington, DianaA resolution to urge the United States Congress to oppose unnecessary and harmful changes to Internal Revenue Service reporting requirements for Michigan’s financial institutions.referred 10/5/2021
SB 0315 of 2021Financial Services
Runestad, JimOccupations: securities; notification and temporary hold on certain account disbursements for the protection of certain adults by broker-dealers and investment advisors; allow. Amends title of 2008 PA 551 (MCL 451.2101 - 451.2703) & adds art. 5A.2021-10-20, 2022-06-08referred 9/14/2021 reported with recommendation with substitute (H-3)
SB 0672 of 2021Financial Services
Schmidt, WayneTrade: data security; an affirmative defense for covered entities with cybersecurity programs under certain circumstances; provide for. Amends title of 2004 PA 452 (MCL 445.61 - 445.79d) & adds sec. 12c.referred 3/9/2022
SB 0888 of 2022Financial Services
Ananich, JimState agencies (proposed): boards and commissions; the blockchain and cryptocurrency commission; establish. Creates new act.referred 6/28/2022

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