Michigan · 2025-2026 Regular Session · Bill

HB 5544: Financial institutions: money transmitters; money transmission modernization act; create. Creates new act.

Passed one chamber Last action July 1, 2026: REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Plain-language summary

HB 5544 is a bill introduced in the Michigan House on February 19, 2026. According to its official title, it concerns: Financial institutions: money transmitters; money transmission modernization act; create. Creates new act. Primary sponsor: Sarah Lightner (Republican). It lists 5 additional sponsors. Most recent recorded action (July 1, 2026): REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION.

Sponsors

Primary sponsor: Sarah Lightner (Republican). 5 co-sponsors.