MichiganSB 08352025-2026 Regular SessionSenate

Financial institutions: money transmitters; money transmission modernization act; create. Creates new act & repeals 2006 PA 250 (MCL 487.1001 - 487.1047).Last Action: REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Sponsored By: Rosemary Bayer (Democratic)

In Committee

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

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Rosemary Bayer

    Democratic • Senate

Cosponsors

  • John Damoose

    Republican • Senate

  • Mary Cavanagh

    Democratic • Senate

  • Roger Victory

    Republican • Senate

  • Veronica Klinefelt

    Democratic • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

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

    3/17/2026Senate
  2. INTRODUCED BY SENATOR ROSEMARY BAYER

    3/17/2026Senate

Bill Text

  • Introduced

    3/17/2026

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