MichiganHB 55442025-2026 Regular SessionHouse

Financial institutions: money transmitters; money transmission modernization act; create. Creates new act. Last Action: REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Sponsored By: Sarah Lightner (Republican)

Passed House

Financial institutions: money transmittersState agencies (existing): insurance and financial services

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Sarah Lightner

    Republican • House

Cosponsors

  • Bill Schuette

    Republican • House

  • Brenda Carter

    Democratic • House

  • David Martin

    Republican • House

  • Mark Tisdel

    Republican • House

  • Will Snyder

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 97 • No: 10

House vote • 6/25/2026

passed; given immediate effect

Yes: 97 • No: 10 • Other: 3

Actions Timeline

  1. REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

    7/1/2026Senate
  2. PASSED BY HOUSE WITH IMMEDIATE EFFECT

    7/1/2026House
  3. transmitted

    6/25/2026House
  4. passed; given immediate effect Roll Call #263 Yeas 97 Nays 10 Excused 0 Not Voting 3

    6/25/2026House
  5. read a third time

    6/25/2026House
  6. placed on third reading

    6/23/2026House
  7. substitute (H-2) adopted

    6/23/2026House
  8. read a second time

    6/23/2026House
  9. referred to second reading

    6/18/2026House
  10. reported with recommendation with substitute (H-2)

    6/18/2026House
  11. recommendation concurred in

    3/17/2026House
  12. reported with recommendation for referral to Committee on Rules with substitute (H-1)

    3/17/2026House
  13. bill electronically reproduced 02/19/2026

    2/24/2026House
  14. referred to Committee on Finance

    2/19/2026House
  15. read a first time

    2/19/2026House
  16. introduced by Representative Rep. Sarah Lightner

    2/19/2026House

Bill Text

  • As Passed by the House

    6/25/2026

  • Introduced

    2/19/2026

Related Bills

Back to State Legislation