MEMBERS:
SEN. JEFF IRWIN, MAJORITY VICE CHAIR
SEN. SEAN MCCANN
SEN. ROSEMARY BAYER
SEN. DARRIN CAMILLERI
SEN. MARK HUIZENGA, MINORITY VICE CHAIR
SEN. LANA THEIS
SEN. KEVIN DALEY
THE SENATE
COMMITTEE ON FINANCE, INSURANCE,
AND CONSUMER PROTECTION
SENATOR MARY CAVANAGH
CHAIR
6500 BINSFELD OFFICE BUILDING
P.O. BOX 30036
LANSING, MICHIGAN 48909-7536
PHONE: (517) 373-7748
FAX: (517) 373-1387
COMMITTEE MEETING MINUTES
May 22, 2024
A meeting of the Senate Committee on Finance, Insurance, and Consumer Protection was scheduled for
Wednesday, May 22, 2024, at 12:30 p.m., in the 1200 Room of the Binsfeld Office Building.
The agenda summary is as follows:
1. Testimony regarding SB 408 (Sen. Irwin) and SB 409 (Sen. Cavanagh).
The Chair called the meeting to order at 12:32 p.m.. She instructed the Clerk to call the roll. At that time, the
following members were present: Chair Cavanagh, Sen.(s) Irwin, McCann, Bayer, Huizenga, Theis and Daley, a
quorum was present.
The Chair entertained a motion by Sen. Irwin to adopt the meeting minutes from May 15, 2024. Without
objection, the minutes were adopted.
The Chair made a motion to excuse absent members from the meeting. Without objection, Sen. Camilleri was
excused from the meeting.
The Chair entertained a motion by Sen. Irwin to adopt the (S-1) version of SB 408. The vote was as follows:
Yeas: Chair Cavanagh, Sen.(s) Irwin, McCann, Bayer, Huizenga, Theis, and Daley.
Nays: None
The motion prevailed and the (S-1) was adopted.
The Chair entertained a motion by Sen. McCann to adopt the (S-1) version of SB 409. The vote was as follows:
Yeas: Chair Cavanagh, Sen.(s) Irwin, McCann, Bayer, Huizenga, Theis, and Daley.
Nays: None
The motion prevailed and the (S-1) was adopted.
The Chair read the cards of those individuals not wishing to testify before the committee regarding SB 495:
Joseph Sullivan, Department of Insurance and Financial Services – Support
Allison Koppel, American Fraternal Alliance – Support
The Chair invited the following individuals to present testimony regarding SB 408:
Erika Rickard, The Pew Charitable Trusts – Support
Patricia Herndon, Michigan Bankers Association – Opposition
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Kelly Goolsby – Support
DaeSean Ashby and Angela Kimbrough, Michigan Credit Union League – Opposition
The Chair invited the following individuals to present testimony regarding SB 408 and SB 409:
Stuart Best, Michigan Creditors Bar Association – Opposition
Lorray Brown, Michigan Poverty Law Program – Support
The Chair invited the following individuals to present testimony regarding SB 409:
Bonnie Angus – Support
Due to time constraints, the following individuals were unable to present testimony regarding SB 408:
Keith Den Hollander, Christian Coalition – Support
Due to time constraints, the following individuals were unable to present testimony regarding SB 409:
David S. Wilkinson – Support
Due to time constraints, the following individuals were unable to present testimony regarding SB 408 and SB
409:
Michael Kus, Community Bankers of Michigan – Opposition
The Chair read the cards of those individuals not wishing to testify before the committee regarding SB 408:
Judi Stilson – Support
MJ Kimo Keawe – Support
Theo and Wendy Gantos – Support
Marge Wisniewski – Support
Diane Hull – Support
Artemisa Guillory – Support
Gail Rinehart – Support
Pamela Maxey – Support
Ginger Dowdle – Support
Alec Racer – Support
Pamela Cowell – Support
Deb Campbell – Support
Todd Tennis, Center for Civil Justice – Support
Lisa Chapman, Michigan Coalition against Homelessness – Support
Kristina Steele – Support
Andy Madden, ACA International – Opposition
Jessica AcMoody and Kirstie Sieloff, Community Economic Development Association of Michigan –
Support
Rachel Richards, Michigan League for Public Policy – Support
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Cassie Theirfelder, United Way for Southeastern Michigan – Support
Seth Johnson, United Way of Northwest Michigan – Support
Cole Lussier and Danielle Fagre Arlowe, American Financial Services Associates – Opposition
John McNamara, Michigan Restaurant and Lodging Association – Opposition
Leah Robinson, Michigan Chamber of Commerce – Opposition
Kelly Walters, First State Bank – Opposition
The Chair read the cards of those individuals not wishing to testify before the committee regarding SB 409:
Rachel Richards, Michigan League for Public Policy – Support
Lorray Brown, Michigan Poverty Law Program – Support
Timothy Stickradt, Hammer Schmidt Stickradt and Associates – Support
Deborah Konchel – Support
David Wilkinson, Frego and Associates – Support
James Warr, James Warr and Associates – Support
Kurt Thornbladh, Thornbladh Legal Group – Support
Lesley Hoenig, Hoenig Law – Support
Roger Bus, Debt Relief Law Center – Support
Alexander Berry, Maxwell Dunn PLC – Support
Shirley Horn, Law Office of Shirley Horn – Support
Jeremy Shephard, USA Debt Bankruptcy Attorneys – Support
Kurt O'Keefe – Support
The Chair read the cards of those individuals not wishing to testify before the committee regarding SB 408 and
SB 409:
Mike Hinkle, Charlevoix State Bank – Opposition
Alex Minor, Advia Credit Union – Opposition
David Lamb, Oxford Bank – No Position
Josh Jansen and Jennifer Ivey, Members First Credit Union – Opposition
Mike Burke, Choice One Bank – Opposition
Daniel Bitzer, First National Bank – Opposition
Jessica Broad, Gerber Federal Credit Union – Opposition
Greg Dietrich and Jessica Hillborg, Frankenmuth Credit Union – Opposition
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Jarrett Skorup, Mackinac Center – Opposition
Jerome Schwind, Isabella Bank – Opposition
Carma Peters, Michigan Legacy Credit Union – Opposition
Michael Palumbo, Northland Area Federal Credit Union – Opposition
Josh Buck, Members First Credit Union – Opposition
Justin Bamford, Harbor Light Credit Union – Opposition
Derek McKerr, Case Credit Union – Opposition
Sandy Selenski, Zeal Credit Union – Opposition
Russell Kassin, First National Bank and Trust – Opposition
Jeni Adams, Security Credit Union – Opposition
Heather Luciani, Honor Credit Union – Opposition
Michelle McAuley, Financial Plus Credit Union – Opposition
Rebecca O'Connell, Lake Trust Credit Union – Opposition
William Hufnagel, Dart Bank – Opposition
Chadd O'Brien, ELGA Credit Union – Opposition
Tim Langholz, NFIB – Opposition
Neil Beckman and Ray Brown, Gogebic Range Bank – Opposition
Blake Brooks and Robert Wolak, State Savings Bank – Opposition
Jack Shubitowski, Huron Valley State Bank – Opposition
Chris Gonyea, State Savings Bank of Manistique – Opposition
Glenn Johnson and Andy Herro, Upper Peninsula State Bank – Opposition
Bridget Murphy, Independent Bank – Opposition
Mishelle Comstock, Shelby State Bank – Opposition
Shelly Brooks, Mayville State Bank – Opposition
Lee Bradford, Choice One Bank – Opposition
There being no further business before the committee, the Chair moved to adjourn the committee. Without
objection, the committee was adjourned at 1:56 p.m.
Date adopted by committee: 06/12/24
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