Michigan · 2025-2026 Regular Session · Bill

HB 5550: Financial institutions: other; consumer financial services act; revise internal references related to money transmission services. Amends sec. 10g of 1988 PA 161 (MCL 487.2060g). TIE BAR WITH: HB 5544'26

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

Plain-language summary

HB 5550 is a bill introduced in the Michigan House on February 19, 2026. According to its official title, it concerns: Financial institutions: other; consumer financial services act; revise internal references related to money transmission services. Amends sec. 10g of 1988 PA 161 (MCL 487.2060g). TIE BAR WITH: HB 5544'26. Primary sponsor: Bill Schuette (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: Bill Schuette (Republican). 5 co-sponsors.