Michigan · 2025-2026 Regular Session · Bill

SB 774: Financial institutions: money transmitters; foreign remittance transfers; prohibit under certain circumstances. Amends secs. 2, 3 & 25 of 2006 PA 250 (MCL 487.1002 et seq.) & adds secs. 21a & 35.

In committee Last action January 29, 2026: REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION

Plain-language summary

SB 774 is a bill introduced in the Michigan Senate on January 29, 2026. According to its official title, it concerns: Financial institutions: money transmitters; foreign remittance transfers; prohibit under certain circumstances. Amends secs. 2, 3 & 25 of 2006 PA 250 (MCL 487.1002 et seq.) & adds secs. 21a & 35. Primary sponsor: Jim Runestad (Republican). It lists 2 additional sponsors. Most recent recorded action (January 29, 2026): REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION.

Sponsors

Primary sponsor: Jim Runestad (Republican). 2 co-sponsors.