Bill
HB 5798
Financial institutions: money transmitters; money transmission modernization act; create. Creates act & repeals 2006 PA 250 (MCL 487.1001 - 487.1047).
2023-2024 Regular Session
Introduced by John Fitzgerald and 3 co-sponsors
Michigan HB 5798 modernizes money transmission law with licensing, clearer scope, stronger supervision, and better consumer protections for transmitters, banks, and users.
REFERRED TO COMMITTEE ON GOVERNMENT OPERATIONS