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SB 765

An Act amending the act of April 12, 1951 (P.L.90, No.21), known as the Liquor Code, in licenses and regulations and liquor, alcohol and malt and brewed beverages, further providing for sale of malt or brewed beverages by liquor licensees, for wine expanded permits and for retail dispensers' restrictions on purchases and sales.

2025-2026 Regular Session Introduced by Tracy Pennycuick and 5 co-sponsors

SB 765/S-2 provides FY 2024–25 line-item appropriations for DIFS, increasing funding and staff for regulatory functions while largely using restricted funds with no general fund im

Referred to Law & Justice
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Bill Summary · SB 765

Summary — SB 765: Appropriations — Department of Insurance and Financial Services (FY 2024–25)

Note: Several unrelated bills in other states share the number “SB 765.” This summary focuses on the appropriation act for the Michigan Department of Insurance and Financial Services (DIFS) appearing in the provided documents (Senate substitute S‑2).

Main purpose

SB 765 (S‑2) provides line‑item appropriations and related statutory boilerplate for DIFS for fiscal year 2024–25. It sets staffing authorization, fund-level spending, program increases, and reporting/administrative provisions that govern how DIFS uses those appropriations.

Key budget totals and staffing

  • FY 2023–24 (year‑to‑date) gross appropriation: $74,147,900
  • FY 2024–25 Senate‑passed gross appropriation: $79,271,400 (increase of $5,123,500; +6.9%)
  • Total state spending from state sources (FY 2024–25): $77,817,900
  • FTE authorization: 400.5 (up from 388.5; +12.0 FTEs)
  • General Fund/General Purpose (GF/GP) impact: $0 (most increases funded from state restricted revenues such as insurance licensing/regulation fees and the Insurance Bureau Fund)

Major program changes / new spending (amounts are FY 2024–25 unless noted)

  • Insurance Evaluation & Consumer Services and Protection: +$1,314,100 (restricted funds) to address increased workload.
  • Pharmacy Benefit Manager (PBM) licensure and regulation: $660,000 (restricted) to implement 2022 PA 11 regulatory duties.
  • Customer care service for auto accident survivors: $1,500,000 (restricted) and 5.0 FTEs to provide assistance for catastrophic accident survivors and auto‑insurance claim support.
  • Auto insurance reform study: $250,000 (one‑time, restricted) to contract with a university/research institute to study effects of 2019 auto insurance reforms.
  • Economic adjustments and negotiated compensation: ~$1.4 million (gross, restricted).
  • (Executive had proposed a $250,000 complaints/outreach campaign; the Senate did not include this item.)

Policy / boilerplate changes

  • Several boilerplate sections were deleted, revised, or added. New/retained items include requirements on auto rate filings, customer service standards, satellite offices, an insulin market study, expanded transparency/reporting (department website and restricted funds reporting), limits on hiring external counsel, FTE/vacancy reporting, and legislative contingency transfer authorizations.
  • Procurement and in‑state preference language retained that prioritizes American/Michigan goods and veteran‑owned businesses where practicable.

Who is affected

  • DIFS operations and staff (expanded positions and authority)
  • Insurers, banks, credit unions, mortgage and consumer finance licensees (subject to regulatory activity funded here)
  • Pharmacy benefit managers (new licensing/regulatory activity)
  • Auto accident survivors and policyholders (customer service expansion, study of auto reform)
  • Research institutions (eligible for contracted study)
  • Funding primarily from industry‑restricted fees; no direct GF/GP cost increase

Procedural status and next steps

  • As provided in the Bill Information: introduced Feb 21, 2025 and currently listed as REFERRED TO CONFERENCE COMMITTEE.
  • Typical next steps: conference committee reconciliation (if House/Senate versions differ), final passage by both chambers, then presentation to the governor for signature and enactment.

If you want, I can:
- Produce a side‑by‑side table showing FY 2023–24 vs FY 2024–25 line items; or
- Summarize the changes in boilerplate language in more detail (reporting, transfers, hiring limits, transparency).

Compiled from official sources — confirm details with the bill’s official record.

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