Michigan · 2025-2026 Regular Session · Bill
SB 835: Financial institutions: money transmitters; money transmission modernization act; create. Creates new act & repeals 2006 PA 250 (MCL 487.1001 - 487.1047).
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 835 is a bill introduced in the Michigan Senate on March 17, 2026. According to its official title, it concerns: Financial institutions: money transmitters; money transmission modernization act; create. Creates new act & repeals 2006 PA 250 (MCL 487.1001 - 487.1047). Primary sponsor: Rosemary Bayer (Democratic). It lists 4 additional sponsors. Most recent recorded action (March 17, 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): Democratic 3 · Republican 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Rosemary Bayer | Primary sponsor | Democratic | Senate | 13 |
| Mary Cavanagh | Co-sponsor | Democratic | Senate | 6 |
| John Damoose | Co-sponsor | Republican | Senate | 37 |
| Veronica Klinefelt | Co-sponsor | Democratic | Senate | 11 |
| Roger Victory | Co-sponsor | Republican | Senate | 31 |
“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 ROSEMARY BAYER