Michigan · 2025-2026 Regular Session · Bill
HB 4581: Consumer credit: interest rates; credit card interest rates; provide cap. Amends sec. 4 of 1995 PA 162 (MCL 445.1854).
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 4581 is a bill introduced in the Michigan House on June 5, 2025. According to its official title, it concerns: Consumer credit: interest rates; credit card interest rates; provide cap. Amends sec. 4 of 1995 PA 162 (MCL 445.1854). Primary sponsor: Alabas Farhat (Democratic). It lists 4 additional sponsors. Most recent recorded action (June 10, 2025): bill electronically reproduced 06/05/2025.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Sponsors
Sponsors by party (alphabetical): Democratic 4 · Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Alabas Farhat | Primary sponsor | Democratic | House | 3 |
| Erin Byrnes | Co-sponsor | Democratic | House | 15 |
| Reggie Miller | Co-sponsor | Democratic | House | 31 |
| Carrie Rheingans | Co-sponsor | Democratic | House | 47 |
| Josh Schriver | Co-sponsor | Republican | House | 66 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- bill electronically reproduced 06/05/2025
- referred to Committee on Regulatory Reform
- read a first time
- introduced by Representative Rep. Alabas Farhat