MEMBERS:
SEN. DAN LAUWERS, MAJORITY VICE CHAIR
SEN. KIMBERLY A. LASATA
SEN. ARIC NESBITT
SEN. KEVIN DALEY
SEN. TOM BARRETT
SEN. KEN HORN
SEN. ERIKA GEISS, MINORITY VICE CHAIR
SEN. MARSHALL BULLOCK
SEN. MALLORY MCMORROW
THE SENATE
COMMITTEE ON INSURANCE AND
BANKING
SENATOR LANA THEIS
CHAIR
7400 BINSFELD OFFICE BUILDING
P.O. BOX 30036
LANSING, MICHIGAN 48909-7536
PHONE: (517) 373-2420
FAX: (517) 373-2764
**DRAFT**
COMMITTEE MEETING MINUTES
December 2, 2020
A meeting of the Senate Committee on Insurance and Banking was scheduled for Wednesday, December 2,
2020, at 9:00 a.m., in the Harry T. Gast Appropriations Room.
The agenda summary is as follows:
1. Reported SB 464 (S-1) (Sen. Lucido) with recommendation.
2. Reported SB 465 (Sen. Lucido) with recommendation.
3. Reported SB 862 (Sen. Lucido) with recommendation.
The Chair called the meeting to order at 9:02 a.m. She instructed the Clerk to call the roll. At that time, the
following members were present: Chair Theis, Sen.(s) Lauwers, LaSata, Nesbitt, Daley, Barrett, Horn, Bullock
and McMorrow, a quorum was present.
The Chair entertained a motion by Sen. Lauwers to adopt the meeting minutes from November 12, 2020.
Without objection, the minutes were adopted.
At 9:03 a.m., the Chair recessed the committee.
At 9:06 a.m., the Chair reconvened the committee.
The Chair read the cards of those individuals not wishing to testify before the committee regarding SB 465:
Kyle Innes, FINRA – Support
The Chair entertained a motion by Sen. Horn to report the (S-1) version of SB 464 to the floor with
recommendation that it pass. The vote was as follows:
Yeas: Chair Theis, Sen.(s) Lauwers, LaSata, Nesbitt, Daley, Barrett, Horn, Geiss, and McMorrow.
Nays: None
The motion prevailed and the bill was reported.
The Chair entertained a motion by Sen. Barrett to report SB 465 to the floor with recommendation that it pass.
The vote was as follows:
Yeas: Chair Theis, Sen.(s) Lauwers, LaSata, Nesbitt, Daley, Barrett, Horn, Bullock, and McMorrow.
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Nays: None
The motion prevailed and the bill was reported.
The Chair entertained a motion by Sen. Barrett to report SB 862 to the floor with recommendation that it pass.
The vote was as follows:
Yeas: Chair Theis, Sen.(s) Lauwers, LaSata, Nesbitt, Daley, Barrett, Horn, Bullock, and McMorrow.
Nays: None
The motion prevailed and the bill was reported.
The Chair made a motion to excuse absent members from the meeting. Without objection, Sen. Geiss was
excused from the meeting.
There being no further business before the committee, the Chair moved to adjourn the committee. Without
objection, the committee was adjourned at 9:08 a.m.
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