MEMBERS:
SEN. ARIC NESBITT, MAJORITY VICE CHAIR
SEN. KEVIN DALEY
SEN. JON C. BUMSTEAD
SEN. CURTIS S. VANDERWALL
SEN. STEPHANIE CHANG, MINORITY VICE CHAIR
SEN. BETTY JEAN ALEXANDER
THE SENATE
COMMITTEE ON FINANCE
SENATOR JIM RUNESTAD
CHAIR
7500 BINSFELD OFFICE BUILDING
P.O. BOX 30036
LANSING, MICHIGAN 48909-7536
PHONE: (517) 373-1758
FAX: (517) 373-0938
**DRAFT**
COMMITTEE MEETING MINUTES
January 19, 2022
A meeting of the Senate Committee on Finance was scheduled for Wednesday, January 19, 2022, at 12:30 p.m.,
in room 1200 of the Binsfeld Office Building.
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The agenda summary is as follows:
1. Reported SB 720 (S-2) (Sen. Runestad) with recommendation and immediate effect.
2. Reported SB 721 (Sen. Runestad) with recommendation and immediate effect.
3. Reported SB 722 (Sen. Runestad) with recommendation and immediate effect.
4. Testimony regarding HB 5080 (Rep. Outman).
5. Testimony regarding HB 5081 (Rep. Coleman).
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The Chair called the meeting to order at 12:33 p.m. He instructed the Clerk to call the roll. At that time, the
following members were present: Chair Runestad, Sen.(s) Nesbitt, Daley, Bumstead, VanderWall, Chang and
Alexander, a quorum was present.
The Chair entertained a motion by Sen. Nesbitt to adopt the meeting minutes from December 8, 2021. Without
objection, the minutes were adopted.
The Chair brought up SB's 720 - 722 , and offered an (S-2) substitute for SB 720.
The cards were read of those individuals not wishing to present testimony regarding SB's 720 - 722:
Barb Farrah, Michigan Distributors and Vendors Association – Neutral on SB 720
Mike Hawks, Michigan Distributors and Vendors Association – Neutral on SB 720
Erika Farley, ITG Brands – Neutral
Leah Robinson, Michigan Chamber of Commerce – Neutral
Alex Morris, Michigan Bankers Association - Support
The Chair entertained a motion by Sen. Nesbitt to adopt the (S-2) version of SB 720. The vote was as follows:
Yeas: Chair Runestad, Sen.(s) Nesbitt, Daley, Bumstead, Chang and Alexander
Nays: Sen. VanderWall
The motion prevailed and the (S-2) was adopted.
The Chair entertained a motion by Sen. Nesbitt to report SB 720 (S-2) to the floor with recommendation that it
pass. The vote was as follows:
Yeas: Chair Runestad, Sen.(s) Nesbitt, Daley, Bumstead, Chang and Alexander
Nays: Sen. VanderWall
The motion prevailed and the bill was reported.
The Chair moved to recommend immediate effect for SB 720 (S-2). Without objection, immediate effect was
recommended.
The Chair entertained a motion by Sen. Nesbitt to report SB 721 to the floor with recommendation that it pass.
The vote was as follows:
Yeas: Chair Runestad, Sen.(s) Nesbitt, Daley, Bumstead, Chang and Alexander
Nays: Sen. VanderWall
The motion prevailed and the bill was reported.
The Chair moved to recommend immediate effect for SB 721. Without objection, immediate effect was
recommended.
The Chair entertained a motion by Sen. Nesbitt to report SB 722 to the floor with recommendation that it pass.
The vote was as follows:
Yeas: Chair Runestad, Sen.(s) Nesbitt, Daley, Bumstead, Chang and Alexander
Nays: Sen. VanderWall
The motion prevailed and the bill was reported.
The Chair moved to recommend immediate effect for SB 722. Without objection, immediate effect was
recommended.
The Chair brought up HB's 5080 – 5081, and invited Reps. Outman and Coleman to summarize the bills.
The Chair invited the following individuals to present testimony regarding HB's 5080 - 5081:
Nate Henschel, Grand Rapids Chamber of Commerce – Support
David Echelbarger, Grand Rapids Chamber of Commerce. – Support
Aaron Keel, Michigan Department of Treasury – Oppose
David Matelski, Michigan Department of Treasury - Oppose
The cards were read of those individuals not wishing to present testimony regarding HB's 5080 - 5081:
Leah Robinson, Michigan Chamber of Commerce – Support
Lance Binoniemi, Michigan Infrastructure and Transportation Association – Support
Amanda Fisher, National Federation of Independent Business – Support
Doug Needham, Michigan Aggregates Association - Support
There being no further business before the committee, the Chair moved to adjourn the meeting. Without
objection, the committee was adjourned at 1:11 p.m.
Date Adopted by Committee: