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 Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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.
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): Republican 3
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Jim Runestad | Primary sponsor | Republican | Senate | 23 |
| Joe Bellino | Co-sponsor | Republican | Senate | 16 |
| Jonathan Lindsey | Co-sponsor | Republican | Senate | 17 |
“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 ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
- INTRODUCED BY SENATOR JIM RUNESTAD