HOUSE OF REPRESENTATIVES
COMMITTEE ON INSURANCE AND FINANCIAL SERVICES
REP. BRENDA CARTER
CHAIR
COMMITTEE MEETING MINUTES
Thursday, May 18, 2023
9:00 AM
Room 521, House Office Building
The House Committee on Insurance and Financial Services was called to order by Chair
Brenda Carter.
The Chair requested attendance be called:
Present: Reps. Brenda Carter, McFall, Stone, Breen, Rogers, Scott, Young, Fitzgerald,
Grant, Harris, Markkanen, Bezotte, Aragona, Bruck, Neyer, Smit.
Absent: Rep. Coleman.
Excused: Rep. Coleman.
Representatives Grant and Bruck joined the committee remotely.
Representative Smit moved to adopt the meeting minutes from May 11, 2023. There being no
objection, the motion prevailed by unanimous consent.
The Chair laid HB 4343 before the committee:
HB 4343
(Rep. Conlin)
A bill to amend 2005 PA 244, entitled "Deferred
presentment service transactions act," by
amending section 51 (MCL 487.2171).
Representative Conlin testified in support of HB 4343, as proposed substitute (H-1).
Questions and discussion followed.
Representative Scott moved to adopt substitute (H-1) to HB 4343. The motion prevailed 13-
0-0:
FAVORABLE ROLL CALL
Yeas: Reps. Brenda Carter, McFall, Stone, Rogers, Scott, Young, Fitzgerald, Harris,
Markkanen, Bezotte, Aragona, Neyer, Smit.
Nays: None.
Pass: None.
Representative Young moved to report out HB 4343 with recommendation, as substitute (H-
1). The motion prevailed 13-0-0:
FAVORABLE ROLL CALL
Yeas: Reps. Brenda Carter, McFall, Stone, Rogers, Scott, Young, Fitzgerald, Harris,
Markkanen, Bezotte, Aragona, Neyer, Smit.
Nays: None.
Pass: None.
The Chair laid HB 4197 before the committee:
HB 4197
(Rep. Witwer)
A bill to amend 2008 PA 551, entitled "Uniform
securities act (2002)," (MCL 451.2101 to
451.2703) by amending the title, as amended by
2014 PA 355, and by adding article 5A.
Sophia Rishar, representing the Office of Representative Witwer, testified in support of HB
4197. Questions and discussion followed.
Mark Staat and Ben Eichler, representing the National Association of Insurance and Financial
Advisors of Michigan, testified in support of HB 4197. Questions and discussion followed.
Sophia Rishar, representing the Office of Representative Witwer, returned to testify on the
proposed amendment to HB 4197.
Representative Stone offered the following amendment to HB 4197:
1. Amend page 9, line 27, after "subsection" by striking out "must" and inserting "may".
Representative Stone moved to adopt the amendment to HB 4197. The motion prevailed 14-
0-0:
FAVORABLE ROLL CALL
Yeas: Reps. Brenda Carter, McFall, Stone, Breen, Rogers, Scott, Young, Fitzgerald,
Harris, Markkanen, Bezotte, Aragona, Neyer, Smit.
Nays: None.
Pass: None.
The chair laid before the committee a presentation on The Pharmaceutical Research and
Manufacturers of America.
Peter J. Fotos, Deputy Vice-President of Advocacy for the Midwest Region, gave a
presentation on The Pharmaceutical Research and Manufacturers of America. Questions and
discussion followed.
The chair laid before the committee a presentation by The Michigan Chapter of the National
Association of Benefits and Insurance Professionals.
Cathy Cooper and Jeff Romback, legislative co-chairs for The National Association of
Benefit and Insurance Profession, gave a presentation on The Michigan Chapter of the
National Association of Benefits and Insurance Professionals. Questions and discussion
followed.
Representative McFall moved to excuse Representative Coleman from the meeting. There
being no objection the motion prevailed by unanimous consent.
There being no further business before the committee, Representative McFall moved to
adjourn. Chair Brenda Carter adjourned the meeting at 10:23 AM.
Representative Brenda Carter, Chair
Justin Easter
Committee Clerk
jeaster@house.mi.gov