The Committee on Regulatory Affairs submitted the following:

Meeting held on Thursday, March 19, 2026, at 9:00 a.m., Room 403, 4th Floor, Capitol Building

Present: Senators Moss (C), Polehanki, McCann, Wojno, Santana, Hertel, Singh, Hauck, Webber, Lauwers and Bellino

The Committee on Labor reported

Senate Bill No. 807, entitled

A bill to create the secure retirement savings program to provide retirement savings options for certain employees; to provide for the powers and duties of certain governmental officers and entities; to require participation in the program by certain employers; to create the secure retirement savings program fund as a trust fund outside the state treasury consisting of employee retirement accounts; to establish the Michigan secure retirement administrative fund to pay program administrative expenses; to provide for civil fines; and to require the promulgation of rules.

With the recommendation that the bill pass.

John Cherry

Chairperson

To Report Out:

Yeas: Senators Cherry, Camilleri and Cavanagh

Nays: Senator Albert

The bill was referred to the Committee of the Whole.

The Committee on Labor reported

Senate Bill No. 808, entitled

A bill to create the secure retirement savings board and prescribe its powers and duties.

With the recommendation that the bill pass.

John Cherry

Chairperson

To Report Out:

Yeas: Senators Cherry, Camilleri and Cavanagh

Nays: Senator Albert

The bill was referred to the Committee of the Whole.