Michigan · 2025-2026 Regular Session · Bill
SB 1029: Financial institutions: credit unions; notice requirements for certain closures by credit unions; modify. Amends sec. 221 of 2003 PA 215 (MCL 490.221).
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 1029 is a bill introduced in the Michigan Senate on June 10, 2026. According to its official title, it concerns: Financial institutions: credit unions; notice requirements for certain closures by credit unions; modify. Amends sec. 221 of 2003 PA 215 (MCL 490.221). Primary sponsor: Kevin Daley (Republican). It lists 6 additional sponsors. Most recent recorded action (October 27, 2026): REFERRED TO COMMITTEE OF THE WHOLE WITH SUBSTITUTE (S-1).
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 3
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Kevin Daley | Primary sponsor | Republican | Senate | 26 |
| Joe Bellino | Co-sponsor | Republican | Senate | 16 |
| Mary Cavanagh | Co-sponsor | Democratic | Senate | 6 |
| Stephanie Chang | Co-sponsor | Democratic | Senate | 3 |
| Ruth Johnson | Co-sponsor | Republican | Senate | 24 |
| Veronica Klinefelt | Co-sponsor | Democratic | Senate | 11 |
| Paul Wojno | Co-sponsor | Democratic | Senate | 10 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO COMMITTEE OF THE WHOLE WITH SUBSTITUTE (S-1)
- REPORTED FAVORABLY WITH SUBSTITUTE (S-1) 10/14/2026
- REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
- INTRODUCED BY SENATOR KEVIN DALEY