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
October 23, 2024
A meeting of the Senate Committee on Finance, Insurance, and Consumer Protection was scheduled for
Wednesday, October 23, 2024, at 1:30 p.m., in the 1200 Room of the Binsfeld Office Building.
The agenda summary is as follows:
1. Reported SB 408 (S-2) (Sen. Irwin) with recommendation.
2. Reported SB 409 (S-2) (Sen. Cavanagh) with recommendation.
3. Reported HB 4842 (Rep. Price) with recommendation.
The Chair called the meeting to order at 1:34 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, Camilleri, Huizenga, Theis
and Daley, a quorum was present.
The Chair entertained a motion by Sen. Huizenga to adopt the meeting minutes from October 9, 2024. Without
objection, the minutes were adopted.
The Chair brought up SB 408 (S-2) and invited Sen. Irwin to summarize the bill.
The Chair brought up SB 409 (S-2) and summarized the bill.
The cards were read of those individuals not wishing to present testimony regarding SB’s 408-409:
Eshaun Kawlar, PEW Charitable Trusts – Support SB 408
Lorray Brown, Michigan Poverty Law Program – Support
Stuart Best, Michigan Creditors Bar Association – Oppose SB 408
Jarrett Skrup, Mackinac Center for Public Policy – Oppose
Cole Lussier, American Financial Services Association – Oppose SB 408
Lucas Camacho, Self – Oppose SB 408
Peter Morman, MI Department of Treasury – Neutral
Jeff Kirkpatrick, MI Court Officers & Deputy Sheriff’s Association – Oppose
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John Lindley, Michigan RV and Campground Association – Oppose
John Lindley, Michigan Manufactured Housing Association – Oppose
The Chair entertained a motion by Sen. Irwin to adopt the (S-2) version of SB 408. The vote was as follows:
Yeas: Chair Cavanagh, Sen.(s) Irwin, McCann, Bayer, Camilleri, Huizenga, Theis, and Daley.
Nays: None
The motion prevailed and the (S-2) was adopted.
The Chair entertained a motion by Sen. Camilleri to report SB 408 (S-2) to the floor with recommendation that
it pass. The vote was as follows:
Yeas: Chair Cavanagh, Sen.(s) Irwin, McCann, Bayer and Camilleri
Nays: Sen.(s) Huizenga, Theis, and Daley
The motion prevailed and the bill was reported.
The Chair entertained a motion by Sen. Bayer to adopt the (S-2) version of SB 409. The vote was as follows:
Yeas: Chair Cavanagh, Sen.(s) Irwin, McCann, Bayer, Camilleri, Huizenga, Theis, and Daley.
Nays: None
The motion prevailed and the (S-2) was adopted.
The Chair entertained a motion by Sen. Irwin to report SB 409 (S-2) to the floor with recommendation that it
pass. The vote was as follows:
Yeas: Chair Cavanagh, Sen.(s) Irwin, McCann, Bayer and Camilleri
Nays: Sen.(s) Huizenga, Theis, and Daley
The motion prevailed and the bill was reported.
The Chair brought up HB 4842, and invited Rep. Price to summarize the bill.
The following individuals presented testimony regarding HB 4842:
Peter Morman, Michigan Department of Treasury – Support
Sean Sorenson-Abbott, Michigan Department of Treasury – Support
Andres Boettcher, Michigan Department of Treasury – Support
The Chair entertained a motion by Sen. Bayer to report HB 4842 to the floor with recommendation that it pass.
The vote was as follows:
Yeas: Chair Cavanagh, Sen.(s) Irwin, McCann, Bayer, Camilleri, Huizenga, Theis, and Daley
Nays: None
The motion prevailed and the bill was reported.
There being no further business before the committee, the Chair moved to adjourn the committee. Without
objection, the committee was adjourned at 1:50 p.m.
Date adopted by Committee: November 13, 2024
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