Financial Services

MI - HR427 A resolution to urge the United States Congress to enact legislation preventing federal regulators from sanctioning depository institutions for providing financial services to legitimate marijuana-related businesses in states where marijuana has been legalized.

MI - HB4515 Financial 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.).

MI - HB4619 Property: personal; determining the period of vesting for future interests; modify. Amends secs. 2, 3 & 4 of 2008 PA 148 (MCL 554.92 et seq.).

MI - SB672 Trade: 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.

MI - SB888 State agencies (proposed): boards and commissions; the blockchain and cryptocurrency commission; establish. Creates new act.

MI - HB6144 Insurance: life; gift limit for life insurance producers; modify. Amends sec. 2024a of 1956 PA 218 (MCL 500.2024a).

MI - HB4950 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 5096'21

MI - HB4618 Law: 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.).

MI - HR174 A resolution to urge the United States Congress to oppose unnecessary and harmful changes to Internal Revenue Service reporting requirements for Michigan’s financial institutions.

MI - HB4948 Housing: housing development authority; note and bond purchase for cancellation; modify. Amends sec. 30 of 1966 PA 346 (MCL 125.1430).

MI - HB4951 Housing: housing development authority; sales price limit of the average purchase price; modify. Amends sec. 44 of 1966 PA 346 (MCL 125.1444).

MI - HB4949 Housing: 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).

MI - HR119 A resolution to declare October 2021 as Cryptocurrency Education Month in the state of Michigan.

MI - HB5096 Civil 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).

MI - HR24 A 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.

MI - HB4828 Financial institutions: payday lending; legislative report requirement concerning deferred presentment service providers and transactions; revise. Amends sec. 51 of 2005 PA 244 (MCL 487.2171).

MI - SB315 Occupations: 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.

MI - HB4694 Commercial code: secured transactions; references to certain forms and statements; update. Amends secs. 9520, 9521 & 9525 of 1962 PA 174 (MCL 440.9520 et seq.).

MI - HB4812 Property tax: assessments; true cash value of certain nonprofit housing property; clarify method to determine. Amends sec. 27 of 1893 PA 206 (MCL 211.27).

MI - HB4894 Financial 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).